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By Paul G. Smith, Corporate Senior Vice President, Carrier Relations, H.W. Kaufman Group The Property & Casualty (P&C) insurance marketplace continued its momentum from the first half of 2020 into the third quarter showing no signs of retreat. The Burns & Wilcox Q2 2020 Property & Casualty Market Overview was packed with information on overall market conditions, new capacity, consolidation,…
Cybersecurity experts are warning consumers about a new scam that capitalizes on the pandemic forcing many seasonal gift shops and pop-up markets to go virtual this year. In a scam alert issued on November 13, the Better Business Bureau said cybercriminals are using copycat shopping event sites and social media pages to charge admission and steal credit card data. In…
Walmart will soon begin testing a grocery delivery program that uses autonomous vehicles, the retailer announced November 10. The pilot program, a partnership with California-based driverless car company Cruise LLC, will send grocery orders directly to customers in Cruise\'s electric, self-driving cars. The program, set to launch in Scottsdale, Arizona early next year, builds on an express delivery service Walmart…
A shortage of qualified, experienced drivers is contributing to increased risks in the transportation industry. To learn more about the state of the industry and its implications for Transportation Insurance, we spoke with John Woods, Vice President, National Practice Group Leader, Transportation, Burns & Wilcox, Scottsdale, Arizona. How does the shortage of drivers impact transportation risks? The continuing shortage of…
Presented by: Patrick Barco, Manager, Ocean Marine, Burns & Wilcox Canada Special Guests: Mark Engel, Managing Director, RB Jones, and John Gambino, Underwriting Manager, Cargo, RB Jones Hosted by: Jodie Kaufman Davis, Corporate Senior Vice President, Managing Director, Burns & Wilcox Canada In this webinar, we: Provide an overview on the Ocean Cargo segment of the Marine Insurance market Discuss supplier…
Kroger Health recently announced that it will offer rapid COVID-19 antibody testing at all of its pharmacy and clinic locations by the end of November. The Kroger Company grocery store chain will charge $25 for the test, which can detect previous coronavirus infection and typically generates results in about 15 minutes. The COVID-19 antibody test is reported to be available…
A Wisconsin man who recently won $22 million playing the state’s Powerball lottery has followed through on a decades-old promise to split the jackpot with his friend. Thomas Cook and his friend fishing partner, Joseph Feeney, reportedly made a handshake agreement 28 years ago to split any lottery winnings if either of them ever hit the jackpot. Cook made good…
Mold contamination, storage tank leaks and other environmental hazards can cost hundreds of thousands of dollars to resolve, yet approximately 90 percent of all environmental losses are not covered by insurance. To learn more about mitigating environmental risks, we spoke with Gina Jones, Vice President, Director, Environmental Programs, Burns & Wilcox. What businesses are at risk for environmental losses? G.J.:…
