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Digital assets in the cryptocurrency market have seen explosive growth in recent years, surpassing $3 trillion in November 2021. That total was up from just $14 billion at the end of 2016. It is also estimated that 40 million Americans, or 16 percent of the population invested in cryptocurrencies last year—with more than 100 countries looking into the option of…
A new flood-risk rating system went into effect April 1 for all National Flood Insurance Program (NFIP) policy renewals, moving the U.S. government-backed Flood Insurance program to a method of determining premiums that is expected to be more precise and equitable. According to FEMA, the Risk Rating 2.0 system uses industry best practices and the latest technology to provide rates…
During this webinar, Burns & Wilcox was joined by our own Bill Gatewood and Craig Anderson, plus special guests Rick Salway and Adam Riches, to discuss the state of the Recreational Marine Insurance Market, specialty solutions, and predictions https://vimeo.com/693699596/5df1e3d334
A fire that destroyed much of a historic country club in Bloomfield Hills, Michigan, may have been started by construction work involving a propane torch, new video footage suggests. The Feb. 17 blaze at Oakland Hills Country Club caused an estimated $80 million in damage to the clubhouse and was a near “total loss,” according to reports. Video recovered from…
Businesses in the hospitality industry face a variety of property and liability risks. To learn more about these challenges and the corresponding insurance solutions, Crain’s Content Studio spoke with Bonnie Steen, Vice President, Managing Director, Burns & Wilcox, New Orleans, Louisiana. What are some of the greatest risks today for restaurant hospitality businesses? B.S.: From a property standpoint, one of…
In communities across the U.S., home prices are soaring so high in some areas that priced-out residents are moving to regions with a lower cost of living, Fox Business recently reported. Average rent prices are also up, with the most significant increases — each over 25% in the past year — seen in cities such as Miami, Tampa and Phoenix,…
During this webinar, we were joined by special guest Vinny Lingham, Internet entrepreneur and Co-Founder & Executive Chairman of Civic - a startup that encrypts identity information on the blockchain. Our own David Derigiotis, Corporate Senior Vice President, National Professional Liability Practice Leader, Burns & Wilcox, hosts. Watch as our experts explain and discuss cryptocurrency, Blockchain, and Decentralized Finance (DeFi)…
After two years of cancellations and uncertainty, crowds are expected to be back in full force for St. Patrick\'s Day 2022 in many areas of the U.S. and Canada. Large groups gathered in the streets and in bars for parades last weekend in cities like San Francisco, California, Chicago, Illinois, and Newport, Rhode Island. Establishments are preparing for big crowds…
