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Carrier Q&A with Patrick Rastiello
05.12.21
Paul Smith hosts a Carrier Q&A discussion with Patrick Rastiello, President and CEO, Accredited America. With over 40 years of experience in the insurance market, Patrick brings a wealth of insight on the current environment into the conversation. During this webinar, we discussed: Market conditions Technology’s impact on the underwriting process Forecasts into the months […]
Intel
Billion-Dollar Hail Loss Underscores Risk of ‘Unpredictable’ Severe Weather
05.11.21
Parts of Texas and Oklahoma are still assessing the toll of destruction after hail reportedly as large as softballs left swaths of damages to homes, cars and other property on April 28. The day was expected to be declared a “billion-dollar hail loss day” in the U.S.: according to the federal Storm Prediction Center, there […]
Intel
Company Fined Over $234,000 After Worker’s ‘Preventable’ Injury in Water Test Pit
05.05.21
Xylem Inc. was recently fined $234,054 by the U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) after a 2020 incident in which a worker was hurt while lowering himself into a water test pit. The injury reportedly took place at the water technology company’s location in Pewaukee, Wisconsin when a guardrail loosened as […]
Intel
Cain Webber, New Orleans, Named 2021 Business Insurance Break Out Award Winner
04.28.21
3rd Party News
Trucking Industry Imperiled by Spike in ‘Nuclear Verdicts’
04.28.21
Jury awards that exceed $10 million, also known as “nuclear verdicts,” are on the rise in the trucking industry and could make it more difficult for transportation companies to stay in business, CNBC recently reported. According to a 2020 report from the American Transportation Research Institute, the average U.S. trucking industry lawsuit verdict increased 967% […]
Intel
Upcoming Webinars
04.26.21
Changing Conditions Impacting the Specialty Healthcare Insurance Market Thursday, May 20, 2021 at 1:30 PM ET Join our experts for a discussion on the state of the specialty healthcare market, trends within the industry that are changing the landscape, and the impacts on specific products. Featured Experts: Karl Olson, Vice President, Professional & Management Liability […]
Intel
Property & Casualty 2021 Q1 Market Overview & Q2 Forecast
04.26.21
By Paul G. Smith, Corporate Senior Vice President, Carrier Relations, H.W. Kaufman Group Following the release of our Burns & Wilcox Property & Casualty Market Overview and Forecast: Eye on 2021 report last quarter the already challenged Commercial and Personal insurance marketplace was greeted with yet another extraordinary event—Winter Storm Uri (February 13-17). The widespread […]
Intel
Driving through the Transportation Market: Challenges and Conditions
04.23.21
Watch as our experts as they explore the challenges within the Transportation market and what’s driving current market conditions. During this webinar, we discuss: The pandemic’s impact and how the industry is recovering The use of data and technology solutions Changing risk appetites
Intel
Eye on Q2: Commercial Property Insurance Overview
04.22.21
After being hit with large Catastrophic Property losses at the beginning of 2021, and an active storm season approaching, Commercial Insurance expert Bonnie Steen provides insight on what to expect in Q2. Watch the full Eye on Q2: Commercial Property Insurance Overview below.
Intel
Eye on Q2: Flood Insurance Overview
04.22.21
Looking ahead into 2021, the Flood Insurance Market should anticipate multiple changes. According to Brad Turner, “The Private Flood market should have the opportunity to compete across a lot of segments it wasn’t able to before, under the new NFIP Rating 2.0, because the market will have a greater understanding of pricing and awareness of exposure.” Watch […]
Intel
Piney Point Wastewater Cleanup Near Tampa Bay Could Cost $200 Million
04.21.21
Wastewater disposal, site cleanup and complete closure of a former phosphate mining facility in Manatee County, Florida could cost up to $200 million, said Florida state officials this week as they debated the allocation of funding to begin the cleanup process. Piney Point, which opened as a fertilizer plant in 1966 and was abandoned in […]
Intel
Meeting the Demand of an Accelerating Construction Market
04.16.21
Construction-related risks and Construction Insurance solutions were among the topics addressed in a webinar hosted by Burns & Wilcox and Burns & Wilcox Brokerage. As construction activity picks up across the U.S. and Canada after a challenging 2020, general contractors and other professionals in the industry are navigating changes in the Construction Insurance marketplace. In […]
Intel
$45 Billion in U.S. Cannabis Sales Expected by 2025, Says Industry Report
04.14.21
The U.S. cannabis industry could exceed $45 billion in annual sales by 2025, according to a recent projection published in the 2021 Marijuana Business Factbook. That could mean double the sales of $22 to $26.4 billion projected for recreational and medical cannabis this year. Marijuana markets are growing rapidly in the U.S. and Canada, with […]
Intel
Eye on Q2: Specialty Insurance Overview
04.14.21
Watch as our experts provide an outlook into the second quarter of 2021. We also review the year so far and how the biggest news stories impacted the insurance industry. During this webinar, we discuss: Flood Cyber Healthcare Commercial Property
Intel
President Biden’s Dog ‘Major’ Involved in Second Biting Incident
04.07.21
One of the White House’s two canine residents was involved in a biting incident on March 29: the Bidens’ German Shepherd, Major, reportedly nipped at a National Park Service employee during a walk on the White House South Lawn. The employee was assessed by the White House medical unit and returned to work without injury. […]
Intel
H.W. Kaufman Group Subsidiary Purchases 119 State Street Building in Detroit
04.06.21
Capitol Park building to serve as satellite location for Kaufman’s network of companies Farmington Hills, Mich. (April 6, 2021) – A subsidiary of H.W. Kaufman Group, a global network of insurance companies, announced the purchase of 119 State Street in Detroit, located in the Capitol Park Historic District and Detroit Financial District. The building will […]
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