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$2.5M Jordan Rookie Card Breaks Record, Spotlights Need for Specialty Coverage
Inside This Article: A signed 1986-87 Fleer Michael Jordan rookie card sold at auction for $2.5 million, setting a new record for a Jordan rookie card. The card was one of only nine signed by Jordan in 2024 and marked the first sports collectible offered by Pharrell Williams’ auction house Joopiter. Interest in sports collectibles remains high in the
Escalating Oil Leak Fallout Highlights Need For ‘Gradual’ Pollution Liability Insurance
Inside This Article: Cleanup crews responding to an underground storage tank leak in Woodstock, Ontario, have now recovered approximately 180,000 liters of diesel, exceeding earlier estimates. In addition to businesses that were impacted by the leak, area residents have expressed concerns about groundwater safety and potentially reduced property values. The disaster underscores the importance of Environmental Insurance policies such as
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Key Takeaways: Property & Casualty (P&C) market conditions are stabilizing, with increased competition and moderating rates—though CAT-prone regions remain volatile. Excess & Surplus (E&S) carriers remain vital for distressed sectors like Habitational, Hospitality, and Liquor Liability, even as admitted carriers return to select segments. Severe weather is reshaping risk, as seen in recent Texas flooding and California wildfires earlier…
Inside This Article: A homeowner’s metal roof was partially torn off during a recent thunderstorm in Rogersville, Alabama, causing water damage to the home. It was the third severe weather event to hit Rogersville this year, including two earlier tornadoes. Convective storms are becoming more frequent and severe, bringing dangerously high winds to areas not commonly impacted by this…
Inside This Article: A group of teens threw an unauthorized party at a Palm Beach County Airbnb, causing an estimated $7,000 in damage. The damage included a broken front gate, missing blinds, and a burnt electrical outlet, in addition to lost income from a canceled future booking. Coverage under standard Homeowners Insurance policies may not apply to short-term rentals,…
Inside This Article: Subcontractor defaults are rising as labor shortages, material costs and economic pressures strain smaller firms. Many contractors wrongly assume that Commercial General Liability (CGL) Insurance covers all risks tied to subcontractor performance. Professional Liability Insurance, such as Errors & Omissions (E&O) coverage, addresses gaps left by CGL, in design-build projects. Subcontractor Default Insurance (SDI) can help…
Inside this article: A semi-truck carrying an estimated 70,000 pounds of beehives overturned in Whatcom County, Washington, releasing around 14 million bees into the surrounding area. More than two dozen beekeepers rushed to assist with the recovery of 300 hive boxes from the overturned truck. The incident demonstrates the unique risks associated with transporting livestock, which is often excluded…
Inside This Article: A 20-year-old fan fell from the stands at PNC Park in Pittsburgh during a Pirates-Cubs game on April 30, suffering critical injuries. The man’s 21-year-old friend was charged with providing alcohol to a minor after allegedly buying him beer at the stadium. Stadiums that face claims or lawsuits over guest injuries typically have coverage under their…
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Defective or unsafe products can lead to injuries, large-scale recalls, and devastating financial losses for manufacturers, distributors, and retailers. High-profile recalls can also severely damage a brand’s reputation, even for well-known companies with strong research and development practices. To learn more about the importance of Product Liability Insurance, we spoke with Will Berarducci, Senior Underwriter, Commercial Insurance, Burns & Wilcox,…
From fundraisers and festivals to corporate gatherings and competitions, special events can present a wide and often unpredictable range of liability exposures. Such exposures can lead to significant financial losses if an event is not properly insured. Special Events Insurance offers tailored protection to help event organizers manage the risk of bodily injuries, property damage, liquor-related incidents, and more, as…
Inside This Article: Hazmat crews responded to a chemical spill in a Virginia Commonwealth University laboratory. The June 24 incident led to an evacuation of Oliver Hall. Accidental chemical releases are a serious safety concern at universities and other institutions, potentially causing injuries to the public. Pollution Legal Liability (PLL) Insurance can help cover cleanup costs, regulatory fines, and…
In our recent Q3 P&C Market Outlook webinar, Gina Jones provided an update on the current state of the Environmental Insurance Market. Watch the highlights here. https://vimeo.com/1100694316/c537047834
Tight capacity and high-risk exposures are on the horizon, making it more critical than ever to partner with the right experts. In our recent P&C Market Outlook webinar, Brandon McCarty covered why relationships and product knowledge are key for brokers and agents. Watch the highlights below. https://vimeo.com/1100694764/a48cfcdb6f
In our latest webinar, Lana Dennis discussed how increased exposures, especially in the commercial garage, are driving small dealers and repair shops into the E&S space. Watch highlights from the discussion below. https://vimeo.com/1100691885/e055da5eb7
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