Burns and Wilcox News

News

H.W. Kaufman Financial Group and Burns & Wilcox Canada Acquire High-Value Homeowner’s Practice from Quebec-Based XN Financial Services, Inc.

Farmington Hills, Mich. (January 31, 2017) – H.W. Kaufman Financial Group and Burns & Wilcox Canada announced today they have acquired the high-value homeowner’s insurance practice from Quebec-based XN Financial Services, Inc. (XN). XN is a subsidiary of The Henner Group, one of France’s leading insurance specialists offering solutions for individuals and companies. XN is…

Own the Rental Market

E&S expertise and relationships are key to accessing opportunities in the busy rental property market. The recession’s effects continue to linger in the homeowners market, even as the overall economy slowly but surely rebounds. The percentage of homeowners in the U.S. has fallen to 65 percent, down from 69 percent in 2006.

How to Sell It: Personal Marine Insurance

The personal marine market is flourishing. As the general economy continues to improve, insureds are making more purchases in discretionary areas, including boats. “We’ve seen an uptick in the boat market and the price of boats is starting to go back up again,” says Bill Gatewood, corporate vice president and director of personal insurance for Burns &…

Seaworthy

The nautical know-how you need to make marine a lucrative part of your business. With spring upon us, the thoughts of many who live in America’s colder climes turn to the water, and in particular, to boating. In 2013, some 88.5 million of the 242 million adults living in the United States — about 37 percent…

Hedging The Bet Of Racehorse Ownership Leads Some Owners To Purchase $100 Million Insurance Policies On Their Horses

It is no secret that horse racing is an elite business, attracting some of the wealthiest families in the world into its circle of owners. Each has a significant amount of money and livelihood invested in their respective horses. It is for this reason that a handful of insurance companies have stepped in to insure the…

Vital Social Services at Risk Due to Lack of Insurance

In today’s economic environment, social service agencies are being asked to do more with less. Simply put, there is not enough money to expand programming while covering administration and other related operating costs. Under growing pressure from funders and the public, agencies are forced to make tough budget choices around expanding program delivery and managing…

3 Risk Management Tips For Hospitals in the New Healthcare Environment

With new models of care evolving and new entrants into the market, there have been many changes in the healthcare environment since the passage of the Patient Protection and Affordable Care Act. Brad Rosgen, a healthcare practice leader at Farmington Hills, Mich.-based Burns & Wilcox, provides three risk management tips for healthcare organizations in the…

Burns & Wilcox Canada Highlights Importance of Fraud Awareness

Toronto, ON [March 10, 2014] – In support of Fraud Prevention Month, Burns & Wilcox Canada is encouraging Canadian organizations to re-examine the steps they take to protect themselves from fraud. According to the Shred-it 2013 Information Security Tracker survey, each year, the average organization loses an estimated 5 per cent of its revenues to…