Burns and Wilcox News

Category: Trending

Risk for Flooding on the Rise

A combination of rapid snowmelt, ice jams and torrential rains over several days in mid March left swaths of the Midwest and Great Plains states submerged and more than 10 million people under flood warnings by March 17. Powered in part by a “bomb cyclone”—when a rapid drop in barometric pressure leads to hurricane-force winds—flooding…

St. Patrick’s Day Drinking Poses Big Risks to Patrons and Businesses Alike

While everyone is Irish on March 17, more than 4 million residents in Canada and nearly 40 million in the U.S. actually claim Irish heritage. These Irish descendants, actual and adopted, make St. Patrick’s Day a highly profitable occasion for bars and restaurants. The holiday’s popularity is rising, according to the National Retail Federation: Americans spent nearly…

Lawsuits Total $6 Million When Salmonella Sickens 20 Restaurant Goers

Nashville restaurant Milk and Honey faces more than $6 million in damages from four separate lawsuits alleging at least 20 patrons were sickened by short rib gnocchi served at the restaurant on August 3 and 4, 2018. The gnocchi contained what the USDA determined were Salmonella-contaminated eggs from Alabama-based supplier Gravel Ridge Farms. The lawsuits…

Million-Dollar Red Carpet Gems Require Unique Protection

This Sunday movie A-listers from around the world will promenade down the red carpet for the 91st Academy Awards, sporting garments created by a who’s who of designers, established and ascending. Designers and dealers vie for the coveted honor of outfitting celebrities with their jewelry and watches. One report estimated the total value of jewelry and…

From Motorcycles to Life-Saving Devices, 3D Printing Full of Promise and Risk

Every day, it seems, brings news of another milestone achieved thanks to 3D printing. Just last month doctors at Penn State Children’s Hospital surgically implanted a 3D-printed esophageal “splint” in 13-month-old Ramiah Martin, who was born without a trachea and with a malformed esophagus. Digital manufacturer Carbon and football helmet designer Riddell recently announced plans…

Lawsuit Claims Purdue Pharma Made Billions from Opioid Crisis, Putting Company and its Officers at Risk

From 2008 to 2016 the Sackler family, which controls Purdue Pharma, received more than $4 billion in profits by aggressively marketing and selling OxyContin, despite several lawsuits and full awareness of the drug’s highly addictive properties, according to a lawsuit filed by Massachusetts Attorney General Maura Healey on January 31. The lawsuit alleges members of…

Car Subscription Services Designed for Evolving Consumer Needs

As the North American International Auto Show kicks off next week in Detroit, one of the more talked about trends in the automotive industry is the growth in interest and investment in vehicle subscription services. These services are considered the “Netflix model of vehicle ownership and usage:” consumers pay anywhere from a few hundred dollars…

Vulnerability of Cryptocurrencies a Threat to Businesses

Retailers are increasingly accepting cryptocurrencies as a form of payment for goods and services, but the volatile nature of the currency puts these businesses at risk. The fluctuating value of cryptocurrencies like bitcoin could lead to overnight double-digit increases or decreases in currency value. Bitcoin, the most popular and widely used type of cryptocurrency, saw…

Protecting Your High-Value Holiday Gifts From Theft, Damage

‘Tis the season of giving — and high-value gifts Consumers were projected to spend more than $720 billion over the holidays this year, according to the National Retail Federation. While the majority of that spending likely falls into the stocking stuffer category, The Robb Report listed a $6 million pair of pear-shaped Jacob & Co….

Insuring Santa Claus

From his bustling workshop to his nine loyal reindeer, Santa Claus operates one of the most complex enterprises in the world. That level of global intricacy requires an expert review of risk management strategies. “There are a number of insurance products that I would think Santa would have in place,” said Chris Zoidis, Corporate Executive…

California Utility Accused of Starting Deadly Camp Fire

Recent wildfires in California have resulted in a financial catastrophe that U.S. Interior Secretary Ryan Zinke estimated will cost billions of dollars. Now a lawsuit suggests that one of the state’s largest utilities may be responsible for starting the Camp Fire that killed 86 and displaced 50,000 from their homes in November because of a poorly…

Purdue Clock Nearly Crushing Workers Illustrates Crane Exposures

A bell tower clock face undergoing maintenance at Purdue University crashed to the ground last week, nearly hitting two workers on a cherry picker lift. Incredibly, no one was injured in the incident, which was captured on a video that went viral over the weekend. The contractor hired to perform the maintenance, Verdin Company, is……

43 People in 12 States Sickened by E. Coli Outbreak

When the Centers for Disease Control (CDC) issued a stark warning just before Thanksgiving about E. coli and romaine lettuce, restaurants and grocers across the country amended menus and pulled the produce from shelves. In the days since that warning, the CDC has said the lettuce is likely safe to eat, as long as it……

Turkey Frying Missteps Can Cause Property Damages, Death

With Thanksgiving this week, it’s time to talk turkey. Frying a turkey, that is. Colonists and Americans have been celebrating Thanksgiving with a turkey dinner for centuries, but the practice of frying a turkey for dinner is a recent one. “There’s not a juicier, more flavorful turkey anywhere,” said Bill Gatewood, Corporate Vice President and……

Largest Living Insect Heist Sparks Risk Conversation for Museums

When thieves stole 7,000 rare insects, snakes and reptiles from a Philadelphia museum in August, they forced the closure of two entire floors of the museum while it tried to replenish its $40,000 collection. Museum officials called the theft of zebra tarantulas, rhinoceros roaches and other exotic creatures the “largest living insect heist” in history…….

How to Protect a James Bond-Style Ride

Aston Martin recently announced it would make 25 continuation versions of the DB5 that appeared in the 1964 James Bond film “Goldfinger.” They will be priced at $3.1 million each with deliveries beginning in 2020. Porsche’s Project Gold 993 recently sold for $3.1 million at auction, making it the most expensive 993 Turbo ever. These…