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Trucking Industry Imperiled by Spike in ‘Nuclear Verdicts’

Trucking Industry Imperiled by Spike in ‘Nuclear Verdicts’

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% between 2010 to 2018, soaring…

Upcoming Webinars

Upcoming Webinars

Carrier Q&A with Accredited America Tuesday, May 11, 2021 at 1:30 PM ET Please join us for a discussion with Patrick Rastiello, President and CEO, Accredited America. Hosted by Paul Smith, Corporate Senior Vice President, Carrier Relations, H.W. Kaufman Group. REGISTER NOW

Property & Casualty 2021 Q1 Market Overview & Q2 Forecast

Property & Casualty 2021 Q1 Market Overview & Q2 Forecast

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 impact resulted in over 170…

Driving through the Transportation Market: Challenges and Conditions

Driving through the Transportation Market: Challenges and Conditions

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 https://vimeo.com/540672001/1c3eb82e39

Piney Point Wastewater Cleanup Near Tampa Bay Could Cost $200 Million

Piney Point Wastewater Cleanup Near Tampa Bay Could Cost $200 Million

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 2001, has been a source…

$45 Billion in U.S. Cannabis Sales Expected by 2025, Says Industry Report

$45 Billion in U.S. Cannabis Sales Expected by 2025, Says Industry Report

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 the Factbook reporting 100 percent…

Eye on Q2: Specialty Insurance Overview

Eye on Q2: Specialty Insurance Overview

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 https://vimeo.com/534601820/0a594f3e59

Ask the Expert Q&A: Construction Insurance

Ask the Expert Q&A: Construction Insurance

COVID-19’s impact on the Canadian construction industry has been substantial; to learn more about current challenges facing construction companies and how Construction Insurance can help address them, we spoke with Steven Hrab, Director, Construction, Burns & Wilcox, Toronto, Ontario. What are the greatest risks facing companies in Canada’s construction industry? S.H.: Global lockdowns are currently the greatest challenge facing the…

President Biden’s Dog ‘Major’ Involved in Second Biting Incident

President Biden’s Dog ‘Major’ Involved in Second Biting Incident

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. The incident has dominated national…

Cargo Ship Blocks Suez Canal for Nearly a Week, Spotlighting Trade Vulnerabilities

Cargo Ship Blocks Suez Canal for Nearly a Week, Spotlighting Trade Vulnerabilities

The MV Ever Given, a massive cargo ship that gained notoriety for running aground amid high winds on March 23 and completely blocking the Suez Canal, was finally freed on March 29. Salvage and dredging crews labored for days before successfully re-floating the vessel, aided by a full moon and high tide. The nearly quarter-mile-long ship was reportedly carrying 20,000…

Prolonged Pandemic Strains Health Care Providers, Heightens Error Risks

Prolonged Pandemic Strains Health Care Providers, Heightens Error Risks

More than a year into the COVID-19 pandemic, the relentless pressure on health care workers continues to exact a toll. Just this month, dozens of nurses at St. Vincent Hospital in Massachusetts went on strike to protest staffing shortages; a physicians union in Washington state staged protests over alleged safety violations and staffing shortages; and a national nurses union raised…

Popular ‘Vaccine Selfies’ Pose Cybercrime Risks, Experts Warn

Popular ‘Vaccine Selfies’ Pose Cybercrime Risks, Experts Warn

Data security experts are sounding the alarm to warn those engaging in the latest social media trend of sharing celebratory COVID-19 “vaccine selfies” depicting themselves holding their Centers for Disease Control and Prevention vaccination record card. Including these records in such photos, experts caution, could expose the kind of information—such as full name and date of birth—criminals use to commit…

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