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Booming Real Estate Market Could Mean Increased Error Risk for Agents

Booming Real Estate Market Could Mean Increased Error Risk for Agents

A real estate agent and realty company are being sued for their handling of a $4.6 million home sale in Sarasota, Florida. According to a report in the Sarasota Herald-Tribune, a man who wanted to buy the Bird Key neighborhood property but whose offer was not chosen is accusing real estate agent Roger Pettingell and Coldwell Banker Realty of manipulating…

Restaurants & Bars Insurance Coverage

Restaurants & Bars Insurance Coverage

In this webinar, our experts joined for a discussion on Restaurants and Bars, including: state of the industry, current insurance market conditions, tips for brokers and agents, and specialty solutions. https://vimeo.com/605080138/4da76097ec

Hurricane Ida Linked to Over 2,000 Water Pollution Reports

Hurricane Ida Linked to Over 2,000 Water Pollution Reports

An 11-mile-long oil slick in the Gulf of Mexico is one of more than 2,000 reports of water pollution being investigated by authorities in Louisiana after Hurricane Ida tore through the state on Aug. 29. The ruptured pipeline is located just south of oil and gas hub Port Fourchon, where the Category 4 storm caused significant damage and forced the…

Upcoming Webinars

Upcoming Webinars

Eye on Q4: Specialty Insurance Overview Thursday, October 7 at 1:30 PM ET Please join us for an outlook into the fourth quarter of 2021. Featured Experts: Bryant Steele, Associate Vice President, Managing Director, Burns & Wilcox, Chicago, IL Timothy Donnellon, Senior Broker, Environmental, Burns & Wilcox, Charleston, SC Teresa Cowper, Broker, Property, Burns & Wilcox Brokerage, Atlanta, GA Hosted…

Navigating the Commercial Property Market

Navigating the Commercial Property Market

Our experts met for a discussion on Commercial Property, including the current trends impacting the property market across the U.S. and Canada. https://vimeo.com/580897816/ad93c6b121

Catastrophic Flooding Claims Lives, Washes Away Homes in Middle Tennessee

Catastrophic Flooding Claims Lives, Washes Away Homes in Middle Tennessee

At least 22 individuals were killed and many more remained missing after a flash flood ravaged the rural town of Waverly, Tennessee on Aug. 21. The sudden torrent of rain — estimated at 17 inches, likely setting a state record — swept away vehicles, tore homes off their foundations and crumbled roads and bridges. By Aug. 23, officials were reportedly…

Sustained Labor Shortages Increase Liability Risks to Businesses

Sustained Labor Shortages Increase Liability Risks to Businesses

As labor shortages continue across the U.S., multiple industries are feeling the impact. Recent news reports describe hospitals in Virginia cross-training employees amid a shortage of nurses and other staff, hotel workers in Idaho switching between front desk work and housekeeping duties, and Texas schools starting the new term without enough teachers or bus drivers. The ongoing lack of workers…

Commercial Property Insurance Market Overview

Commercial Property Insurance Market Overview

The Commercial Property Insurance market in the U.S. and Canada is continuing to experience tightening of capacity and rising premiums, although rates are not increasing at the rate of Summer/Fall 2020, according to a group of industry experts with Burns & Wilcox. This means brokers need to provide all the documents necessary for renewal or new policies to ensure they…

108 Wildfires Rage Across U.S. as Fires Leave More Homeowners Vulnerable

108 Wildfires Rage Across U.S. as Fires Leave More Homeowners Vulnerable

At least 108 active wildfires were burning in the U.S. as of Aug. 10, involving over 2.4 million acres of land in 15 states. The Bootleg Fire in Southern Oregon has burned more than 400,000 acres since it was ignited by lightning on July 6 and although it was 98% contained as of Aug. 10, officials said it was nowhere…

Report: U.S. Cannabis Sales Could Exceed $30 Billion By 2022

Report: U.S. Cannabis Sales Could Exceed $30 Billion By 2022

Legal cannabis sales in the U.S. could exceed $30 billion by 2022, marijuana analytics company Headset recently projected in an updated long-term forecast. It is an increase in estimated sales from the Seattle-based firm’s previous report, released in April, that showed the U.S. market reaching $28 billion in yearly sales by 2022. The change reflects new recreational or medical marijuana…

Transportation Insurance Market Overview

Transportation Insurance Market Overview

The Transportation Insurance industry remains entrenched in a decade-long hard market in the commercial auto segment while carriers remain as diligent as ever in their risk selection procedures. The segment experienced $4 billion in losses in 2019, and while that expectation is that losses were lower in 2020 because of the pandemic, it hasn’t slowed the long-term trend. Simultaneously, rates…

‘Airbnb for Backyard Pools’ Trend Raises Liability Flags for Homeowners

‘Airbnb for Backyard Pools’ Trend Raises Liability Flags for Homeowners

An increasing number of homeowners are renting out their backyard pools to earn extra cash, the Wall Street Journal recently reported. At least 13,000 pool owners in the U.S. have signed up to rent out their pools by the hour through Swimply, an online platform that launched in 2020, while others are offering their swimming pools for rent on a…

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