Intel

Inside This Article: A fire erupted in the kitchen of a Cheesecake Factory in Seattle, Washington, on April 19, quickly spreading to the building’s ventilation system. More than 100 firefighters responded to the fire, which investigators said was caused by a fryer. Structure fires are a serious risk for restaurants, causing an average of $165 million in damages per…

Inside This Article: A mysterious object crashed through the roof of an auto shop in New Jersey on April 9, causing substantial damage. The incident was captured on surveillance cameras and described by witnesses as a “giant fireball” followed by a loud boom, fueling concerns about the dangers of falling objects after previous drone sightings around the state. A…

Key Takeaways: Rates are beginning to stabilize or even decline in some non-CAT areas. Market capacity remains healthy, particularly in non-admitted spaces, although often through layered placements, which are becoming more common. Carriers are increasing reliance on exclusions and higher deductibles to manage risk. Wildfire and convective storm risks are driving significant change in both Personal and Commercial Insurance.…

The Property & Casualty (P&C) insurance landscape is evolving, shaped by shifting market conditions, emerging risks, and changing carrier appetites. Watch the Burns & Wilcox P&C Market Outlook Q2 2025 webinar replay to gain valuable insights from industry leaders on the latest trends across the Commercial, Personal, and Professional Liability Insurance markets, including: Strategies for brokers and agents to succeed…

Inside This Article: Heavy rains were likely to blame for a third-floor balcony collapse in Los Angeles involving four individuals and a dog. Balcony collapses are rare but can also happen when structural integrity is compromised due to age, poor construction or overloading. Such incidents at housing complexes can cause catastrophic injuries, potentially leading to lawsuits and significant repair…

Inside This Article: A $125,000 Bobcat skid steer was stolen from a plumbing and general construction business in Detroit leaving a “heartbreaking” loss for the small business. Construction thefts are on the rise and may be more likely to occur when equipment is left unattended at jobsites overnight. Insurance policies that can help construction companies recover from theft include…

Bars, restaurants, and other hospitality businesses are increasingly seeking insurance coverage from Excess and Surplus (E&S) markets, particularly for Liquor Liability. Watch our latest webinar for insights on: Factors prompting admitted carriers to withdraw from the hospitality sector. Common exclusions in policies that can lead to significant coverage issues during claims. The importance of aligning a business’s social media posts…

Incidents involving vacant homes are on the rise in Terre Haute, Indiana, especially amid frigid winter weather, as empty homes in the city are increasingly being used for shelter, drugs or theft, WTWO News reported recently. The trend is mirrored in other parts of North America. For example, an uptick in fires at vacant properties in Albany, New York, is…

OVERVIEW California Wildfires While this report highlights the growth in E&S policies and other trends in the Property & Casualty (P&C) sector as we enter 2025, we must first address the devastating wildfires in southern California, which have significantly impacted the industry and local communities. Current estimates suggest these wildfires have caused $25…

The wildfires in Southern California have deeply affected countless individuals, underscoring the devastating consequences of severe weather conditions. Our thoughts are with those impacted and the first responders working tirelessly to safeguard lives and communities. In our regularly scheduled Eye on 2025: Property and Casualty (P&C) webinar, our expert panel expressed their support for those affected by the wildfires and…

The Commercial E&S market is stabilizing, according to Bob Quillman, Regional Vice President, Burns & Wilcox, Dallas/Ft. Worth, Texas. Watch this short video clip for insights into what contributes to this stabilization and areas of opportunity. https://vimeo.com/1020758220/5c48e5c240?share=copy For more insights, watch the full recording here.

While we are experiencing more stabilization, some hard sectors remain as carriers continue to revise their appetites. Watch our P&C webinar for insights into the current state of the market, what is expected for the rest of the year and what 2025 may hold. Highlights include: The increasing role of dynamic pricing in Personal Insurance Why some admitted carriers are…