Intel

Key Takeaways: The Cyber Insurance market remains highly competitive, with stable pricing and abundant capacity, though underwriting scrutiny is increasing for certain industries and higher-risk accounts. AI is making cyberattacks more scalable and difficult to detect while creating new liability and coverage considerations across multiple lines of business. Privacy litigation is increasing as AI makes it easier to identify…

Inside This Article: The city of Troy, New York, recently approved a $2.75 million settlement for a former physician who was struck by a city-operated dump truck. The city will reportedly pay $1 million of the settlement, and its insurer will cover the remaining $1.75 million, according to reports. Accident-related liability claims can be covered by Transportation Insurance policies…

Inside This Article: A California landlord faces lawsuits from the city of Oakland and seven tenants after both elevators at a six-story apartment building were out of service for 52 consecutive days. The lawsuits also allege pest issues and other safety hazards that affected elderly and disabled residents. Lawsuit-related expenses could be covered by Commercial General Liability (CGL) Insurance, Excess Liability…

Short-term and vacation rentals can create unique coverage considerations. In this clip from our recent Hospitality Insurance webinar, Nick Caletri, Senior Underwriter, Commercial Insurance, Burns & Wilcox, New Orleans, LA, explains how factors such as occupancy, ownership structure, and carrier guidelines can influence whether a risk is placed in the personal or commercial market. https://vimeo.com/1219665578/26c42ac678?share=copy&fl=sv&fe=ci

New hospitality trends are bringing new liability concerns. In this short clip from our recent Hospitality Insurance webinar, Ashley Poe, Associate Managing Director, Underwriter, Commercial Insurance, Burns & Wilcox, Charlotte, NC, explores how CBD and THC beverages, virtual reality attractions, and other emerging exposures are reshaping risks in the hospitality industry and creating important coverage conversations for brokers and agents. https://vimeo.com/1219667793/9b5e39e769?share=copy&fl=sv&fe=ci

Opportunities are emerging in the hotel sector. In this clip from our recent Hospitality Insurance webinar, Nicholas Enriquez, Associate Managing Director, Burns & Wilcox Brokerage, Scottsdale, AZ, discusses renewed carrier appetite for hotel risks, key underwriting considerations, and what brokers and agents should watch as market conditions evolve. https://vimeo.com/1219665964/c0bd9c711f?share=copy&fl=sv&fe=ci

Hospitality risks remain among the most challenging classes to place due to evolving liability exposures, capacity constraints, and varying underwriting requirements across jurisdictions and risk profiles. In this webinar, Burns & Wilcox experts discuss market conditions, Liquor Liability, and emerging exposures such as CBD and THC beverages, virtual reality venues, guest safety risks, and vacation rentals. They also share risk management best practices and submission strategies that…

Inside This Article: A recent crane collapse at a Fort Lauderdale YMCA construction site sent equipment partially into the road just feet from a passing driver. Improperly secured loads, inadequate crane stabilization, loads near or above capacity, and wind are among the most common conditions that contribute to crane incidents. Damage to the project or surrounding property can lead to costly…

Inside This Article: A cyclosporiasis outbreak reportedly involving Taylor Farms lettuce served at Taco Bell has prompted multiple lawsuits. The outbreak has surpassed 22,000 confirmed or suspected cases across 47 U.S. states. Products Liability Insurance can help protect businesses against covered claims alleging bodily injury caused by contaminated food. Companies that produce or sell food are also encouraged to purchase Product…

Inside This Article: Demand for senior care is rising as the number of older adults grows. Recent data shows that senior care claims are becoming more costly and taking longer to resolve. Professional Liability Insurance and Commercial General Liability (CGL) Insurance can respond to claims involving resident injuries and other incidents. Proactive risk management and working with a specialized insurance broker can help…

Key Takeaways Rate trends are diverging across the Property & Casualty (P&C) marketplace, with rapidly decelerating Property pricing and continued moderation in most Liability lines. Property market conditions continue to improve, supported by recent mild catastrophe activity and favorable outcomes from the July 1 reinsurance renewals, although pricing and capacity remain highly sensitive to regional weather patterns and future catastrophic events. …

Inside This Article: Two major warehouse fires that erupted in California within the span of a week caused significant physical damage and raised environmental concerns. Officials are investigating the causes of both fires as cleanup efforts move forward. Property damage, business interruption, and environmental impacts can be covered by insurance policies including Commercial Property Insurance and Site Pollution Liability Insurance. Accurate property…