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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…

Insuring Your Kids’ King-Sized Halloween Haul

With U.S. spending on Halloween candy projected to reach $2.6 billion this year, and Canada expected to surpass $1 billion, 2018 will likely be a record season for trick-or-treaters across the country. A Confectionery Indemnification Policy (CIP) can help protect that bumper crop of candy. This new policy is available for kids ages 5 to 12, with consent…

Cannabis: A Growing Risk

Between the national legalization of recreational marijuana use in Canada effective October 17 and the ongoing state ballot proposals related to public consumption in the U.S., cannabis remains one of the most debated topics for consumers and business owners today. Many Canadian businesses have already begun to make edible cannabis products even before those types…

Senior Living Facilities Face Lawsuits in Aftermath of Hurricane Irma

A 90-year-old mother tragically passed away in the days following Hurricane Irma’s landfall in Florida last summer. According to a wrongful death lawsuit filed against an assisted living facility last week, her son states the facility failed to provide a safe and comfortable living environment—claiming its air conditioning and other mechanical systems failed after the…

Camera-Managed AmazonGo Stores Prime Target for Cyber Breach

Amazon has been using software applications to follow and understand its customers for a decade. It has been using its virtual assistant, Alexa, to listen to its customers for the past two years. And now, through its AmazonGo stores, it will use a network of sensors and cameras to watch its customers. Last week, Bloomberg…

How to Protect Business Income as Hurricane Florence Approaches

More than 1 million Americans have been directed to evacuate their homes and businesses along the East Coast this week as Hurricane Florence moves toward the Carolinas. Thousands of businesses may not be operating for an extended period of time depending on the extent of damage from the storm. When a major hurricane such as…

Why Renting Out Your Swimming Pool Might Not Be Worth the Risk

Renting out your swimming pool can provide additional income given the opportunities provided by today’s sharing economy. The website Swimply functions like the aquatic equivalent of Airbnb or HomeAway for pools. It offers a digital marketplace for homeowners to rent out their pool by the hour. Rentable pools are available in at least 18 states….

California Kidnapping, $2 Million Ransom Shows Need for Protection

A California man who owns a luxury car dealership remains missing after he was abducted by three men in July near Los Angeles, California, according to authorities. His captors have demanded $2 million in ransom. The kidnappers reportedly contacted missing entrepreneur Ruochen “Tony” Liao’s family in China to demand the ransom. The captors did not…

Burns & Wilcox Announces Official Sponsorship of Detroit Red Wings Alternate Captain Justin Abdelkader

DETROIT (February 27, 2018) – Burns & Wilcox, North America’s leading wholesale insurance broker and underwriting manager, today announced its official sponsorship of Justin Abdelkader, alternate captain and left wing of the 11-time Stanley Cup Champion Detroit Red Wings. “Justin Abdelkader’s leadership on and off the ice match the distinctive, competitive qualities of the more…

Commercial Marine Insurance: Comparing Cruise Ships to Local Ferries

The cruise ship industry sees nearly $38 billion in revenue annually around the world, with more than $15 billion invested into new cruise ships. Ferries, cruise ships, and other passenger vessels are a much different exposure than cargo ships that carry dry cargo, not people. Accidents and catastrophic mechanical failures with passenger vessels often result…

Burns & Wilcox Extends and Expands Golf Sponsorship with Former U.S. Open Winner Webb Simpson

Farmington Hills, Mich. (July 19, 2017) – Burns & Wilcox, North America’s leading wholesale insurance broker and underwriting manager, officially announced today that it will extend and expand their golf sponsorship deal with 2012 U.S. Open winner Webb Simpson. Simpson’s expanded sponsorship with Burns & Wilcox will kick off this week during The 146th Open at Royal…

H.W. Kaufman Financial Group and Burns & Wilcox Canada Acquire High-Value Homeowner’s Practice from Quebec-Based XN Financial Services, Inc.

Farmington Hills, Mich. (January 31, 2017) – H.W. Kaufman Financial Group and Burns & Wilcox Canada announced today they have acquired the high-value homeowner’s insurance practice from Quebec-based XN Financial Services, Inc. (XN). XN is a subsidiary of The Henner Group, one of France’s leading insurance specialists offering solutions for individuals and companies. XN is…