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$45 Billion in U.S. Cannabis Sales Expected by 2025, Says Industry Report
04.14.21
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 […]
Intel
Eye on Q2: Specialty Insurance Overview
04.14.21
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
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Ask the Expert Q&A: Construction Insurance
04.07.21
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 […]
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President Biden’s Dog ‘Major’ Involved in Second Biting Incident
04.07.21
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. […]
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Burns & Wilcox Safety and Contingency Planning Update
04.01.21
Burns & Wilcox continues to prioritize the health and well-being of our associates, clients and partners, which includes providing ongoing updates on the actions we have taken during the pandemic. In mid-March, Burns & Wilcox moved to a remote operation, with nearly all associates worldwide working from their homes. The transition was smooth, and our […]
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Cargo Ship Blocks Suez Canal for Nearly a Week, Spotlighting Trade Vulnerabilities
03.31.21
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 […]
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Prolonged Pandemic Strains Health Care Providers, Heightens Error Risks
03.24.21
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 […]
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Popular ‘Vaccine Selfies’ Pose Cybercrime Risks, Experts Warn
03.17.21
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 […]
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Clearing the Air on Environmental Risk
03.15.21
Environmental losses, site pollution risks and Environmental Insurance solutions were among the topics addressed in a webinar hosted by Burns & Wilcox. Environmental losses that are not covered by insurance are thought to amount to about $1 billion per year. This is largely because many business owners do not believe they have an environmental exposure; […]
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Burns & Wilcox Inks Sponsorship Deal with Genesis Invitational Champ Max Homa
03.12.21
3rd Party News
Burns & Wilcox Announces New Sponsorship with PGA Golfer Max Homa
03.11.21
Company also extends sponsorship agreements with Webb Simpson and Jimmy Walker Farmington Hills, Mich. (March 11, 2021) – Burns & Wilcox, a globally recognized leader in wholesale insurance brokerage and underwriting, today announced its sponsorship of professional golfer and two-time PGA Tour winner Max Homa. The company is also extending its sponsorships of seven-time winner […]
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Understanding Cannabis Complexities & Changing Market Dynamics
03.10.21
Burns & Wilcox experts take a look into the cannabis market as carrier appetite and capacity shift, along with regulatory changes and trends. During this webinar, we discuss: The current state of the market for U.S. and Canada Product developments and concerns Tips for brokers on how to adapt with changes
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FDA Addresses Concerns Over Toxic Heavy Metals in Baby Foods
03.10.21
On March 5, the U.S. Food and Drug Administration signaled it would soon take steps to prevent or reduce chemical hazards in baby and toddler foods to a level “as low as is reasonably achievable.” The FDA announcement disclosed a letter it sent that same day to manufacturers and processors of baby and toddler food […]
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Consulting Firm Agrees to $1.75 Million Settlement in Water Treatment Plant Suit
03.03.21
A consulting firm will pay $1.75 million to settle claims of breach of contract and professional negligence related to the design and construction of a large, lined pond that was part of a $13 million water treatment plant. The Community Services District of Cambria, California sued the firm, CDM Smith, in 2018, claiming the pond […]
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Upcoming Webinars
03.01.21
Transportation Insurance Thursday, April 22, 2021 at 1:30 PM ET Please join our experts as they discuss the Transportation industry’s growth potential, challenges, and technologies. Hosted by John Woods, Vice President, National Practice Group Leader, Transportation, Burns & Wilcox. Featured Experts: John McGlynn, Director, Transportation, Burns & Wilcox Canada Gene’ Cain, Broker, Transportation, Burns & […]
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Storm Damage Costs Could Be Highest in Texas, U.S. History
02.24.21
The winter storm that knocked out power for millions amid frigid temperatures and spawned a rash of water-related disasters is expected to be the costliest weather event in Texas history. More than a week after the storm began on February 11, a third of Texas residents continued to experience power service disruptions, millions lacked ready […]
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