Please type in your search term to see relevant results.
Search Results for
‘Airbnb for Backyard Pools’ Trend Raises Liability Flags for Homeowners
07.28.21
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 […]
Intel
Upcoming Webinars
07.28.21
High-Net-Worth Solutions Thursday, August 19 at 1:30 PM ET Join our experts for a discussion on High-Net-Worth Solutions, including the state of the market, challenges, and specialty solutions. Featured Experts: Heather Posner, Managing Director, Burns & Wilcox, Cleveland, OH Sarah Chandonnet, Manager, Personal Insurance, Burns & Wilcox, Detroit/Farmington Hills, MI Dan Verdun, Senior Underwriter, Personal […]
Intel
Neutrogena, Aveeno Sunscreens Recalled After Carcinogen Found in Samples
07.21.21
A variety of Neutrogena and Aveeno sunscreen sprays are being recalled by Johnson & Johnson after trace amounts of benzene, a known carcinogen, were found in samples of the products. The voluntary recall announced July 14 affects five sunscreens that were distributed nationwide and packaged in aerosol cans. The company and the FDA are now […]
Intel
Property & Casualty 2021 Q2 Market Overview & Q3 Forecast
07.21.21
By Paul G. Smith, Corporate Senior Vice President, Carrier Relations, H.W. Kaufman Group As the world begins to emerge from the COVID-19 pandemic, it is abundantly clear, the “new normal” will reshape all of our organizations. One of our many goals is to keep you updated on the rapidly evolving insurance marketplace where adjustments have […]
Intel
Dozens of Lawsuits Filed After Condo Collapse in Florida
07.14.21
The sudden collapse of the Champlain Towers South condo building in Surfside, Florida on June 24, which tragically caused at least 95 deaths and left 14 residents still missing, has prompted multiple lawsuits against those involved in the beachside residence’s construction and maintenance. As of July 10, at least a dozen suits had been filed […]
Intel
Ask the Expert Q&A: Commercial Property Insurance
07.12.21
Fire, water intrusion, and on-site accidents are among the common perils threatening commercial properties on a regular basis. To learn more about Commercial Property Insurance, Crain’s Content Studio spoke with Tyson Peel, Vice President and Director, Property & Casualty, Burns & Wilcox Canada, Toronto, Ontario. What are the greatest risks for commercial property owners today? […]
Intel
Restaurant Labor Shortages Strain Recovery Efforts, Escalate Risks
07.06.21
Despite moderately increased sales and rising consumer confidence in the safety of dining out, restaurants in the U.S. and Canada are still facing a major hurdle in their efforts to reopen: they do not have enough workers. Restaurants employed 1.5 million fewer workers in May of this year compared to pre-pandemic levels, TIME magazine recently […]
Intel
Burns & Wilcox Safety and Contingency Planning Update
07.01.21
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 […]
Newsroom
Customer Sues McDonald’s Over Voice Recognition Technology
06.30.21
A new lawsuit against McDonald’s accuses the company of violating an Illinois privacy act by using voice recognition technology on customers without their consent. Shannon Carpenter reportedly had his drive-thru order taken by the artificial intelligence-based voice assistant program Apprente — an automated system being tested at 10 McDonald’s stores — when he visited the […]
Intel
Six Flags Ride Accident Demonstrates Liability Risk of Summer Fairs and Events
06.23.21
Two amusement park visitors were taken to the hospital on June 13 after a ride malfunction at Six Flags Great Adventure in Jackson Township, New Jersey. The incident happened on the Saw Mill Log Flume ride when one of its boats nearly tipped over after making a four-story descent into the water. The 18- and […]
Intel
Fire at Historic Mackinac Island Home Causes $1 Million in Damages
06.09.21
A historic home on Michigan’s famed Mackinac Island caught fire on May 30, leaving more than $1 million in damages to the 120-year-old cottage. No one was injured in the blaze, which was reportedly caused by a chimney failure that occurred about two hours after a fireplace was lit on the home’s first floor. Fire […]
Intel
Workers Injured as Metal Beams Fall ‘Like Dominoes’ at Construction Site
06.01.21
Two workers narrowly avoided serious injuries after being thrown from horizontal metal beams at a construction site on the Boston University campus May 14. The accident happened when a steel column fell to the side, causing the adjacent beams to topple “like dominoes” and partially collapse the steel frame of what is slated to become […]
Intel
Ask the Expert Q&A: Errors & Omissions Insurance
06.01.21
Professional errors are a risk in any industry and can lead to severe financial loss. To learn more about the Errors and Omissions (E&O) Insurance, we spoke with Kenneth Labelle, Broker, Professional Liability, Burns & Wilcox Brokerage, Chicago, Illinois. What are the greatest risks related to Errors & Omissions? K.L.: There are hundreds of different […]
Intel
Construction Defects Lawsuit Leads to $17.5 Million Settlement for Condo Association
05.26.21
The homeowner’s association for a luxury, oceanfront condo tower in Florida recently settled its construction defects lawsuit against the tower’s developer, contractors and architect for $17.5 million. The Regalia on the Ocean Condominium Association in Sunny Isles Beach filed the lawsuit in 2018, alleging construction flaws including improperly-installed pool joints, unsafe steam rooms and problems […]
Intel
Colonial Pipeline Ransomware Attack Exposes Severity of Cyber Threats
05.19.21
The ransomware attack that shut down one of the largest fuel pipelines in the U.S. and set off gas shortages and panic-buying is indicative of the growing cyber risk threatening American infrastructure, experts said in a recent USA Today report. Colonial Pipeline Co., which moves 2.5 million barrels of petroleum each day, was forced to […]
Intel
Billion-Dollar Hail Loss Underscores Risk of ‘Unpredictable’ Severe Weather
05.11.21
Parts of Texas and Oklahoma are still assessing the toll of destruction after hail reportedly as large as softballs left swaths of damages to homes, cars and other property on April 28. The day was expected to be declared a “billion-dollar hail loss day” in the U.S.: according to the federal Storm Prediction Center, there […]
Intel
Trucking Industry Imperiled by Spike in ‘Nuclear Verdicts’
04.28.21
Jury awards that exceed $10 million, also known as “nuclear verdicts,” are on the rise in the trucking industry and could make it more difficult for transportation companies to stay in business, CNBC recently reported. According to a 2020 report from the American Transportation Research Institute, the average U.S. trucking industry lawsuit verdict increased 967% […]
Intel