52-Day Elevator Outage Leads to Lawsuits Against Landlord
Inside This Article:Â 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
Habitational
Habitational
Dedicated, Property Experts to Help Clients Navigate this Challenging Environment
Habitational Insurance has become one of the most difficult insurance segments to market and place. Continued poor underwriting performance has caused many insurance companies to pull out of this area. This has resulted in reduced capacity offerings along with drastic term and rate changes. Unit fires, increased magnitude/frequency of wind/hail/wildfire events and unprecedented winter weather claims have resulted in double-digit or higher rate increases.
To meet these challenges, we established a dedicated group of property specialists who work in this segment daily. Their expertise gives our clients a partner who can help navigate this complex marketplace.
To meet these challenges, we established a dedicated group of property specialists who work in this segment daily. Their expertise gives our clients a partner who can help navigate this complex marketplace.
Recent Habitational Wins |
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$77,900
PROPERTY OWNER WITH 50+ UNITS
$62,300
FOREIGN EMBASSY RESIDENCE
$34,000
OWNER WITH MULTIPLE APARTMENT BUILDINGS
$22,000
CONDO CORPORATION
Areas Of Specialty
Apartment Complexes & Developments
- Risks Up To 500 Total Units
- Single or Multiple Locations
- Buildings of any Height
- New Ventures or Newly Constructed Properties
- Student Housing
- Government Assisted
Condos
- Risks Up To 500 Total Units
- Single or Multiple Locations
- Buildings of any Height
- Owned & Rented Condominium Complexes
Hotels/Motels
- Board/Rooming Houses
- Apartment Hotels
- Hotels
- Motels
- Hostels
Mixed Habitational
- Residential
- Commercial
- Retail
Building Owners
Property Management
- Commercial Property Managers
- Residential Property Managers
- Landlords
Available Products
- Property Coverage
- Liability Coverage
- Excess General Liability or Umbrella
- Excess Coverage
- Builder's Risk
- Security Services
- Environmental Coverage
- Errors & Omissions
- Cyber & Privacy Liability
- Kidnap & Ransom
- Terrorism
- Equipment Breakdown
- Sewer Back-Up
- Crime
Notice
Product Documents
Featured Expert
Tyson Peel
Regional Vice President, Canada Division
Managing Director, Toronto
Managing Director, Toronto
Specialties
- Property (Commercial)
- Casualty (Commercial)
- Hospitality
As Vice President of Burns & Wilcox Canada, Director of Property & Casualty, Tyson is responsible for contract management, product development and underwriting strategy for the company. He has 17…
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Condo Collapse Prompts Evacuation, Inspections of Similar Buildings
Inside This Article: A partial structural collapse at an Illinois condominium complex in early March forced a full evacuation and prompted inspections of nearby buildings. Officials said early findings point
Habitational Market Overview: Property & Casualty Trends
Key Takeaways The Property market is softening: rates are down, terms are broader, deductibles are lower, and capacity is expanding.  The Casualty market remains firm, with rising rates and tighter terms driven by social inflation and nuclear verdicts.Â
Burns & Wilcox have been very responsive to our submissions and have assisted with difficult placements and found creative solutions.
Recent Habitational Wins
$77,900
PROPERTY OWNER WITH 50+ UNITS
$62,300
FOREIGN EMBASSY RESIDENCE
$34,000
OWNER WITH MULTIPLE APARTMENT BUILDINGS
$22,000
CONDO CORPORATION
$19,000
APARTMENT COMPLEX OWNER WITH MULTI-USE UNITS
$12,750
BUILDING WITH 15+ RESIDENTIAL UNITS AND COMMERCIAL RETAIL
$8,450
CONDO CORPORATION
$5,750
15+ UNIT CONDO BUILDING
Eligibility Guidelines
Below are the eligibility guidelines for online binding and issuing Cyber Liability:
– Revenue up to $15M accepted
– 138 Industries Accepted
– Excluded Industries include: adult content, auction sites, data processing, debt collection, direct marketing franchisees, healthcare aggregators, online gambling, payment processors, pos technology, search engines and social media.
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Product Guidelines
Honoring a True Pioneer
A BURNSÂ 
WILCOX ASSESSMENT
Article Title
April 16, 2020
Written by
Denis Brady
PRESIDENT, BURNS & WILCOX BROKERAGE
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“Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt. Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt ut labore et dolore magnam aliquam quaerat voluptatem. Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam, nisi ut aliquid ex ea commodi consequatur? Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum fugiat quo voluptas nulla pariatur?”
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State of the Habitational Market
A BURNSÂ WILCOX ASSESSMENT