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P&C Report: 2024 Q3 Outlook

P&C Report: 2024 Q3 Outlook

The term “equilibrium” is increasingly being used within insurance circles to describe certain sectors moving toward a state of balance in terms of rates versus supply, terms and conditions. It suggests a growing opinion among industry leaders that Property and Casualty (P&C) is largely in a healthy place. This is true even after a decade-long period characterized by costly CAT…

New York Construction Sites Show Spike in Work-Related Injuries

New York Construction Sites Show Spike in Work-Related Injuries

Work-related fatalities at New York City building construction sites reached their lowest point in almost 10 years in 2023, according to new data from the city, but work-related injuries jumped 25%, Safety+Health magazine reported on May 23. The Department of Buildings\' annual Construction Safety Report indicated that there were 841 building construction-related incidents, 692 injuries and…

P&C Report: 2024 Q2 Outlook

P&C Report: 2024 Q2 Outlook

Following several years of double-digit rate increases and restrictive adjustments to Terms and Conditions (T&C), the Property Insurance sector has reached a point of relative stability. Rates are largely modest as insurers secure the required premium, now applying rates against a proper exposure basis—Insurance to Value (ITV). With few exceptions of traditional CAT-prone perils in specific geographies, most carriers are…

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As hurricanes continue to impact parts of our country, Burns & Wilcox is prepared to support you and your clients.

We care about the safety of you and your team, family, and clients. We also want to reassure you that we are here to help with our claims team.

It is our commitment to provide industry-leading claims service and reporting. Our in-house claims team acts as an advocate for brokers, agents, and insureds. This helps make the claims process run as smoothly as possible.

Burns & Wilcox would like to reiterate that we are here to assist you throughout the claims process as much as we can. If you need any assistance related to one of your insured's claims, we are here to support you.

Email new claims reports to [email protected] or visit our website to learn more burnsandwilcox.com/claims.