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Video: State of Commercial Excess & Surplus Marketplace
The Commercial E&S market is stabilizing, according to Bob Quillman, Regional Vice President, Burns & Wilcox, Dallas/Ft. Worth, Texas. Watch this short video clip for insights into what contributes to this stabilization and areas of opportunity. https://vimeo.com/1020758220/5c48e5c240?share=copy For more insights, watch the full recording here.
Webinar: P&C Market Outlook Q4 2024
While we are experiencing more stabilization, some hard sectors remain as carriers continue to revise their appetites. Watch our P&C webinar for insights into the current state of the market, what is expected for the rest of the year and what 2025 may hold. Highlights include: The increasing role of dynamic pricing in Personal Insurance Why some admitted carriers are…
Spike in Burglaries: Cannabis, Jewelry Shops Among Top Targets
A smash-and-grab burglary at a cannabis dispensary in San Francisco, California, in late September left the business with significant property damage and missing merchandise. According to CBS News Bay Area, the burglars pulled open the dispensary’s metal security gates using a chain attached to the back of their SUV and then rammed the vehicle through the store\'s rollup metal door…
Video: E&S Property Market Outlook
What does the future hold for the E&S Property Market? Chris Siegel, Associate Vice President, Managing Director, South Florida, Burns & Wilcox, Orlando, Florida, weighs in on anticipated CAT Insurance pricing and capacity changes. https://vimeo.com/1006987858/2678790cae?ts=0&share=copy
Video: 2024 Wildfire Season Forecast
The 2024 wildfire season has already seen extreme activity. Nick Lauria, Chief Fire Operations Officer, Vice President of Operations, Wildfire Defense Systems, shares what is expected for the rest of the year. https://vimeo.com/1007062516/c3b1f66635?ts=0&share=copy
Commercial Office Space Is Making a Comeback, How Owners Can Protect Their Property
Demand for office space is on the rise, possibly indicating that the bottom of the commercial office space market has passed, and a rebound is underway, Property Casualty 360 recently reported. Data from real estate tech platform VTS shows that demand for new commercial office space started rising in late 2022 and recently hit its 12th consecutive month of year-over-year…
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…
Power Outages Stall Houston Businesses After Beryl, Insured Losses Could Hit $600 Million
Some businesses in Houston, Texas, were still struggling to get back up and running as of mid-July after Hurricane Beryl left many with prolonged power and internet outages, in addition to wind- and water-related property damage. Data from CoreLogic indicates that insured properties and businesses in Harris County could face between $210 million and $600 million in damages from the…
Webinar: P&C Market Outlook – Q3 2024
During this webinar, our expert panel reviewed valuable insights into Q3 2024 and discussed the personal and commercial insurance markets, brokerage and contract binding, and other key topics. Watch now below. https://vimeo.com/982781651/ca925a19f8
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…
Video: Commercial Insurance Overview
During this webinar, our own Doug Legters provided updates on the Commercial Insurance Market. Watch a highlight from the discussion below. https://vimeo.com/932659555/6f9742c648?share=copy
Video: Property & Casualty Market Outlook
During this webinar, our own Bonnie Steen provided updates on the P&C Market. Watch a highlight from the discussion below. https://vimeo.com/932655131/346bf382e0?share=copy
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