Intel

Inside This Article: Heavy rains were likely to blame for a third-floor balcony collapse in Los Angeles involving four individuals and a dog. Balcony collapses are rare but can also happen when structural integrity is compromised due to age, poor construction or overloading. Such incidents at housing complexes can cause catastrophic injuries, potentially leading to lawsuits and significant repair…

INSIDE THIS ARTICLE: A couple sued a restaurant chain in Texas, claiming injury and mental anguish after a glass window shattered into their booth. Failure to properly maintain the 50-plus-year-old windows factored into $4 million in damages awarded by jury. Increasing litigiousness highlights risks of inadequate Commercial General Liability (CGL) Insurance for businesses. Ramifications of such suits can include…

Bars, restaurants, and other hospitality businesses are increasingly seeking insurance coverage from Excess and Surplus (E&S) markets, particularly for Liquor Liability. Watch our latest webinar for insights on: Factors prompting admitted carriers to withdraw from the hospitality sector. Common exclusions in policies that can lead to significant coverage issues during claims. The importance of aligning a business’s social media posts…

OVERVIEW California Wildfires While this report highlights the growth in E&S policies and other trends in the Property & Casualty (P&C) sector as we enter 2025, we must first address the devastating wildfires in southern California, which have significantly impacted the industry and local communities. Current estimates suggest these wildfires have caused $25…

The wildfires in Southern California have deeply affected countless individuals, underscoring the devastating consequences of severe weather conditions. Our thoughts are with those impacted and the first responders working tirelessly to safeguard lives and communities. In our regularly scheduled Eye on 2025: Property and Casualty (P&C) webinar, our expert panel expressed their support for those affected by the wildfires and…

A catering company in Missouri is facing at least four lawsuits after an E. coli outbreak sickened more than 100 individuals, including multiple students from schools in St. Louis County. The outbreak was initially linked to five different events catered by the company between Nov. 6-9, including two school band events, two funerals and a veterans’ event, KSDK-TV reported. [lgc_column…

The Indianapolis Public Transportation Corporation recently filed a lawsuit against Dallas-based architectural firm AECOM over construction plans that it claims were \"inadequate, inaccurate and defective.\" According to Fox59 News, the lawsuit alleges the architect responsible for the Julia M. Carson Transit Center in downtown Indianapolis did not properly account for the project’s archaeological work, only setting aside five days for…

A potential La Niña event could soon bring wetter weather to parts of the northern U.S. and Canada, the Associated Press recently reported, which goes hand-in-hand with risks for potentially dangerous and costly slip-and-fall incidents. The National Oceanic and Atmospheric Administration’s Climate Prediction Center indicated that there was a 60% chance that a weak La Niña…

Last quarter, we indicated the Property & Casualty (P&C) market had reached a relative level of equilibrium not seen in several years. We defined this as an environment where rates and capacity were relatively stable, and carriers could be profitable. The gradual and consistent shift in business from the admitted to the Excess & Surplus (E&S) market is a transformation…

A three-generation family in Brooklyn, New York, was recently evacuated from their home after city officials determined the building next door was unstable and would need to be demolished. The homeowner, Yvonne Belardo, was notified by firefighters on Sept. 5 that her three-story Bushwick home was at risk because of a construction error at a building site two doors down,…

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.

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…