Happy National Insurance Awareness Day from Burns & Wilcox
In recognition of National Insurance Awareness Day, we are rounding up the top intel from Q2. Our experts provide their insight on numerous specialty insurance topics and industries ranging from Commercial Casualty, Residential Property, Construction, Manufacturing & Distribution, and more.
See what's trending now below:
1. Commercial/Personal
While the number of dog bite claims has dipped, the cost of dog bite claims has been growing significantly, new data from the Insurance Information Institute shows. Last year, the number of claims decreased 2.2%, but claim costs grew 32% to a per-claim average of $64,555, Property Casualty 360 recently reported.
Featuring experts Chanon Murphy , Ryan Short , and Michelle Allemang
2. Construction
As cranes and scaffolding dominate skylines in major cities across the U.S., it is clear that the construction industry is bustling in many areas. Learn how Construction Insurance helps protect construction companies in the latest Burns & Wilcox Ask the Expert Q&A.
Featuring expert Nicholas Freeman
3. Flood
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Even before Hurricane Ian punctuated another active storm season in late 2022, Flood Insurance was amid a hard market. The hard market has been a result of several factors, including post-pandemic inflationary pressures, causing carriers to reduce their catastrophic exposure or exit the market altogether.
Featuring experts Brad Turner and Jacob Martin
4. Manufacturing & Distribution
Peloton is recalling nearly 2.2 million exercise bikes after receiving 35 reports of seat posts unexpectedly breaking during use, the company announced on May 11. The voluntary recall can be remedied with a free updated seat post that users can self-install. Customers are asked to immediately stop using their affected bikes until the update is completed.
Featuring experts Steve Bartell and Derek Kilmer
5. Transportation
During this webinar, our experts gathered for a discussion on the current state of the Transportation Insurance Market. Watch as our panel discusses the competitive landscape, challenges, opportunities, and tips for agents and brokers.
Featuring experts John Woods , John L. McGlynn , Tyler Myers , and Courtney Galle, TRS
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