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…
Personal
Comprehensive Coverages for your clients’ most treasured and valuable possessions.
From items as big as a home to as small as a pair of earrings, personal insurance makes sure that whatever your client invests in, it will always be protected.Â
We provide comprehensive programs that protect High-Value Homeowners and Hard-to-Place Homeowners alike. Whether it is  personal umbrella, private collections, special events or property coverage, you’ll find a policy to cover any personal risk.
The main reason I would give for working with Burns & Wilcox is the attention to service. In today's very busy world this seems to be a trait that is being overlooked. I find the people that we deal with at B&W take time to listen and ask informed questions which in most cases gets us to a satisfactory conclusion a lot sooner.
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Consumers will spend a record-breaking $6.4 billion on Valentine\'s Day jewelry purchases this year, according to a recent survey from the National Retail Federation. The annual survey shows that total Valentine\'s Day spending in the U.S. will reach $14.2 billion, another record, INSTORE Magazine reported Jan. 30. Although consumers expected to spend an average of…
Many of the primary factors that influenced the status of the Property & Casualty (P&C) market in 2023 are likely to remain in 2024. We continue to operate in a comparatively hard environment marked by rising but moderating rates on some lines of business, where it is often necessary to layer available capacity that includes carefully worded terms and conditions…
During the P&C Market Outlook: Eye on 2024 Webinar on January 4, 2024, our own Bill Gatewood joined us to provide an update on the Personal Insurance market. Watch a highlight from the discussion below. https://vimeo.com/901644448/ae9c319de6?share=copy
During this webinar, our experts Blaise D’Antoni, Bill Gatewood, and Rebecca Roberts met to discuss the factors that will shape the 2024 Property and Casualty market. Paul Smith hosted. Key Takeaways: There is an overall broader sense of optimism in the 2024 commercial property market. It has improved but still has to overcome the significant CAT losses from previous years…
Home building costs are continuing to rise in the U.S. and Canada. In San Jose, California, construction costs have reached record highs as builders deal with increased costs and high interest rates, Newsweek recently reported. Many would-be homeowners are priced out of the market, while some home builders have turned to designing smaller houses so more buyers can afford them.…
Severe weather continued to break records in 2023, escalating property risks for many homeowners in the U.S. as they grapple with rising costs and a shifting insurance market. A string of disastrous tornadoes in Middle Tennessee earlier this month contributed to what appeared to be the state’s deadliest December and eighth deadliest year for tornadoes, according to reports — only…
Early reports from one of the art industry\'s most significant U.S. events of the year pointed to a positive outlook for the art market, according to news outlets. Several galleries represented at the annual Art Basel Miami Beach, held Dec. 6-10, were reporting strong sales, including the sale of several works valued at more than $1 million and at least…