Category: Property & Casualty

Know your number: How much business income do you need?

If you were to paint a canvas, you’d start with the goal in mind: What is it you want to capture? As business owners, we have a blank canvas — we own…

What are the real estate coverage risks for cannabis entities?

When it comes to statistics concerning marijuana use and sales, the numbers show just how mainstream cannabis has become. An estimated 12% of Americans actively use some form of cannabis and total…

Inspections of Public Works Projects Increase

Written by: Edward Johnson, VP Construction Risk, BIS Construction companies and contractors that work on publicly funded projects in California can expect increased enforcement activity from a new task force that will…

What Multifamily Property Owners Can Do To Ease Soaring Property Insurance Costs

By Bryan Murray, Technology Risk Advisor Multifamily property owners have faced unprecedented unpredictability in the last few years, and soaring insurance costs are making a challenging time even harder. In 2019, prior…

What are the benefits & coverage options for gun liability insurance?

It may come as a surprise, but several cities are now requiring gun liability insurance for legal gun owners.  Could your city be next? What exactly is gun liability insurance? It is a type…

Organized chaos: Insurance coverage & retail crime

“Organized theft rings” screamed headlines toward the end of 2021 as a string of incidents riddled authorities and shook shop owners in major cities across the country, moving some retailers to beef up…

5th Cir. joins other courts, rejects COVID business interruption claim

By Allison Dunn | January 10, 2022 at 12:00 AM | The original version of this story was published on Texas Lawyer The courts have sided with insurers again as the U.S. Court of Appeals for the Fifth…

Lessons from the pandemic for event cancellation coverages

The Coachella Music Festival in California and Glastonbury Festival in the U.K. were canceled out of precautions related to the ongoing global pandemic. And then, the Tokyo Summer Olympics saw significant disruption,…

The final frontier: Risk management for space innovations

Last year, as we on Earth grappled with the effects of a global pandemic, there was no pause in the number of satellites being launched into space. Indeed, the volume of launches…

Drought, Heat in Western US Foretell Severe Wildfire Losses for 2021

With record-breaking heat and drought conditions sweeping the western United States, the 2021 wildfire season will likely produce another devastating year of wildfire losses, according to a recent report from A.M. Best….