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Century-Old Clubhouse Destroyed by Fire Faces Complex Rebuild
Inside This Article: A fire recently destroyed the historic Lochmoor Country Club clubhouse in Grosse Pointe Woods, Michigan. Historic properties may require specialized Commercial Property Insurance with Historical Replacement Cost to reproduce original materials, designs, and craftsmanship after a loss. Business Interruption Coverage and Extra Expense Coverage can help companies recoup lost revenue and maintain payroll during restoration. Updates
$25.6 Billion in Nuclear Verdicts Raises Stakes for Businesses
Inside This Article: “Nuclear” verdicts increased 40.7% in 2025, reaching their highest annual total since 2009, according to Marathon Strategies. The nearly 200 verdicts of at least $10 million in 2025 totaled approximately $25.6 billion. Claims that have previously stayed within primary insurance limits are increasingly reaching Excess Liability Insurance layers. Business owners are encouraged to closely review policy
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Key Takeaways Cyber risk is expanding across all sectors, with healthcare, manufacturing, retail education, and public utilities at heighten risk. The average cost of a U.S. data breach reached $10.2 million in 2025, a 9% increase from 2024. Baseline cybersecurity controls are now prerequisites for insurability. Carrier-provided pre-breach services are a key differentiator. Cyber claims involve multiple parallel processes…
Inside This Article: A recent gun incident at Alexan 5151 Apartments in Houston prompted concerns from residents about gaps in security and tenant communication. Apartment complex owners can be held liable for third-party bodily injuries and property damage stemming from on-premises incidents. Habitational Insurance policies may exclude incidents involving firearms and other weapons. A specialized insurance broker can help…
Inside This Article: Hazmat crews responded to a chemical spill in a Virginia Commonwealth University laboratory. The June 24 incident led to an evacuation of Oliver Hall. Accidental chemical releases are a serious safety concern at universities and other institutions, potentially causing injuries to the public. Pollution Legal Liability (PLL) Insurance can help cover cleanup costs, regulatory fines, and…
From phishing simulations to active monitoring and pre-binding IT advisory calls, Joey Franiak, Broker, Professional Liability, Burns & Wilcox, San Diego, CA, highlights the proactive services carriers offer to help prevent Cyber claims before they happen. https://vimeo.com/1117840350/08841b0b74?ts=0&share=copy
Artificial Intelligence is transforming cyber risk—for better and worse. In this clip from our Cyber Insurance webinar, Benjamin Buchanan, Vice President, Specialty Liability Claims, HSB, explains how threat actors are using AI and quantum computing to expand their reach, while insurers use the same tools to mitigate risk and identify emerging threats. https://vimeo.com/1117837930/2154c1b9e5
Business interruption claims are not paid out immediately; they often require forensic audits and negotiations. Discussing this aspect with clients upfront helps prevent surprises and emphasizes the importance of reputational harm coverage and pre-breach services. In the clip below from our recent Cyber Insurance webinar, Kyle Bell-Colfer, Broker, Professional Liability, Burns & Wilcox, Chicago, IL, shares other key components of…
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