The surge in ransomware may be reaching crisis levels. Cyber insurance premiums are expected to rise between 20% and 50% in 2021, according to Business Insurance, and this increase in largely the result of ransomware. Attacks have increased in both frequency and severity, and it appears that no one is safe.

We are pleased to announce that BNC will be running its 6th Annual charity food drive for The Carver Center on Westchester Avenue in Port Chester.  We are once again heading up this drive to provide much needed food for the local pantry for those less fortunate. The Carver Center, aside from being a local non-profit to assist underserved youths, is also an important provider of food for those who can’t afford it.

If you run a construction firm, you may be wondering what’s on tap for your insurance renewal. In fact, that’s a good question to ask several months ahead of your renewal because conditions are challenging. The commercial insurance market has been hardening for a while now, and the construction industry is no exception.

Today, we are sharing news received from Westchester Legislators …

Westchester residents who suffered property damage from the remnants of Hurricane Ida may be eligible for assistance from the Federal Emergency Management Agency, following President Joe Biden's Major Disaster Declaration for our area on Monday.

The Delta variant is prompting a new wave of COVID restrictions. For businesses that are trying to reopen and get back to normal, this could create new employment practices issues.

Most industries face similar challenges, but not all risks are created equal. A slight headache can easily escalate into a costly blind spot. Below are three of the most common insurance blind spots to watch out for.

Your company is on social media. Your employees are, too. Sometimes, this can go well. Your company gets free promotion, and your employees engage with your company and others. Other times, it can go very badly. Social media is creating serious liability concerns, and companies should make sure they’re limiting their exposures.

You may already know that equipment breakdown insurance is a standard and necessary element of many commercial business insurance packages. What you may not know is that this coverage is also available for homeowners. Traditional homeowners insurance policies do not cover losses related to equipment breakdown, so if you have expensive equipment in your home (such as high-end appliances, computer and security systems or HVAC equipment), this coverage might be a smart addition.

On June 24, a 136-unit condo in Surfside, Florida, partially collapsed. With many victims still missing, this heartbreaking tragedy serves as a serious wakeup call to property owners and developers across the country. According to AP News, the collapse in Surfside prompted an audit that has led to the evacuation of a nearby 156-unit building.

The 2021 Atlantic hurricane season is underway, and it’s shaping up to be another bad one. Homeowners and businesses should make sure they’re prepared for the worst.