Automatic emergency braking (AEB) reduces rear-end crash rates for pickups dramatically, a new study from the Insurance Institute for Highway Safety shows. But despite the heightened danger they pose to other road users, pickups are less likely to be equipped with the crash avoidance feature than cars or SUVs.
Wolverine Worldwide operated a shoe making factory in Kent County, Michigan. As part of the shoe production process, chemicals were used to create waterproof material. These chemicals? Per- and polyfluoroalkyl substances.
The State Farm insurance company has filed a lawsuit against Amazon, accusing the ecommerce giant of having ‘willfully infringed’ on State Farm patented technology at the core of Elder Care Technology in order to offer a competing product.
General Motors has recalled 338,735 full-size SUVs for faulty daytime running lights that could increase the risk of a crash, the NHTSA disclosed on Monday.
Football fans are being warned not to score an own goal while they celebrate or commiserate over games, as a major insurer says home insurance claims spiked during the last World Cup.
On November 8, 2022, the Eleventh Circuit Court of Appeals agreed with the U.S. District Court for the Middle District of Florida that Mount Vernon Fire Insurance Co. did not have a duty to defend Global Travel International Inc. in an arbitration between Global Travel and Qualpay Inc. despite Global Travel’s best efforts to bring the claim within coverage.
It’s not rocket science. We all grew up with the Golden Rule -- treating others as one wants to be treated. This commonsense approach to treating others with respect and dignity has deep historical roots, in both religious and secular contexts.
As Nicole threatens the Carolinas and Virginia on Friday with tornadoes and flooding, Floridians -- many still recovering from Hurricane Ian -- are picking up the pieces after this week’s storm killed at least four people and ripped apart buildings with its dangerous storm surge and powerful winds.
It’s been more than two years since the smoke cleared from one of Colorado’s biggest and costliest wildfires -- the East Troublesome Fire. But many victims are still fighting for the insurance money they say they’re owed, with one company at the center of several of those alleged disputes -- State Farm Fire and Casualty Insurance.
They’ve been cropping up since 2020: COVID business interruption claims. Forced shutdowns due to a rising pandemic gave way to organizations looking for compensation for monies lost. But, as we all know, business interruption coverage will only trigger if a physical loss has occurred.
Your experiences in virtual reality could soon get much more lifelike. Palmer Luckey, sometimes credited with creating modern virtual reality, claims to have built a VR headset that will kill the user if they die in the game they’re playing.
Seven beachside homes in Wilbur-by-the-Sea collapsed into the Atlantic Ocean on Thursday after Nicole struck Florida as a hurricane and ripped across the state, devouring a large chunk of the coastline along Central Florida beaches.
An insurer involved in settlement negotiations can’t ask a claimant for leniency on time limits, but then demand the claimant adhere to strict limitation periods for serving a statement of claim, an Alberta court has ruled.
Machine Learning as been one of the most prolific areas when it comes to high-impact use cases for the insurance industry. And within insurance, claims management offers one of the most promising areas to apply this technology due to the large amount of data available to train algorithms and the consistency of principles applied in the claims assessment process
When I remodeled a house years ago, I decided that the most expensive words known to man were, "While we’re at it...." Then a co-author and I spent two years having a team of researchers look at 2,500 corporate disasters and realized the most expensive words are actually, "We have to do something...."
November 9, 2022 Insurance Thought Leadership Risk Management