Gig economy companies like Uber Technologies Inc., Lyft Inc., and Grubhub Inc., have paid hundreds of millions to defend and settle claims over the past decade that they wrongly classified workers as independent contractors, but legal and practical hurdles for plaintiffs and state enforcers mean these companies have not had to reclassify their workforces.
A half-dozen Oregon homeowners and businesses have filed federal lawsuits this month alleging underpayments in the aftermath of the destructive Labor Day 2020 wildfires, including the Almeda Fire.
Long known as the nation’s most hurricane-prone state, Florida has achieved a new status that is aggravating hurricane anxieties and threatening real-estate values. Florida has the worst property-insurance market.
Sustainability is driving the confluence of the environmental, social, and governance (ESG) pillar landscape; cybersecurity; and satellite remote sensing data. Business moves faster than weather data flows, and delays in accessing current data create a broken value chain.
September 19, 2022 International Insurance SocietyTechnology
Hurricane Fiona struck Puerto Rico’s southwest coast on Sunday, bringing destructive flooding, mudslides and an island-wide power blackout one day after leaving one dead in the Leeward Islands.
Western Alaska was reeling Monday from the most intense storm ever recorded in the Bering Sea during the month of September brought hurricane force winds and record high storm surge flooding along the coastline.
The National Football League was sued for allegedly sharing digital subscribers’ personal data with Meta Platforms Inc.’s Facebook, becoming the latest target of consumers claiming companies pass on private information to the social media site without their consent.
Insurance is a data-driven industry, and underwriting is its heart. It’s an uncomfortable fact, then, that data from the only longitudinal study of North American P&C underwriters reveals that many important parts of underwriting seem to be mired in decline.
September 16, 2022 Insurance Thought Leadership Underwriting
Workers’ compensation laws have been in effect in the United States for over a century providing benefits to employees injured on the job. For many years, ‘on the job’ meant injuries that occurred at an office, factory, store, or other site used exclusively for work-related purposes and over which the employer had a significant degree of control.
Insurance fraud is anything but a new concern for insurance companies and counsel. A simple online search reveals a litany of articles, investigations and reports of scams and schemes developed by would-be plaintiffs to secure damages based on accidents that were not accidental and injuries that were never sustained.
Insurance companies don’t have to reimburse Washington state for the two years drivers couldn’t use the new Highway 99 tunnel, as a result of the boring machine Bertha’s breakdown during construction, the Washington State Supreme Court has ruled.
Five years ago, Hurricane Irma ravaged parts of the Tampa Bay area. Now a lawsuit alleges, in the aftermath of the storm, one insurer denied legitimate claims, leaving Florida homeowners high and dry. The lawsuit claims the property insurer, United Property & Casualty Insurance Company (United P&C), was engaged in racketeering.
Rescuers searched for a person missing in a mudslide Tuesday as big yellow tractors plowed through dark, thick sludge and pushed boulders off roads after flash floods swept dirt, rocks and trees down fire-scarred slopes, washed away cars and buried buildings in small mountain communities in Southern California.
For the preoccupied adjuster flooded with claim assignments, there has been a mystery associated with the industry term ‘insurtech.’ And if that describes you, this combination of words revolves around technological innovations aimed at improving the efficiency of the insurance world.