It’s not uncommon for insurance professionals to say they fell into the industry. Most people’s perceptions of the industry come either from TV shows and movies, where insurer’s jobs are portrayed as dull, paper-pushing positions, or from the complex process of dealing with an insurance claim.
  November 21, 2022   Risk & Insurance Insurance Industry

New York Gov. Kathy Hochul has requested the state’s Department of Financial Services (DFS) issue temporary permits to qualified, out-of-state insurance adjusters to help speed the claims process along for those who were impacted by the November 2022 storm.
  November 21, 2022   WGRZ Legislation & Regulation Property New York

Ninety percent of the counties in the United States suffered a weather disaster between 2011 and 2021, according to a report published this past week. Some endured as many as 12 federally-declared disasters over those 11 years.
  November 21, 2022   Kearney Hub Catastrophe

Roofs began to creak and collapse under the weight as another storm brought the Buffalo area’s three-day snowfall total Thursday to an epic 6 feet or more, with more still coming down.
  November 21, 2022   CBS Property New York

About 75% of organisations have experienced a serious cyberattack in the past three years -- up from 60% last year -- according to the 2022 Cyber Security Insights Report conducted by S-RM, a global intelligence and cybersecurity consultancy.
  November 18, 2022   Financial Management Excess & Surplus Lines Technology

The UN Sustainable Development Goals (SDGs) are a group of 17 global goals aimed at reducing poverty and protecting the planet for the future. The SDGs were born at the United Nations Conference on Sustainable Development in 2012 and are linked to the 2030 Agenda for Sustainable Development, adopted by 193 countries.
  November 18, 2022   Triple-I Blog Insurance Industry

A Chubb Ltd. unit is seeking a court’s declaration it does not have to defend or indemnify eBay Inc. and former officials and employees in connection with the harassment of a Massachusetts couple.
  November 18, 2022   Business Insurance Litigation California

Catastrophe risk modelling firm RMS has estimated that the private insurance and reinsurance market loss from recent hurricane Nicole will fall below $2 billion, with its best estimate being for a $1.6 billion industry loss.
  November 18, 2022   Artemis Catastrophe Florida Georgia

There is a growing trend of states recognizing time-sensitive demands, which can carry extra-contractual exposures for insurers. Insurers are faced with large claim volume, excessively large demand packages, and time-sensitive deadlines imposed upon them by state regulators and agencies.
  November 17, 2022   CLM Magazine Technology

Bankrupt Catholic dioceses are buckling to child sex abuse victims’ payout demands by offering them valuable rights to directly sue church insurers, riling up questions about the legality of such deals.
  November 17, 2022   Bloomberg Law Liability Litigation

Ram is recalling more than 248,300 of its 2500 and 3500 heavy-duty pickup trucks for a potential fire risk from leaking transmission fluid.
  November 17, 2022   Cars.com Auto Subrogation

A live Twitter chat is being conducted on Thursday, Nov. 17, at 1 p.m., ET, as part of International Fraud Awareness Week, according to the Insurance Information Institute (Triple-I), one of the event’s participants.
  November 17, 2022   Insurance Information Institute Fraud

The modern world moves fast. Consumers expect convenience and the ability to get what they need from the smartphone in their pocket. Businesses and their investors are always looking for efficient ways to meet consumers’ expectations of instant fulfillment.
  November 16, 2022   Insurance Thought Leadership

Hurricane Ian has bulked up losses for three Floridian homeowners’ insurers, with one seeing its net loss for the quarter increase tenfold.
  November 16, 2022   Insurance Business Catastrophe Insurance Industry Florida

A lawsuit alleges that insurance provider Beazley Insurance Services denied coverage of two Deep Purple show cancelations in 2018 after failing to investigate the claim sufficiently.
  November 16, 2022   Digital Music News Litigation

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