The system of processing and handling insurance claims is fraught with inefficiencies. That is not to say it is entirely flawed, but, if we are being honest, we have all heard the same refrains for years.
Even as the 2023 Atlantic hurricane season proves to be more intense than originally predicted, federal funding for the National Flood Insurance Program (NFIP) is threatened by a potential government shutdown.
Ten states -- Louisiana, Florida, Idaho, Kentucky, Mississippi, Montana, North Dakota, South Carolina, Texas, and Virginia -- as well as additional plaintiffs, are suing the Federal Emergency Management Agency (FEMA) over its new methodology for pricing flood insurance, Risk Rating 2.0.
OpenAI’s ChatGPT is the target of a major new lawsuit, alleging the company illegally copied the copyrighted works of authors to train the artificial-intelligence robot.
The Hawaii Public Utilities Commission initiated a sweeping inquiry of Hawaiian Electric Co. this week, and, among other things, ordered the utility to reveal by Monday any liability insurance the company has available to cover legal claims related to the Aug. 8 fires on Maui.
Millions of American homeowners are confronting a growing financial dilemma as climate change-driven wildfires and floods push their home insurance rates to unprecedented levels. The situation is compounded when insurers decide to withdraw coverage.
Conservation groups in Oregon are suing the Federal Emergency Management Agency over its flood-insurance program, which they say puts fish, orcas and people at risk.
In Neptune v. Indian Harbor Insurance Co., the Fifth Circuit Court of Appeals recently addressed whether uninsured motorist (UM) coverage applied in an accident where there was no evidence of a ‘hit’ from the uninsured vehicle.
So often we hear about workers’ comp claims that go wrong. Something gets missed, and things take a bad turn. These kinds of problems are familiar to anyone who works in the workers’ comp field.
San Francisco might not be the only California colossus in a so-called ‘doom loop.’ The property and casualty insurance market is experiencing a crisis of its own, and the consequences are dire for the entire state economy.
A former Hertz Corp. employee who claims he experienced workplace retaliation and harassment after complaining about discrimination is not entitled to workers compensation benefits for a claimed mental injury, a Tennessee workers comp court ruled Monday.
Severe storms in Alberta and the Prairies this summer resulted in more than $300 million in insured losses, according to initial estimates from the Insurance Bureau of Canada.
The retired FDNY firefighter Patrick Kilgallen remembers the night well. In late October 2012, the approach of Hurricane Sandy up the US Eastern Seaboard coincided with a spring tide, propelling a surge of storm water that crashed into New York City and its surrounds, causing more than $70bn in damages, mostly from flooding.
Every successful entrepreneur or CEO has dealt with failure at some point. It took Thomas Edison 10,000 attempts to perfect the light bulb, 36 publishers rejected Arianna Huffington and Milton Hershey had three candy-related ventures fail before he founded Hershey’s.
