The best claim is the one that never happens. That’s what the team behind the Predict & Prevent podcast believes. But to truly predict and prevent a claim requires a deviation from the traditional ‘detect and repair’ mentality of risk management.
Smart cities and insurance are intertwined in various ways. As urban areas around the world continue to embrace smart city technologies to improve efficiency, sustainability and quality of life, insurance plays a crucial role in mitigating risks and supporting the development and sustainability of these cities.
In a groundbreaking decision, Montana District Judge Kathy Seeley, who presided over the United States’ inaugural constitutional climate trial earlier this year, has ruled in favor of a group of young plaintiffs.
Three law firms filed a class-action lawsuit against Hawaiian Electric on Saturday, alleging that the utility’s downed power lines significantly contributed to the deadliest U.S. wildfire in more than a century.
U.S. auto safety regulators have sent a team to investigate a fatal crash in Virginia involving a Tesla suspected of running on a partially automated driving system.
A Missouri jury awarded $27.4 million in a trial last week stemming from a 2018 Birmingham apartment fire. The jury found in favor of Maxus Metropolitan, which managed the Metropolitan Apartments in Birmingham.
An explosion in a Pennsylvania neighborhood has left five people dead and three others injured, with three homes destroyed and a dozen more damaged by the blast.
The insurer’s right of subrogation is equitable in nature, even if not based in contract. However, since the insurer steps into the shoes of its insured and is limited to the rights of its insured, an integral part of the investigation process is determining what rights the insured has.
Data released by the Pacific Disaster Center and the Federal Emergency Management Agency (FEMA) has painted a harrowing picture of the aftermath of the Lahaina wildfire. As of August 11th, a staggering 2,207 structures have fallen victim to the relentless blaze.
Scientists at the National Oceanic and Atmospheric Administration’s (NOAA) Climate Prediction Center have issued an update for the ongoing 2023 Atlantic hurricane season, increasing their prediction from a near-normal level of activity to an above-normal level.
Warren Buffet first used the term social inflation in 1977 to describe how society was expanding its view of what is covered by insurance. When Buffet coined the term, he was referencing the asbestos litigation making headlines and changing society at the time.
The wildfire outbreaks in Hawaii have reportedly destroyed 1,700+ buildings thus far, indicating a potential extensive loss for the re/insurance industry, while the death toll has risen to 55, with as many as 1,000 people missing.
Maui faces a long road to recovery from the devastating blazes this week -- Hawaii’s deadliest natural disaster since 1960. At least 55 people have died.
The Supreme Court on Thursday temporarily blocked a settlement reached with OxyContin maker Purdue Pharma that required members of the Sackler family who once controlled the company to pay $6 billion but shielded them from future lawsuits over the nation’s opioid crisis.
When a self-driving car is involved in an accident, its data tells the story -- which can be essential to crash investigators to determine who or what was at fault, as well as to automakers, so they can make their self-driving systems smarter and safer.
