The rapid and unpredictable pace of change in the risk landscape presents risk management and insurance with one of its biggest challenges: How can we transfer risk if we cannot reliably quantify it?
The kids are out of school, vacations are beginning, and backyard barbeques are burning. It’s official: summertime is here. Sadly, along with summertime comes an increase in drowning deaths.
It is no secret that the summer months bring an increase in insurance claims. From motor vehicle incidents while road-tripping, to avoidable injuries from those ‘you only live once’ moments, claimants naturally increase their own risks.
There are countless factors that go into emerging liability risk assessment. But at a high level, a systemic event typically has followed this track...
Theodore Cooperstein worked as an assistant United States attorney in the Southern District of Mississippi. Part of his job was to appear in federal court as counsel for the government, and as such, he was insured under a federal employee professional liability policy.
Economic losses from catastrophic flooding across Vermont earlier this week could reach into the hundreds of millions of dollars or higher, Aon PLC said in a report Friday.
After the passage of the Infrastructure Investment and Jobs Act, municipalities are repairing and upgrading their aging infrastructure. This has led to an increase in the number of damaged underground utility claims in construction involving roadways, water/sewer/storm drains, and landscaping.
Harvard Medical School (HMS) is facing multiple class-action lawsuits in the aftermath of shocking allegations that a morgue employee was involved in stealing and selling human remains donated to the university’s medical school.
A federal appellate court, facing contradictory rulings from federal courts, has sought the intervention of the Texas Supreme Court to settle the question of whether attorney fees can be awarded to claimants when insurers pay appraisal awards plus owed interest for delayed payments.
Days after a major insurance provider announced it was pulling out of Florida due to environmental risks, State Farm Insurance announced Thursday it is recommitting itself to the residents of the state, NewsNation has learned.
The threats that are posed by new technologies such as artificial intelligence (AI), which had consistently reduced since 2021, is now predicted to be a growing threat for the next 12 months ahead, according to Beazley’s latest Risk & Resilience report: Spotlight on: Cyber & Technology Risks 2023.
In 2030, the world will look, feel and function in new ways. But how will the insurance value chain be affected by the new technology, ideas and regulations that will exist in seven years?
In response to the State of Emergency declared by Governor Phil Scott on July 9, the Vermont Department of Financial Regulation has announced a measure to allow property and casualty insurance carriers to utilize individual adjusters who are not licensed in Vermont.
