Two of the worst U.S. floods in 2022 ravaged homes, destroyed businesses and forced residents to evacuate for weeks. But homeowners in Florida and Kentucky are getting wildly different payments from a federal flood insurance program crucial to rebuilding and recovery.
Rhode Island Gov. Daniel McKee has signed legislation amending the state’s Unfair Claims Practices Act to change the definition of unfair claims settlement practices by insurers and motor vehicle damage appraisers.
In a legal battle that sheds light on crucial aspects of cyber insurance, the University of California has initiated a lawsuit against insurance companies operating in the Lloyd’s of London market.
U.S. property/casualty insurers are responding to higher inflation and natural catastrophe losses with rate increases when possible and exits when not, Swiss Re Ltd. said Wednesday in a report.
Paperwork backlogs in insurance have evaded even the savviest of technology solutions. In particular, the processing of unstructured medical documents or cabinets filled with claims data was difficult to automate, so many have kept doing the work by hand.
Countless thousands of Americans this month found themselves racing for cover, fretting about cars and roofs, and covering their ears from the deafening roar of heavy hail. Time and again this spring, and especially during June, a relentlessly locked-in-place weather pattern has driven intense severe thunderstorms from the High Plains across the South and Midwest.
A recent extreme weather event in the Great Plains has rendered a large solar farm in Scottsbluff, Nebraska inoperable. Last week a tornado and a powerful storm accompanied by baseball-sized hail struck the region, causing extensive damage.
As tranquil instrumental music plays over gauzy images of nature, a woman’s voice-over begins. ‘Isn’t it a paradox,’ she wonders aloud, ‘that the love for this world that gets us out in it, sometimes leaves behind the things that can harm it? Flight by flight... ."
A bipartisan proposal has been put forth by U.S. Congressmen Garret Graves, Henry Cuellar, and Mike Bost with the aim of criminalizing intentional collisions with motor carriers at the federal level. Named the Highway Accident Fairness Act of 2023, this legislation seeks to address the issue of fraudulent lawsuits, decrease car insurance rates, and enhance road safety.
It’s 2035 and a maritime court has convened to determine who’s at fault when a seagoing vessel made an error in passage planning -- a safety exercise that maps a voyage from start to finish, including harbour navigation and docking.
From its inception in 1923, the National Council on Compensation Insurance (NCCI) has provided a wealth of data and information on the workers’ comp space. Now, as NCCI celebrates its 100th year, it looks to note the changes and advancements the workers’ comp system encountered throughout the past century.
The insurance industry is increasingly wary of the risks presented by climate and natural disasters, prompting major firms to scale back their presence in more vulnerable states.
A recent analysis reveals that the federal assessment of extreme rainfall is significantly underestimating the likelihood of flood events, raising concerns about infrastructure development, flood insurance costs, and public safety.
We are all aware, some painfully so, of banner headline jury verdicts. They have now breached the $1 billion threshold and are ubiquitous in the news, on billboards, in airports, and just about everywhere else. We also know how we got here... .
New Jersey resident Anna ‘Cuqui’ Rivera, a high school graduate who works as a labor and civil rights activist and moonlights as a DJ, was paying almost $3,000 annually for auto insurance with one of the big companies. Now, she pays almost $2,000 less for coverage on her 2016 Jeep.
