Lightning is a more complex peril than it is often given credit for being, according to Tim Harger, executive director of the Lightning Protection Institute (LPI). In a recent interview with Triple-I CEO Sean Kevelighan, Harger discussed the importance of preparing for and preventing damage from this risk, which is second only to flooding when it comes to costly weather events.<br /><br />People typically think about fire damage when they think about lightning. But Harger said, ‘Beyond the fire is the destruction of electrical wires and infrastructure that supports everything we do to communicate and to conduct business.’
The AI Drake track that mysteriously went viral over the weekend is the start of a problem that will upend Google in one way or another -- and it’s really not clear which way it will go.
Department of Homeland Security Secretary Alejandro Mayorkas recently announced at a congressional hearing that the new federal system for setting flood insurance premiums, Risk Rating 2.0, requires more adjustments than anticipated.
According to the U.S. Department of Labor, the use of drugs or alcohol at work significantly increases the the risk of workplace accidents. With this in mind, sooner or later every major employer will inevitably need to address a workers’ compensation claim involving some kind of intoxication.
Product liability claims involve a myriad of products ranging from airplanes, to coffee makers, to component construction materials and parts. However, the legal basics are generally the same for all product liability claims: the plaintiff is injured from the use of a product and, as a result, sues the product manufacturer, supplier, and/or retailer of the product.
Netflix recently aired a limited series about Bernard Madoff who fashioned the largest Ponzi scheme to date. Some estimate that the fraud amounted to approximately USD 65 billion of investor monies while others quote a much lower figure of USD 10 -- 17 billion. It is very difficult to arrive at the correct figure as records were fabricated and some investors were too embarrassed to admit that they had been swindled.
AI is having quite a moment. One high profile AI app, ChatGPT, has become the fastest growing consumer app in history. It garnered over a million users in its first five days and hit one 100 million active users in just two months.
Seventeen state attorneys general have called on the federal government to recall millions of Kia and Hyundai cars due to their susceptibility to theft, which has been amplified by a viral social media challenge.
Earthquakes cause $14.7 billion in damages and related losses on an annualized basis in the U.S., according to an updated estimate from the U.S. Geological Survey (USGS) and the Federal Emergency Management Agency (FEMA).
Picture Tom Hanks’ character, Forrest Gump, as a claims professional. I believe he’d tell you that mediation is like a box of chocolates -- you never know what you’re going to get.
The challenges drivers and insurance companies face in 2023 are multifaceted -- ranging from rising premiums to delayed repairs. As the auto industry navigates these obstacles, it needs to identify potential ways to enhance customer satisfaction.
Claimant fraud and premium fraud are two of the most well-known types of workers compensation fraud. In these cases, a worker may intentionally fake an injury (claimant fraud) or a business owner may misrepresent their employee headcount or incorrectly classify employees to obtain lower insurance premiums. Now, a lesser-known type is occurring with greater frequency: provider fraud.
Tesla is quickly becoming synonymous with ‘recall,’ a word it has familiarized itself with after reporting glitches in thousands of its vehicles over the last several years.
