Louisiana Insurance Commissioner Jim Donelon on Tuesday (April 4) unveiled a package of proposed new laws he wants the legislature to approve during the upcoming legislative session.
Drones have been deployed by insurers and risk managers for several years to better assess risks, respond to catastrophes and improve claims efficiency.
The storms of life exist to teach valuable lessons -- literally and figuratively. In the world of insurance, post-catastrophe analysis is crucial for making effective changes in a response plan to continue improving year over year.
Distracted driving has become a deadly epidemic on our roads. Cell phone use -- specifically, texting, talking, and social media use -- has become the most common distraction.
The United States is Earth’s punching bag for nasty weather. Blame geography for the U.S. getting hit by stronger, costlier, more varied and frequent extreme weather than anywhere on the planet, several experts said.
There were 1,778 ‘supply-chain risk events’ across the United States and Canada in 2022, an increase of 15% from 2021, according to CargoNet, a commercial theft-prevention and recovery service.
Parts of the Midwest and South devastated by catastrophic tornadoes will have almost no time to recover before another round of dangerous storms takes aim at hard-hit areas.
We’re familiar with the idea of individual physicians holding their own medical malpractice insurance. A new bill introduced in Texas proposes taking this idea of mandatory professional liability insurance and applying it to police officers.
This year expects to see challenges in the housing market, construction industry, and claims. The headwinds are plenty: higher interest rates for construction loans, rising labor and material costs, slowing demand from homebuyers squeezed by more expensive mortgages, and fears of a looming recession as cities continue to recover from the pandemic.
Directors and officers (D&O) liability insurance provides liability coverage to the directors or officers of a company, or to the company itself. D&O policies generally afford coverage for a claim that is first made during the policy period and reported to the insurer in accordance with policy terms.
Around 1 a.m. on March 6, a driverless car from the tech startup Cruise was trying to make a left turn when it encountered something its algorithms probably couldn’t predict: An Infiniti Q50 performing ‘donuts,’ a popular and unlawful pastime for some of the city’s night owls, in the middle of the intersection.
Two more lawsuits have been filed against several companies, including SeaWorld Entertainment, for a December explosion and fire at an Orange County fireworks company’s warehouse that lead to the deaths of four people and one person being severely burned.
A bulky couch. A narrow stairwell. A sprinkler head. Put them together and what do you get? Millions of dollars in property damage. And an insurance company that refuses to pay because the incident -- couch vs. sprinkler head -- happened inside a luxury downtown condominium, and not on the street.
Travelers Cos. released its annual survey on the leading causes of distracted driving in the face of an alarming reality: more than 46,000 people died in preventable traffic crashes in the United States in 2022.
