The Florida Senate on Thursday gave final approval to a far-reaching bill aimed at helping shield businesses and insurance companies from lawsuits, with supporters saying it will rein in ‘billboard lawyers’ and opponents saying it will harm consumers.
Global insured losses from natural catastrophes reached US$125 billion in 2022, the second consecutive year in which insured losses from NatCats exceeded US$100 billion, according to the latest sigma study from Swiss Re Institute. And it looks like this trend is here to stay.
A Medicare Set-Aside (MSA) is a financial agreement that reserves a portion of a workers’ compensation settlement to cover future treatment and prescription costs of an injury, illness, or disease.
Since 2014, the percentage of indemnity claims involving a major surgery in the first two years has declined one percentage point per year, falling from 28% of the 2014 claims to 23% of the 2019 claims, according to a study released Monday by the California Workers’ Compensation Institute.
Flames engulfed a marina in Seattle’s University District, burning dozens of boats early Wednesday. According to the Seattle Fire Department, as many as 30 boats at a dry rack storage facility were burning when firefighters arrived and the fire had spread to an adjacent warehouse.
Gov. Ron DeSantis says two state investigations have been launched following reports that insurance companies have been slashing Hurricane Ian payouts, leaving homeowners to foot the repair bill.
A judge has granted class action certification to a lawsuit involving 39 plaintiffs across 26 states -- including Michigan -- that accuses General Motors of knowingly selling cars with faulty transmissions.
Any workplace knows to follow certain physical safety guidelines. If you’re handling biological waste, you wear protective gear and wash your hands. If you’re working with power tools, you know to use ear and eye protection.
While many promises of disruption from insurtechs have fallen flat, now is the time to lean into digital transformation. On the cusp of a potential economic downturn, organizations must continue to adopt advanced solutions that foster quantifiable ROI and impact.
A federal appeals court on Friday reversed a lower court ruling in Lloyd’s favor in a property damage case stemming from Hurricane Harvey, ruling that the lower court judge had improperly excluded evidence in the case without the required analysis.
The metaverse is coming -- fast. In PwC’s 2022 US Metaverse Survey, 82% of business executives (including 87% of insurance executives) said they expect metaverse plans to be part of their business activities within three years.
The gender pay gap is a sensitive topic we need to spotlight. We’ve seen it in every industry, from entertainment -- when Patricia Arquette called for wage equality in her 2015 Oscars acceptance speech -- to Wall Street, when CNBC reported in 2019 that Citibank admitted that its female employees earned 29% less than its male employees globally.
