Not long ago, ESG (environmental, social, governance) risks would have been missing on most chief risk officers’ (CROs) radar screens. It’s true that CROs in certain industries have been managing environmental risks for many years due the nature of their companies’ products or processes. However, the concept of ESG, including DEI (diversity, equity, inclusion), as a conjoined corporate imperative is relatively new.
Since the advent of the modern Insurance Services Office, Inc. (ISO), standard additional insured (AI) endorsement in the early 2000s, many insurance companies have advocated for an exceedingly narrow application, arguing that coverage is available only for the AI’s vicarious liability for the named insured’s acts or omissions.
Honda is recalling 114,686 vehicles due to an inoperative rearview camera display that can reduce the driver’s rear visibility, increasing the risk of a crash, according to documents filed with the National Highway Traffic Safety Administration (NHTSA).
Four days after a fiery train derailment in East Palestine, a local couple and a business owner have filed a class action suit seeking damages from Norfolk and Southern Railroad.
When approaching a workers compensation settlement, efficiency and accuracy are critical. While it is important to get the settlement right, speed is key to curbing the potential long-term sprawl of expenses related to medical treatment, potential surgeries and indemnification for carriers and businesses.
Disaster insurance is more complicated than other types of property/casualty coverage, and traditional forms of risk transfer may not be sufficient on their own to effectively help policyholders bounce back from catastrophes in the long term, Triple-I non-resident scholar Carolyn Kousky said in an interview on the World Economic Forum Book Club Podcast.
It is time to consider new ideas and strategies to help you settle claims. In that spirit, this article will share strategies that allow you to settle by giving more and spending less. How is this possible? The secret is in the tax code.
Florida’s Third District Court of Appeal recently affirmed a summary judgment entered in favor of a property insurer, holding that there is no conflict between the policy’s three year limitation for reporting hurricane claims and the requirement that the insured give prompt notice.
A commercial property policy extension granting coverage for an ‘influx of water derived from natural sources’ trumps a policy’s broad form flood exclusion, Alberta’s Appeal Court has found in a 2-1 split decision.
The Illinois Supreme Court issued a much-anticipated opinion in Tims v. Black Horse Carriers, Inc., 2023 IL 127801 on February 2, 2023. Tims settles -- once and for all -- the burning question of which statute of limitations applies to claims advanced under the Illinois Biometric Information Privacy Act (‘BIPA’).
Residents of East Palestine in northeast Ohio have been asked to evacuate, as officials fear the cars of a train that derailed nearby might explode or release toxic gases.
Nothing is more pervasive in California’s Capitol than what have been dubbed ‘tort wars’ -- skirmishes over rules governing personal injury lawsuits. No session of the Legislature is complete without at least one clash over who can sue whom for what act and collect damages that can potentially reach hundreds of millions of dollars.
With the onset of the Covid-19 pandemic in 2020, businesses across the country were forced to shut their doors and turn to their commercial property insurance companies to seek coverage.
Disaster insurance is more complicated than other types of property/casualty coverage, and traditional forms of risk transfer may not be sufficient on their own to effectively help policyholders bounce back from catastrophes in the long term, Triple-I non-resident scholar Carolyn Kousky said in an interview on the World Economic Forum Book Club Podcast.
