Severe storms and tornadoes ripped through parts of the South from Tuesday into Wednesday morning, killing at least two people in Alabama and damaging homes and other buildings in at least three states, officials said.
A headline-grabbing case regarding race in the college admissions process at an elite university, appealed all the way to the United States Supreme Court, is the type of nightmare scenario that might inspire an educational institution to secure a solid excess insurance policy lest the underlying liability policy’s limits evaporate in the face of snowballing legal fees.
The medical management picture for workers’ comp has become increasingly complicated as the industry reckons with the forces of a post-pandemic world and the changing nature of work, but the problems remain the same: supporting injured workers to drive return-to-work.
Today, more cars than ever are connected, and those connected cars are creating and transmitting a lot of data. This, in turn, has created a gold rush among automobile manufacturers (aka OEMs), insurers and others to find ways to monetize that data. For personal auto insurers, the stakes are greater than ever.
Workers misclassified as independent contractors, reductions in benefits, and states looking to make workers compensation protections optional for employers are three ‘troubling’ trends for the insurance industry, a U.S. Department of Labor official wrote in a recent blog post on the agency’s website. <br /><br />
It’s time to saddle the elephant and ride it around the corporate boardroom with sparklers and a marching band. What elephant, you may ask? Ageism and age bias/discrimination.
Ford Motor Co. is recalling over 634,000 SUVs worldwide because a cracked fuel injector can spill fuel or leak vapors onto a hot engine and cause fires. The recall covers Bronco Sport and Escape SUVs from the 2020 through 2023 model years.
Resistant AI will deploy its AI-powered anti-fraud technology into InsurTech specialists Claim Technology to help it protect against fraudulent insurance claims.<br />Through this partnership, claims handlers will have the tools to spot forged documents to a level of forensic analysis that is impossible to detect with the human eye.
Since the double-punch of Hurricanes Laura and Delta in 2020, 11 residential property insurance companies doing business in Louisiana have been declared financially insolvent and 12 can longer conduct business in the state.
There’s a lot of freight to haul, and some would have the public believe that unsafe players haul most of it. Of course, there are still operators today that knowingly hire suspect CDL holders to operate 80,000-lb. machines that are old, poorly maintained, and still run a lot of miles. But this--in no way -- represents trucking as a whole.
The United States District Court for the Northern District of Illinois, applying Illinois law, has held that an insurer had a duty to defend an insured condominium association and its board members against an underlying lawsuit because the association’s board members allegedly committed ‘Wrongful Acts’ under the directors and officers coverage part of a business liability policy.
More than a year after Hurricane Ida swept across Louisiana, the Category 4 storm is triggering a property-insurance crisis in the state that has bankrupted 11 insurance companies and will force some homeowners to pay annual premiums of nearly $18,000.
Fire and explosion incidents are behind the most expensive insurance claims in the marine industry, while cargo damage is the most frequent cause of loss, according to a report by Allianz Global Corporate & Specialty (AGCS).
An insurance company filed a document Monday asking the D.C. Court of Appeals not to consider the question of whether the presence of COVID-19 droplets cause ‘physical loss and damage’ in the next stage of GW’s lawsuit against the company.
Hurricane Ian caused widespread flooding across Florida, North Carolina, and South Carolina in October, resulting in losses estimated at between $41 billion and $70 billion. Among those losses were up to 358,000 vehicles damaged by floodwaters, according to Carfax.
