It’s been more than two years since the smoke cleared from one of Colorado’s biggest and costliest wildfires -- the East Troublesome Fire. But many victims are still fighting for the insurance money they say they’re owed, with one company at the center of several of those alleged disputes -- State Farm Fire and Casualty Insurance.
They’ve been cropping up since 2020: COVID business interruption claims. Forced shutdowns due to a rising pandemic gave way to organizations looking for compensation for monies lost. But, as we all know, business interruption coverage will only trigger if a physical loss has occurred.
Your experiences in virtual reality could soon get much more lifelike. Palmer Luckey, sometimes credited with creating modern virtual reality, claims to have built a VR headset that will kill the user if they die in the game they’re playing.
Seven beachside homes in Wilbur-by-the-Sea collapsed into the Atlantic Ocean on Thursday after Nicole struck Florida as a hurricane and ripped across the state, devouring a large chunk of the coastline along Central Florida beaches.
An insurer involved in settlement negotiations can’t ask a claimant for leniency on time limits, but then demand the claimant adhere to strict limitation periods for serving a statement of claim, an Alberta court has ruled.
Machine Learning as been one of the most prolific areas when it comes to high-impact use cases for the insurance industry. And within insurance, claims management offers one of the most promising areas to apply this technology due to the large amount of data available to train algorithms and the consistency of principles applied in the claims assessment process
When I remodeled a house years ago, I decided that the most expensive words known to man were, "While we’re at it...." Then a co-author and I spent two years having a team of researchers look at 2,500 corporate disasters and realized the most expensive words are actually, "We have to do something...."
Mondelez International has settled its lawsuit against Zurich American Insurance Company, which it brought because the insurer refused to cover the snack giant’s $100-million-plus cleanup bill following the 2017 NotPetya outbreak.
Preserving an accident scene is the first priority following a loss. Until recently, forensic engineers had to follow painstaking procedures to perform a complete inspection.
Kathryn Schweitzer worked recently in the yard in front of her small, yellow house in a North Port neighborhood where mildewing furniture, drywall and other personal belongings line the streets, the remains of destruction left behind by Hurricane Ian.<br />Schweitzer tries to shrug off the $8,000 she’s paid so far "just to get the walls back" in her flood-damaged home, because "if you can’t cry, you get to laugh."
When a cybersecurity-related incident occurs, an insured should not automatically assume a standard commercial general liability (CGL) policy issued by an insurer will cover their losses, as CGL policies generally afford coverage to an insured for losses resulting from bodily injury and property damage.
In the weeks before the deadline to file insurance lawsuits related to Hurricane Laura, a Houston-based law firm filed over 1,400 cases at the Lake Charles federal courthouse.
Floridians whose properties were destroyed or damaged by Hurricane Ian are expected to file between $53 billion and $74 billion in insurance claims. The federal government will disburse billions more in disaster assistance through tax relief, subsidies and direct grants.
New videos show scenes of devastation in the aftermath of powerful tornadoes that touched down in Texas, Oklahoma and Arkansas on Friday. At least eight tornadoes were confirmed by survey teams from the National Weather Service, and two of those have been rated an EF-3 with winds near 160 mph.
Winter is coming. Denver, Colorado recorded its first snowfall of the season yesterday, and frosty hell broke loose on the city’s major thoroughfares. The sudden arrival of icy and wet roads means only one thing.
