In United States Automatic Sprinkler Corp. v. Erie Ins. Exch., et al., No. 21A-CT-580, 2022 Ind. App. LEXIS 87 (Automatic Sprinkler), the Court of Appeals of Indiana (Court of Appeals) considered whether there is a privity requirement for property damage claims against contractors. The court imposed a privity requirement.
Talent recruitment and retention has long been a top priority for insurance organizations. In recent years, the discussion has revolved around the ageing workforce and the need to counteract widespread baby boomer retirements by attracting fresh blood to the industry -- most of whom aren’t proactively seeking out careers in insurance.
Look for Canada’s P&C industry to fine-tune the hybrid workplace model over the next six months, as the country starts to ease pandemic restrictions, industry execs say.
After the end of a half-hour hearing in federal court on Monday, the presiding judge removed his black robe, stepped down from the bench and chatted with the attorneys and the plaintiffs who were present. After nearly six years, U.S. District Court Chief Judge Geoffrey Crawford said he wanted to personally say goodbye to the people involved in the high-profile case, which had just finally been resolved.
Firefighters working to keep more homes from burning on the edge of a mountain town in northern Arizona were treated to scattered showers and cooler temperatures early Friday, but the favorable weather was not expected to last as more ferocious winds were forecast to batter parts of Arizona and all of New Mexico through the weekend.
When we hop out of bed and get ourselves dressed for work each day, rarely are we concerned that it will be for the last time. Eat, sleep, work, repeat. It’s our routine. But then there are the days, the tragic, unexpected ones, when a mishap or an accident changes everything.
‘Social inflation’ is an important issue to understand, as it has a direct effect on claims-related losses and insurance costs, especially for businesses. The term refers to rising litigation costs and their impact on insurers’ claim payouts, loss ratios and, ultimately, how much policyholders pay for coverage.
Triple-I non-residential scholar Phil Klotzbach has proposed what he says is a better way to predict hurricane damage than the wind scale currently in use. Speaking at National Hurricane Conference in Orlando, Fla., the Colorado State University research scientist recommended using barometric pressure instead of the Saffir-Simpson wind-based scale.
Over the past several years, there has been a cultural awakening in the business world, pushing organizations to actively hold employees accountable for unacceptable behavior and improve their workplace culture.
As a result of a lawsuit, a Kentucky employer must pay $450,000 to a former employee after throwing him a surprise birthday party. The man, who suffers from panic attacks, had apparently asked his employer not to throw him a surprise birthday party.
The National Weather Service estimates that a tornado that hit Bryan County, Georgia had winds of 185 mph (300 kph), making it the strongest twister in the United States so far this year.
