Pacific Gas & Electric, the nation’s largest utility, has agreed to pay more than $55 million to avoid criminal prosecution for two major wildfires sparked by its aging Northern California power lines and submit to five years of oversight in an attempt to prevent more deadly blazes.
The National Association of Insurance Commissioners (NAIC) has agreed to adopt a new standard for insurers operating in the US to use when reporting their climate-related risks.
Global electric vehicle (EV) sales increased by 108% from 3.24 million in 2020 to 6.75 million in 2021, according to EV Volumes, and that number is expected to jump again in 2022 as more EV options enter the marketplace and drivers seek relief from soaring prices.
Social media data provides insurers with an opportunity to gain insights into a customer’s risk exposure in real time. But it comes with many challenges.
Human trafficking is a worldwide problem, impacting millions of men, women and children over thousands of years. In the United States, California, Texas and Florida have the most trafficking cases.
As the first in my family to graduate college and work in a white collar environment, I know what it’s like to feel out of place. In my first professional role out of college, I felt like an outsider for a long time.
Insurance is only as good as the consumer’s experience during the claim’s moments of truth. Positively shaping insureds’ and claimants’ experiences and avoiding churn during the process is critical for carrier success.
It took San Jose and mutual aid firefighters more than six hours to get a San Jose Home Depot fire under control just before midnight on Sunday -- at its peak 110 crews were battling the 5-alarm blaze.
A 6-year-old boy suffered a fractured skull and brain damage when he was accidentally hit by a baseball thrown by a Los Angeles Angels player who was warming up before a 2019 game, according to a lawsuit announced Thursday that blames the injury on the team’s negligence.
Property/casualty insurers could see close to $15 billion in losses from the Ukraine-Russia conflict, according to a report issued Thursday by Willis Towers Watson PLC.
Behind a barn off a dirt road in Washington County near the Tibbie community, a track hoe began digging and with every scoop of earth it pulled away what had been buried for six years was slowly revealed a white, 2006 Hummer H2.
Citizens Property Insurance Corp., the state-run ‘insurer of last resort,’ is proposing an across-the-board rate hike of nearly 11%, the highest increase allowed by law. The request comes as Florida’s private property insurance market sinks deeper into turmoil, insurance industry analysts said, driven in part by roof-replacement fraud and widespread litigation.
Try this word game, but a couple of disclaimers first: It’s not supposed to be fun, and it could have a severe effect on your property value. ‘In general, the analysis approach for leveed areas was similar to that for non-leveed areas, however the leveed area analysis relied solely on KatRisk and MDI because it was not possible to adjust the AIR and CoreLogic models based on the USACE analysis described above.’
The insurance industry, which relies heavily on repeatable processes, is embracing robotic process automation (RPA). Gartner projects that global RPA software spending will reach $2.4 billion in 2022.
Whether it’s a car, candy bar, toy, or television, most products will usually have undergone several rounds of development and testing to ensure they meet quality standards before entering the hands of consumers. While product safety certifications and quality assurance seals play a vital role in reducing the risk of faulty and/or dangerous products entering the market, claims do still arise.
