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.
An Alexandria, Louisiana, physician pleaded guilty Tuesday to having conspired to violate three different federal statutes in connection with a kickback scheme to defraud both federal and private workers compensation insurers, according to an announcement by the U.S. Attorney’s office of the Western District of Arkansas.
Cybercriminals love pandemics, natural disasters, and wars. Global distractions are good for their business. Russia’s invasion of Ukraine elevates cybersecurity risks, which already weighed on the minds of global business leaders.
Lloyd’s of London has announced that it is working with the government of the United Kingdom for the implementation of sanctions against Russian firms due to the war in Ukraine, including cancelling their insurance policies.
A March 10, 2022, Pennsylvania Superior Court appellate decision underscores why the cost of workers’ compensation insurance for small businesses is the highest in the northeast United States.
A week after a tornado ripped through Round Rock, city leaders on Monday released their official estimates on the damage left behind. According to preliminary assessments, more than 680 residential structures were damaged at an estimated cost of $32 million.
People who owned units in a Florida oceanfront condominium building that collapsed last year will divide $83 million for property losses, with the compensation for families over the 98 deaths still to be determined, a judge ruled Wednesday.
A line of severe storms packing isolated tornadoes and high winds ripped across the Deep South overnight killing at least two in the Florida Panhandle, toppling trees and power lines and leaving homes and businesses damaged as the vast weather front raced across several states.
How many marketing professionals does the insurance industry employ? Hundreds? Thousands? And such hard workers they are, designing campaigns, riding herd on the media to make sure the brands they promote come off sparkling.
A recent research paper presents a ‘proof of concept’ for predicting flood damage probabilities - ‘ using only open-source data and machine learning methods - ‘ that the authors say can ‘fill in gaps of unreported or unaccounted flood damage, identify unexpected damage, and rapidly update estimates [of flood damage probabilities] as new information becomes available.’
Georgia’s state insurance regulator has fined Anthem Blue Cross Blue Shield a hefty $5 million after an official investigation found that the insurer violated multiple consumer laws.
Motorists are involved in an accident every 60 seconds in the U.S., and the damage, injury and stress can complicate an already difficult situation. Insurers face the challenging task of getting accurate information as quickly as possible to manage loss cost and additional expenses, while supporting policyholders in their moment of need.
More than 50 vehicles were involved in a pileup on Interstate 81 in Schuylkill County, Pa., on Monday, killing at least three people and closing a seven-mile stretch of the highway. Blinding snow squalls were moving through the region at the time.
The Calgary Flames have filed a $125 million lawsuit against their insurance companies. The NHL team is seeking reimbursements for ‘massive losses’ it suffered due to the two hockey seasons that have gone by during the COVID-19 pandemic.
