A burnt-out cargo ship carrying thousands of luxury cars, including Porsches and Bentleys, sank on Tuesday off the Portuguese Azores archipelago nearly two weeks after it caught fire, a port official said.
The claims experience will become increasingly automated over the next three years, as many customers are handling their claims virtually - and this will impact insurance professionals’ daily work, a recent LexisNexis report predicts.
Ukraine (UKR) is one of the largest insured risks for political risk insurance (PRI) and trade credit insurance (TCI). This predates the current situation in Ukraine and started immediately after the country’s accession to sovereignty in 1991.
The virtual reality gaming trend is getting real when it comes to homeowner’s insurance claims, with insurers saying popular virtual reality headsets are the cause of a 31% surge in claims.
A former employee of TriPacific Capital Advisors had decided to sue the company and the company president, Geoffrey Fearns, for a variety of employment-related causes, including his termination and compensation. He was seeking compensatory damages no less than $8.9 million.
A lawsuit filed in California on Friday against Tesla by a former manager alleges whistleblowing retaliation, wrongful termination, racial discrimination, and more following many attempts to notify managers and higher-ups of safety violations.
As an insurance crisis persists in California wildfire country, state regulators are preparing to order companies to offer discounts to homeowners who install double-pane windows, fire-safe roofs or take other steps to reduce the danger to properties.
Insurance companies, third-party adjusting companies, and subrogation vendors are increasingly undertaking subrogation investigation at an early stage of a claim’s life. Understanding that early recognition and action on third-party recovery potential is often won or lost in the first few days following an insurance claim or loss, companies are learning to obtain and retain key evidence necessary for proof of its subrogation case against a third party.
An area of workers’ compensation that has grown in controversy over the years is when is an employee considered to be ‘at work.’ A question arises if an employee is injured when in a parking lot outside of their place of employment either starting their day or leaving after clocking out.
When Adrienne Reid heard that Mike Winkelmann, the digital artist known as Beeple, sold a piece of his work at the art auction house Christie’s for $69 million, she didn’t think much of it.
Two recent developments - one the result of litigation, the other imposed by statute - warrant insurers’ attention, as they reflect shifts in legal thinking on potential firearms-related liability.
As a physician, I can’t help but view our industry through a distinctly patient-centered lens. Our very reason for existing is to help injured employees get well, ideally to get them back to their pre-injury status in days or weeks.
Deaths related to flooding hit a five-year high in 2021 – the third-highest count since 2010 and the highest since 2017 – according to National Weather Service (NWS) data. Perhaps the saddest aspect of last year’s 145 fatalities is the fact that a majority were preventable.
While insurance industry sentiment is that higher repair costs for advanced driver assistance systems (ADAS) features offset ADAS loss-cost benefits, a new study from LexisNexis Risk Solutions finds that’s not entirely true.
