Some 20 years ago, I collaborated on a white paper with Bill Gates and other senior leaders at Microsoft on the future of work, to be the centerpiece of the annual gathering he held in those days for Fortune 500 CEOs at his home.
It’s happened at least once to every subrogation professional. A significant claim file involving an auto accident in which liability appears to be a lock, suddenly goes into a tailspin when the other side denies the claim because the tortfeasor suffered a heart attack or blacked out as a result of some other sudden medical emergency.
The insurance sector is facing unprecedented change in a rapidly evolving environment. Energy transition, circular economy, urbanization, digitization: These trends have far-reaching consequences for the way we live and work.
Authorities in Colorado were searching for more answers Monday as they investigated what caused the destructive fire that torched scores of homes and displaced residents in the suburbs of Denver last week.
Homeowners insurance premium rates are rising faster than inflation, S&P Global Market Intelligence data shows, and Triple-I’s chief insurance officer says they’re likely to keep climbing.
No employer wants to find themselves in the midst of a workers compensation matter, especially when the employee in question was injured through no fault of the employer. <br /><br />This problem starts with California’s notoriously employee-friendly workers compensation rules, which requires employers to pay for employees’ medical treatment if they are hurt on the job. This holds true even in cases where the employer is not at fault and injuries were caused by a negligent third party.<br /><br />Fortunately, California also gives businesses or their workers compensation carriers the right to subrogate against those negligent third parties to recover any benefits they might have paid to injured workers. Through additional litigation, employers can seek reimbursement for these paid benefits that were made on behalf of an injured employee.
Nearly 60 lawsuits against Society Insurance suffered a fatal blow this month when a federal appeals court tossed pandemic-related claims for business-income interruption benefits against four other insurance companies, Society’s lawyers at Crowell & Moring and Purcell & Wardrope said in a Monday-night filing in federal court in Chicago.
The owner of a bar in the popular ‘Barmuda Triangle’ on Hilton Head Island says he was forced to shut down because of lawsuits stemming from the devastating Hilton Head bridge crash that killed three people in May.
The insurance giant Travelers Cos., which employs thousands in downtown Hartford, is delaying indefinitely its broad-based return to the office as concerns grow about the COVID-19 omicron variant and a recent spike in infection rates.
Imagine beginning your day with a cup of coffee in the car on the way to work, watching the morning news from a holographic projection on the windshield while making notes in preparation for a 9:00 a.m. meeting.
Devastation from tornadoes that slammed parts of the United States this month will push the insurance industry’s 2021 bill for weather-related claims well above the predicted $105 billion, industry experts said, and premiums should rise on worries that climate change will drive more severe weather.
The United States District Court for the Central District of California, applying California law, has held that a D&O insurer cannot rely on an excess ‘other insurance’ provision to preclude a duty to defend.
