For as much coverage and discussion as telematics has received over the past two decades, its impact on the auto insurance economy, including transportation, is going to be even greater and further reaching than many may have thought – it will be transformative in the fullest sense of the word.
The NFL is seeking more than $1 billion from its insurers to cover the cost of the class-action concussion settlement, the insurance firms disclosed in recent court documents.
Attorneys and insurance adjusters have difficulty in cases where flooding occurs because it is difficult to determine if a floor needs to be replaced or if it can be repaired.
More than 300 lawsuits totaling a staggering $3 billion have been filed over the Astroworld disaster on November 5 that ultimately claimed the lives of ten people.
Lori Willman was at home on a Sunday in June 2010 when someone from the sheriff’s department knocked on her door. A fire had started in the Coconino National Forest and everyone in Willman’s neighborhood, the Timberline Estates north of Flagstaff, needed to evacuate.
Having clear policy wording is one component of the ‘social’ part of environmental-social-governance (ESG) practices, suggests senior official with Canada’s financial services regulator.
Peggy Honore paid her insurance premiums on-time, every month for more than a decade, but in the months after Hurricane Ida tore the roof off her Destrehan home, she’s struggled to get her insurer to call her back, answer her questions or respond to her claims.
For years experts have been talking about the "gray tsunami" that threatened the workers’ compensation industry. The crushing wave said to be coming was not one of earth temblors and overwhelming waves, but rather a current of retirement from an aging and long-entrenched workforce
In addition to the lack of job growth, there are still 11 million unfilled jobs. Along with flat job market participation, there is also rapid wage growth. CEOs in every industry are saying that, more than ever, retaining talent and finding quality candidates is their number one priority and one of their greatest business challenges going into 2022.
The claims history of most domestic insurance carriers is littered with billion dollar claims as a result of catastrophic losses caused by natural disasters. When God sends a hurricane, tornado, flood, or naturally occurring fire, the resulting losses can be enough to put many insurance companies into receivership.
A new report from global reinsurance giant Swiss Re puts in human terms the financial impact of biodiversity loss as the ‘twin risk of climate change.’
Successful subrogation against power companies is not a given. In determining whether the Electric Reliability Council of Texas (ERCOT) may be sued for its clear negligence in failing to properly winterize power production facilities and the power grid that it runs in Texas, the issue is currently in limbo.
