The CPCU Society recently expanded its membership criteria for the first time in its long history. The society historically counted CPCUs, candidates, and retired CPCUs as its members. But now any insurance and risk management professional, student, or retiree may join and enjoy the benefits of full membership.
Rescue efforts by helicopter are lifting hundreds of people to safety after they were trapped along a southern B.C. highway from landslides caused by extreme weather.
Not one, not two, but three tornadoes touched down on Long Island Saturday in a first for Nassau and Suffolk counties, which have no records of a tornado striking in November.
Third-Party Litigation Funding (‘TPLF’ or ‘third-party funding’) is an emerging practice impacting insurers, attorneys, and policymakers. In general, TPLF involves the non-recourse funding of a claim by a non-party for a share in the proceeds if the claim is successful.
In 2019, 181 CEOs signed a Business Roundtable pledge committing to serving the interests of ‘all stakeholders,’ especially local communities, the environment and investors. This pledge and countless individual company statements that have followed have raised expectations that companies and corporate board members would put greater emphasis on environment, sustainability and governance (ESG) efforts.
In many ways, we are blessed with today’s buildings and engineering marvels. We often don’t think of the challenges involved in building these structures, or the maintenance and upkeep needed to keep them safe and secure.
Explainable AI is evolving to give meaning to artificial intelligence and machine learning in insurance. The XAI (explainable AI) model has the key factors, which are explained in the passed and not passed cases.
The evolving risk landscape suggests that global insurance premiums could reach USD 10 trillion by 2030, with climate change predicted to result in a tenfold rise in economic losses over the next 30 years, according to a new report from Bain & Company.
Insurance agents and adjustors are often away from their desks attending to customer needs and inquiries in the field. Typically, property insurance adjustors are some of the first on the scene after a natural disaster or personal property emergency.
The Hartford Financial Services Group Inc. announced Tuesday that it anticipates exiting all tar sands investments by Dec. 31, two years ahead of its commitment announced in 2019.
Applying Illinois law, the U.S. District Court for the Northern District of Illinois has held that a D&O policy’s professional services and contract exclusions do not bar coverage for lawsuits seeking damages for fees and expenses paid to the insured in connection with a cancelled trade show.
When it comes to homeowners insurance, a lot of policies leave certain ‘aggressive’ dog breeds out in the cold. Now, animal advocacy groups, that’s starting to change. For years, most insurers have limited coverage or downright denied policies to homes in which there’s a dog they deem to be of a potentially dangerous breed.
Insurance carriers have invested in core systems to help streamline their internal claims-handling processes. As a result of improvements in these internal processes, data is more readily available for analysis.
The global pandemic accelerated many technological advances that were already underway in the insurance industry, changes that are likely to pick up speed as COVID-19 recedes, according to Rohit Verma, CEO, Crawford & Co.
