A $7.6 million event cancellation insurance payout due to the COVID-19 pandemic helped offset the Risk and Insurance Management Society Inc.’s loss of revenue in 2020.
The constant complaints that Miami Beach, Florida’s plans to raise roads in the face of sea rise would flood nearby homes has finally resulted in lawsuits.
If you didn’t quit your job this year, chances are you’re thinking about it: 41 percent of the global workforce is considering leaving their employer this year according to a Microsoft study.
People don’t necessarily think about a career in insurance from the time they are five years old. So, how do we reach today’s job seekers? Many of them are less interested in job title and more interested in mission.
The Biden administration introduced a new COVID-19 Action Plan on September 09, called ‘The Path Out of the Pandemic,’ which includes measures to reduce the number of unvaccinated Americans through regulatory powers and authorities.
An official providing an update on the Golden Ray wreck removal off the coast of Georgia said it is the largest in United States history and required more than 3 million collective man-hours.
The sixth iteration of LexisNexis’s annual ‘Home Trends Report’ paints a troubling picture for the US homeowners’ insurance market, thanks to worsening catastrophic events.
On September 28, 2001, I hit the 40-year mile marker and it hit me back. I was not ready to be ‘middle-aged.’ I felt like I had fallen ‘behind the chains,’ to use a football term. I had ground to make up.
Global investment in insurance technology (insurtech) start-ups totalled $10.5 billion in the first nine months of 2021, a record high level for the period, reinsurance broker Willis Re said on Wednesday.
Over the past decade, electric vehicles have become increasingly more common. With makers like Tesla capturing the minds of tech lovers, electric vehicles are no longer only bought by the environmentally-conscious.
Alec Baldwin the actor, who pulled the trigger on a prop gun while filming ‘Rust’ in New Mexico and unwittingly killed a cinematographer and injured a director, likely won’t be held criminally or civilly liable for the tragedy.
In its current form, the proposed infrastructure bill helps insurance companies reduce risk while potentially increasing prices as it evolves toward a more tailored approach.
This has been a rough year for homeowners. An ice storm in the Plains states left millions with burst water pipes and without power. California is dealing with a drought that will only create more tinder for its already epic wildfires.
The insurance and reinsurance industry should anticipate a long-run annual average bill of approximately $106 billion from global catastrophe events, according to analysis by catastrophe risk modeller, AIR Worldwide.
