Two of the most prominent U.S. insurance companies have responded to President Joe Biden’s call to cover additional living expenses for policyholders in Louisiana who evacuated their homes ahead of Hurricane Ida, but were not under specific mandatory evacuation orders.
Search ‘climate change and insurance’ on the internet, and there will be no lack of information on the intersection between global warming and property insurance.
Allstate has reached an agreement with a law firm to dismiss the latter’s proposed class-action lawsuit against the insurer – a lawsuit that accused Allstate of using unqualified expert witnesses in insurance litigation.
The business of insurance claims can be risky and costly. The ability to manage and mitigate risk can mean the difference between profitability and lost revenue.
New York State officials, bracing for a rush of insurance claims after record-breaking rain submerged large parts of New York City, are urging insurance companies to expedite storm-related claims.
Those familiar with the insurance industry will know that it can sometimes be resistant to change. For example, the insurance business was slower to adapt to the digital arena than some other industries. But the rising insurance-related costs associated with climate change have gotten underwriters’ attention.
When notorious criminal John Dillinger was asked during the Depression why he robbed banks, he famously replied: ‘Because that’s where the money is.’ That simple observation may offer an answer to the surge of ransomware.
The U.S. Coast Guard said on Monday it was investigating nearly 350 reports of oil spills in and along the U.S. Gulf of Mexico in the wake of Hurricane Ida.
Advances in digital aerial imagery, satellites, LIDAR and drones are providing a more detailed understanding of commercial property risks than ever before.
On the 16th anniversary of Hurricane Katrina, the state of Louisiana faced off against a similarly fearsome enemy as Hurricane Ida made landfall on August 29 as a CAT 4.
In a world of straight-through-processing and ‘touchless’ claims, customers are demanding faster pay-outs on their insurance claims through smarter, more intuitive digital interactions and customer-centric support models.
In an interesting case out of the Commonwealth Court of Pennsylvania, Lehigh Specialty Melting Inc. v. Workers Compensation Appeal Board, Lehigh appealed an order of the state’s Workers Compensation Appeal Board that would have caused the unwinding of an otherwise finalized workers’ compensation settlement agreement that included a Centers for Medicare and Medicaid Services (CMS)-approved Medicare Set-Aside (MSA) with an injured worker.
