The Eighth Circuit Court of Appeals recently held that, under Iowa law, an insurer is not liable for breach of contract or bad faith if its coverage decision was objectively reasonable at the time it was made.
Subrogation means, in a legal sense, one party has the right to "step into the shoes" of another party to bring a claim for damages against a negligent third party.
Fires in structures under construction have increased since 2010, according to the National Fire Protection Association (NFPA), and investigations of these events provide a different level of complexity than fires in fully occupied, finished structures.
The insured loss to onshore properties from Hurricane Elsa will be around $290 million -- $240 million in the US and $50 million in the Caribbean, according to catastrophe modeling firm Karen Clark & Company (KCC).
California is off to another record-breaking year of wildfires as the state enters its most dangerous months, with extreme heat and dry terrain creating the conditions for rapid spread.
Graduating from Northeastern University with the desire to join a multinational corporation — and a mountain of school debt — Danielle Larsen, a speaker at Women in Insurance Chicago, came across a job opportunity that would prove to be a crossroads in her life. Swiss Reinsurance Company Ltd. was hiring for a position in Mexico City. <br /><br />‘I was seeking an international experience, but it wasn’t a popular approach to take an entry-level opportunity at what would be essentially a very low salary,’ said Larsen, now Head P&C BM Bratislava, director, Property & Casualty Business Management at Swiss Re.
Jim Beck, the suspended insurance commissioner of the state of Georgia, will be going to trial over allegations that he defrauded his former employer of $2 million.
For more than six decades, innovators have attempted to unlock the full potential of artificial intelligence (AI). It wasn’t until the past decade that the science finally caught up to expectations.
In the popular Terminator movies, a relentless super-robot played by Arnold Schwarzenegger tracks and attempts to kill human targets. It was pure science fiction in the 1980s.
Meredith Barnes-Cook, Ushur’s global head of insurance, is participating in a panel on process automation called ‘Build your digital capability by leveraging technology to streamline and automate claims-handling processes’ at this year’s Intelligent Insurer Claims Innovation USA virtual event on July 14.
The first appellate court to consider a COVID-19 business interruption claim has ruled in favor of the insurer holding that coverage for business losses resulting from the COVID-19 pandemic and related government orders is not triggered under a commercial property policy because there is no ‘physical loss’ or ‘physical damage’ to property.
Diversity, equity, and inclusion (DEI) are words that have become increasingly prevalent within the insurance community. Yet, to make a meaningful impact, organizations must be intentional in how they approach DEI and prioritize inclusion and equity at all levels.
The COVID-19 pandemic had a devastating impact on businesses and workers worldwide. Companies had to adopt online business models to survive, which forced an unprecedented workforce migration as employees left their offices to work from their homes.
