Tropical Storm Elsa has formed above South America and is tracking quickly toward the eastern Caribbean, and is slated to move up toward the Florida Peninsula by early next week.
American International Group (AIG) has done something it has never done before – release an environmental, social, and governance (ESG) report – which AIG president and chief executive Peter Zaffino said is part of the insurer’s transparency pledge.
The general insurance liability insurer for the Champlain Towers South condominium has indicated that it will pay out the entire amount of its policy to cover any claims related to pending litigation and future lawsuits arising from the building’s collapse last week.
No one really likes change, and that is particularly true of the workers’ compensation industry and its challenged relationship with technology adoption. The pandemic did much to remove barriers and accelerate technological change in the industry, but much opportunity remains.
As I was watching the morning news, I heard some pundits, who obviously had no idea about insurance, claim that those people whose businesses, buildings, and inventories were destroyed by fire, vandalism, and theft during the so-called mostly peaceful demonstrations were not victims, nor were they harmed, because they were indemnified by insurance.
Firefighters remained on the scene Tuesday morning after a massive fire damaged five homes and an apartment complex under construction near 28th Street and Grant Avenue overnight.
Claims can make or break an insurance company’s reputation. If claims management, service, or outcomes consistently fall short of customer expectations, insurers will face an uphill struggle with regards to client retention and acquisition.
The Eleventh Circuit Court of Appeals recently held that, under Georgia law, an appraisal process tolled a commercial property policy’s two-year contractual suit limitation period even for non-covered claims.
Lamesans are continuing to pick up the pieces from a severe storm Saturday evening which caused damage almost certainly to total in the millions of dollars from high wind, hail, heavy rain and flooding.<br /><br />
In January of this year, I had lab work performed as part of a follow-up to a physical exam. It was nothing out of the ordinary and represented a series of blood tests ordered by my doctor.
The insurance industry has steadily been digitizing in recent years. It is taking advantage of technological developments in automation, offering apps to clients and introducing things like electronic proof of auto insurance.
Tropical Storm Danny formed Monday afternoon off South Carolina’s coast, and forecasters said the storm is expected to race inland over the U.S. Southeast while dumping several inches of rain in some spots.
Fears about COVID-19 infections in the workplace, questions about safety precautions, and concerns about vaccination rates are key reasons why some property and casualty insurance professionals say they are not enthused about a return to the office.<br /><br />
Losses from the winter storm that swept through the southern United States earlier this year continue to loom large among the concerns of property and casualty insurers, even as the nation contends with wildfires and anticipates yet another above-average hurricane season.
