As Eileen Garczynski sees it, her firm’s recent survey of lawyers’ professional liability claims is definitely a good news/bad news type of situation – although that ‘good news’ part might change in the near future.
Explosions led to a massive fire in the Eagleville section of Lower Providence Township, Montgomery County Thursday. Several townhomes were set ablaze, gutted and charred.
US property insurers and possibly some of their reinsurance providers are facing high-costs from severe storms and convective weather in May, with multi-billion dollar payouts expected by Aon’s Impact Forecasting unit.
Insurance giant UnitedHealthcare is cracking down on unnecessary emergency room visits with a new policy starting July 1 that the American Hospital Association says will jeopardize patients’ health and threaten them with financial penalties.
We were knocked down, but we got back up. When COVID-19 caught the world—including the construction and insurance industries—off balance in early 2020, no person or industry was spared from the direct impacts.
Rarely do claims professionals play a role in limiting liability, often because a loss has already occurred by the time they receive a new matter. That is one of the biggest differentiators in specializing in cyber-related claims, according to our next most-memorable claim interviewee, Christine Flammer.
The Iowa Supreme Court recently reversed the appellate court’s denial of an insurer’s motion for a directed verdict, finding that United Fire did not breach the insurance policy and did not commit bad faith during a property appraisal.
Wine grape growers in Texas and surrounding states filed a lawsuit last week against drug-maker Bayer-Monsanto and chemical giant BASF for the damage their cotton herbicide has caused to vineyards.
A medical marijuana patient is suing his former employer, claiming the company terminated his refinery job after he used prescribed cannabis while off the clock.
Consumer Watchdog has called out California insurance commissioner Ricardo Lara and the working group he convened to address the state’s wildfire problem in insurance terms, accusing the regulator of allowing insurers to meddle in rate adjustments.
An innovation strategy around big data and artificial intelligence will uncover insights that allow smart carriers to acquire the most profitable clients and avoid the worst. Companies that develop the best portfolios of risks will ultimately enjoy a flight to quality while those left behind will compete for the scraps of insurability.
The European Union’s executive body urged caution on Tuesday in the face of calls for a public-private scheme for insuring companies against economic lockdowns in future pandemics.
Traffic volume in the U.S. is often worse during the summer months, with sunny skies and warmer temperatures bringing people out of their homes and into their cars. This year, in particular, as pandemic restrictions ease across the country and Americans feel more comfortable traveling, we’re likely to see traffic volumes surge.
