Federal authorities released the sprawling crime scene of the downtown Nashville bombing to Metro police Wednesday afternoon. The scene is now in the hands of the Metro Nashville Police Department and will be overseen by officers for the foreseeable future, the department said. Some buildings pose a structural danger, MNPD said in a tweet.
When Laura Langone, head of insurance operations at Airbnb, Inc., accepted the presidency of RIMS, the risk management society, for the 2020 term, she didn’t anticipate that the post would be primarily virtual or that she would be representing the society through one of the most challenging years ever for risk and insurance professionals.
It is hard to believe, even for insurance industry professionals, that first notice of loss (FNL) is the beginning of the P&C insurance claim management process. But that is too myopic a perspective.
Social inflation refers to social and political factors impacting access to insurance and insurance premiums, and lawsuit outcomes. Social inflation can cause an upward tick in the number of lawsuits filed and drive nuclear verdicts, which, in turn, can lead insurance companies to raise the cost of insurance and self-insured retentions, and potentially impact availability of insurance.
“Mr. Sherlock Holmes – You could not possibly have come at a better time!” the claims adjuster exclaimed. “This vehicle accident is a typical ‘he said, she said’ situation. Both drivers claim to have had the green light and there appears to be no way to prove which driver was at fault – it is an unsolvable case!” Mr. Holmes scoffed raising just an eyebrow, “Unsolvable?”
Seven train cars carrying crude oil derailed Tuesday and five caught fire, sending a large black plume of smoke into the sky north of Seattle close to the Canadian border, authorities said.
The COVID-19 pandemic has been with us for over 9 months now, with no end in sight. As more time passes, the impact on workers compensation is becoming more evident. However, we are still in the early stages of developing claims, and it will be some time before we have clarity on the full impact.
In American Bankers Ins. Co. of Florida v. National Fire Ins. Co. of Hartford, __ F.Supp.3d __ (9/21/2020), the Northern District of California of the United States District Court had occasion to consider whether allegations in an underlying complaint triggered a duty to defend and a late notice defense to coverage.
The COVID-19 pandemic has provided an opportunity for cargo thieves, with third-quarter thefts increasing each month year-over-year, according to data from CargoNet.
Good people, friends and former colleagues, are losing their jobs as big insurance companies lay off staff. The sliced tether to the mothership has some considering making the jump to insurtech.
The eight acrobats injured in a fall that sent them hurtling to the Dunkin’ Donuts Center floor in 2014 have reached a $52.5-million settlement with the Rhode Island Convention Center Authority and the company that manages the center.
A workplace injury or illness can be daunting. Life becomes uncertain. Questions arise about having enough money or retaining the same physical abilities after recovery. The mental anguish can make the entire situation worse.
It may be hard to believe, but NFPA’s latest report on Home Structure Fires shows that during the years 2014-2018, five general fire causes accounted for 86% of reported home fires, 95% of home fire deaths, and 83% of home fire injuries.
