An engineering problem has forced another delay before salvage crews can start removing an overturned cargo ship that’s been partially submerged on the Georgia coast for more than a year, officials said Wednesday.
“Social inflation” is considered one of the major emerging risks that the insurance industry must face. While people may misconstrue the term as relating to the rising impact of social media on online behavior of netizens, it has actually to do with increasingly hostile legal environment that insurance carriers are facing today.
Hurricane Delta is gaining strength and size over the Gulf of Mexico as it takes aim for the Louisiana coast, which is still recovering from a powerful Category 4 storm six weeks ago that ripped houses from their foundations, peeled off roofs and tore trailers in half.
A Brevard County firefighter was arrested after investigators said he lit his home on fire in an attempt to defraud his insurance company, according to an affidavit from the Florida Bureau of Fire, Arson and Explosives Investigations.
When it comes to the apparent evils of workers’ compensation subrogation, the state of Arkansas truly believes that all an injured employee ever wants is a fair advantage.
A court last week approved a settlement totaling $800 million from casino company MGM Resorts International and its insurers to more than 4,400 relatives and victims of the Las Vegas Strip shooting that was the deadliest in recent U.S. history.
On a typical day, about 80,000 American drivers have accidents serious enough to warrant calling their insurers. After the initial shock comes a predictable sequence of worries: Was anyone hurt? Am I at fault?
The COVID-19 pandemic has had a significant impact on commercial and specialty lines of insurance, creating new trends that seemed to have reduced or changed risk in some areas.
Workers’compensation subrogation has another growing adversary—one that can slip in during the cover of night, gutting subrogation, and reimbursement rights, even after an insurance company or third-party administrator has spent thousands of dollars in recovery efforts.
In most insurance companies, it is time to take out the 2020 budget and see where line items need to move for next year. Did the claims organization meet objectives?
Hurricane Delta, the 25th named Atlantic storm this year, is moving toward the Gulf of Mexico and expected to take aim at the U.S. Gulf Coast this week as a major hurricane, the National Hurricane Center said.
A motorist died after faulty air bag inflators in their 2002 Honda Civic ruptured, Honda confirmed. It’s the 17th death in the US caused by a Takata air bag.
A panel of judges has preemptively moved to prevent 1,000 COVID-19-related business interruption (BI) insurance lawsuits from consolidating, which would have swamped the one judge overseeing all the cases.
