The range of exposures facing corporation, as well as subsequent loss and claims scenarios, have increased significantly in recent years. There are rising court costs, disruptive recalls, political risks and environmental problems – all in the face of a challenging global pandemic.
One of our biggest challenges in dealing with COVID-19 is adapting traditional methods of limiting liability and risk transfer to our new environment. Contracting parties have long looked to provisions such as force majeure, limitations of liability, and indemnification to help manage risk.
Being an independent adjuster is not the same as having a job. We do not clock into work and receive a paycheck. We are INDEPENDENT. Isn’t that one of the main appeals for becoming an adjuster?
Diversity and inclusion (D&I) plays a critical role in business resilience, according to new research from Dive In, the global D&I festival for the insurance industry.
The crucial role that insurance plays in the resilience of societies, communities and countries has become clearer than ever during the COVID-19 pandemic.<br /><br />
When a 1,500-yard-wide tornado tore through the Chattanooga area just before midnight on Easter, thousands of buildings were devoured in a matter of minutes, leaving locals to rebuild their homes and lives.
On 16 September, Hurricane Sally made landfall on Wednesday near Mobile Bay, Ala., and the western portion of the Florida Panhandle as a Category 2 storm with destructive winds of 105 mph, causing significant rain and storm surge.
The COVID-19 pandemic has effected fundamental changes on society, business and our very existence. It perhaps cannot yet be characterized as the equivalent of the plague, cholera, smallpox or even some historically significant influenza strains.
The count of structures lost to the Almeda fire keeps growing, with more than 2,800 now tallied as having been destroyed by the fire, Jackson County Sheriff Nate Sickler reported Friday afternoon.
Tropical storm conditions will spread over the Texas coast on Monday as Tropical Storm Beta churns toward landfall, even as the storm is already bringing flooding to low-lying areas.
The concept of Extended Reality (XR) conjures up images of virtual computer worlds built as an escape from everything around us. Considering what 2020 has been like so far, that might seem pretty attractive, but extended reality provides us so much more than just an escape.
Following several years of acquiring various insurance brands, American Family Insurance is consolidating all its claims departments into one — resulting in an undisclosed number of cut positions.
Insurers should be tailoring their claims payment options to the type of claim a policyholder has, a U.S. payment provider said during a recent webinar.
For years, courts have generally viewed the appropriate trigger of coverage for malicious prosecution claims as a binary choice: either the coverage trigger date for the malicious prosecution claim is the date when the wrongful prosecution against the claimant began, or it’s the date when the accused’s innocence is vindicated in a court of law.
