Wildfires have burned a record 2 million acres in California this year, and the danger for more destruction is so high the U.S. Forest Service announced today it was closing all eight national forests in the southern half of the state.
I have spent a lifetime as an observer of the silly, senseless, useless, stupid and inane. In recent years I have had the privilege and opportunity to write about much of it in this blog, which, I suppose by extension makes it silly, senseless, useless, stupid and inane.
If you disagree with a co-worker on exactly what a catastrophe is, both of you could be right. There is no single standard definition of a “Cat,” with the industry’s loss costs — and even media coverage — among the factors that go into deciding whether an event is a Cat.
The economic fallout of the COVID-19 crisis has been an unprecedented challenge for the insurance industry, with its devastating effect on numerous businesses causing a surge in business interruptions.
Creditors of the defunct Ashby Farmers Cooperative Elevator Co. have settled a claim with its former board members for failing to uphold their fiduciary responsibility and monitor the actions of former manager Jerry Hennessey, who stole millions of dollars from the elevator.
Ford is giving new car buyers a way to save money on insurance now that millions of Americans are working from home and driving less than they were before the coronavirus hit the U.S.
Despite recent public health considerations, data and news reports show construction and sales of luxury single-family homes as a percentage of overall market share has grown over the past several years.
Commercial insurance faces a growing claims adjuster staffing gap. On the retirement end, there’s a rising tide of experienced adjusters leaving the profession.
A federal judge’s ruling in Missouri represents one of the first victories of note for policyholders as litigation over business interruption insurance continues to pile up across the U.S.
State Farm, the largest homeowner insurer in Louisiana by market share, has received 24,800 insurance claims from homeowners across the state after Hurricane Laura barreled through the Lake Charles region last week.
As wildfires burn homes across California, the state is also grappling with a different kind of climate predicament: How to stop insurers from abandoning fire-prone areas, leaving countless homeowners at risk.
The Kansas Court of Appeals is holding class on why it is important to have subrogation counsel in workers’ compensation subrogation third-party cases – even in states which are favorable to carriers.
