Insurance, as an industry has one of the lowest unemployment rates in the United States, currently hovering around 2%. This is compared to a national average of roughly 4%. Average insurance employees work about 38 hours a week, and make about $34.00 an hour.
The quid pro quo premise underlying the social compromise known as workers’ compensation is simple: an employee injured at work receives no-fault medical expenses and wage replacement indemnity benefits and, in exchange, the employer is given protection from employee lawsuits and a statutory right to be reimbursed from the tortfeasor who actually caused the work-related injury – sometimes referred to as subrogation.
A proposal from State Sen. Bill Dodd, D-Napa, that would streamline residential insurance claims for victims of disasters such as wildfires passed the legislature today with bipartisan support.
Hurricane Laura is one of the most powerful storms ever to hit the US Gulf Coast, but its path avoided major cities such as Houston and New Orleans, causing less damage — to people and their towns — than initially feared.
According to the latest forecast from Colorado State University (CSU), it’s going to be a busy hurricane season, and we’ve already seen evidence of that along the East and Gulf Coasts.
New data suggests that slightly over 40% of the workers’ compensation claims filed in the state of Florida were refused by insurers, even though a good portion of the claims were made by first responders and healthcare professionals working on the front lines of the COVID-19 pandemic.
State Farm and Ford announced that they have entered into an agreement to share connected vehicle telematics data for usage-based insurance (UBI) products.
A peach recall has expanded to include loose peaches and peach products after 78 people were sickened in 12 states by salmonella poisoning linked to the fruit, the US Centers for Disease Control and Prevention said Thursday.
An Ontario court has ruled against an insurer’s attempt to dismiss a lawsuit in which an argument was made that the woman on the receiving end of a hit-and-run could have reasonably done more to get the driver’s information.
With remote work becoming more common, there has been a rapid increase in cybersecurity incidents among small to mid-sized businesses – meaning SMBs need to take steps to guard their data, according to cybersecurity firm DIGIGUARD.
While the processing of inbound and outbound payments in insurance isn’t exactly known for its speed, there are significant advancements being made by both insurers and solution providers to hasten delivery of payments and expand payment options.
