Title insurance is unique in the world of insurance. It indemnifies a policyholder for losses caused by defects in the title found to have existed on the date of the policy. As a result of its unique nature, title insurance is often misunderstood, which can lead to lengthy, costly litigation and difficulty settling cases.
Researchers from Cass Business School suggest that Covid-19 will act as a catalyst for the industry-wide adoption of new digital initiatives in the insurance industry. They also suggest that the pandemic has uncovered the value to firms of having a Chief Risk Officer (CRO) to navigate strategy and identify opportunities.
COVID-19 appears to be kindling proud sentiments about employing Canadian adjusters, after social media posts triggered an age-old debate about using U.S. adjusters to handle catastrophe claims in Canada.
Dozens of fires were started on Fourth of July in the Sacramento area, some caused by the obligatory fireworks that celebrate the nation’s independence and others from less explosive sources.
The Kootenai County Sheriff’s Office confirmed two people died in a plane collision over Lake Coeur d’Alene on Sunday afternoon, and as many as eight people may have been onboard the two aircraft.
On May 12, 2020, the New Jersey Supreme Court answered a long-standing subrogation question regarding whether a workers’ compensation carrier is entitled to subrogation and/or reimbursement from a third-party tortfeasor who is covered by New Jersey no-fault insurance, even though the employee does not otherwise meet the verbal threshold allowing him or her to sue the tortfeasor.
Technology and automation are everywhere in workers’ comp. Artificial intelligence (AI) allows insurers to analyze workers’ comp claims and flag ones that could go awry. Apps check in on injured workers.
Every year we gather ’round for fireworks and fun, but did you know the 4th of July is considered one of the most dangerous holidays in the United States?
A severe thunderstorm that blasted through west Texas on Tuesday was so powerful that it caused dozens of freight train cars to derail, according to officials.
The only thing that remains constant is change. Earlier in 2020, claims personnel might have been advising their clients of huge potential claims values in jurisdictions such as New York, Philadelphia, and Los Angeles. They might even have spoken about the danger of being “reptiled” at trial. However, no one could have foreseen the entire world being placed on lockdown and commerce coming to a virtual halt.
The federal government is everywhere. It employs nearly 9.1 million workers, which is nearly 6% of total U.S. workforce. This includes nearly 2.1 million federal employees, 4.1 million contract employees, 1.2 million grant employees, 1.3 million active duty military personnel, and more than 500,000 postal service employees.
What are the top risks for businesses to focus on mitigating during 2020? Risks such as climate/environmental, and cyber, quickly spring to mind. However, it seems one other type of risk has leapt forward in the rankings.
The property insurance industry has been steadfast in its position that COVID-19 does not constitute a “risk of direct physical loss,” the coverage trigger for business interruption (BII) coverage under the Insurance Services Office (ISO) “Special Causes of Loss” property form.
A recall of bagged salads believed to be linked to an intestinal parasite outbreak across multiple states has been expanded to include products sold at some Walmart locations.
