An international team of scientists, led by the University of Bristol, has found that current estimates of flood risk rely upon methods for calculating flood damage which are inadequately verified and match poorly with observations.
The Consumer Product Safety Commission is warning anyone with certain Honda portable generators to stop using them immediately due the risk of it catching fire and burning someone.
The chorus of Prince’s “Raspberry Beret,” Dolly Parton’s “Jolene,” Toto’s “Africa,” Lizzo’s “Truth Hurts” or Fleetwood Mac’s “Landslide” could all become common tunes around office bathrooms as employees become increasingly concerned about COVID-19.
Much has been written over the years about what sets great claims organizations apart from all others, but none of these analyses really apply anymore.
Salt Lake City was struck by an earthquake and subsequent aftershocks this morning. According to USGS, the quake had a magnitude of 5.7, a depth of 10.1 km (6.3 miles) and hit 4 km north-northeast of Magna, Utah, at 9:09 a.m. ET this morning.
Perhaps it was just plain ignorance. It might have simply been complacency. We have, after all, survived the end of the world a number of times. But this one caught us by surprise. Who knew that there would be so much to do during the COVID-19 end of days?
Virtual medical assessments could play a significant role in keeping the insurance industry moving along during the COVID-19 pandemic. But conducting such procedures will be changing as people are urged to stay home.
If the COVID-19 pandemic has taught the world anything, it’s that each event is different from the last. It’s not enough to have an abstract plan in place when disaster strikes. The most effective disaster recovery and business continuity (DR/BC) plans are those that organizations practice routinely.
In what’s believed to be a first in the U.S., a French Quarter restaurant is suing Lloyd’s of London, hoping a judge will order the U.K. based insurance market to cover losses caused by government-ordered closures due to the coronavirus.
The nature of mature, and by inference effective, risk management programs has claim management as a key focus as well. While risk maturity is directly correlated with risk effectiveness, this latter term encompasses a much broader perspective on things that matter.
No one in the workers’ compensation industry would argue that complying with state and federal regulations isn’t important. Claims professionals need to make sure they’re reporting information about claims to the proper state and federal agencies and they need to make sure their companies are in compliance with workers’ compensation laws.
The Risk & Insurance Management Society Inc. on Monday canceled its annual conference due to be held May 3-6 in Denver amid the new coronavirus epidemic.
As the world continues to deal with the fallout from the coronavirus, it occurred to me there may be some analogies that fraud-fighters may draw from this worldwide pandemic to help us better understand our own battle against insurance fraud.
We are all familiar with the concept of nurse triage to help manage work-related injuries. A new telemedicine concept, doctor triage, takes the idea to the next level. The telemedicine approach reduces costs, increases flexibility for both doctors and patients and allows for consultations 24 hours a day.
