Activists have a new target in their fight to effect change on social issues: insurers. How can risk management help the industry turn outrage into opportunity?
The insurance industry has come a long way when it comes to its approach to diversity and inclusion (D&I). Gone are the days when companies focused on D&I solely because of the social responsibility they felt.
The Rising 2019 Workers’ Compensation Benchmarking Survey explored the experiences of frontline claims professionals for the first time. Few people know more about the state of workers’ compensation today than boots-on-the-ground claims professionals.
Adjuster turnover is a persistent and pernicious problem across the insurance industry. When claims professionals switch accounts, leave companies, or exit the sector altogether, it leaves their employers, policyholders and carriers scrambling to reconnect the dots.
Parts of Western Washington are covered in water, forcing families from their homes. The city of Sumas is flooded after the Nooksack River overflowed its banks overnight. Only once before this century has the entire city of Sumas been covered in water.
Strong winds ripped through much of the Inland Northwest on Saturday morning and Post Falls, Idaho, appears to be one of the areas that has been hit the hardest. Power outages have been reported throughout post falls due to fallen trees. The damage has escalated and trees are now falling on homes and breaking roofs.
Two people have died in a multivehicle accident involving a tractor-trailer that sparked a large fire which spread across all northbound lanes of an Atlanta-area interstate on Saturday morning, authorities said.
Collaborative robots aren’t just invading fast-food restaurants and warehouses. They will also take work from lawyers and underwriters. Recent developments in robotics and artificial intelligence have changed the playing field for automated technologies.
The head of a company involved in a massive explosion in Houston that killed two workers and injured 20 others on Tuesday backtracked on a pledge he had made earlier in the day to fix the hundreds of structures damaged by the blast.
Former U.S. Department of Transportation Inspector General Mary Schiavo, a partner at Motley Rice, said that lawyers would be looking at multiple facts, including the conversation between the air traffic control and the pilot just before Sunday’s crash, which killed the LA Lakers star and eight others. "Those next sentences could be billion dollar words," Shiavo said.
The U.S. Justice Department said on Thursday it will hold a public meeting on Feb. 19 to discuss the future of a federal law which largely exempts online platforms from legal liability for the material their users post.
Those of us who have worked in and around the commercial Insurance industry understand that it has a great responsibility to society. Without insurance, trains wouldn’t leave the terminal, power stations wouldn’t produce electricity, sports events wouldn’t happen, banks wouldn’t open — day-to-day life would simply cease to function as people cannot afford to bear the risk of operating.
As the effects of climate change increase in severity, world financial leaders debate over just how much the crisis is affecting the global economy. Back in February 2019, Morgan Stanley released a report outlining the costs of climate disasters in the last three years. Of the $650 billion in economic losses, $415 billion of that came from North America.
The Merlin Law Group blog cites a small portion of a lengthy Hastings Law Journal article written by Professor Chuck Knapp. Dr. Knapp did not like the use, by appellate courts, of the concept that there is a duty to read (DTR) an insurance policy.
