On May 11-16 a series of wind, hail and rain storms struck most states east of the Rocky Mountains. Karen Clark & Co. a catastrophe modeling firm, estimates that the storms will cost insurers $2.5 billion.
Substance abuse and mental health insurance claims have spiked over the last decade, more than doubling during that time, said a new report. Moreover, the driving force behind this staggering growth rate is young adults and teens.
With marijuana becoming more widely accepted, both socially and legally, those involved in workers’ compensation are seeing the drug creep into their purview with higher frequency.
WIth back injuries affecting 1 million workers a year and accounting for 20% of all workplace injuries, according to the Bureau of Labor Statistics, AIG was looking for a solution.
In cases that involve bodily injury allegedly caused by opioid addiction, one of the first questions liability insurers and their counsel should ask is whether the claim triggers their particular policy.
With hurricane season in the US about to take off, insurance experts would do well to look back on events from the past year and consider the implications of hurricanes that submerge communities versus ones that blow them away.
Ark Encounter filed a lawsuit against its theme park insurance company. It claims to want to recover what it states were $1 million in repairs, in addition to legal costs and fees, and an undisclosed amount of punitive damages.
Soft tissue injuries — generalized sprains, strains and pains — have long been a source of anxiety for workers’ compensation risk managers, as these claims are more susceptible to subjective findings and can quickly become inundated with narcotics and surgery requests.
A federal appeals court on Wednesday upheld a lower court decision and ruled against Starr Indemnity & Liability Co. in coverage litigation with a marine pollution insurer in a case involving two grounded oil barges.
Michigan Governor Gretchen Whitmer officially signed a landmark no-fault auto insurance reform bill today (May 30). The legislation, which passed with bipartisan support, is designed to lower the state’s ‘extortionate’ insurance premiums by letting drivers forego a one-of-a-kind requirement to buy unlimited medical coverage for crash injuries.
More people are being forced from their homes as several wildfires rage out-of-control in northern Alberta and blanket areas to the south in an acrid haze.
Every year, more than 170 billion cell phone texts are sent and received. Each year, an average of 3,000 people die and 450,000 are injured in motor vehicle accidents involving distracted drivers.
