Dana Stone had finished wrapping Christmas gifts while watching a Hallmark Channel Christmas movie Tuesday afternoon with her dog, Isabella, when she heard a loud pop. The power cut. Outside, she heard a loud hum — then crashing, the pattering of rain and the howl of wind.
On Friday, November 30th, a magnitude 7.0 earthquake struck Alaska, approximately 10 miles northeast of Anchorage. Thankfully, the damage appears to be limited mainly to property loss, and a lot of that can be attributed to Alaska’s stringent building codes and standards.
The Illinois Supreme Court has somewhat clarified an injured employee’s rights to pursue a third-party case by intervening into a third-party subrogation suit filed by the workers’ compensation carrier, even after the personal injury Statute of Limitations (“SOL”) runs.
Have you ever heard yourself saying those words? “Why bother speaking up? It won’t do any good.” Or, “I’ve tried speaking up in the past, and no one cared.” Or, “Speaking up isn’t valued around here. I’ll just keep my head down and do my job.”
A 56-year-old chiropractor has pleaded guilty for his role in a massive workers’ compensation insurance fraud and conspiracy scheme, the Los Angeles County District Attorney’s Office announced today.
Long before the Camp fire raced through Northern California, claiming at least 86 lives and all but erasing the Gold Rush town of Paradise, state law required the three big power monopolies to file detailed strategies to prevent wildfires.
An early-morning fire swept through a Bellair mansion Saturday. While crews are still trying to determine what sparked the fire, a community is rallying behind the family whose home was left in ruins.
FEMA’s National Flood Insurance Program (NFIP) has received flood claims on more than 800 homes that were damaged in the Oct. 16th flooding in central Texas. Thus far, payments for insured losses have exceeded $22 million and could exceed $30 million when all claims have been filed and paid.
European insurance companies are boosting their investments in green energy at the same time that they’re letting go of certain carbon intensive businesses. This move is being made for the purpose of doing their part to cut back on risks associated with climate change.
The sharing economy is a system in which individuals may rent their possessions or time to other individuals, often through an app or website. Although the term first appeared in the mid-2000s, New Economy Advisor April Rinne says that it didn’t become a household word until recently. Still, the sharing economy has caused radical change in a very short time.
Going beyond being an Airbnb for car-sharing, HyreCar now offers an innovative new insurance product that insures a vehicle on its platform even when it is not being rented out.
A woman convicted of setting fire to her Kane home in 2014 has been sentenced to state prison. Holly Lynn Gausman, 44, of Grampian in Clearfield County was sentenced to serve between 27 months and 84 months in state prison.
State Farm is working on a blockchain application to assist in subrogation, leveraging open-source software and in partnership with at least one other insurer.
The risks associated with disasters extend far beyond the initial destruction. For insurers, disaster damage assessment and claims processing can pose both significant financial risk as well as introduce personal risks for claims inspection teams.
