The wave of natural disasters that struck North America and the rest of the world last year led to an increase in insured losses seen in 2016 to $144 billion for 2017, according to a recent Swiss Re report. Yet the catastrophic year also led to a reckoning for property insurance pricing as rates continue to rise.
Due in no small part to the power of social media, both individuals and organizations are increasingly held to account for their actions by the public in today’s world.
Jay Kittrick came to survey the tornado damage Friday, but he wasn’t looking as intently as usual. An independent insurance adjuster who has been dispatched to natural disasters around the country, he came to the township as a civilian.
Tesla is investigating how one of its cars appeared to suddenly catch fire on a busy street near Los Angeles. Cellphone video shows flames shooting out of the electric vehicle last week.
Thousands of El Paso County residents filed insurance claims as homeowners, towns and agencies began assessing the damage caused by Wednesday’s hailstorm.
Law enforcement, state officials and local leaders are working together to assess the widespread damage that occurred this weekend when flash flooding created an emergency situation in parts of the Keweenaw Peninsula.
Insurtech giant Lemonade has filed a lawsuit against ONE Insurance, its parent wefox Group and founder Julian Teicke, accusing the defendants of copyright infringement, breach of contract and violations of the Computer Fraud and Abuse Act.
An insurance adjuster has been sentenced to 10 years in state prison and ordered to pay nearly $700,000 in restitution to a half-dozen insurance companies for his role in what prosecutors described Wednesday as a staged auto collision ring.
News Item: The Federal Reserve hikes interest rates by a quarter-point and signals two additional hikes this year and three in 2019.<br />Winner: The insurance industry.
Kellogg Co said on Thursday it is recalling an estimated 1.3 million cases of its Honey Smacks cereal from more than 30 U.S. states due to the potential for Salmonella contamination, in the latest case of U.S. food products possibly tainted by the illness-causing bacteria.
Two people fell to the ground from 34 feet in the air, when a roller coaster derailed on the Daytona Beach Boardwalk, fire officials said Thursday night.
INFORM, a global provider of fraud management and claims process optimization technology and the National Insurance Crime Bureau (NICB), the nation’s premier not-for-profit organization dedicated exclusively to fighting insurance fraud and crime, today announced a new technology partnership.
A fast-moving brush fire destroyed eight homes in the Utah tourist town of Moab, while more than 3,000 people in Colorado and Wyoming fled multiple wildfires scorching the drought-stricken U.S. West on Wednesday.
Barely have autonomous vehicles taken off on the ground, and Uber is already sending them to the sky. Los Angeles, Dallas-Fort Worth, Paris, and Dubai are a few of the cities where the company has plans to introduce aerial vehicles by 2020.
