On the surface, it may seem redundant to think that underwriters are averse to loss. After all, our job is to make sure the policies we write for our respective companies earn more in premium than the claims and expense dollars that are paid.
In 2017, Texas homeowners suffered significant losses from Hurricane Harvey, severe hailstorms and tornadoes around the state. Despite another year of bad weather, data from the Texas Department of Insurance (TDI) shows that justified consumer complaints continued to be low.
Liability risk for operators of unmanned aerial vehicles (commonly known as drones) will be affected by past court rulings concerning parked vehicles, a lawyer suggested Tuesday during a claims conference. And based on precedents set in the vehicle cases, it appears as though commercial drone users may be more exposed to liability than individual hobbyists who fly drones.
A new study, “Breaking Down Barriers,” released by Pacific Research Institute examines the economic impact of duplicative licensing regulations on independent claims adjusters underscoring the need for increased licensing reciprocity among states.
Anchored in flood-prone areas in every American state are more than 2,500 sites that handle toxic chemicals, a New York Times analysis of federal floodplain and industrial data shows. About 1,400 are located in areas at highest risk of flooding.
It was a morning of mayhem on the Gov. Mario M. Cuomo Bridge. As many as 25 vehicles were involved in 10 crashes, leading to a pile-up that shuttered northbound lanes for roughly three hours as snow piled up on the new $3.9 billion bridge Wednesday morning.
Authorities say three people were injured, including one seriously, in an explosion as workers transferred compressed natural gas at Phoenix-Mesa Gateway Airport in Mesa.
The day after Hurricane Irma passed, when water still shot up from broken mains and fallen trees covered most roads, Ken Kelly and a few of his roofers took a first peek around town.
Two men are dead, another man is in critical condition and two others suffered minor injuries after an outdoor crane accident at the Manitowoc Crane Manufacturing Plant Friday morning.
Another week, another recall. It’s almost become standard procedure, but automakers refuse to take any chances, and rightly so. The latest recall, according to the Associated Press, comes from Mitsubishi.
Duck, and dash for your basement … bolt your door … get vaccinated. America’s eight worst insurance criminals are here. They’re the newest members of the Insurance Fraud Hall of Shame.
In courtrooms, attorneys tell jurors about the duty of insurers to protect consumers from higher premiums wrought by fraudulent claims. No matter what your background or perspective, that’s hard to disagree.
Argo Insurance is planning to launch a new pilot program with insurtech startup Kinetic, a maker of wearable devices, aimed at preventing back injuries and corresponding injury claims from its restaurant, supermarket and retail clients.
Foxborough police sent officers to New England Patriots’ star Rob Gronkowski’s home Monday night to investigate a break-in that may have led to the theft of “multiple safes and possible guns taken,” according to a recording of a police dispatcher.
