An industry whose hallmark is pain management is now grappling with its own ailment for which there is no easy cure: legacy claims tied to long-term opioid prescriptions.
The specialist Lloyd’s of London insurance and reinsurance marketplace has now paid out $1.7 billion in claims following hurricanes Harvey, Irma, and Maria.
It’s a jewel heist with a twist. Thieves swiping jewelry is nothing new, but using your children in the process is. "It’s a real tragedy that they would use their kids to commit this crime. For us, that’s the most heartbreaking part," said Stephanie Martinez director at Bella Jeweler’s.
As car damage from 2017 storms in Florida and Texas threatens to set records, does it matter if your insurance company has to please stockholders and not just policyholders?
Officials in Ohio say a 13-year-old boy trying to kill a bed bug sparked an apartment building fire that displaced eight people and caused $300,000 in damage in Cincinnati, AP reported.
In a closely watched decision that could impact whether ratepayers are on the hook for billions in costs related to the Napa-Sonoma fires if PG&E is found at fault, the California Public Utilities Commission on Thursday denied a request from San Diego Gas & Electric to charge its customers $379 million in costs related to three huge fires that the utility’s power lines caused in 2007.
More than half of U.S. small- and medium-sized businesses (SMBs) experienced a cyberattack within the past year, yet only 14 percent of businesses felt prepared and protected, according to a recent white paper from the Insurance Information Institute (I.I.I.).
Eighty cars stolen in a single year — more than twice the city’s average — was the last straw for Greenfield police, who have asked aldermen to approve a measure calling for dealerships, and any business that fixes, rents or stores cars, to make sure vehicle keys are protected from thieves.
The 2017 Atlantic hurricane season, which officially ends on Thursday, will go down as one of the most expensive in American history. The notorious storms of 2017 — hurricanes Harvey, Irma, and Maria — may have had innocuous names.
A new Aviva Canada report revealed an auto insurance fraud trend costing insurers $2 billion every year. This added expense to insurers is leading them to increase premiums to compensate for the fraudulent claims payments.
We live in a time of rapid technological change, and industries of all kinds are being disrupted across the globe. The exponential growth of new technologies has enormous potential to transform the way we do business and it’s having a major impact on the insurance industry.
Two robbers disguised as elderly men got away with hundreds of thousands of dollars in jewelry. The heist happened Tuesday at a jewelry store on Dresden Drive in Brookhaven. Police say the men were wearing professional grade masks when they were buzzed into the store around 11:20 a.m. Surveillance video shows one man hunched over and hobbling with a limp as if he needed assistance.
Estimates of the damage caused when Hurricane Irma hit Georgia as a tropical storm in September continue to grow months after the winds and rain dissipated. The state Department of Insurance estimates that insurance claims from damage caused by the storm are now up to $670 million.
The rain across western Washington has caused flooding all across Skagit county. The Skagit River reached its highest level in 11 years Thursday causing major flooding in the towns of Hamilton, Mount Vernon, and Concrete.
