Fudging information on a car insurance application to get a lower rate might not seem a big deal to you, but it is to car insurance companies. Lies and honest mistakes by customers and insurance agents cost car insurers an estimated $29 billion in 2016.
Dog bites and other dog-related injuries accounted for more than one-third of all homeowners liability claim dollars paid out in 2016, costing in excess of $600 million, according to the Insurance Information Institute (I.I.I.) and State Farm, the largest writer of homeowners insurance in the United States
The widow of an administrative judge has already received $150,000 in workers’ compensation death benefits and is suing the state of California, alleging an order requiring her husband to drive long distances to work caused his fatal heart attack.
Police in a California county have a warning for camera-toting thrill seekers: "You can lose your life and none of that is worth a selfie!" The message was posted on the Placer County Sheriff’s Office Facebook page after a woman fell 60 feet off the Foresthill Bridge on Tuesday.
U.S. personal auto underwriters increased premium rates “significantly” in 2016. But here’s the thing: it wasn’t enough. Loss trends are still outpacing rate changes. Also, the U.S. P/C industry statutory combined ratio will likely hit 108 in the coming months, a 3.5 percentage point rise and the weakest result in 15 years.
Does traumatic brain injury strike concern in your heart? If it doesn’t, it should. Traumatic brain injuries are not limited to people who are found unconscious at an accident scene or even those with a Glasgow Coma Scale result below 15 points.
Commercial property insurer FM Global announced on Tuesday that it has launched its Global Flood Map, offering a “one-stop consistent global view of flood exposure to aid businesses.”
Technological developments are leading to rapid changes in commercial underwriting and claims management as insurers access massive amounts of data to automate and streamline their operations, a panel of experts said.
Authorities in southwest Missouri believe a tornado is responsible for severe damage to several buildings, including a fire station and elementary school. The small town of Goodman was hit hard by a severe storm Tuesday evening.
Firefighters and construction workers frantically shoveled at a construction site where a man was trapped in a confined space Monday, authorities said. Two men were digging footings next to the wall when it collapsed, fire officials said.
Firefighters battled a massive gas-fed inferno Monday night at a commercial food processing plant in South Los Angeles, and officials said explosions were heard from inside the burning building.
Issues such as emotional distress and fear were highlighted as the top barrier to closing workers compensation claims, according to a study released Thursday.
The Insurance Council of Australia (ICA) has cautioned Australian insurance companies, businesses and residents that the damage from Cyclone Debbie is extensive and will be costly. In fact, the ICA declared it a catastrophe.
