Former National Football League player Sharrif K. Floyd, whose career ended after knee surgery, sued a Sompo International Holding Co. unit, a The Doctors Co. unit, Marsh USA Inc. and USI Insurance Services LLC, charging a $10 million shortfall in insurance proceeds.
  January 24, 2023   Business Insurance Liability Litigation Florida

With everything employers have on their plates, why should they care about Medicare Set-Asides, or MSAs? The main reason is: MSAs facilitate workers’ compensation settlements.
  January 24, 2023   Risk & Insurance Workers' Compensation

It’s a sign of the times at Tesla that I need to specify which issue is the moment of truth that I refer to in the headline. I’m not talking about the high-profile lawsuit that began last week into whether CEO Elon Musk owes damages to investors who bought stock in 2018 when he tweeted, falsely, that he had "funding secured" to take the company private.
  January 24, 2023   Insurance Thought Leadership Auto Fraud Technology

North American travelers were plagued by extraordinary travel disruptions over the recent holiday season, compounded by a ‘once in a generation’ winter storm that struck the US.
  January 23, 2023   Insurance Business Insurance Industry

The National Insurance Crime Bureau (NICB), together with the Coalition Against Insurance Fraud and the International Association of Special Investigation Units, has sent a joint letter to YouTube requesting the social media platform to take down all videos that provide ‘how to’ tutorials on carjacking Kia and Hyundai automobiles.
  January 23, 2023   Insurance Business Auto Fraud

Major auto insurers are pulling back in the California marketplace because they are saying our drivers are just too expensive to insure. Californians are driving about as much as they were before the pandemic, but apparently not as well.
  January 23, 2023   KCAL Auto California

A man is dead after a late-night house fire was sparked by a lithium-ion battery in New York City, according to officials.
  January 23, 2023   CBS News Life & Health Property New York

Bad news for one insurance company. After failing for nearly 400 days to tender its policy limit of $250,000 in coverage, according to plaintiff counsel, an insurance company took an $8.5 million hit to its bottom line to settle a lawsuit involving a catastrophic injury after a wild series of events.
  January 20, 2023   PropertyCasualty360 Litigation Florida

With high inflation and pandemic tendencies holding on, consumer preferences and buying behaviors have shifted over the past few years. They come with consequences.
  January 20, 2023   Insurance Thought Leadership Auto

With the departure of the baby boomer generation from the workforce, the insurance industry faces an inevitable employment gap. Intriguingly, the insurance sector employs most working individuals 50 and older, and within the next year, close to a quarter of insurance pros will be looking forward to retirement within a decade.
  January 20, 2023   PropertyCasualty360 Insurance Industry

It’s Cyber Security 101: Multi-factor authentication and hard-to-crack passwords are table stakes for preventing incursions. Nevertheless, ‘Password,’ ‘12345’, and ‘Qwerty123’ are among the most commonly found passwords leaked on the dark web by hackers, according to mobile security firm Lookout
  January 20, 2023   Insurance Thought Leadership Risk Management

Situational variables have an effect on the degree of seriousness of these unexpected events, which causes management to try to find means and methods of stopping their occurrences or minimizing their negative impact on the organization.
  January 19, 2023   IRMI Risk Management Workers' Compensation

When severe weather events take place, not everything can be fixed overnight. There are only so many contractors and thousands of homes will likely need repairs ranging from major to minor.
  January 19, 2023   Canadian Underwriter Property

A massive 21-vehicle pileup on I-70 in Colorado during winter storm conditions forced the roadway closed on Wednesday, authorities said.
  January 19, 2023   Fox News Auto Colorado

As of yesterday, the National Flood Insurance Program (NFIP) had paid USD 2.2 billion in claims for Hurricane Ian, which made landfall in Florida as a major Category 4 storm in September 2022, an increase of almost 28% from the figure reported by the US Federal Emergency Management Agency (FEMA) on January 9th, 2023.
  January 19, 2023   Reinsurance News Catastrophe Florida

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