Putting the injured worker first is key to the “advocacy-based claims model,” which puts the worker at the center of all activity. “It focuses on improving the injured workers experience. Until now, most employers have focused on corporate outcomes.
The U.S. property/casualty insurance industry in 2016 will likely post an underwriting loss for the first time in four years due to higher catastrophe losses, competitive market conditions and auto liability challenges, A.M. Best Co. Inc. said Monday.
German carmaker Volkswagen will recall nearly 600,000 vehicles in the United States, most of them its premium Audi brand, over defects that could lead to fires or airbag malfunctions.
Ford just issued two new recalls, covering two wildly different vehicle segments. In fact, these two recalls exist on opposite ends of a number of spectrums.
This emerging market is rapidly growing strength throughout the United States with legalized cannabis. The marijuana insurance industry has exploded since certain forms and uses of medicinal cannabis received approval.
For buildings in parts of the snow-covered U.S. West, it has become a winter where the weak do not survive. The accumulated weight of snow has crushed an old lumber mill in Oregon, the main grocery store in a small Idaho town, a sports complex in Alaska and a conference center in Colorado, among others.
Every 45 seconds, a car is stolen in the U.S., for a total value of $4.9 billion in stolen vehicles during 2015. And as vehicles have become more sophisticated, theyve often inadvertently been left exposed to car theft in new ways.
New government estimates project that for the second straight year, the United States will see the largest leap in motor vehicle fatalities in 50 years. In the first nine months of 2016, the Department of Transportation estimates that 27,875 people died in motor vehicle crashes.
As frigid temperatures and wintry blasts have hit a large section of the nation, drivers are increasingly “puffing”warming up their parked vehicles before heading out on the road. The National Insurance Crime Bureau (NICB) warns that leaving an unlocked car running with the keys or fob inside can lead to two unwanted scenarios.
They have one-word names, their advertising campaigns throw around lofty concepts like optimism and their signature is digital reliance. The new face of insurance in North America wears a big smile and talks to customers using artificially intelligent chat bots.
Just when it seemed like carmakers had run out of vehicles to recall related to the deadly Takata airbag defect, more are added to the list: 772,000 Honda and Acura vehicles.
Thousands of rock salt lamps sold at Michaels are under recall due to shock and fire hazards. The recall involves about 80,000 rock salt lamps sold under the Lumiere brand.
Last March, Toshiba recalled the lithium-ion battery packs used in approximately 91,000 laptops that were found to overheat, posing burn and fire hazards to consumers. Now, the company is expanding the safety initiative, recalling an additional 83,000 units.