Title insurance is unique in the world of insurance. It indemnifies a policyholder for losses caused by defects in the title found to have existed on the date of the policy. As a result of its unique nature, title insurance is often misunderstood, which can lead to lengthy, costly litigation and difficulty settling cases.
The federal government is everywhere. It employs nearly 9.1 million workers, which is nearly 6% of total U.S. workforce. This includes nearly 2.1 million federal employees, 4.1 million contract employees, 1.2 million grant employees, 1.3 million active duty military personnel, and more than 500,000 postal service employees.
The property insurance industry has been steadfast in its position that COVID-19 does not constitute a “risk of direct physical loss,” the coverage trigger for business interruption (BII) coverage under the Insurance Services Office (ISO) “Special Causes of Loss” property form.
On Jan. 7, 2020, the California Supreme Court heard oral arguments in Montrose v. Superior Court, 14 Cal App. 5th 1306, 2017. The issue in the underlying continuous environmental contamination damage claim is whether the upper excess layer of coverage should participate in funding only after all directly underlying excess coverage during the coverage continuum exhausts.
Ever wonder what makes a person willing to commit insurance fraud? A new Insurance Speak podcast featuring Michael Skiba, an international expert on economic crime and also known to much of the world as Dr. Fraud, takes us into the mind of a fraudster.
A buzz phrase gaining momentum in the insurance market at the moment is “ecospheres of prevention.” It’s about using smart devices to monitor for signs of impending loss events, and to then signal that to policyholders.
As our nation’s population continues to diversify across racial, cultural, and ethnic backgrounds, so does our labor workforce. However, the rate at which the country’s labor force continues to diversify is not equally mirrored in our claims professionals and administrators.
With COVID-19 disrupting business, most employees in the insurance and insurtech industries have been forced to work from home. We are on week 12 of having most of our employees working remotely.
It has been two months since COVID-19 began to turn the U.S. economy upside down. Suffering massive losses due to the damage caused by coronavirus, businesses have quickly turned to their insurance companies for assistance.
Insurance companies have issued some of the loudest calls for climate action, and they rely on hard data to make their assessments. But a new report from Media Matters for America finds that major insurers are top sponsors of Fox News’ coverage of highly misleading pandemic coverage, using tactics it honed through years of climate denial.
My purpose today is to add some clarity and remind readers that, when it comes to most of the insurance products we sell, there is little, if any, insurance coverage response. But first, let’s take a look at what a GMO is, how long they have been around, and what they mean for agriculture and the food on your table.
The coronavirus pandemic is already changing the way that American businesses operate, at least temporarily. But look closely, and you can see the potential for long-lasting changes even after life returns to normal.
When it comes to claims, insurance companies operate like high-speed trains. Their goal is to take insurance claims from Point A to Point B as quickly as possible with no stops.
The COVID-19 pandemic has made it abundantly clear that risks are ever changing. In addition to assessing the risks of the pandemic, insurance professionals have to think about the ways in which it could affect their individual lives.
