The current insurance industry is in a quasi-crisis in terms of talent. Over the next couple of years, there will be a mass exodus of legacy insurance professionals which will create a vacuum that must be filled by young talent. The talent gap stats have been blasted all over insurance articles so I will refrain from regurgitating that data here as the point of this article is deeper than statistical analysis.

We’re in the thick of planning our 2020 Annual Conference next month in Dallas, and I’m personally very excited about our CCO Mini-Summit and several Annual Conference sessions on the hot topic of nuclear verdicts. Just like our Litigation Management Symposium last year, our focus on the nuclear verdict topic and the formation of a working group to tackle education on this issue was the idea brought to us by our membership.

Leaders who are intentional about building a collaborative culture will unleash the full capabilities of their team. If you are a manager, when was the last time that you remember someone on your team asking for help?

Traumatic brain injuries, often the subject of eye-catching headlines, are now drawing the attention of employers, providers, and judges in the workers compensation industry. But what exactly is a traumatic brain injury (TBI)?

As organizations grapple with more complex decisions and an ever-increasing pace of change, building a workforce equipped with the skills and experience to thrive in this environment is critical.

Finding this depth and breadth of talent means building a diverse workforce that covers full spectrum of diversity, including age, ethnicity, gender, thinking styles, disabilities and sexual orientation. This means leaders need to challenge their decision-making patterns.

1. You’d never know it by looking at social media

I’m not going to sugar-coat it. My 2019 was a year filled with disappointment at work.

Polyfluoroalkyl (PFAS) materials are everywhere — and they could be the next big threat to property claims exposure, warned one expert.

There are 22 million vehicles registered in Texas. There are also 13 million head of cattle, the most in the country and over twice the number of the state with the second-most—Nebraska. Cattle and cars intersect more often than insurance companies would like to think about.

A federal district court in Massachusetts has ruled that Massachusetts tort law does not provide for recovery of “inherent diminution in value” damages by a third-party claimant. The Bay State had long been one of only 15 states that do not have any court decisions regarding recovery allowed for diminution in value of a damaged vehicle in a third-party claim.

Those of us who have worked in and around the commercial Insurance industry understand that it has a great responsibility to society. Without insurance, trains wouldn’t leave the terminal, power stations wouldn’t produce electricity, sports events wouldn’t happen, banks wouldn’t open — day-to-day life would simply cease to function as people cannot afford to bear the risk of operating.

The Merlin Law Group blog cites a small portion of a lengthy Hastings Law Journal article written by Professor Chuck Knapp. Dr. Knapp did not like the use, by appellate courts, of the concept that there is a duty to read (DTR) an insurance policy.

The dumping of five candidates from Australia’s 2019 federal election for offensive social media posts served as a reminder of the damage that a poorly managed social media profile can do to a person’s career. An ill-timed comment, a thoughtless response, an opinion that you might change or an action you may come to regret later can’t be erased in a digital era, and so your social media profile can haunt and derail your career.

A new member/fellow benefit is coming to CLM’s webinar series in 2020: In addition to offering topical and practical information nearly every week, many of these webinars will now qualify for an hour of continuing education in certain states.

We are stuck in a self-destructive cycle because an industry-wide culture that rejects true innovation leads to a huge talent deficit that prevents innovation.

Compliance with the Medicare Secondary Payer Act (MSP) in a workers compensation, general liability, or no-fault settlement requires a multi-faceted approach to satisfy three pillars—past, present, and future—of protecting Medicare’s interest.