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.

Put your hand up. Sometimes, that simple act of self-nomination is all it takes to kickstart a positive career trajectory. And yet sometimes, it feels like that arm is weighed down by a lead balloon.

Firefighters in the western United States face a shared struggle with others around the world who battle wildfires as the “seasons” for these events seem to grow longer and more destructive every year. Climate change and human encroachment on wildlands—driven by property development and agriculture—have fostered conditions that increase fire risk in disparate regions, from California, to Australia, to the Amazon rainforest, to Siberia.

Which is worse: A poker player who almost always folds, or a poker player who almost never folds? Players who always fold—unless they have a royal flush or something close—will virtually never suffer a costly defeat.

The biggest question I ask all my clients this time of year is, what did you learn from the previous year? What went right, what went wrong, and what are you learning from both?

We focus a lot on the importance of retaining top employees. It reduces cost, increases productivity, builds trust and camaraderie—and the list goes on. However, we rarely discuss the elephant in the room: everyone eventually quits, even your best employee.

When it comes to mediation, there is no one-size-fits-all approach. Regardless of the case, though, the key to a successful mediation is preparation and communication.

Technologies in the artificial intelligence family have great potential in insurance, according to a recent SMA survey of P&C insurance executives. This should come as no surprise to anyone following the developments in machine learning, natural language processing, computer visioning, chatbots, virtual assistants and related technologies.