At least a dozen tornadoes have touched down across Pennsylvania so far this month. That means this April has featured more tornadoes than any other April in the state’s history, according to National Weather Service meteorologist Matt Steinbugl.
This week, the Artificial Intelligence conference in New York drew thousands of attendees to learn more about the many elements and practices that go into the popular field. That included the topic of ethics in AI and why organizations need to be aware of the negative potential of AI as well as its benefits.
A colleague recently diagnosed with COVID-19 was inundated with solicitations from plaintiffs’ firms looking to file suit against the cause of the exposure. A restaurant forced to close filed suit seeking coverage for business interruption losses in Louisiana. In case you didn’t know, COVID-19 claims are here.
The workplace is evolving, to the point that many people have no actual “place” from which to work. Some do their jobs remotely, while others work from locations such as their cars, if they are part of the gig economy.
The task of a claims handler is to investigate and resolve claims. The task of a trucking claims handler is to investigate and resolve claims with the added understanding of those features particular to commercial vehicles and the trucking industry.
This article is the second in a series of three articles addressing the potential pitfalls embedded in claims-made coverage triggers. The final article in this series will examine three additional claims-made coverage trigger traps and explain how to avoid them.
The mass exodus of claims veterans is upon us. On their journeys to the well-earned freedom of retirement, these experienced professionals are leaving a significant knowledge gap and a worrying amount of vacancies in their wake.
Anchoring occurs in third-party settlement negotiations when one side throws out a number in an effort to influence—or “anchor”—the way the opposing party values a claim. Our experience shows that anchoring directly affects the settlement value of injury claims, so it’s critically important for insurance adjusters to “own the anchor” in negotiations.
A recent Pennsylvania federal court decision reminds us all that when settling third-party cases that involve workers’ compensation subrogation interests, it is vitally important to understand all of the steps which are necessary to fully document and enforce any settlement agreement that involves a waiver or termination of any future workers’ compensation benefits.
Employees need training when it comes to recognizing potential cyber threats. They should be on notice that, no matter their position within an organization, they too are responsible for doing their part in maintaining security standards and following proper reporting protocols.
Following a contractor’s remodeling of a house, the home owner sued the contractor and its commercial general liability (CGL) insurer, Wisconsin Mutual Insurance, as well as its own homeowners insurer, Hastings Mutual Insurance. The home owner claimed the house was rendered uninhabitable by the contractor’s negligent work on a bathroom that resulted in leaking water, which caused mold to grow and then release the chemical trichothecene into the residence.
During my years in the insurance industry, I have been blessed to work with some dynamic, engaging, and brilliant professionals. I have also worked with others who were difficult and unprofessional—and, sad but true, some who were outright bigots.
Given the passage of time, one would think that all of the foreseeable problems claims-made policies can create would have been resolved. Such is not the case. In fact, the situation has gotten worse, to the point where a host of potential coverage gaps can now be found in just about any claims-made policy, irrespective of whether one is insuring directors and officers (D&O) liability, fiduciary liability, employment practice liability insurance (EPLI), professional liability, or any other liability exposure currently being written on a claims-made basis.
