More than 200 million people and two-thirds of the 48 contiguous states are at risk from flooding, according to Edward Clark, director of the U.S. National Water Center. This demonstrates the major threat that flooding poses to the reinsurance industry in the U.S
Californias largest utility, Pacific Gas & Electric (PG&E) cut off power to parts of 22 counties in northern California Wednesday. Roughly 500,000 customers have been affected by the outage, and numerous schools have cancelled classes.
The digital revolution underway in the insurance industry is affecting nearly every facet of insurance, and claims handling and management is no exception.
Re/insurance giants Swiss Re, Allianz and Zurich are among a group 12 global companies that have committed to transitioning their investment portfolios to net zero greenhouse gas emissions.
Drone technology can significantly reduce claims processing costs, but barriers remain to universal adoption by insurers and claims adjusters, a panel of experts said.
A man in New Zealand, called into a meeting where he knew he would be getting fired, used an unusual tactic for the event. He hired a professional clown to sit in on the meeting with him.
Twenty-nine percent of employees surveyed agree their companies should regulate political expression on social media and 27% think their company should have a political expression policy, according to results released Wednesday by Clutch.
A talent shortage, diversity initiatives and the disconnect between education and practical skills are predicted to have a large impact on the industry.
“Drive-by” lawsuits are a growing risk for small business owners. As the name suggests, these suits are brought by plaintiffs who quite literally drive by storefronts, taking note of potential ADA violations like lack of a wheelchair-accessible ramp or too-narrow doorways, and sue the establishment without ever setting foot inside.
While on assignment in Paris in 2018, I made an appointment at Lloyds of London and decided to take the Eurostar train through the “Chunnel” to London.
As we continue to face a national opioid crisis, insurance adjusters need to keep their safety top of mind during the inspection of a drug-related claim.
New research examined the way a consortium-based blockchain approach using distributed ledger technology (D.L.T.) applications could save the insurance industry millions every year.
Joining dozens of CEOs of Americas biggest businesses, these insurance industry leaders acknowledged they are beholden to their communities more than their shareholders.