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WC Court Rulings, Legislation, And Advocacy-Driven Claim Outcomes

Florida is a great example of what happens when state legislatures pass bills or the courts rule in cases where the interests of many stakeholders are variously impacted in the aftermath.
April 4, 2019 Legislation & Regulation Litigation Risk Management Workers' Compensation

Is Any Body Safe? Insuring Medical Devices Against Cyberattacks

Cybersecurity is a hot topic in every area of business—including insurance—but medical devices may not immediately come to mind when considering immediate or long-term cyber risks.
April 4, 2019 Excess & Surplus Lines Risk Management Technology

Will Climate Change Impact Reinsurance Rates?

In 2018, natural catastrophes wreaked havoc around the world. Windstorms caused massive losses in the United States, Japan and the Philippines. Droughts hit the United States and Europe, and unusually large wildfires caused devastation in California.
April 3, 2019 Catastrophe Risk Management

Speaking To The Next Generation: Millennials And Gen Z Can Fill The Claims Talent Gap

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.
April 3, 2019 Education & Training Risk Management

Californians Sue DOI For Allowing Unlicensed, Out-Of-State Adjusters After Wildfires

Californians have filed a lawsuit against the state Department of Insurance for allegedly allowing unlicensed out-of-state insurance adjusters to offer their services after major wildfire events.
April 2, 2019 Catastrophe Legislation & Regulation Litigation Property Risk Management California

Smart Home Devices: The Security Risks

Smart devices have become a popular topic in the P&C insurance world. Tools like smart thermostats, smoke detectors and water sensors offer the potential to halt property damage before it starts, protecting insurance customers from injury, property loss or both. Yet these devices come with risks.
April 2, 2019 Life & Health Property Risk Management Technology

Crawford & Co. Offers Sensors For Water Leaks

Claims administrator Crawford & Co. on Monday said it has launched smart water-sensor technology to help reduce water damage claims.
April 2, 2019 Property Risk Management Technology

Impact Of Climate Change To Make Insurance Prohibitively Expensive, Says Munich Re

The largest reinsurance company in the world has cautioned that most people won’t afford coverage soon. For several years, insurance companies have been warning that the impact of climate change will be an expensive one.
March 29, 2019 Catastrophe Property Risk Management

How Sports Hazing And Abuse Affects Insurers

There seems to be no shortage of hazing and abuse incidents in the news lately. Earlier this month, a Miami University student was allegedly hit “with a paddle with spikes and grooves,” forced to drink large amounts of alcohol and smoke marijuana in a hazing incident.
March 28, 2019 Excess & Surplus Lines Risk Management

Technology Is Driving Down Claims Frequency In Workers’ Comp

The use of technology in the workers’ compensation space is bringing significant, and positive, changes to this insurance market.
March 27, 2019 Risk Management Technology Workers' Compensation

Cyber-Threat Awareness Requires Training And Vigilance

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.
March 21, 2019 Education & Training Risk Management Alabama Alaska Arizona Arkansas California

Insurer Pays $75,000 To Settle Disability Discrimination Lawsuit

A health insurance company has agreed to settle a lawsuit after it allegedly failed to accommodate a deaf job applicant.
March 21, 2019 Litigation Risk Management

Nearly Half Of Americans Don’t Have Home Inventory List In Case Of Disaster — Study

Nearly half of US residents have never made a home inventory list in case of a natural disaster, according to new data from Farmers Insurance.
March 21, 2019 Catastrophe Property Risk Management Alabama Alaska Arizona Arkansas California

More Than Half Of Consumers Willing To Release More Robust Data For Insurance Benefits

Nearly six in ten consumers are open to sharing location data and lifestyle information in exchange for decreased pricing in financial products and services.
March 20, 2019 Auto Life & Health Risk Management

Mold Damage From Allegedly Defective Work Excluded From CGL Coverage

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.
March 18, 2019 Education & Training Excess & Surplus Lines Liability Litigation Property Wisconsin
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