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When Your Employee Is Arrested For Assault With A Dead Chicken

First, we should unequivocally state that the incident discussed here did not occur at a Waffle House. That little bit of information alone should be enough to make the risk management team at that august 24-hour a day institution jump for joy.
January 16, 2019 Liability Risk Management Florida

8 Key Insurtech Trends For 2019

The industry used to be a tech laggard. No more. Though there’s still much work to be done, most insurers are now better-positioned to capitalize on their investment in technology.
January 16, 2019 Risk Management Technology

Man In Claims Dispute Threatens To Torch Erie Insurance Office

Studies have found insurance companies to be among the most despised service industries, but few customers resort to making physical threats against a provider.
January 15, 2019 Auto Risk Management Weird Maryland

Lloyd’s Of London Hit With Federal Class Action Pointing At "Virtually Worthless" Insurance

Certain underwriters at Lloyd’s of London, insurance agencies, and Lloyd’s syndicates have been taken to court.
January 11, 2019 Excess & Surplus Lines Litigation Risk Management Hawaii

State Farm Granted First-of-its-Kind National Drone Waiver

State Farm will continue to use drones in its insurance operations. The insurer was granted a first-of-its-kind national waiver by the Federal Aviation Administration that will allow drone operations over people and flights beyond a pilot’s visual line of sight through November 2022.
January 11, 2019 Catastrophe Risk Management Technology

Reconnecting With Customers Via Claims

While every carrier manages claims operations in a slightly different way, there are three consistent technology setups currently in practice: Green Screen, Home-Grown and Modern.
January 9, 2019 Risk Management Technology

Cyber Security And Resilience

"Even as we focus on preventing and deterring malicious cyber activity, we must also maintain resilience as events occur.… By applying lessons learned from past incidents we can improve management of future cyber incidents and enhance the country’s cyber-resilience."
January 8, 2019 Excess & Surplus Lines Risk Management Technology

Dark Overlord May Prove To Be The Insurance Industry’s Biggest Threat

Cyber threats pose a nearly immeasurable risk to an industry based on stored private information. Dark Overlord is the name of an individual or group behind what may be a massive cyberattack on insurance companies.
January 8, 2019 Risk Management Technology

LA County Sues IBM’s Weather Channel For User Location Tracking

The city of Los Angeles is suing International Business Machines Corp.’s Weather Channel unit, accusing the company of misleading consumers about how their location data was being used.
January 7, 2019 Litigation Risk Management Technology California

Looking Ahead: The 2019 Risk Landscape

As we enter the final year of this decade, the list of concerns that will keep risk managers up at night continues to grow.
January 3, 2019 Liability Risk Management

How The Claims Business Came “Out A Cave And Onto The Starship Enterprise”

In 2018, insurtech investment and interest from insurers in technology solutions appeared to keep up with trends seen in previous years, though not all segments of the insurance industry have seen equal enthusiasm for value propositions that aim to improve business processes.
January 2, 2019 Risk Management Technology

Drone Users May Lack Coverage In CGL Policies

A recent California court decision highlights the fact that many policyholders who use drones may be unaware they do not have liability coverage for their use under their commercial general liability policies.
December 19, 2018 Excess & Surplus Lines Liability Risk Management

"Woefully Underinsured" Santa Rosa-Area Wildfire Victims File Bad Faith Suit Against CSAA

Like many local wildfire victims, Larry Spanier would like to rebuild his home in the Fountaingrove neighborhood that was burned to the ground in the October 2017 blaze.
December 19, 2018 Litigation Property Risk Management California

Why Bother? (And Other Bad Thinking)

Have you ever heard yourself saying those words? “Why bother speaking up? It won’t do any good.” Or, “I’ve tried speaking up in the past, and no one cared.” Or, “Speaking up isn’t valued around here. I’ll just keep my head down and do my job.”
December 18, 2018 Risk Management

European Insurance Companies Seek To Reduce Risks From Carbon Dioxide And Coal

European insurance companies are boosting their investments in green energy at the same time that they’re letting go of certain carbon intensive businesses. This move is being made for the purpose of doing their part to cut back on risks associated with climate change.
December 17, 2018 Risk Management
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