Companies around the world are facing unprecedented inventory and supply chain issues, which has been brought on by the ongoing COVID-19 pandemic. In the western United States, ports are filled with cargo ships, and once easy-to-get supplies now require long …
Carmen Hall Soruco, 70, and her husband Antonio Soruco, 75, both of Novato, California, were sentenced after pleading guilty to workers’ compensation fraud charges. Hall was sentenced on multiple felony counts to two years of probation with full search and …
The families of two California firefighters killed in a 2020 blaze are suing several makers of life-saving equipment for negligence, alleging the devices were defective and caused their loved ones’ deaths, the Sacramento Bee reported. Porterville Fire Department Capt. Ramon …
The failure to follow lockout/tagout procedures was directly connected to the death of a worker in Sumas, Washington, when an agitator arm inside a tank he was cleaning turned on, according to the Washington State Department of Labor & Industries. …
Peter Zaffino, CEO of American International Group (AIG), said the company’s ongoing analysis of the increased frequency and severity of natural catastrophes has led to a decision to move its high net worth homeowners business to excess and surplus lines …
Following a pause to stabilize the vessel, the cyber market is poised for a wave of growth that could make it larger than the property catastrophe market by 2040, according to Gallagher Re. In fact, if the cyber market continues …
Litigation risk insurance refers to a relatively new set of insurance offerings that allow businesses to better manage the legal risks stemming from known litigation. There is a growing market for such products, which gives companies a new set of …
When I joined AIG — and the insurance world — in 2020 as global head of talent, the industry had already acknowledged that new and more diverse talent were necessary for its continued success. The challenge insurance organizations face is …
Auto insurance pricing is complex, challenging carriers to deliver competitive rates that effectively balance risk with profit potential. Fortunately, the evolution of telematics has streamlined the pricing process to introduce more tailored, fair and transparent insurance policies based on how …
Recently I was reading an article from the University of Pennsylvania Law Review entitled, “The Illusory Coverage Doctrine: A Critical Review.” According to the article, the Illusory Coverage Doctrine “is a doctrine of insurance contract enforceability, as opposed to interpretation, …
