Features

Risk Management in the Metaverse

For many, the “metaverse” sounds like some obscure sci-fi fantasyland. You may be asking, where is it? How does one get there? Well, if you’re reading this article on a screen, you are already scratching the surface of what could …

The Infrastructure Crisis: As Business Losses Mount, New Demand for Utility Coverage?

When aging water pumps in Jackson, Mississippi, were shut down by floodwaters last August, knocking out water service to most of the city, companies that depend on clean water saw many of their customers and their revenue disappear overnight. Most …

What Ancient Roman Firefighting Can Teach Us About the State of Commercial Insurance Today

There are rare moments in one’s professional life when you can take what you were taught in childhood into present-day learning. I’m thinking back to my 8th-grade Ancient Roman history class, where I learned information that I had thought would …

Geico Saves $5.2M as Award to Woman Who Contracted STD in Car Is Overturned

Geico is off the hook, at least for now, from paying a Missouri woman $5.2 million because she said she contracted a sexually transmitted disease in the car of a man who is insured by the company. The Missouri Supreme …

Closed Ill. Plant’s Ex-Operator Settles Suits for $408M

The former operator of a suburban Chicago medical equipment cleaning plant has agreed to pay $408 million to settle hundreds of lawsuits alleging that the now-shuttered facility exposed residents to a toxic industrial gas and caused illnesses. Sterigenics announced that …

Wisconsin Barley Supplier Fined $174K for Exposing Workers to Hazards

A Wisconsin company that supplies malt barley to major craft breweries, home breweries, and other spirit and food production in the Midwest has again been found exposing employees to dangerous workplace hazards by federal safety inspectors. The U.S. Department of …

Florida Adjusters Say No Response From State Officials After They Alleged that Insurers Have Doctored Their Damage Reports

Almost two months after three independent adjusters told Florida lawmakers that insurance carriers have frequently doctored their damage assessment reports, the men said they’ve had no contact from state agencies about the allegations. And they’re now disputing assertions from state …

$930M to Curb Western U.S. Wildfires Crisis

The U.S. is directing $930 million toward reducing wildfire dangers in 10 western states by clearing trees and underbrush from national forests, the Biden administration announced in late January, as officials struggle to contain infernos made worse by climate change. …

Cyber and Business Interruption Top 2023 Threats: Allianz Risk Barometer

Cyber incidents and business interruption rank as the biggest company concerns for the second year in a row. That’s according to Allianz’s Risk Barometer 2023, which found that at the same time macroeconomic developments such as inflation, financial market volatility …

2022 Was a Banner Year for Billion-Dollar Class Action Settlements

Drugmakers and distributors that settled misconduct allegations related to the national opioid epidemic led to a banner year for class-action plaintiffs in 2022, with 15 settlement agreements that totaled $1 billion or more, according to a report by the Duane …

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