Autonomous Trucks Would Haul New Risks Into Commercial Lines
The emerging technology raises questions around what it means to 'operate' a vehicle and how liability will be determined.
Court Finds Coverage for CBD Claim Through Science
Because laws, regulations and rules governing cannabis are constantly changing, the applicability of certain exclusions to coverage may change depending on when a loss occurs.
Mobile Use Still Lagging for Insurance Sales, Claims
While mobile devices have become ingrained in our culture, both personally and professionally, consumers still aren't robustly leveraging insurance company apps, according to a survey from Lightico, which found mobile is the among least used methods for performing sales and claims functions.
Mitigating Workers' Comp Claims for Remote Employees
As many employees have adjusted to working from home, trading their cubicle for a kitchen table and the board room meetings for Zoom appointments, many have become accustomed to making a workplace out of practically anywhere.
P/C Insurers Turn in Solid First Half Performance
U.S. property/casualty insurers saw their net income jump to $37.5 billion in the 2021 first half, up from $24.3 billion the year before, as the country continued to recover from COVID-19's economic disruption.
New ISO Homeowners Policy Form Update
The Insurance Services Office (ISO) has unveiled an update to its homeowners' program. It's the first update in 11 years, which is a good thing. It begs asking why it took so long, but that's a question for another day.
Dawn of Digital Health Care: Risks & Strategies for Liability, Coverage
New tech can give a clear picture of a patient's health but requires health care operators to store even more personal data.
Month-Over-Month Average Renewal Premium Rates for Some Lines Are Up
IVANS® today announced the October 2021 results of the IVANS Index™, the insurance industry's premium renewal rate index. Year over year, nearly all lines of business, except Workers' Compensation, experienced an increase in average premium renewal rate. Month over month, premium renewal rates rose for lines of business including Business Owner's Policy (BOP), Commercial Property, and Umbrella while Commercial Auto, General Liability and Workers' Compensation decreased.
Biden Administration Announces Actions to Help Alleviate Supply Chain Challenges
The Biden administration announced a new set of immediate and short-term actions aimed at alleviating supply chain issues at the nation's ports, waterways, and freight networks on Tuesday, as the administration moves to implement the recently passed but unsigned bipartisan infrastructure bill.
Travis Scott, Astroworld Organizers "Unlikely" To Have Enough Insurance Coverage for Lawsuits
Legal experts say that the producers, subcontractors, and performers at this year's Astroworld Festival will likely face hundreds of millions of dollars in legal liability costs – and insurance might not be enough to cover for the damages.