Risk used to be relatively simple. If a local bakery wanted insurance, you would worry about the structure, the location, how it operated and could have a pretty good view of its risk profile. Today that same business is far more complicated and interconnected: Third party Point of Sale systems are used to process transactions…
While borrowing from your life insurance policy can be a quick and easy way to get cash in hand when you need it, there are a few specifics to know before borrowing. Most importantly, you can only borrow against a permanent life insurance policy, meaning either a whole life insurance or universal life insurance policy….
As the insurance industry continues to navigate the pace of change, complexity and uncertainty in our world, consumers continue to respond, expecting companies to be more responsive to their needs. 1. Evolving cognitive technologies will help insurers capture opportunity from more discrete market segments Technological advances in AI and data analytics are helping insurers further…
In an innovative lawsuit, the Seattle public school district is attempting to hold the digital titans behind TikTok, Instagram, Facebook, YouTube, and Snapchat responsible for the child mental health epidemic. The complaint was filed in U.S. District Court on Friday by Seattle Public Schools. The social media giants are accused of making a public…
An ex-insurance adjuster from Florida admitted guilt in a scheme to rob drug dealers. A audacious scheme in which suspects pretended to be law enforcement agents and robbed accused drug dealers in the Tampa area was carried out by a former Florida claims adjuster for State Farm Insurance and Berkshire Hathaway Group, who later entered…
The Massachusetts top court ruled in a pollution liability case that an insurer does not have a common law obligation to pay the costs expended by a company in an endeavour to avert an impending insured loss. The producer of salad dressing Ken’s Foods requested reimbursement from Zurich subsidiary Steadfast Insurance for the expenses…
