Hiring the right mediator can make or break a settlement. That’s according to Lee Jay Berman, a full time mediator with a national practice based in Los Angeles, Calif. Berman’s first tip is to choose a mediator carefully. “I think …
Unpaid internships, illegal background checks, pregnancy and health-related employment discrimination continue to be the top trending employment practices litigation cases, according to industry experts. Claims costs are rising, in part due to the length of time it takes to resolve …
Long haul truck telematics have been around for a couple of decades but research suggests that adoption by other commercial vehicle sectors is expected to exceed that industry’s use by 2019, according to ABI Research. By then, more than 50 …
Superstorm Sandy made landfall on October 29, 2012 near Atlantic City, N.J., causing an estimated $18.75 billion in insured property losses, making it the third most costly U.S. storm, according to ISO’s Property Claim Services (PCS). Though there were more …
As fears that an Ebola pandemic is on the horizon, many businesses are looking to insurers to allay their fears. While an outbreak could potentially impact several lines of insurance including workers’ compensation, business interruption, supply chain disruption, general liability …
Suits related to violations of the TCPA Act, cyber breaches and concussions remain at the top as far as litigation trends go, according to industry experts. And while insurers are unlikely to be targeted as a direct defendant in a …
Despite well-intentioned policies intended to reduce the risk to public safety, police chases are still making headlines. Last month, six people were killed in Houston after their vehicle was hit by a suspect fleeing police. Last week, a dog was …
In light of businesses increasing usage of information assets and advancing technology insurers are pulling away from cyber coverage, according to Kevin Kalinich, global practice leader of cyber risk insurance at Aon Risk Solutions. “A big misconception is that these …
The ability to report claims via mobile devices and streamlining the payment process are among the advances in technology that have helped reduce the cycle time for auto damage claims, according to industry experts. In addition, technology has helped with …
Retiring Boomers, Graduated Teens, Smart Technology Converge to Reduce Auto Accident Frequency The claim frequency in private passenger auto insurance has been declining steadily over the past decade — a trend linked to a number of factors including a rise …