Boston-based Liberty Mutual Insurance has rolled out portable infrared cameras to its property field adjusters working commercial insurance claims. Water damage is one of the leading causes of commercial property claims, according to the insurer, with an average claim cost …
Workplace injuries and accidents that cause employees to miss six or more days of work cost U.S. employers nearly $62 billion in 2013, the most recent year for which statistically valid injury data is available from the U.S. Bureau of …
Massive blizzards that paralyzed much of the U.S. East Coast in the past few days are likely to cause “multi-billion” dollar economic losses in one of the worst storms in the region in over a century, reinsurance broker Aon Benfield …
Two of the most destructive fires in California’s history, the Valley and Butte Fires, ravaged nearly 150,000 acres in Northern California last fall and caused an estimated $1 billion in insurance losses. The Valley fire pillaged 1,958 structures in Lake, …
Employment of workers aged 65 or older grew by 101 percent between 1997 and 2007, while employment of individuals 75 and older increased by 172 percent, according to the Bureau of Labor Statistics. By 2020, one in four Americans will …
Twice as many patients with non-serious injuries, such as fractures or neck strain, are undergoing CT scans in emergency departments at California hospitals, according to a UCSF-led study, which tracked the use of the imaging from 2005 to 2013. While …
Officials raised the number of tornadoes that swept across North Texas over the weekend to 10, with preliminary figures showing the twisters caused $1.2 billion worth of insured damage. The Fort Worth Star-Telegram reports that the Insurance Council of Texas …
Effectively Limiting and Eliminating Bad Faith Claims by Leveraging Offensive, Aggressive Written Discovery Insurance bad faith claims are one of the most contentious and hardest fought types of lawsuits in all of civil litigation. In particular, a great deal of …
The average large business interruption (BI) property insurance claim is now in excess of $2.4 million, 36 percent higher than the corresponding average property damage claim of just over $1.7 million, according to a new report from Allianz Global Corporate …
Thanksgiving is recognized as one of the most heavily traveled holidays, with festivities both before and after the turkey is carved. As families prepare to hit the road this Thanksgiving week, new data from Progressive Insurance offers drivers a leg …