Live Insurance News

Addressing the Skills Gap in Cyber Risk: How Insurers & Brokers Can Bridge the Divide

December 17, 2024December 16, 2024 David Derigiotis

Cyber technology may be soaring, but with innovation comes vulnerability. With threats evolving in tandem with new technology, insurers and brokers increasingly need specialized knowledge in assessing and managing cyber risk. Acquiring this knowledge may sound easier in theory than reality. One of, if not the biggest, hurdle to overcome is bridging the significant skills gap in cybersecurity expertise. Across the insurance industry, this gap has led to challenges in effectively underwriting and communicating cyber risks for insurers. For brokers, this gap is both a challenge and an opportunity. By…

The Role of a Wrongful Death Attorney in Helping Families Heal

December 14, 2024 Guest Author

Dealing with the unexpected loss of a loved one is an emotional and overwhelming experience. When the death is caused by someone else’s negligence or wrongful actions, the situation becomes even more painful. A wrongful death attorney plays a crucial role in guiding families through this challenging time, helping them navigate the legal process while seeking justice and compensation. Here’s how these attorneys provide support and help families heal. Understanding Wrongful Death Claims A wrongful death claim is a legal action brought by the family of a deceased individual whose…

Maryland’s High-Stakes Race to Rebuild Key Bridge by 2028 Despite Legal Battles

July 30, 2024July 29, 2024 Ester Adams

Maryland is set to rebuild the iconic Francis Scott Key Bridge within the next four years, aiming for completion by fall 2028. This ambitious project carries an estimated cost ranging between $1.7 billion and $1.9 billion. The rebuild follows the bridge’s collapse on March 26, caused by a collision with the Dali container ship, leading to extensive damages and raising critical questions about maritime insurance and liability. Key Details of the Key Bridge Rebuild Plan David Broughton, spokesperson for the Maryland Department of Transportation, emphasized the significance of the project.…

Contractor’s Armor: The Ultimate Insurance Guide for Government Contractors

June 23, 2023 Guest Author

In the vast realm of government operations, the federal workforce relies on the expertise and capabilities of external companies known as government contractors to fulfill its diverse needs. These contractors, like behind-the-scenes enterprises, tackle specific tasks across vital sectors such as defense, infrastructure, and technology. However, as they undertake massive and intricate projects, it’s crucial for them to mitigate risks and protect their businesses. With the federal government allocating a staggering $637 billion to contracts in Fiscal Year 2021, insurance coverage emerges as a critical aspect of risk management for…

Professional Claims Solutions (PCS) Investigation Leads to Insurance Fraud Arrest/Conviction in Passaic County

January 23, 2018December 4, 2020 PR Article

Professional Claims Solutions (PCS) VCWC (Video Camera and Witness Canvass) Investigation uncovered a staged pedestrian accident. PCS conducted a thorough Video Surveillance Canvass and located a camera over two blocks away on a Passaic Housing Authority building that captured the staged accident. Upon the completion of the investigation, the individual depicted in the below video link was subsequently arrested and prosecuted for ‘Insurance Fraud’ by Passaic County Prosecutor’s Office. These types of investigations and companies like PCS are playing a major role in keeping insurance premiums as low as possible. Having video of an…

Swiss Re reports on commercial insurance market

October 18, 2012 Nordstrom

Commercial insurance market facing new challenges as economies evolve Swiss Re, one of the world’s leading reinsurance groups, has released a new report concerning the state of the commercial insurance market and the challenges it is beginning to face. The report highlights the changes an evolving global economy are having on the commercial insurance market, suggesting that this evolution is producing new risks that could harm the market if proper precautions are not taken. Despite these risks, however, the commercial insurance market is showing aggressive growth, especially in under-developed countries.…

Governor Corbett signs reform legislation for civil liability in Pennsylvania

June 30, 2011June 30, 2011 Nordstrom

Pennsylvania Governor Tom Corbett has signed a bill that would place a limitation on the liability of defendants in some negligence cases in civil court. The bill was put to a vote in the state House, where it was passed 116 to 83. This was the second similar bill that has been passed within three months. After the vote, it moved to Corbett. This despite the protests of Democrats, who said that the bill is being pursued by business organizations, but that it comes at the cost of the victims…