Insurance

Common reasons why workers’ compensation claims are denied – and how to avoid them

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Workers’ compensation insurance, also known as workers comp coverage, is a type of business insurance policy that covers the cost of hospitalization and other medical bills and a portion of employees’ lost income if they get seriously hurt or sick while doing their jobs. This form of coverage also protects business owners from the financial …

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Amber Heard files million-dollar countersuit against insurer

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Actress Amber Heard has filed a countersuit against her insurer, claiming that the company breached its contract when it refused to honor her $1 million liability policy for defamation claims, in relation to the infamous trial of her ex-husband Johnny Depp. The Depp v. Heard trial ruled on allegations of defamation between the formerly married …

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FM Global Center provides hands-on experience of risk

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International property insurer FM Global opened the FM Global Center in Singapore earlier this month, providing commercial property owners in Asia-Pacific the opportunity to see first-hand various risks that could lead to property loss, as well as learn about solutions to these risks. The Singapore experiential risk management facility is FM Global’s third research center, …

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Insurance – the week in review Nov. 21-25

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Alliant snags new SVP

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Alliant Insurance Services has announced the appointment of Rich Wilson as senior vice president in its employee benefits group. Wilson will be based in Houston. Wilson has more than 30 years of experience in individual and group benefits. His background includes marketing, sales management and operations. Prior to joining Alliant, Wilson oversaw employee benefits sales …

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NY governor directs state regulator to issue temporary permits to out-of-state insurance adjusters

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Following a historic winter storm that has buried parts of the state in nearly seven feet of snow, New York Governor Kathy Hochul has ordered the Department of Financial Services (DFS) to issue temporary adjuster permits to qualified independent insurance adjusters from out-of-state. The measure is being taken to expedite insurance claims related to the …

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Descartes selects new chief revenue officer

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“Climate change and emerging exposures are changing the risk landscape,” Bollaert said. “From Melbourne to Miami, the physical and financial implications of intensifying natural perils are on the rise, underscoring the need for a revolutionary shift in how we, as an industry, understand risk and provide insurance solutions. “I am delighted to be joining the …

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