Features

Calculating Business Interruption Losses

Insurance broker Beecher Carlson has launched a cloud-based application called CyberSelect BI Vision to help educate policyholders on their exposure to business interruption losses from cyber risk. The app is a cyber business interruption calculator that helps companies analyze and …

California Bill Would Intercept Insurance Claims to Fund Child Support

California lawmakers advanced a bill that would intercept more insurance payments and use them to pay beneficiaries’ overdue child support. About a quarter of insurance companies now voluntarily participate in the program. It collects about $17 million annually from insurance …

Oklahoma, Texas Assessing Damage from Violent May Weather

Even though it meant the commencement of hurricane season, weather-beleaguered Texans are likely pleased that May 2015 has come and gone. Both Texas and Oklahoma were pelted during the month of May with all kinds of violent and deadly weather, …

How Wearable Devices Could Interrupt the Insurance Industry

Nearly 50 years after Captain Kirk began using his wrist communicator on the television show, Star Trek, wearable technology is taking hold. From Fitbit and Nike Fuelbands to Google Glass and Golden-I, the technology is influencing how people live and …

Oregon Woman Hit by Errant Golf Ball Sues Course

A California woman and her husband seek $900,000 in a lawsuit alleging she suffered serious injuries when struck by an errant golf ball while visiting the Oregon coast two summers ago. The suit filed in early June in Portland says …

Texas Case Highlights Tensions Over Telemedicine

A federal judge has determined claims made by the Texas Medical Board in adopting new telemedicine rules were “suspect” and barred the rules from taking effect until a civil trial can be held. The ruling by U.S. District Judge Robert …

Nevada Governor Signs Bills Authorizing Ridesharing Companies

Gov. Brian Sandoval has signed two bills to regulate ridesharing companies like Uber and Lyft in Nevada. Sandoval gave final approval to Assembly Bill 175 and Assembly Bill 176 at the end of May, just as cab drivers in Las …

P/C Direct Premium Written Up 4.5 Percent

Direct premium written (DPW) for property/casualty insurance companies continues to increase. At year-end 2013, nearly $546 billion of DPW was reported, which was an all-time high for the industry. For 2014, total DPW for all P/C insurers aggregately increased 4.5 …

Former Railway Workers File Asbestos Suit Against BNSF in Oregon

Three former employees have sued BNSF Railway, claiming they suffer from lung disease caused by job-related exposure to asbestos. The lawsuit filed earlier this month in Portland, Ore., says the men had to work with and around items that contained …

10 Things to Know About Personal & Commercial Umbrella

A personal umbrella provides an additional layer of liability coverage above and beyond the liability limit in auto and homeowner policies. Coverage starts at $1 million and goes up from there. —Bill Gatewood, corporate vice president and director of personal …

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