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- Insurers harness cloud power and reduce tech debt May 23, 2023Insurers understand the need to replatform by migrating to the cloud to enable innovation and growth. At the same time, they are taking a hard look at their legacy blocks to determine the business value of converting them. Doing so opens the possibility to decommission the legacy systems and reduce their technical debt. Some carriers… […]Shay Alon
- Intelligent ingestion: The start of commercial digital insurance May 2, 2023For over a decade, we have pretended to be paperless. We tout the fact that the file cabinets, the 7-part specialized file folders, and massive mail rooms have all been eliminated and reduced, and claim that we are paperless. But we know it isn’t real. Today’s paper is PDFs, excels, and adobe. The filing cabinets… […]Michael Reilly
- Insurance News: Generative AI experience, efficiency and risk April 25, 2023Every day we see headlines about generative AI. For the insurance industry, this technology offers acceleration in many areas in which AI-led transformation is already underway. But, like any emerging technology, it also introduces new areas of risk. In this Insurance News Analysis, Abbey Compton and I are joined by Daria Lee Sharman for a… […]Kenneth Saldanha
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- The 2023 Hurricane Season: Are Insurers Prepared for the Growing Risks? June 2, 2023This post is part of a series sponsored by CoreLogic. As the 2023 Hurricane Season approaches, it is crucial for coastal and inland communities alike to understand and prepare for the potential risks associated with hurricanes. The North Atlantic Ocean …Admin
- Prop 103’s Author Isn’t the Final Word on What Prop 103 Says May 31, 2023It’s been 35 years since Californians voted by a narrow majority to pass Proposition 103, completely overhauling how the nation’s largest state regulates the business of insurance. That’s an awfully long time. So long, it seems, that even the man …R.J. Lehmann
- How Disasters and Inflation Fueled Insurance Loss Ratios in 2022 May 30, 2023This post is part of a series sponsored by AgentSync. It’s no longer just a hypothesis that more and larger natural disasters, along with general inflation and social inflation, are driving up insurers’ claims costs. New data shows loss ratios …Alberto Vazquez
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- Invoking Appraisal Does Not Mean That Litigation Won’t Have Significant Delays—Why Go To Appraisal If You Cannot Get the Insurance Recovery Quickly? June 3, 2023One year ago, I wrote Does the Appraisal Process Violate the Constitution? This was about a Hurricane Irma appraisal case which is still moving at a snail’s pace. The parties have not even started the appraisal process because of all the issues being raised by the insurance company. The federal appellate court ruled last week... […]Chip Merlin
- How Does Indiana Treat the Twelve-Month Limitation Period to File Suit? June 2, 2023The whopping bad faith verdict I wrote about in Whopping Bad Faith Verdict Caused By Insurers Hiring the Policyholder’s Expert, almost never happened. The insurance policy required a lawsuit to be filed within a year of the loss. The lawsuit was not filed within that time frame. So, the “rest of the story” is found... […]Chip Merlin
- Learning Business Income and Extra Expense Insurance Through the Insurance Academy June 1, 2023The Academy of Insurance membership is a deal for those wishing to learn how the insurance product is supposed to work. Members of Merlin Law Group regularly schedule classes to learn how the insurance industry thinks about its operations and products. Professionals in the claims industry should join the Insurance Academy and learn from its... […]Chip Merlin
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- Top Advice For Graduates Trying to Start a Career March 8, 2023As of 2020, there is an average of over 4 million students who have graduated from colleges in the US. Congratulations to any readers who have recently graduated! Graduating from college can be the most exciting and terrifying part of your life. It is a period of immense change and uncertainty. While every industry is […]Society Insurance Human Resources
- 7 TIPS TO HELP PREVENT PIPE BURSTING THIS WINTER January 18, 2023Originally published January 29, 2019, updated January 18, 2023. Many parts of the country are no stranger to arctic air masses this time of year. This type of weather system brings both bitter cold and wind chills that create dangerous conditions for those in its path, affecting not only people, roads, and vehicles, but building […]Society Insurance Team
- A Guide to Safe Keg Handling January 11, 2023At one time or another, almost everyone who works in the restaurant and bar industry has been asked to change, move, or assist with a beer keg. If they are lucky, an experienced coworker will be able to provide instruction and guidance on how to properly move and swap empty kegs for full ones. Unfortunately, […]Society Insurance Risk Management
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- Nevada State Court Rulings Highlight Importance of Strategic Decisions Early in a Case June 2, 2023In a COVID-19 insurance coverage lawsuit that Hilton Worldwide Holdings, Inc. filed against several insurers in Nevada state court, two recent rulings in favor of Hilton highlight the importance of strategic decisions early in a case. After Hilton filed suit in Nevada, the insurers moved to dismiss the lawsuit under the doctrine of forum non... […]Michael S. Levine, Cary D. Steklof and Andrew S. Koelz
- The ABCs of EUOs May 23, 2023Insurers generally have a right to conduct a full, fair, and thorough investigation of a claim. Depending on policy language, one investigative tool available to insurers is the examination under oath, or an “EUO.” In an EUO, a representative of the policyholder is sworn-in, and an employee of or attorney for the insurer asks questions... […]Rachel E. Hudgins and Syed S. Ahmad
- It’s Too Late, Lloyd’s: New York Federal Court Finds Insurer Waived Late Notice Defense May 22, 2023A New York federal judge recently ruled that an insurer waived its late notice defense because a generic reservation of rights was insufficient to preserve it. As a result, the policyholder’s claim was preserved despite being submitted more than three months after the loss—a delay which would ordinarily be fatal under New York law. The […]Latosha M. Ellis and Janine A. Hanrahan
Gérald Mardirossian
