Drew Rothman of R-T Specialty Explores Wood-frame Construction Trends & Challenges at CLM Conference

Hamilton, NJ, April 22, 2019 –(PR.com)– Drew Rothman of R-T Specialty, LLC’s National Environmental and Construction Professional Liability Practice (ECP) recently explored the wood-frame construction boom and strategies for managing the related and wide-ranging risks at the 2019 Claims and Litigation Management (CLM) Alliance Annual Conference held March 13 – 15 in Orlando, Florida. “Due to its low cost and availability, wood-frame construction is extremely popular for building everything from apartment complexes to multiuse facilities,” says Rothman. “But it does not come without the threat of liability. Contractors need to…

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British pet insurance payouts reach record £785 million level

Pet insurance payouts - GBP

Policyholders have shattered previous records in the amount they received from their claims in 2018. Pet insurance payouts in the United Kingdom struck record levels in 2018 when they broke the £785 million mark. The figure rose to this level despite the fact that the number of claims filed by policyholders actually fell, said the Association of British Insurers (A.B.I.). The industry trade body pointed to a rising cost of complex veterinary care to explain the payment size. The A.B.I. underscored the increasing cost associated with sophisticated medical care to…

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MFE Insurance Brokerage Offers Restaurant Insurance

Los Angeles, CA, April 22, 2019 –(PR.com)– MFE Insurance, a California entertainment insurance brokerage, recently announced that they will now be offering restaurant insurance policies. Restaurant insurance protects restaurant owners against risks and liabilities that may occur on their property. Without restaurant insurance, restaurant owners are at risk of lawsuits and liabilities that may financially cripple their business. Owning a restaurant comes with a litany of responsibilities and a wide range of risks and liabilities. All restaurant owners face the same common set of risks, including food safety and storage,…

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Bill Cosby’s insurance company is “despicable”, says the fallen celebrity

Bill Cosby’s insurance company - Bill Cosby's Star on the Hollywood Walk of Fame

AIG has allegedly settled a second lawsuit without the imprisoned comedian’s knowledge. Bill Cosby’s insurance company has, for the second time in a month, allegedly settled a lawsuit without the celebrity’s knowledge. Cosby is raging against the insurer, A.I.G., for continuing this practice without his being aware or consenting. The comedian once known as “America’s Dad” released a statement against AIG’s actions on his behalf. “A.I.G.’s conduct is despicable and I can only imagine how terribly they’re treating their policyholders, who don’t have my means and my resources,” said Cosby…

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Notre Dame fire insurance is non-existent, but donations for repairs are high

Notre Dame Fire - Notre Dame Cathedral

The French State owned cathedral was self-insured as there isn’t coverage available for priceless artwork and structures. The devastating and heartbreaking Notre Dame fire was watched from around the world. Thoughts and prayers poured in to Paris expressing sympathy for the loss of so much of the historical and religious structure. At the same time, many were asking who would have to foot the bill to have it rebuilt. The cathedral was 856 years old at the time of the Notre Dame fire. It was irreplaceable unto itself but also…

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ASC President, Glenn Backus to Present a Session at RIMS 2019 Annual Conference & Exhibition

Nashville, TN, April 18, 2019 –(PR.com)– Glenn Backus, President of Third Party Administrator Alternative Service Concepts (ASC) has been selected to present at RIMS 2019 Annual Conference & Exhibition, the premier risk management, and insurance conference. Mr. Backus will lead a discussion entitled, “Claims Management Claims Performance Indicators” that will explore how to measure the effectiveness of your claims program. This “Thought Leader Theater” educational session is scheduled for Tuesday, April 30th at 3:50. Mr. Backus has over twenty years experience in the insurance industry, primarily from a technology and…

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Uber liabilities means the rideshare company “depends heavily” on insurance coverage

Uber liabilities - Uber app

The firm is on its way to its initial public offering and would not have reached this place without policies. Uber liabilities are widespread due to the very nature and size of the company. As it comes closer to its initial public offering (I.P.O.), many are recognizing that insurance coverage was integral to its success. The rideshare company is seeking to raise $10 billion along the way to its initial public offering. Uber Technologies Inc. openly acknowledges that it wouldn’t have been possible for it to reach this point without…

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