In 2017 the insurance industry paid out $1.33 billion following a catastrophic event relating to climate change. This is the fifth time in seven years that the industry has paid over $1 billion annually for climate related losses. There are so many factors that contribute to these increasing losses that it's hard to pinpoint one issue. For water, people are finishing their basements more often, and weather events are becoming more frequent, resulting in catastrophic water losses. Thunderstorms with hail is another catastrophic event that can quickly add up, especially when gold ball sized hail is pouring down on a large city center (...)
Uber Insurance Risks, Are You Properly Covered For Ridesharing?
If you aren’t living in a major city perhaps you aren’t aware of Uber, or maybe you’ve heard the name but never really understood what they did. Basically, Uber is an app-based ridesharing service, which means they operate through a smart phone application or web browser. This application allows riders and drivers to connect (...)
Snow removal: Who’s responsible?
Winter has clearly arrived, which means the snow and ice have started to build up. And while renters might assume that their landlord is responsible for shoveling snow and other winter weather maintenance, that’s not necessarily true (...)