When Charlie Bacon was 21 years old and working on his first construction project in Philadelphia, an accident involving an elevator counterweight killed one of his colleagues.
When your employees are climbing up 250 feet above the ground to work in confined spaces, around high-voltage equipment located in remote areas subject to extreme weather and wild animals, the Workers Compensation exposures inherent to the job are enormous.
Insurance companies have struggled to maintain a positive image for customer service, but it turns out that carriers might be doing a better job than banks, at least in keeping small-business consumers satisfied.
From hamster balls to wall-to-wall trampolines, family entertainment centers look for new ways to attract more people looking to have fun. But that fun comes with risks that come at an increasingly costly price to insure.
Competition in the product-recall arena is heating up, and not because the economy is encouraging consumption. Rather, increased product scrutiny across markets is giving headaches to nearly every industry but insurance.
Every year, National Underwriter proudly recognizes those with outstanding loss-control, safety and return-to-work programs. If you have a unique risk-management approach or success story in how to better handle Workers Comp costs and exposures, enter yours in the award program today.
While it may lack the twists and turns of the test tracks used by Porsche and Ferrari, Liberty Mutuals skid pan at its Research Institute for Safety still sees a lot of stomach-churning drivingand the three-acre automotive test area employs a lot of serious science to help make roads safer...
Setting fires in the workplace is frowned upon by most employers, but at Chubb Insurance its an activity thats not only actively encouragedits actually an essential part of the companys profit picture.
While Chubbs fire lab has all the accoutrements of a typical classroomwhite boards and rows of desksit also is the sort of place that would cause the eyes of a child to light upor those of any adult with an inclination to learn how cool stuff works.
While the use of telematics-based insurance to date has primarily been seen in monitoring personal-vehicle use, insurers are increasingly relying on the underwriting tool in the commercial-fleet and trucking industries.