Drugmakers Purdue Pharma LP have decided to stop marketing their painkiller OxyContin to doctors’ offices. This comes after a U.S. District Judge Dan Polster demanded for change and “impact” on the current opioid epidemic. Polster is in charge of over 200 lawsuits filed against drugmakers by local governments. Cities and counties have accused drug makers […]
Opioid addiction and overdose is at a peak, causing an epidemic in the United States. Researchers are finding that overprescription of painkillers are leading to the spike in addiction and overdoses. Medical marijuana advocates are pushing for a restructuring of the system where marijuana is prescribed over opioids in pain management. The problem for these […]
A helicopter had to make a crash landing in South Carolina last week. The helicopter was being operated by a student pilot and instructor when a civilian operated drone appeared in front of them. Trying to evade the crash, the tail of the helicopter hit a tree forcing a crash landing. The Federal Aviation Administration […]
Heavy snowfall and freezing temperatures can cause many problems for business owners. Exterior damage and leaks can be caused by snowfall, but property owners also have to be diligent about frozen pipes. In the event that a water pipe bursts, business owners can face damage costs as well as loss of income. New York City’s […]
You shovel paths and lay down salt to protect yourself and others from slipping and falling on ice. One thing most people are not aware of is protecting yourself from property damage that can be caused by ice dams on the roof. If you notice icicles hanging from your property, you may be headed towards […]
Scams are everywhere and we have all come across one in some form or another. A prince from Nigeria emailing you to borrow money so that he can get his inheritance. The IT expert that needs your information so he can fix the virus on your computer. The IRS employee who threatens arrest, deportation or […]
Oklahoma has become a hotspot for earthquake activity. It is suspected that the rise in earthquakes is due to increase of usage in disposal wells. Risk managers are trying to assess the damage so that they can interpret immediate and future risks associated with the seismic activity in Oklahoma. There are many factors that need […]
It is now 2018 and although we don’t have flying cars (yet), we are looking at a world being shaped by artificial intelligence. Artificial intelligence has made its way into the insurance market with carriers like Zurich Insurance in Europe using AI to cut back the time it takes to process insurance claims. They have reported […]
Most people would think that extreme natural disasters are the main reason for the costs of insurance claims. Although the frequency of storms is similar to the past, it is their immensity that is the difference. Surprisingly though, the most expensive claims are caused by other areas: pollution, emissions and product failure. Two industrial sectors that have […]
Just over 5 years ago Super Storm Sandy hit along the East Coast of the US causing damages totaling over $70 billion. The storm was also responsible for killing more than 280 people. Major US cities experienced flooding, structural damage, and power outages which they were ill prepared for. Businesses felt a huge impact, especially […]