The insurance industry is on the verge of a monumental shift, driven by the integration of blockchain technology and smart contracts. Bob Brzyski For life and health insurance agents and agency owners ...

At first glance, some people may not see the similarities between the insurance and legal industries, but their impact and extension into every area of the economy cannot be denied. More than that, ...

Construction contracts at all tiers usually include terms requiring certain types of insurance, and often contain related provisions about indemnity. This “boilerplate” can be important if a job goes ...

Risk allocation is a fundamental principle in commercial contracts. Each party seeks to minimize its risk while maximizing its reward. Often, the more one party’s risk decreases, the more the other ...

In Part 1 of this series, we introduced the Federal Acquisition Regulation’s (FAR) approach to insurance and risk allocation in federal procurement, focusing on FAR Part 28 and the insurance-related ...

Lena Muhtadi Borrelli is a seasoned insurance writer with several years of experience writing as an authority for respected financial sites such as Forbes, Time, Newsweek, Bankrate, CNET, Investopedia ...