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Driven by strong winds and searing temperatures, the blazes are forcing thousands to shelter on beaches or flee wildfire-ravaged areas by boats.
Here are a few tips to help agents, brokers and carriers hold themselves accountable to clients in the new year.
Moody's outlook is stable due to support by ample capital, advances in technology and effective risk management.
For insurers, a key concern is whether the catastrophe models used accurately reflect the influence of climate change.
Moody's estimates insurance rates will increase by approximately 15% as a result of recent hurricanes and wildfires.
The International Red Cross estimates 13,000 homes have been destroyed in the Bahamas — making up nearly 45% of the total homes on the affected islands.
Evolving regulations, climate change and shifting demographics are becoming increasingly important to insurers and their credit ratings.
News from Goodville Mutual Casualty Company, Selective Insurance Company of America, Missouri Employers Mutual and more.
The eighth Allianz Risk Barometer incorporated the views of 2,415 respondents from 86 countries.
In the wake of a catastrophe, insurers are essential in mitigating policyholders' losses. Today, technology plays a critical role in this process.