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U.S.-based companies accounted for 20 of the top 50 largest nonlife insurers worldwide.
Natural disasters continue to be the leading driver of business interruption claims, Allianz reports.
Over the summer, double extortion became the standard operating procedure for ransomware gangs, BlackBerry reports.
More than 80% of consumers said past data breaches play a role when deciding where to shop.
The federal maps are static and only periodically updated by the Federal Emergency Management Agency.
More than 80% of insurers use cloud infrastructure today compared with just 29% in 2020.
After a lawyer supplied his employer with his CBD oil prescription and receipts, the firm refused to reimburse him on the basis that the oil isn't a pharmaceutical drug.
The Swiss Re Global Cat Bond Performance Index is up 18%, while the Bloomberg U.S. Treasury Index has dropped about 1%.
The latest insurance industry personnel news from Satellite Agency Network Group, Marsh, NFP and more.
With recent talk of claims inflation, insurers should not be panicked into putting away more reserves than necessary.