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Over the summer, double extortion became the standard operating procedure for ransomware gangs, BlackBerry reports.
Closing the gap between insurers and consumers is the essence of insurance humanization.
Challenges specific to P&C commercial programs require a higher degree of understanding and expertise.
The Maryland Insurance Administration hosted the South American regulator as part of the NAIC's International Fellows Program.
A dozen new fraudsters enter the Coalition Against Insurance Fraud's Hall of Shame in 2023.
MGAs can offer insurers a cost-effective entry into new or niche markets without having to make the typical expenditures associated with expansion.
As an industry, insurers have to ask themselves some tough questions now in order to navigate the future they all face.
The Swiss Re Global Cat Bond Performance Index is up 18%, while the Bloomberg U.S. Treasury Index has dropped about 1%.
Subrogation is often explained as 'stepping into the shoes of another,' and is a way insurers can recover losses in some cases.
Malicious actors use dark forums to carry out technology-driven crimes such as computer hacking, identity theft, credit card fraud and intellectual property theft.