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In 2023, the number of dog bite and injury claims was up 8% compared with the year prior and 110% compared with the past decade.
Policyholders can take steps to prevent their policy premiums from climbing due to preventable claims.
Eight property and casualty insurers have recently been approved to enter the Florida market.
AI risk assessments may offer more advantages because they give insureds the tools and information necessary to monitor and improve their properties.
There is a 62% chance that a major hurricane will make landfall along the U.S. coastline.
Much like flooding, earthquakes are not typically covered by a standard home insurance policy.
Insurance industry news from Arch Insurance, NFP, PCF Insurance Services and more featured in weekly update.
Insurers across all lines wrote $960,802,932,489 in direct premiums in 2023, according to NAIC market share report.
Fortifying the property and understanding the nuances of homeowners insurance coverage mitigates losses for insureds and insurers.
Most auto and homeowners insurers are using AI tools in their marketing efforts to reach new policyholders.