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The racketeering and extortion charges each carry a maximum sentence of 20 years.
This year, homeowners in catastrophe-prone areas can expect rate increases of as much as 25%, Alera Group reports.
Here is some of what you may have missed during Day One of the Complex Claims & Litigation Forum in Las Vegas.
In 2023, no other asset class produced a better-performing bet for hedge funds than cat bonds.
Hailstorms cause an average of more $1 billion in property damage annually. But hail claims have skyrocketed in recent years.
The association will continue advocating for pre-disaster mitigation funding and offering state regulators scenario analysis resources.
Although home insurance costs are growing, there are ways to unlock lower premiums besides taking on higher deductibles.
Tornadoes can happen at any time of the year, but peak season for these often disastrous events in the U.S. is between March and June.
Despite some challenging years, cyber insurance is the fastest growing P&C segment, the Triple-I reports.
Insurance industry news from K2 OCONUS, GBN Worldwide, AgencyBloc and more.