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Friction during the claims process following a catastrophe can strain customer satisfaction and cause a sharp decline in renewals.

The latest insurance industry personnel news from Ryan Specialty Holdings, Tinubu, Newfront and more.

Ransomware claims increased 38% between Q4 2022-Q1 2023, according to Aon.

The first half of the year saw 18 billion-dollar loss events worldwide and 14 of them occurred in the U.S., according to Aon.

Reinsurance, which is essentially insurance for insurers, helps drive the catastrophe-prone Florida insurance system.

While organizations cannot control the outcomes of natural disasters, they can create safe, flexible and inclusive work environments where employees feel secure and safe to return after a natural disaster occurs.

Property catastrophe reinsurance was the most challenging segment of the market during the recent renewal season.

The company is expected to be valued at well over $20 billion.