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Fewer than 40 vessels were total losses in 2022, a 36% drop from the year prior, AGCS reports.
Underwriting has also tightened, particularly for properties on the coast or in areas prone to natural catastrophes.
Companies can implement specific procedures to help mitigate the impact of some phishing and cyberattacks.
The contractor faces five years in prison if convicted of workers' comp fraud and unlicensed contracting during a state of emergency.
Take a lesson from savvy insurance marketers and use this period of change to realign.
The agent, who pled guilty to the charges in 2021, kept more than $4.8 million in premium payments for his personal use.
DeSantis says the state's insurance regulation office is investigating reports of people being shortchanged or unlawfully dropped following the filing of their claims.
In this slideshow, we'll look at the average annual auto insurance premium for ten of the most popular EVs, according to ValuePenguin.
Massive job cuts at tech companies could prove a boon for talent-hungry insurers.
By 2025, 3% of all registered vehicles in the U.S. will be electric. This share is projected to reach 8% by 2030.
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