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The latest insurance industry personnel news from Nexus Group, atNorth, Cytora and more.
A customer-centered approach with simpler terminology may boost add-on policy sales.
Despite the current hard-market challenges, now may be the perfect time to become an independent insurance agent.
Overall cyber claims frequency increased 13% in 2023, while claims severity increased 10%, according to Coalition, Inc.
Homesite Insurance paid the homeowners $691,305.12 under the terms of their insurance policy, according to the complaint.
Carriers are still making the adjustments they need to fix their loss and combined ratios from the previous two years.
Insurance industry news from MassMutual, Swiss Re, MS Amlin and more featured in weekly update.
State Farm and Whisker Labs report almost 10,000 homes have been saved from fire hazards using Ting.
The average coverage gap was 350%, meaning more than three-quarters of the cyberattack was not covered.
AI-based monitoring programs may prevent or mitigate the losses facing cyber insurers and policyholders in the coming years.
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