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The convenience and affordability of motorized scooters, mopeds and e-bikes also comes with a price in the form of injuries, sometimes fatal.
The contractor underreported payroll by nearly $1 million to lower his workers' comp premium.
The latest insurance industry personnel news from Swiss Re, RT Specialty, bolt and more.
Incorrect roof age data is a significant concern for P&C insurers, costing $1.3 billion per year in premium leakage, according to CBIZ.
One in five ultra-wealthy individuals plan to invest in real estate during 2024, according to Knight Frank.
The April 9 release outlines concerns over bias and transparency in AI-supported decisions, particularly in underwriting.
The sector's gross written premiums have been growing by 20%-30% annually since 2020.
Insurance companies are in a unique and powerful position to influence behaviors.
Estimates from the NHTSA also showed that traffic deaths of people ages 15 to 24 increased 6% in the first half of 2023 compared to the same period in 2022.
Manhattan island in particular features unique seismic hazards, says Megan Linkin with Swiss Re Corporate Solutions.
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