From sophisticated cyberattacks and deepfakes to social inflation and a plethora of pandemic-related business interruption claims, insurers have had a busy year.
Massachusetts law states "the unambiguous terms of an insurance policy must be strictly enforced and an insured's failure to comply with the notice provision of a claims made policy bars coverage."
According to claims data from Travelers collected over the last decade, vandalism claims increase 68% on Halloween compared to all other days of the year.