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The U.S. has experienced a record-high 25 disasters this year that have generated at least $1 billion in damages each.
Enlightened insurance leaders know the true catalyst for successful claims resolution lies in engaging employees.
As an industry, insurers have to ask themselves some tough questions now in order to navigate the future they all face.
The Swiss Re Global Cat Bond Performance Index is up 18%, while the Bloomberg U.S. Treasury Index has dropped about 1%.
Many insurance professionals are weathering today's unprecedented market hardening for the first time.
With recent talk of claims inflation, insurers should not be panicked into putting away more reserves than necessary.
An insurer claimed there was only an incidental connection between the victim's injuries and the bus she was in.
Non-tornadic gusts such as straight-line winds and derechos are occurring five times more frequently.
Cat bonds are rising in popularity as their returns trounce those of virtually all other debt markets.
During the past 12 months, 42% of small businesses that suffered a cyberattack lost revenue because of the incident, the ITRC reports.
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