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Overall cyber claims frequency increased 13% in 2023, while claims severity increased 10%, according to Coalition, Inc.
Carriers are still making the adjustments they need to fix their loss and combined ratios from the previous two years.
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.
The volume of insurance-carrier lawsuits is down in the Sunshine State.
When the drying process of an oriental rug leads to damage, is there coverage?
Here's what spring 2024 weather patterns and computer modeling signal about the coming hurricane season.
Higher costs for live events coupled with risk-averse consumers mean ticketing platforms are eager for insurance partners.
Meg O'Toole Herman, agency owner with Goosehead Insurance, shares her advice for helping insureds prepare their homeowners' policies for a potentially active hurricane season.
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