State Farm has filed suit against several chiropractors and medical providers claiming they have perpetuated fraud for the last 8 years, costing policyholders millions of dollars.
Although private flood insurance has grown in recent years, it remains less than 1% of direct premiums written, Fitch Ratings reported.
GlobalData predicts premium rates in Australia will continue to rise, leading to underinsurance and non-renewal of policies as customers struggle to afford their coverage.
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