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Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
The global pet insurance sector is anticipated to see a 14.3% CAGR through 2030.
The potential for asset bubble bursts is the leading short-term concern among U.S. business leaders.
The Asia-Pacific region showed relatively low losses, but a wide coverage gap pervades the area.
More than two-thirds of retailers said the pandemic heightened the risk of organized crime, according to the National Retail Federation.
Most people are moving into locations with higher risks of floods, storms and extreme heat.
During Q4 2021, umbrella/excess lines saw the highest rate growth, increasing 11%, according to MarketScout.
The majority of the damage was concentrated in Louisville, Colorado, which saw 533 structures destroyed and 45 damaged.
This news follows two-consecutive years of higher-than-average named storms.
More than 20 states will see auto insurance rates increase by 1% or more, while 14 states will see declining premiums.
The Boulder Sheriff's Office reported it is working with investigators to better assess the damage but winter weather is slowing the process.