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Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
From 2002-2022, physical damage and bodily injury claims grew more than 4.5%, annualized, the Insurance Research Council reports.
The American Medical Association reported nearly half of physicians 55 and older have been sued at some point in their careers.
The first six months of this year saw more than 23,974 vehicle thefts, according to the Council on Criminal Justice.
In addition, SafePoint Insurance and an affiliate are taking on nearly 20K policies from Louisiana Citizens Insurance.
In addition to keeping premiums, the broker also drafted fake certificates of insurance to cover up his crime.
The lower advisory rate is below the $1.50 average proposed by the Workers' Compensation Insurance Rating Bureau of California.
The National Weather Service expects record-setting temperatures for the early part of this week.
Growing use of artificial intelligence and machine learning is opening up new lanes of vulnerability.
The national median rent price now sits at $1,995, tumbling from a peak of $2,053 in August 2022.
The Maryland Insurance Administration offers recovery tips in the wake of the massive MOVEit data breach, which has affected more than 1 million people.