The overall market showed slight contractions from the year prior based on premiums written and earned in 2020.

Claims from the attacks are expected to focus on legal, forensic and clean-up costs.

The bond, which covers 10 active volcanoes on three continents, was launched on behalf of the Danish Red Cross to raise disaster relief.

The foundation noted that food insecurity continues to grow, with one in five U.S. households facing hunger issues.

Insurance fraud is one of America's largest crimes, with more than $80 billion stolen annually, according to the Coalition Against Insurance Fraud.

From a rise in home improvements to more attention being paid to dwellings, homeowners are showing positive behavioral shifts.

The bulk of the capital was raised in reinsurance markets, but insurance-linked securities could top 2020's record-setting pace.

Agents also should consider how easy and transparent the buying process is and making sure insureds' policies align with their risks.