This is a first step toward a broader effort to curb ransom payments to hackers.

Insurance industry news from Canopius Group, Clearspeed, NFP and more.

The policy stated that damage to property would be covered if the total cost of the destruction exceeded the deductible.

As it stands, the insurtech has roughly 170,000 home insurance policies in the state.

Insurance technology news from BDI Global, Betterview, ManageMy and more.

State Farm alleges the fraud scheme operated for more than a decade.

Underwriters, however, remain wary about the potential impact of climate-driven disasters.

The previous record of 1,862 compromises was set in 2021, the Identity Theft Resource Center reports. This year has seen more than 2,100 data-compromise events with three months to go.