Research

December 2022 through January 2023 saw an increase in every type of loss associated with winter storms compared to the previous year, according to a report from Verisk.

Around 80% of insurance carriers say they deal with identity-related fraud on a monthly basis.

Nearly 60% of insurance companies surveyed reported already leveraging generative AI.

Since 2012, the growth rate of skilled craftspeople entering the workforce has slowed, with certain sectors such as carpentry seeing declines.

The estimated fatality rate for 2022 is projected to be 1.35 deaths per 100 million vehicle miles traveled, down from 1.37 the year prior.

Cumulatively, lightning-related fires account for $2 billion in annual payouts to small- and medium-sized businesses.