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Cumulatively, lightning-related fires account for $2 billion in annual payouts to small- and medium-sized businesses.
The worst affected market was Boise, Idaho, where the cost of a home fell 15.4% in the year.
From January 2019-October 2022, Colorado home insurance premiums have increased 51.7%, on average, or 11.5% annually.
The updated loss estimate for the U.S. is nearly double that of the previous annual estimate.
Conflicting signals between a potential El Nino and above-normal warmth in certain regions of the Atlantic bring more uncertainty than usual to this forecast.
By pinpointing these periods with elevated injuries and deaths, organizations can better prepare to prevent these incidents.
According to Barracuda Networks, 27% of organizations feel ill-prepared to handle ransomware attacks.
Women in insurance producer roles earn only 67.6% of what male agents make, according to the U.S. Department of Labor.
Around 75% of workers say safety efforts at their companies have not been very effective.
Many mid-sized firms lack an incident response plan, but a majority are investing in cybersecurity this year.
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