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The insurance policy phrase "direct physical loss of or damage to" has been in the news the past few years thanks to BI cases stemming from the pandemic.
The properties, located across three states, have a combined reconstruction value of $4.5B, CoreLogic reports.
American Modern risked losing business when it set out on a transformative journey, but now it is reaping the rewards, according to its CEO.
In addition to electric vehicles, golf carts and scooters can present a fire risk if the batteries are exposed to salt water.
Most policyholders own and understand how to use smartphones, giving insurers an avenue to offer enhanced safety features and improve CX.
MFA, exceptional cyber hygiene and smart password management process play a critical role in protecting sensitive data.
Small businesses are often targets of hackers because they have fewer resources in the event of a cyberattack, or that's the common misconception.
Both health care providers and insurers should be aware of the potential for abuse of telemedicine services as well as the ramifications.
Cybersecurity is now a threat to every business. Insurance agencies and brokerages are no exception.
When cyberstalkers go phishing, it can lead to ransomware attacks and the loss of valuable information.