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Although they were less common, fire and lightning claims were the losses with the highest claims severity from 2017-2021.

Companies will have to report cyber incidents within four days of determining they're material.

In 2022, the number of dog-related injury claims declined 2.2%, according to the Triple-I.

Annual insurance reviews are integral to avoiding coverage gaps.

The first half of the year also saw cyber insurance claims ticked up 12%, driven by an increase in ransomware and funds transfer fraud.

Reinsurance allows a primary carrier to pass, or cede, a portion of its liabilities onto another company.

The latest insurance industry personnel news from CSAA Insurance Group, atNorth, Kennedys and more.

Surplus lines carriers innovate rating processes to capitalize on the potential influx of business from the admitted market.