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RWI helps facilitate smoother transactions by transferring transaction-related risks to insurance carriers.
The convenience and affordability of motorized scooters, mopeds and e-bikes also comes with a price in the form of injuries, sometimes fatal.
The latest insurance industry personnel news from Swiss Re, RT Specialty, bolt and more.
Incorrect roof age data is a significant concern for P&C insurers, costing $1.3 billion per year in premium leakage, according to CBIZ.
High winds from these storms reportedly cut power to more than 250,000 customers across the south on Wednesday.
The sector's gross written premiums have been growing by 20%-30% annually since 2020.
Insurance companies are in a unique and powerful position to influence behaviors.
Estimates from the NHTSA also showed that traffic deaths of people ages 15 to 24 increased 6% in the first half of 2023 compared to the same period in 2022.
The SEC said it will resume implementing the rule depending on the resolution of the legal challenges.
State Farm currently holds around 8.7% of all home insurance policies in California.