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Additionally, RIMS inducted Tata Consumer Products' Mrunal Pandit to its Risk Management Honor Roll.
State Farm and Whisker Labs report almost 10,000 homes have been saved from fire hazards using Ting.
Incorrect roof age data is a significant concern for P&C insurers, costing $1.3 billion per year in premium leakage, according to CBIZ.
In 2023, the number of dog bite and injury claims was up 8% compared with the year prior and 110% compared with the past decade.
Cyberthreat actors are increasingly using AI to perpetuate fraud, the U.S. Treasury Department reports.
Insurance experts analyze who was involved from a coverage and liability perspective.
Fortifying the property and understanding the nuances of homeowners insurance coverage mitigates losses for insureds and insurers.
Some insurers incentivize policyholders with discounts to use water monitoring devices, decreasing losses from water damage claims.
With the average premium around $6,000, some Floridians are foregoing homeowners insurance in favor of self-insurance with their investments.
Although risks are becoming more complex, around 75% of CROs are confident in their organizations' ability to manage them.
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