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Homesite Insurance paid the homeowners $691,305.12 under the terms of their insurance policy, according to the complaint.
Insurance industry news from MassMutual, Swiss Re, MS Amlin and more featured in weekly update.
The average coverage gap was 350%, meaning more than three-quarters of the cyberattack was not covered.
AI-based monitoring programs may prevent or mitigate the losses facing cyber insurers and policyholders in the coming years.
Michael Parcelli with Xceedance discusses the ability of AI to drive efficiency and profitable growth at MGAs.
The volume of insurance-carrier lawsuits is down in the Sunshine State.
The P&C sector saw the most activity during Q1 2024 with a total of 106 deals, according to Optis Partners.
When the drying process of an oriental rug leads to damage, is there coverage?
The decision will affect 12,556 policies with premiums of $11.3 million.
Global air passenger volume will surpass pre-pandemic levels in 2024, Airports Council International (ACI) predicts.