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This week's update includes insurance industry news from Verisk Specialty Business Solutions, PCF Insurance Services, SageSure and more.

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This study took into account several factors including the number of fatal accidents in each state.

MGAs and TPAs must now enhance their compliance frameworks, operational processes and cybersecurity.

The complex's insurance limits were made up of a primary policy of $1 million and two excess policies of $5 million each, according to the plaintiff counsel.

The average U.S. homeowner pays around $2,230 each year for their home insurance.

This annual recognition honors insurers that have demonstrated superior performance over the last five years.

Speaking recently on CNBC, Sean Kevelighan talked about how inflation and litigation increase insurance premiums.