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Hurricanes produce strong, powerful winds, but it's actually the water that causes most of the destruction, accounting for nearly 90% of fatalities.
In 2022, cyberattacks remained the top concern when it comes to micro risks for mid-sized companies.
Expanding technologies provide insurers with new tools to mitigate water-damaged vehicles and building contents.
Steve Tagert, North American environmental practice leader for Allianz, discusses some of the evolving environmental risks carriers are facing.
These recommendations for catastrophe adjusters can ensure critical facets of an insured's inspection aren't missed.
AM Best anticipates carriers will be able to manage losses in Puerto Rico and the Dominican Republic stemming from Fiona.
Demand is growing for more public disclosures about climate risks, especially for out-of-market buyers.
Fiona is the sixth storm of the 2022 Atlantic hurricane season and the first to cause widespread damage.
Consumer advocates claim the proposed law doesn't go far enough in protecting policyholders from nonrenewal.
Personal auto lines have become a drag on the entire sector as inflation and loss cost severity continue to hammer insurers.