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The 2024 global insurance outlook remains neutral amid inflation and uncertain economy, Fitch Ratings reports.
The Atlantic hurricane season officially begins this weekend with the start of June and runs through November.
The complaint also alleges that the insurers prefer to declare a vehicle a 'total loss,' regardless of whether it is economical to repair.
Greenbaum reflects on the digital transformation of insurance after four decades in the industry.
This period marks a turning point for commercial property coverage, with easing and increasingly flexible options available to buyers.
Global tax services provider Ryan has already filed suit in a Texas federal court claiming this action exceeds the FTC's statutory authority.
Insurance industry news from EMC Insurance, PoloWorks, King Insurance Partners and more featured in weekly update.
Insurers now issue stricter policy language and insert more sub-limits and exclusions into cyber coverage.
Declining premium revenues, lower rates, underwriting volatility and litigation led to this hardening, Fitch Ratings says.
More than 30% of homeowners with internet say they would switch insurers to get smart home devices for safety and security.