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In 2023, global insured catastrophe losses exceed $100B for the fourth consecutive year, according to Swiss Re Institute.
Most policyholders blame inflation and home prices for recent premium increases.
Insurance industry news from Duck Creek Technologies, Agero, Marsh and more featured in weekly update.
The disaster at the Francis Scott Key Bridge is likely to cause huge disruption at one of the country's busiest ports.
Swiss Re is forecasting a much more favorable 2024 for the industry, predicting strong premium growth of 7% for the year.
Each state has an insurance department, but what does it do?
Although risks are becoming more complex, around 75% of CROs are confident in their organizations' ability to manage them.
The California FAIR Plan faces $311 billion in potential losses, up from $50 billion six years ago.
The proposal is part of California Insurance Commissioner Ricardo Lara's goal to enact insurance reform during 2024.
More than 400 property insurers received letters requesting data, which is due by June 6, 2024.