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Hurricane Ian, the second costliest insured event on record, accounted for 40% of 2022's global insured losses, Aon reports.
A recent report shows that while dry conditions have improved in the Midwest, 19% of the region remains in drought.
Review the biggest challenges and new developments expected to impact workers' comp and risk management.
The United States experienced 18 NAT CAT events in 2022 with losses over $1 billion each, according to the NOAA.
The losses are more than triple those from December blizzards in Buffalo, New York.
According to a recent report from Munich Re, around $120 billion of the natural disaster losses in 2022 were insured.
The Golden State is concurrently experiencing a drought emergency and a flood emergency.
Insurance industry news from Nationwide, EFI Global , Understory Inc. and more.
Pathpoint CRO and President Ralph Blust shares his expertise on how the increase in destructive wildfires has shifted the market, and why it's driving insureds to the E&S space.
Aerial imagery provides one of the best options for insurance companies to stay profitable in high risk markets like flood.
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