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The bond protects Axis and its subsidiaries against systemic cyber shocks over a two-year period starting in January.
Nearly half of brokers surveyed by Chubb said their clients don't request flood insurance quotes.
Many insurance professionals are weathering today's unprecedented market hardening for the first time.
Cat bonds are rising in popularity as their returns trounce those of virtually all other debt markets.
Insurance in the U.S. started with a group of firefighters in Philadelphia – one of whom was Benjamin Franklin.
The United Nations estimated 10,100 people remained unaccounted for while an investigation into what caused the collapse of two dams is ongoing.
Wholesale insurers are empowered by the ability to respond to catastrophes with appropriate risk-based pricing.
Where do you start when trying to figure out the proper homeowners policy for an insured? With the basics.
Verisk reports that severe thunderstorms have accounted for more than 70% of insured losses in 2023 so far.
The country's natural catastrophe insurance pool reportedly has a limit of $275 million in excess of $25 million.