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Just 2% of policyholders that have faced extreme weather think their homes will never see weather damages again.
The structure is the tallest ever subjected to simulated earthquakes on the world's largest high-performance 'shake table.'
Parametric insurance offers financial protection against losses that are often hard, or even impossible, to get insurance for in some instances.
U.S. commercial property insurers continue to voice concern about undervaluation and inflation, according to Marsh.
Discover how location, building materials being used and other construction dynamics impact pricing for builders risk policies.
Cumulatively, lightning-related fires account for $2 billion in annual payouts to small- and medium-sized businesses.
Devastating earthquakes in Turkey and Syria were the leading driver behind global catastrophe losses to start 2023.
The updated loss estimate for the U.S. is nearly double that of the previous annual estimate.
The new version of the index integrates a social vulnerability index, which analyzes census tracts to flag 14 vulnerabilities.
Depending on the market, higher-value projects require more documentation and underwriting intervention.