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The growing availability of external data and advances in risk modeling can make a difference in assessing and mitigating these losses.
The latest insurance industry personnel news from Constellation Insurance, XPT Specialty, Exdion Solutions and more.
The 2022 hurricane season illustrated that even in a mild year, a single major storm can cause industry-shaking losses.
In one case, the jury awarded the plaintiff $18,284.65 in economic damages and $400,000 in non-economic damages.
These were the ten most damaging hurricanes to hit the U.S. based on the 2023 Consumer Price Index adjusted cost, according to the NOAA.
There were 55,166 motorcycle fatalities in the U.S. between 2011-2021, according to the NHTSA.
Insurance industry news from Corvus Insurance, Synatic, Verisk and more.
A new Littler Mendelson survey found two-thirds of in-house attorneys and corporate leaders were concerned about the technologies' impact on employee morale and compliance with privacy laws.
The suit was part of a growing trend to implicate large motor carriers when small motor carriers have limited commercial auto and primary coverage.
Lawsuits were filed after viral videos on TikTok and YouTube demonstrated how to steal Kia and Hyundai vehicles with the use of a USB cord.