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Barclays estimated that insurers face claims of as much as $3 billion following the accident.
The disaster at the Francis Scott Key Bridge is likely to cause huge disruption at one of the country's busiest ports.
The number of reported compromises was 72% higher than the previous record, the ITRC reports.
Natural disasters continue to be the leading driver of business interruption claims, Allianz reports.
But just like food-staple prices varied this Thanksgiving by category, current supply chain stresses vary by industry.
Small business struggles mean many are seeking stronger insurance solutions, says the insurtech Counterpart.
Supply chain breakdowns are increasing costs, causing extended delays and creating a host of headaches for insurers and policyholders alike.
Act soon, and boldly: EY research indicates that up to 30% of insurance transactions will be embedded by 2028.
Scott Cornell from Travelers discusses the issue along with how to prevent such supply chain-interrupting crimes.
This article examines the overall importance of data and analytics in navigating natural catastrophe risk.
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