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A pair of 7.7 and 7.5 magnitude earthquakes resulted in more than 1,200 deaths, left some 5,200 injuries and destroyed at least 2,800 buildings.
Much like flood coverage, earthquakes are not covered by typical home insurance policies, APCIA reported.
Proactive insurance agencies can win in a tough employment market. Here's how...
The company analyzed over 530,000 claims from 207 countries to identify the leading drivers of corporate losses.
Digital tools are allowing for more proactive management of risk saturation.
As legislators fail, insolvencies mount, capacity grows tighter, and agents' jobs get increasingly tougher in the Sunshine State.
With each new country where a business establishes operations, there are new challenges to overcome.
Intelligent document processing can help reduce the time needed to triage and pay claims during peak loss periods.
But experts say retrofits are also just as important as incorporating new design concepts to mitigate seismic activity.
Understanding the inherent risks and differences between these flooding events can help homeowners better prepare for them.