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Wednesday's order came amid widespread concerns about how the Category 4 Hurricane Ian will affect an already-troubled Florida insurance market.

The early estimates come as Ian is expected to move into the Carolinas and cause further havoc up the east coast.

Going forward, insurers should emphasize an ongoing culture of innovation while making customer-centricity the standard.

Growing replacement costs and the frequency of severe weather are driving up the average annual total, according to Verisk.

Hurricanes produce strong, powerful winds, but it's actually the water that causes most of the destruction, accounting for nearly 90% of fatalities.

In 2022, cyberattacks remained the top concern when it comes to micro risks for mid-sized companies.

Conducting a risk assessment can help companies lower their cyber insurance premiums as threats increase.

Widespread, life-threatening catastrophic flooding was anticipated Wednesday across portions of central Florida.