The class action suit alleges the insurer 'thumbed the scale' when setting the actual cash value of vehicles deemed a total loss.

The estimated cost to replace a departing employee is 2.5 times their salary, so showing employees you value them as individuals can make a positive impact on employee retention.

AXA SA, Scor SE and Allianz SE are the latest members of the Net Zero Insurance Alliance to leave the group in recent months.

Underwriting has also tightened, particularly for properties on the coast or in areas prone to natural catastrophes.