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While less than 1% of cases end up in trial, the percentage of insurance claims that went into litigation rose 47% over a four-year period.
It's important for brokers and underwriters to understand the themes that have driven the market in 2022 thus far.
With a 14 percent increase in captive registrations in 2021, recent legal activity reveals the importance of structuring and implementing captives correctly.
Clearly understanding customers' needs, concerns, hopes and expectations enables insurers to develop a superior customer experience.
For small businesses, hurricane preparedness plans affect the safety of employees and the ability to reestablish business operations after a storm.
In 2021, e-bike imports neared 790K (up from 450K in 2020) and this year may set a new sales record.
A recession may be in the cards – but for agencies, a defensive position is not an option.
The city earmarked $2.5 million for the project and already has 25,000 dams on hand.
Thanks, in part, to emerging technologies, the future should hold many positives in risk understanding and predictability.
Insurance innovators are building new, sophisticated, data-driven processes for modeling, assessing and managing climate risk.