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The outlook is driven by a host of factors, including rising loss cost severity and increased losses from secondary perils.
Over half of U.S. employees use generative AI at work, despite the fact that only 41% of organizations have made it a priority.
U.S.-based companies accounted for 20 of the top 50 largest nonlife insurers worldwide.
Overall, 32% of home, auto and renters policyholders trust the accuracy of AI without human oversight.
Strains are the most common retail worker injury, accounting for 26% of workers' comp claims and nearly 30% of claim payouts.
Google Cloud expects cyber rates to moderate, while other cyber experts anticipate further tightening of policy terms.
Natural disasters continue to be the leading driver of business interruption claims, Allianz reports.
Over the summer, double extortion became the standard operating procedure for ransomware gangs, BlackBerry reports.
The federal maps are static and only periodically updated by the Federal Emergency Management Agency.
After a lawyer supplied his employer with his CBD oil prescription and receipts, the firm refused to reimburse him on the basis that the oil isn't a pharmaceutical drug.