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Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
Barclays estimated that insurers face claims of as much as $3 billion following the accident.
The final quarter of 2023 was the seventh consecutive period to see a decline in roadway deaths.
Experts with FICO say that with the assistance of AI, insurers can rapidly accelerate modernization efforts.
Unscrupulous towing operators have charged as much as $10,000 for a routine tow, the NICB reports.
The average U.S. driver travels around 13,450 miles each year, Insurify reported.
This news comes on the heels of State Farm pulling back further from the California market.
Around 7% of all homeowners in the U.S. are uninsured, according to the Consumer Federation.
The investigation into why the ship collided with the bridge is ongoing.
Most policyholders blame inflation and home prices for recent premium increases.
Award-winning agencies elaborate on their technology integration and methods for staying informed about evolving policyholder needs.