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Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
The renters insurance market was worth around $4.5 billion in 2023.
Hacktivist groups and an increase in DNS water torture attacks drove a significant spike in DDoS attacks in 2023's second half.
Additionally, RIMS inducted Tata Consumer Products' Mrunal Pandit to its Risk Management Honor Roll.
Overall cyber claims frequency increased 13% in 2023, while claims severity increased 10%, according to Coalition, Inc.
The average coverage gap was 350%, meaning more than three-quarters of the cyberattack was not covered.
Businesses that had previous workers' comp claims were more likely to take advantage of safety training.
The deadline to nominate is Wednesday, May 1, 2024.
The P&C sector saw the most activity during Q1 2024 with a total of 106 deals, according to Optis Partners.
The decision will affect 12,556 policies with premiums of $11.3 million.
Healthy Paws launched in 2009 and currently covers more than half a million dogs and cats in the U.S.