One reason the impact of secondary perils is underestimated is their impact is masked by losses from primary events.

'If we're going to regulate a high-tech insurance industry, we must have cutting-edge tools to keep up,' says Sullivan.

News from LexisNexis Risk Solutions, Hippo, Decision Research Corporation and more.

News from American International Group Inc., Munich Reinsurance America Inc., Nationwide and more.

Notably, commercial auto, business owners and umbrella policies all experienced higher average premium renewal rate change from the previous quarter.

The Hands-Free Georgia Act was signed in 2018 by then-Gov. Nathan Deal to curb distracted driving.

According to Liberty Mutual, U.S. companies lose more than $1 billion per week due to workplace injuries.

Presently, insurers are embracing digital transformation to create operational efficiencies.