News and information for property & casualty insurance agents & brokers on personal lines insurance, including homeowners insurance, flood insurance, earthquake insurance, renters insurance, automobile insurance, life insurance, disability insurance, umbrella insurance and health insurance.
Supply chain woes, worker shortages, already high premiums for electric vehicles and a growing incidence of unsafe driving are all exerting pressure on the industry to raise premiums.
From sophisticated cyberattacks and deepfakes to social inflation and a plethora of pandemic-related business interruption claims, insurers have had a busy year.
Insurers are especially attractive to hackers because of the information they collect and the assumption that they have deep pockets in the event of a cyberattack.