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Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
Increases could be as high as 200% for startups, which are estimated to collectively pay $739 million or more in premiums every year.
Digital tools for predictive modeling, pricing and risk selection are among the top priorities being earmarked for investment in 2021.
Almost half of Americans are planning road trips but even more admit to being distracted by cellphones while driving.
The overall market showed slight contractions from the year prior based on premiums written and earned in 2020.
Claims from the attacks are expected to focus on legal, forensic and clean-up costs.
The bond, which covers 10 active volcanoes on three continents, was launched on behalf of the Danish Red Cross to raise disaster relief.
Fast, visualized information can improve claim performance, allowing the most vital data to be easily accessed.
The foundation noted that food insecurity continues to grow, with one in five U.S. households facing hunger issues.
Insurance fraud is one of America's largest crimes, with more than $80 billion stolen annually, according to the Coalition Against Insurance Fraud.
From a rise in home improvements to more attention being paid to dwellings, homeowners are showing positive behavioral shifts.