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Fraud adds 5%-10% to the total claims paid following a disaster, according to the NICB.
Driver shortages have led to trucking companies exploring options to recruit new drivers, but is lowering the age requirement the best option?
Ocean marine sees total losses drop, continuing a decade-long trend, but reported incidents rose in 2021.
The war in Ukraine has prompted fears of another major loss event for the insurance industry.
Net premiums rose around 1% in 2021 as workers' comp outperformed other P&C lines, according to the NCCI.
This trend is anticipated to continue as 'fundamentals remain strong,' according to Marsh.
With an increase in venture capital funding, insurance costs can increase by over 150% for startup companies.
An Origami Risk study finds most risk managers are not fully prepared to drive organizational change.
Declines in the most recent quarter might be driven by an abundance of activity as 2021 closed.