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A recent report analyzes lessons learned in representing complex, rapidly changing, and challenging risks in the COVID era.
A ticket for distracted driving can raise auto insurance rates by more than 20% and as high as 63% in some states.
In the last year alone, natural disasters in the U.S. created $22 billion in damages, NOAA reports.
Some 60% regretted the cost-cutting decision, and more than half plan to restore insurance coverage in the future.
Despite the heavy drop in traffic and travel, vehicular deaths were up throughout the U.S. in 2020.
The technology can help reduce the number of low-speed backing crashes, leading to fewer property damage and collision claims.
An FCA study found that thousands of financial services firms in the U.K. are at risk of failure due to the economic fallout from COVID-19.
For most lines, premium volume had been rising through the end of 2019. 2020 abruptly changed that.
More than 20% of survey respondents reported doing so in the past six months, according to ValuePenguin.com.
For the first time in 8 years of the J.D. Power study, customer satisfaction amongst commercial insureds declined in 2020.