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Around 80% of insurance carriers say they deal with identity-related fraud on a monthly basis.
Nearly 60% of insurance companies surveyed reported already leveraging generative AI.
Since 2012, the growth rate of skilled craftspeople entering the workforce has slowed, with certain sectors such as carpentry seeing declines.
The estimated fatality rate for 2022 is projected to be 1.35 deaths per 100 million vehicle miles traveled, down from 1.37 the year prior.
Cumulatively, lightning-related fires account for $2 billion in annual payouts to small- and medium-sized businesses.
The worst affected market was Boise, Idaho, where the cost of a home fell 15.4% in the year.
From January 2019-October 2022, Colorado home insurance premiums have increased 51.7%, on average, or 11.5% annually.
The updated loss estimate for the U.S. is nearly double that of the previous annual estimate.
Conflicting signals between a potential El Nino and above-normal warmth in certain regions of the Atlantic bring more uncertainty than usual to this forecast.
By pinpointing these periods with elevated injuries and deaths, organizations can better prepare to prevent these incidents.