Risk Management

Insurance-industry deals slowed in late 2022, but the outlook for 2023 isn't all bad.

Coverage endorsements can protect in-home systems and equipment from mechanical or electrical breakdowns and sudden and accidental loss.

Ransomware attacks may pack the biggest financial punch, but fraudulent fund transfers are an often underestimated foe of cybersecurity.

Issues slated to be addressed include boosting the availability of critical reinsurance and bolstering the financial stability of the state's insurer of last resort.

Hanover did not dispute that Fishbowl had been the victim of a data breach, but claimed that the client had been negligent.

Climate-related disasters have become the top concern of today's risk managers.

Carriers have access to a variety of tools that will shorten the time needed for claims inspections and reduce the risk of fraud.

Once consumers know the facts about flood coverage, they can make wiser insurance choices.