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Ninety-nine percent of insurers are investing in GenAI to cut costs and increase revenue, EY-Parthenon reports.
The complex's insurance limits were made up of a primary policy of $1 million and two excess policies of $5 million each, according to the plaintiff counsel.
Industries that experienced the highest number of compromises include financial services and health care.
Study shows 22.4 million households spend more than 30% of their income on rent and utilities.
Outdated systems continue to hinder insurer innovation, operational efficiency and customer satisfaction.
Keep these considerations in mind when determining how much homeowners coverage you need.
Insurance technology news from Cytora, Selective Insurance, Karma Wallet and more.
When money is no object, homebuyers continue to seek out coastal communities rife with natural beauty and outdoor recreation.
As fresh digital interruptions occur, insurance carriers may restrict or withhold some cyber coverages altogether.
Sprains, strains, lacerations and contusions make up most of the injuries reported during the study period.