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We are entering a higher cost operating environment for most industries.
Plaintiffs claimed a valuation adjustment allowed the insurer to “thumb the scale” when paying claims.
The next few months could lead to big changes in federal insurance oversight efforts.
The workers' compensation insurance market is projected to reach $56.7 billion in 2025.
This week's update includes insurance industry news from RIMS, CRC Group, MS Amlin and more.
Vehicle theft in the United States fell by 17% in 2024.
Insurance and emergency-response coffers are running low in the Golden State, where wildfires now happen year-round.
Inspections of the more than 300 waterway bridges in the U.S. found many protection systems are old or nonexistent.
Crypto exchanges are a tempting target for hackers due to the high-value nature of the assets and security vulnerabilities of crypto accounts.
Prioritizing clean data can give insurers an edge, significantly impacting business growth and customer retention.