The commercial insurance landscape in the United States has seen significant fluctuations over the years, with a general trend of rising rates. According to the latest data from WTW's Commercial Lines Insurance Pricing Survey (CLIPS), the fourth quarter of 2024 continued to witness an upward trend
As Cyclone Alfred approaches southeastern Queensland, threatening to inflict billions of dollars in damage, the urgency for insurers to expedite claims processing has never been greater. Treasurer Jim Chalmers provided reassurance that insurers are prepared, emphasizing the importance of prompt
In October 2024, Hurricane Milton unleashed its fury on Jennifer Reynolds' home, resulting in significant damage and a tedious, long-drawn process of claiming insurance. A tree crashed into her house, making it unlivable and forcing her to navigate the challenging insurance landscape. As Florida
In an unprecedented year for cyber insurance, businesses have faced a significant increase in cyber insurance claims and financial losses, primarily driven by third-party risks. The data, compiled by Resilience, a cyber risk solutions provider, underscores the critical role third-party
Artificial intelligence (AI) has long been heralded as a game-changer for various industries, and insurance is no exception. Recent insights from a survey conducted by insurance technology provider RDT highlight the enthusiasm for AI's potential. According to the survey, a striking 85% of insurers
The marine mutual insurance sector is experiencing notable changes as insurers like NorthStandard, the UK P&I Club, Gard, Steamship Mutual, and West of England P&I Club project growth in premium income amid rising large claims. These insurers are facing numerous challenges within the global marine
