While factors like increased repair expenses, more frequent claims and stricter regulatory requirements are responsible for over a decade of premium increases, insurance remains a large cost of doing business.
Trucking companies faced $165 million in nuclear verdicts in 2023, with an increasing trend of thermonuclear verdicts. Mounting costs from these large verdicts present significant challenges for the commercial auto insurance market.
Inaccurate coding can be a costly mistake. Here are the workers comp class codes that are most frequently reclassified by The National Council on Compensation Insurance (NCCI) and what to use instead.
As the directors & officers (D&O) market shifts from soft to hard, it is a prime time for independent agents to identify emerging trends and changing exposures for their clients.
In response to a spike in ransomware attacks on the food and agriculture sector, the PAK Cyber Suite provides alcoholic beverage manufacturers with coverage against a full range of cyber threats.
While D&O and cyber liability policies offer distinct coverage differences, many companies mistakenly believe they do not require separate policies.
If the storm track intersects the coverage radius in a policy, the insured gets a payout. No questions, adjustors or proof of loss.
Here are some of the top ways the insurance industry uses technology to fight fraud costing businesses and consumers $308.6 billion a year.
Independent agents recommend the best solutions to protect their clients. However, they sometimes fail to follow their own advice—particularly when it comes to protecting their agency against financial fraud.
Open-source intelligence (OSINT) and data enrichment are valuable allies to help flag suspicious activity.
