Two insurance industry reports revealed that the overall property & casualty insurance industry is returning to profitability after years of hard market conditions and weather-related losses.
Homeowners claims are taking longer to resolve than ever before with the average claim cycle time—from filing the claim to finished repairs—now 32.4 days, says J.D. Power.
VPNs and firewalls ranked as the first and fourth most exploited technologies for initial access in 2024, according to a Coalition report.
U.S. property & casualty insurers posted an underwriting loss of $2.6 billion for 2024, a significant improvement from the $24.6 billion underwriting loss recorded in 2023, according to AM Best.
More than three-quarters of midsize business owners say evolving regulatory and safety standards have had an impact on their risk management needs, the survey found.
While engagements and cohabitation have long been the hallmarks of commitment, a recent Nationwide survey found 42% of renting couples see sharing an insurance policy as the modern equivalent to marriage.
The significant increases were driven by inflation, labor shortages and supply-chain disruptions, according to a Verisk report.
Consumers believe phone calls are important for communicating with businesses, but fear of fraud prevents many from answering calls, according to a TransUnion study.
Business are most concerned about cyber, business interruption and natural catastrophes, according to the “Allianz Risk Barometer 2025.”
While sky-high premiums prompted half of U.S. auto insurance customers to shop for a new plan last year, few alternatives meant most stayed put. That’s all about to change.
