Arbol, a technology-led underwriter of parametric risk transfer, climate and weather insurance or reinsurance business, has announced the launch of a UK based managing general agent (MGA) based in London, with the Lloyd’s syndicate backed entity set to underwrite global parametric business.Arbol Insurance Services...
NORTHBROOK, Ill., November 6, 2023 – Allstate released the latest version of its mobile app, adding valuable features that go beyond insurance, including GasBuddy®, SpotHero®, Risk Factor®, and Allstate’s own Good Hands® Repair Network. Additional user-focused enhancements in key areas make customer interactions easier,...
Ransomware Claims Surge After Period of Stabilization
A new (free) report from global insurer Allianz warns that cyber insurance claims have picked up again in 2023, driven by a resurgence in ransomware extortion attacks and mass hacks exploiting vulnerabilities...
An unoccupied home is more vulnerable than a home that is lived in, especially during the winter months when plummeting temperatures can cause frozen pipes and bursts.
Last year was one of the worst on record for insurance claims caused by “freezing events” in unoccupied...
According to AM Best Financial reports, between 2018 and 2023, litigation management costs for the combined Property & Casualty industry increased by 19%, amounting to an increase of $4-5 billion, or for context, bringing total litigation expenses to ~$24B of LAE. In both personal...
In the dynamic landscape of the modern workplace, ensuring the safety and well-being of workers is paramount. However, accidents can still occur, leading to workers’ compensation claims that employers must navigate. Understanding the most prevalent types of claims is essential for employers and employees....
