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Cyber insurance: a key part of a robust business strategy
October 12, 2023

... a regulatory investigation, breach of contract or negligence claims, and class action lawsuits. What isn't covered by cyber ...


Facts + Statistics: Hail
March 3, 2026

... State Farm , the company paid out over $3.5 billion in hail claims in 2022, an increase of more than $1 billion from 2021 due to increased hail claims and inflation.  State Farm’s top states for hail claims were ...


Nine ways to lower your auto insurance costs
March 2, 2026

... of risk. Those with higher insurance scores file less claims and vice versa. To protect your credit standing, pay your bills on ...


Understanding the Difference Between Stock and Mutual °µÍø½ûÇø Companies
February 20, 2026

... to see if the company is financially stable and able to pay claims: A.M. Best , Standard & Poor’s , or Moody’s . ... the coverage types and limits that fit your needs. Claims Service : Look for a company with a reputation for fair and timely ...


Background on: Earthquake insurance and risk
February 18, 2026

... from fire following a quake. These losses could involve claims for business interruption and additional living expenses as well. Cars ... losses, the insurance industry ended up paying out more in claims for this quake than it had collected in earthquake premiums over the ...


How legal system abuse drives social inflation
July 17, 2022

... practices which increase costs and time to settle insurance claims. While litigation is considered a policyholder’s last resort, legal ... has found. Legal system abuse refers to disputed insurance claims which could have been resolved without litigation. ...


Lloyd’s Marketplace Underscores Importance to U.S. Economy as Risks Intensify
February 6, 2026

... structure separates capital provision from underwriting and claims operations, enabling flexibility and rapid innovation. The United ... and Lloyd’s pays an average of $13 billion in U.S. claims annually. Lloyd’s also supplied more than $20 billion in U.S. surplus ...


Spotlight On: Workers Compensation
January 30, 2026

... decisions control many aspects, including the handling of claims, the evaluation of impairment and settlement of disputes, the amount of ... However, a 2018 study found that of 50,840 claims 14,183 involved attorneys, giving an overall attorney involvement rate ...


Large Swath of U.S. Faces Winter Storm Losses: What °µÍø½ûÇø Covers and How to Recover
January 26, 2026

... what is optional, and how to document losses can make the claims process smoother and help ensure you get the support you need. ...


Background on: Self-driving cars and insurance
January 26, 2026

... do occur lead to a higher percentage of product liability claims, as claimants blame the manufacturer or suppliers for what went wrong ... show a reduction in property damage liability and collision claims for cars equipped with forward-collision warning systems, especially ...