"Unprecedented" Rise in Auto Thefts – Insurance Crime Bureau Issues Warning
Major cities across the US have seen an “unprecedented" surge in auto thefts and carjackings in recent years, the National Insurance Crime Bureau (NICB) has warned.
Roof Inspection Tech Could Speed Claims Process, Prevent Loss
Roof inspections after storms are often costly and inconvenient. New technology could streamline the process for insurance companies and customers.
Small Businesses Are Big Targets for Fund Transfer Fraud
The 'low-tech' cybercrime saw big increases in losses and frequency among operations with less than $25M in annual revenue.
Women Are Underrepresented in Independent Agency Leadership
A new study from Safeco Insurance and Liberty Mutual Insurance shows that while 60% of employees in these agencies are women, they are underrepresented when it comes to agency leadership.
Small Businesses Hit Hard in 2021 with 56% Rise in Average Cyber Claims Cost
According to the Coalition's 2022 Cyber Claims report, ransomware claims severity appeared to be leveling off in the second half of 2021, but smaller businesses suffered disproportionately from a 56 percent increase in average claim cost and a 40 percent increase in ransomware events.
Liberty Mutual Insurance Completes Acquisition of State Auto Group
Liberty Mutual Insurance has completed the acquisition of State Auto Group, a super-regional property and casualty insurance holding company headquartered in Columbus, Ohio that distributes personal and small commercial coverages in 33 states through approximately 3,400 independent agents.
Consumers of All Generations Prefer Insurance Agents
According to a survey by Property Casualty 360 of consumers across generations, 65% of all consumers plan to use an insurance agent in the future.
Aon Discloses "Cyber Incident' Amid Mounting Hack Concerns
Aon Plc is investigating a “cyber incident" that the insurance brokerage said impacted a limited number of its systems.
U.S. Workers Give Employers High Marks for Supporting Them During the Pandemic
Despite having their workplaces turned upside down, a majority of U.S. workers give employers high marks for keeping them safe and supporting them during the two-year pandemic.
Lemonade Execs Expect 'Peak Losses' in 2022
With unfavorable development and product mix changes propelling fourth-quarter and full-year loss 2021 ratios into the 90s—up 20 points over comparable 2020 periods—Lemonade guided shareholders that results will get worse in 2022.