In its latest U.S. Property & Casualty Insurance Market Report, S&P Global Market Intelligence predicts inflation will send the property and casualty insurance industry into its first unprofitable year since... continued.
A recent report by the U.S. Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) found an estimated 42,915 fatal traffic accidents in 2021. This is a 10.5% increase from... continued.
Insurance professionals’ suspicions about fraudulent claims have increased during the pandemic as fraudsters have become more creative, according to a recent survey. The survey by FRISS, a provider of fraud and risk... continued.
Property insurers are not raising coverage limits and rates to keep pace with inflating construction costs, according to a Moody’s Investors Service report. Rising costs for construction materials and labor... continued.
For businesses in coastal regions, hurricanes are a potentially devastating risk. However, as hurricanes become frequent and severe, some private insurers may not provide coverage to companies located in high-risk... continued.
Russia’s invasion of Ukraine since Feb. 24, combined with persisting supply chain disruptions related to the pandemic, continue to drive inflation as measured by the Consumer Price Index (CPI). From a property/casualty... continued.
Spring can bring about some of the year’s most dangerous weather and wreak havoc on many aspects of a company’s operations. This article discusses the weather threats to watch out... continued.
Workplace accidents and injuries have the highest median loss cost of all roofing-related losses, according to Advisen loss data. Common causes of loss include slips, trips, falls, injuries caused by... continued.
A building’s pre-engineered metal is an important factor in determining the longevity of a building. Noncombustible construction (ISO type 3) uses minimal combustible materials in the framework. In this type... continued.