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[ad_1] This post is part of a series sponsored by CoreLogic. Thirty years ago, we had seventeen minutes to escape a fire. Today, we only have three minutes. This is the result of the widespread use of petroleum-based products and furnishings in homes and commercial buildings including for example carpets, drapes, furniture foams, and piping.

[ad_1] Residents and police gather outside of homes in Newark, N.J., that were damaged by a 4.8 magnitude earthquake on April 5. (Photo by Spencer Platt/Getty Images) Last week’s earthquake in Lebanon, N.J.  –  the strongest to hit the state in more than 200 years and which halted activity in New York-area airports and was

[ad_1] By Max Dorfman, Research Writer, Triple-I Insurers paid $1.12 billion in dog-related injury claims in 2023, according to research by Triple-I and State Farm.   The total number of dog-bite and related claims was 19,062 in 2023 – an increase of more than 8 percent from 2022 and a rise of 110 percent over

[ad_1] “Property insurers are nervous” | Insurance Business America Property “Property insurers are nervous” Report examines increased commercial insurance rates Property By Terry Gangcuangco The composite rate for commercial insurance in the US remains elevated, according to Novatae Risk Group’s insurance distribution and underwriting company MarketScout. In its Market Barometer for the first quarter of

[ad_1] The legal advancements hitting insurers (and Americans) where it hurts | Insurance Business America Legal Insights The legal advancements hitting insurers (and Americans) where it hurts Without intervention, it’s feared the financial sting may only get worse Legal Insights By Jen Frost Insurers are feeling the pinch from a social inflation and legal costs

[ad_1] Are brokers overlooking environmental insurance? | Insurance Business America Environmental Are brokers overlooking environmental insurance? “I think what most people do not understand is the breadth and vastness and how it can be used” Environmental By Mark Schoeff Jr. Demand for environmental insurance seems to be growing at a slower pace than rising political

[ad_1] Cyber incidents reported to the FBI’s Internet Crime Complaint Center (IC3) in 2023 totaled 880,418. These attacks caused a five-year high of $12.5 billion in losses, with investment scams making up $4.57 billion, the most for any cybercrime tracked. Phishing, with 298,878 incidents tracked (down from its five-year high in 2021 of 323,972), continues

[ad_1] Arch in Allianz business acquisition | Insurance Business America Insurance News Arch in Allianz business acquisition $450 million deal will broaden Arch’s product suite Insurance News By Ryan Smith Arch Insurance North America has announced that it has entered into a master transaction agreement to acquire the US MidCorp and Entertainment businesses from Allianz

[ad_1] By Max Dorfman, Research Writer, Triple-I  Inflation remains the greatest challenge for middle-market companies, according to recent research from Chubb. While the companies Chubb surveyed performed well last year, they are looking at 2024 with trepidation, with rising wages expected to continue fueling inflation. Inflation has also been affected by the Middle East conflicts,

[ad_1] Compulsory gun insurance bill moves forward in state House | Insurance Business America Insurance News Compulsory gun insurance bill moves forward in state House “[This is to stop owners] wanting to or even legally being able to obtain and own firearms,” claims critic Insurance News By Ryan Smith A bill that would require liability

[ad_1] Colorado State University hurricane researchers predict an “extremely active” Atlantic hurricane season in their initial 2024 forecast. The team cites record-warm tropical and eastern subtropical Atlantic sea surface temperatures as a primary factor for their prediction of 11 hurricanes this year. Led by senior research scientist and Triple-I non-resident scholar Phil Klotzbach, Ph.D, the CSU Tropical

[ad_1] ‘I thought something blew up’ – New York broker’s shock earthquake experience | Insurance Business America Catastrophe & Flood ‘I thought something blew up’ – New York broker’s shock earthquake experience Rare magnitude 4.8 quake shines light on Northeast earthquake insurance cover gap Catastrophe & Flood By Jen Frost The rare magnitude 4.8 earthquake

[ad_1] Hub expands Northwest footprint with latest acquisition | Insurance Business America Insurance News Hub expands Northwest footprint with latest acquisition It swoops for firm established in 1948 Insurance News By Mika Pangilinan Hub International Limited has continued to expand its geographical reach in the Northwest region with its acquisition of the assets of Pollock

[ad_1] Do fish need water? Do humans need air? Do law firms need cyber insurance? Not to oversimplify the answer to the question, but yes. Cyber insurance should be seen as essential. That’s because cyber risk is an inherent part of the job these days, and the total cost of damages incurred by cybercrime is

[ad_1] New York AG “takes exception” to Trump’s bond in fraud case | Insurance Business America Insurance News New York AG “takes exception” to Trump’s bond in fraud case “There are serious questions about if this bond was properly posted,” expert says Insurance News By Ryan Smith The $175 million surety bond posted by former

[ad_1] PCF enters Alabama with major insurance acquisition | Insurance Business America Insurance News PCF enters Alabama with major insurance acquisition Agency is best known for its HNW personal lines and construction and real estate solutions Insurance News By Kenneth Araullo PCF Insurance Services has announced its acquisition of the insurance operations of MK Insurance

[ad_1] Challenges of insuring vacant properties | Insurance Business America Property Challenges of insuring vacant properties Here are the important considerations… The following article has been supplied by REInsurePro. Insuring vacant residential properties comes with a unique set of challenges that require careful consideration. Unoccupied homes face an increased potential for loss, ranging from vandalism

[ad_1] Giant US insurer admits second data hack | Insurance Business America Cyber Giant US insurer admits second data hack Tens of thousands affected Prudential Insurance has announced that hackers stole the information of more than 36,000 people in a February breach. In a regulatory filing in Maine, Prudential’s law firm, Debevoise & Plimpton, said

[ad_1] Property owners in Lee County, Fla., could lose their flood insurance premium discounts under the National Flood Insurance Program (NFIP) Community Rating System (CRS), according to a recent announcement by FEMA. CRS is a voluntary program that recognizes and encourages community floodplain management practices that exceed NFIP minimum requirements.  Over 1,500 communities participate nationwide. FEMA

[ad_1] Federal judge rules against multiple states in National Flood Insurance Program case | Insurance Business America Catastrophe & Flood Federal judge rules against multiple states in National Flood Insurance Program case States lose early attempt to try to force NFIP premiums down Catastrophe & Flood By Matthew Sellers A federal judge has denied a