Property claims volume rose 36% in 2024, driven by a massive rise in catastrophe claims thanks in part to a...
claim frequency News
The property/casualty insurance industry is confronting challenging claims dynamics, with rising frequency and severity of claims despite decreases in economic...
Claim severity for both bodily injury and property damage increased by 35% since 2019, while collision claim severity has jumped...
US roadways are carrying heavier, more powerful vehicles operated by motorists who are older, driving faster and more often distracted,...
Elevated prices for replacement parts and a shortage of technicians are among the factors that will likely offset any decrease...
The size of payouts for legal malpractice claims reached an all-time high last year, and for the first time some...
Not only did natural catastrophes in 2021 break insurance claims records, but they also highlighted the growing cost of non-modeled...
The COVID-19 pandemic corresponded with an unusual decrease in workers’ compensation claim severity, while claim frequency was pretty much unchanged,...
Advanced driver assistance systems result in fewer claims and reduce insurers loss costs by up to 23%, according to a...
The share of policyholders who filed a cyberattack claim jumped by 50% from the first half of 2020 compared to...