Policyholders can expect significant increases for cyber coverage throughout 2021 as trends that began last year continue at an accelerated pace. These trends include increased claim frequency and severity, much of it driven by ransomware events, says a new report.
Crashes involving a distracted driver killed 3,142 people in 2019, nearly 10% more lives lost than the year before. A new report analyzed which laws are most effective at deterring distracted driving and offers other solutions to reduce the dangerous practice.
The Federal Emergency Management Agency entered into its fourth three-year reinsurance agreement with Hannover Re, which transferred $575 million of the program’s financial flood risk to investors by sponsoring catastrophe bonds.
The earthquake early warning system known as ShakeAlert will be capable of delivering alerts directly to wireless devices in Oregon on March 11 and t Washington state in May, completing the West Coast rollout, the U.S. Geological Survey said.
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