The nation’s largest property-and-casualty insurance organization is defending ransom payment reimbursements by insurers, stressing that the insurance industry wants to partner with government and business to improve cybersecurity.
Commercial property rates rose 9.6% in the second quarter, as other lines saw single- or double-digit rate increases. Umbrella and excess rates increased 11.6%, and directors and officers liability rates climbed 11%.
While some fire chiefs see drones as a nuisance that get in the way of tankers dropping fire retardants, some fire departments have tested drones equipped with sensors to detect toxic gases or with infrared cameras to measure the fire’s temperature.
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