Cyber threats and data breaches are growing fast, threatening businesses in the U.S. More cyber attacks mean companies must get cyber insurance. This insurance helps cover losses from cyber threats and data breaches. The cost of a data breach is over $3 million. Breaches are expected to jump by 30% next year. This …
As a small business owner, you know how key it is to manage risks. This protects your assets and reputation. By using smart risk management, you can cut down on insurance costs. This lets you use more resources to grow your business and stay ahead in the market. Good risk management means spotting risks, figuring …
The year 2024 saw a big jump in natural disasters, leading to a record number of insured events worldwide. Many areas have faced severe weather, floods, and wildfires, which have hit the insurance industry hard. The insurance industry has suffered huge losses due to these disasters. With so many natural catastrophes, 2024 has been tough for the industry. Key Takeaways …
The recent California wildfires have raised concerns about reinsurance losses. The LA wildfires have caused a lot of damage to properties and infrastructure. This has made the insurance market worried, as California wildfires are a common problem. Reinsurance losses are expected to be big, but the industry is ready. They have prepared for this, learning …