Casualty Related Insurance

A new report reveals that U.S. homeowners insurance rates have surged by 40.4% over the past six years, with the most significant hikes occurring in the last two years.

Erie Insurance said it has “seen no evidence of ransomware and there is no indication of ongoing threat actor activity” in a June 17 update on its 10-day long network outage.

A Michigan legislator has introduced a bill requiring auto insurers to reduce premiums by at least 10% on all new and renewed policies — a move the American Property Casualty Insurance Association (APCIA) warns could destabilize the state's insurance market.

India’s deadliest plane crash in over a decade is poised to send shockwaves through the aviation insurance sector, potentially resulting in one of the nation’s most expensive claims, estimated at approximately $475 million.

Erie Insurance is now facing not one, but two class action lawsuits while it continues to probe the recent cybersecurity breach.