Monthly Archives: December, 2022

Ransomware Needs ‘Physical’ Damage For Insurance, Ohio Court Rules

Dec. 27, 2022, 9:46 PMOwners Insurance Co. convinced the Ohio Supreme Court that it has no duty to cover a medical software company’s ransomware-related losses because the attack didn’t cause any property damage.EMOI Services LLC’s insurance policy “requires...

The Best Flood Insurance in Florida of 2022

Photo: istockphoto.comMany Florida homeowners may wonder, “Do I need flood insurance?” While homeowners are usually fully aware that they need homeowners insurance to protect their homes in the event they are damaged or destroyed, they may not...

New York renters cost drops 4% since June, per report

NEW YORK (NEWS10) — According to a report by Quote Wizard, the average cost of rent in New York has decreased by 4% since June for a one-bedroom apartment. Their report looked at every state and calculated what...

Toronto man billed more than $8K for rental car damage he says he didn’t cause

A Toronto man says he was asked to pay more than $8,000 for damage to a rental car he says he didn't cause.Sandy Soufivand, a medical lab technician, told CBC Toronto that he picked up a vehicle from Enterprise...

Big changes coming in 2023 for business, homeowners insurance – InsuranceNewsNet

Commentary “The fires and storms of 2022 was one of the most costly years to the insurance industry, leading to the failure of several companies across the country. Unlike, ‘What happens in Vegas stays in Vegas,’ where property insurance...

2023 Insurance technology update: Looking back, looking ahead

What do you think was the most significant insurance-technology development of 2022? “Automated underwriting made its mark across P&C and Life. We reached a tipping point, on the leverage of technology to automate more of the initial submissions, this...
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