Insurers are turning to catastrophe bonds to pass on historic levels of wildfire risk to the capital markets. Issuance of cat bonds that include exposure to wildfires has already soared...
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More than 85% of cyber losses in the first half were from attacks that exploited human error, specifically where the point of failure included phishing, social engineering, or transfer fraud.
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Looking at non-catastrophe claims that closed with a payment last year, the median paid loss hovered around $9,000 regardless of when the house was built.
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