Economy

The unit will pay $48 million to consumers and $12 million to a victims' relief fund.

With personal auto insurance rates increasing across the country, drivers are seeking ways to manage costs for mandatory insurance.

Insurers can help companies to develop risk management plans, conduct compliance audits, and provide training on relevant regulations.

Pay-as-you-go insurtech currently focused on the restaurant industry.

Climate change is driving an increasing reliance on electric vehicles and the means to charge them.

Leveraging telematics can improve risk assessments, streamline operations and improve fleet safety.

For the fifth year in a row, The Hartford ranked first in the small commercial insurance scorecard. Progressive ranked second. Nationwide ranked third.

The cost of a data breach has risen 15% over the last 3 years, and ransomware costs have jumped 13% in the last year.

CSAA Insurance Group will use the Arity IQ Network, which uses driving behavior data to quote auto insurance policies.

While only 48% of startups believe they are likely to face a data breach or ransomware attack, the actual number affected is much higher.