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To say that the insurance industry is currently changing would be vastly understating the impact of so many new developments and market conditions. Insurance carriers today are confronted by unprecedented change, coming all at once and from a wide range of factors. Earnix partnered with the Market Strategy Group, LLC to conduct a comprehensive independent research survey to uncover all these issues and more.
As global temperatures rise, the occurrence of extreme weather events such as hurricanes, wildfires, floods, and droughts becomes more frequent and intense. This increase in natural disasters leads to higher insurance claims and makes it more challenging for insurers to accurately assess and price risks.