Q3 Property Claim Severity Among Highest on Record as Volume Drops
2025 is on track to be the lowest claim volume year in recent history, yet cost management remains critical as severity trends continue to increase, according to Verisk.
Agency Operations
AM Best Revises Homeowners Insurance Market Outlook to Stable
1. The homeowners market outlook has been upgraded to stable, with AM Best citing stronger catastrophe risk management, steadier reinsurance market conditions and gradually improving pricing adequacy.
2025 Hurricane Season: Storms Steer Clear of US but Undergo ‘Rapid Intensification’
While storms may not make landfall in the U.S., they are becoming increasingly unpredictable and intensify rapidly, warns the National Oceanic and Atmospheric Administration (NOAA).
Structure Fortification: What’s in It for Property Owners?
For homeowners and business owners, updating their structures comes down to one key question: Is it worth spending the extra money to achieve enhanced building standards.
Top 5 Most-Read Articles in Independent Agent in November
Articles examined the trend of expanding telematics data, strategies to prevent errors & omissions claims after a merger or acquisition, and how artificial intelligence (AI) can cause E&O exposures.
Declaration of Independents: Kelley Carter
Communication is the name of the game in the challenging coastal insurance market—and Kelley Carter, a communication and business major, has applied that wholeheartedly.
Protect Homeowners From Common Winter Claims
Winter preparedness is not optional, even in areas that don’t traditionally experience freezing weather.
Green Shield Launches Affluent Homeowners Program for Wildfire-Hit Zones
The policy offers dwelling protection for homes valued between $1 million and $6.175 million, providing wildfire-specific benefits including debris removal, landscaping restoration and mitigation support.
Severe Convective Storms Lead Concerns for Insurers
The vast majority of insurance company executives view severe convective storms (SCS) as the leading threat to their balance sheets, according to a Demex survey.
Top 5 Most-Read Articles in Independent Agent in October
New reports revealed widening gaps in insurance coverage and an expanding role for agents. Plus, Agency Nation Radio spoke with GEICO on its move into the independent agency channel.
