After years of rising insurance costs driven in part by legal system abuse, litigation financing and nuclear verdicts, tort reform is beginning to translate into lower premiums, rate reductions and direct savings for consumers.
July brought the news that the property & casualty industry’s 2025 underwriting results were the strongest in a decade.
The bill would help deter insurance fraud, reduce unnecessary litigation costs and ease the pressure of rising insurance premiums.
If an agent in New York no longer represents a carrier, how long does the carrier need to remain on the customer’s risk for auto, home and umbrella?
When ending a client relationship, agencies should focus on risk management, agency protection and maintaining coverage continuity during the transition.
The bill would reauthorize the program for an additional seven years, raise the minimum loss threshold and require the Treasury Secretary to publish a notice in the Federal Register within 30 days of initiating the terrorism determination process.
Given the rapidly evolving regulatory and business landscape, here are four steps agents may wish to consider as they evaluate and deploy new AI tools and functionality.
June highlighted 10 young agents making their mark on the insurance industry. And the Big ‘I’ 2026 Market Share Report shows that, despite market headwinds, the independent agency channel is holding strong.
With commercial lines competition intensifying, the onus is on independent agents to present the best picture of a client’s risk.
North Carolina has taken a groundbreaking step in the fight against legal system abuse by becoming the first state in the nation to prohibit third-party litigation financing.
