Auto Insurance Rose 15% in First Half of 2024
Underwriting losses of $17 billion last year drove 2024’s first half-increases, according to data analysis from Insurify, which predicts rates will increase a total of 22% by the end of the year.
 
	Underwriting losses of $17 billion last year drove 2024’s first half-increases, according to data analysis from Insurify, which predicts rates will increase a total of 22% by the end of the year.
 
	Challenges such as driver shortages, distracted driving, social inflation and changing marijuana legalization continue to impact the commercial auto market.
 
	As the journey toward autonomous trucks begins to unfold in earnest, technology is playing a significant role in improving industry safety.
 
	As the market for real estate agents has continued to change, one of the results has been an increase in the frequency and severity of claims made against them.
 
	As the business sector continues to develop with new technologies, such as artificial intelligence (AI), agents can add value to their client relationships via numerous paths.
 
	“Inflation isn’t sparing the housing market, pushing up prices for homes and everything within them,” says independent agent Jake Sparrenberger. “Couple that with the rising frequency and severity of storms, and insurance companies find themselves footing
With a total combined ratio of 86 for 2023, the workers compensation market continued to waltz its way through another profitable year.
 
	Almost every single company creates content for themselves or clients, from ads or written content to podcasts or social media posts.
 
	For independent agents working within the media liability niche market, the proliferation of generative AI has created a fluid and complex environment.
 
	Risky driving patterns continue to rise with instances of speeding, driving under the influence and distracted driving all increasing in 2023, according to LexisNexis.
