Verisk: Labor Costs Drive 4% Total Reconstruction Cost Increase
Continued wage growth across major trades reflected ongoing skilled labor shortages, capacity limitations and a demand for specialized construction services.
Commercial Lines
Top 5 Most-Read Articles in Independent Agent in July
July brought the news that the property & casualty industry’s 2025 underwriting results were the strongest in a decade.
Legislation to Crack Down on Staged Accidents Introduced
The bill would help deter insurance fraud, reduce unnecessary litigation costs and ease the pressure of rising insurance premiums.
Controlling Costs While Preserving Coverage to Employer-Sponsored Health Plans
As employer-sponsored plans see an increase in new participants, cost-containment strategies have never been more vital.
P&C Industry Posts Best Underwriting Results in a Decade
Personal auto and homeowners helped propel the property & casualty market to a $61.2 billion underwriting profit and a combined ratio of 93. However, commercial auto and liability lines continue to face challenges.
The Hanover CEO to Retire, COO Named CEO-Elect
John “Jack” C. Roche retires after a distinguished 40-year career in the insurance industry.
Applied Launches Submissionless Insurance Experience with Travelers
The solution enables carriers to proactively deliver renewal quotes directly within Applied Epic before agencies begin the remarketing process.
Property Claims Decline as Regional CAT Events Intensify
Local catastrophes caused intense regional volatility, according to Verisk, but overall lower claim volume contributed to the property & casualty industry’s strong first-quarter results.
3 Workflows That Are Stealing Your Day
By spending less time on administrative work, independent agents can dedicate more energy to supporting clients and strengthening relationships.
Top 5 Most-Read Articles in Independent Agent in June
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.
