5 Foundational Insurance Concepts Producers Need to Know in 2025
As we head into a new year, there’s no better time to equip producers with foundational insurance industry knowledge and concepts.
Homeowners
New Collector Car Insurer OpenRoad Announces Official Launch
The program includes specialized classic car coverages and pricing models that account for the reduced accident frequency often associated with collector vehicles.
Most Americans Do Not Fully Understand Their Insurance Coverage
The Trusted Choice® survey revealed that while most U.S. insurance consumers don’t fully understand the policies they have purchased, 86% believe they do.
The 1990s Are Classic: Protecting Modern Collector Cars
The ‘90s have officially achieved classic status.
Distracted Driving on the Rise Among Personal and Commercial Drivers
The latest driving behavior survey from Nationwide revealed that both personal auto and commercial drivers partake in risky behaviors that impact all drivers on the road.
U.S. P&C Underwriting Losses Hit 10-Year High of $38 Billion
In addition to $65 billion in CAT losses, AM Best analysts also said both economic and social inflation played large roles in property & casualty losses.
Home and Auto Insurance Shopping Increases
As auto insurance shopping rates rose during the fourth quarter of 2023, carrier retention rates dropped.
2024 Outlook: Premium Growth Drives Hard Market Recovery
The outlook for the U.S. property & casualty insurance industry is more favorable than 2023, with expected strong premium growth and easing inflation pressures, according to Swiss Re.
Reach Next-Gen Car Collectors in an Evolving Market
Not only is the hobby transitioning to new generations, both to Generation X and millennials, it is also witnessing the evolution to electric vehicles (EVs).
The Hard Market Puts the Classic Car Market to the Test
A surge in classic car values—primarily due to rising inflation and exchange rate variability—means that owners are facing insurance-related issues.
