The burden of increased costs caused by uninsured drivers is ultimately shouldered by insured drivers. Here are three tips for agents to help their customers protect themselves.
Two insurance industry reports revealed that the overall property & casualty insurance industry is returning to profitability after years of hard market conditions and weather-related losses.
Increasing auto insurance premiums have been a concern over the past couple of years. Here are four insurance reports agents can use when discussing the market with clients.
From rodent damage to dry rot, classic cars can incur costly damages without proper maintenance.
Homeowners claims are taking longer to resolve than ever before with the average claim cycle time—from filing the claim to finished repairs—now 32.4 days, says J.D. Power.
With distracted driving a leading cause of road accidents, agents can educate customers about the dangers and offer incentives for positive driving behavior.
“We see challenges with LTC (long-term care) adoption rates,” says independent agent Kelly Augspurger. “In my opinion, it’s an awareness and education issue because people don’t know what they don’t know.”
As car thefts become more frequent and sophisticated, independent agents play a crucial role in helping clients understand their risks and ensuring they have adequate coverage.
“Although we may be coming out of one of the most difficult periods in insurance history, some areas might still see increasing premiums for another 12-18 months,” says independent agent Guffy Wright. “Factors like claim volume, social inflation, weather patterns and fraud will continue to play major roles.”
Liberty Mutual Insurance, the sixth-largest personal insurance provider in the U.S., will market and sell all of its personal lines products solely under the Liberty Mutual brand starting in 2026.
