Industry Trends

Weather forecasters at Colorado State University (CSU) forecast 23 named storms, 11 of which are predicted to be hurricanes, in the 2024 Atlantic hurricane season.

The survey revealed that 80% of women are responsible for purchasing their household’s insurance coverage.

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.

The latest research by Liberty Mutual and Safeco explores the unique strengths women bring to insurance agencies, as well as what female consumers want and need from agents.

Factors include the U.S. economy growing faster than anticipated, combined with the hard market’s high rates and premiums, according to Reagan Consulting.

Client communication, retention, technology and team morale are among agents’ top priorities in adapting to the hard market.

As auto insurance shopping rates rose during the fourth quarter of 2023, carrier retention rates dropped.

Consumers have significant misconceptions about flooding causes and what is and isn’t insured under their homeowners or renters policies.

Attacks on Bluetooth devices are a growing trend in the cybercrime world. Here are some of the common threats you and your clients should be aware of.

It’s the biggest jump since 1976 and the 16th consecutive month of annual gains exceeding 10%, according to the Bureau of Labor Statistics.