Industry Trends

Although the NYDFS Cyber Regulations may not apply directly to your business, independent insurance agencies operating in other jurisdictions could still see impacts.

The study tracks agent sentiment across multiple categories, including ease of doing business, communication practices and claims handling.

While annual rainfall is not rising, the increase in extreme rainfall events means that flood risk, infrastructural strain, and flash flooding potential are increasing.

Nearly half of U.S. homeowners have seen their insurance premiums increase over the past year, signaling growing concerns over insurer loyalty and long-term profitability, according to J.D. Power.

The trend points to increasingly sophisticated, profitable tactics used by financially motivated cybercriminals, who are becoming more focused and systematic in their exploits.

The U.S. property & casualty insurance industry almost tripled underwriting profitability in the first half of 2025 compared to the same period in 2024, but catastrophes continue to drive up homeowners premiums.

Despite artificial intelligence (AI) becoming increasingly integrated into independent insurance agencies, only 12% of agencies have a well-defined usage policy, according to Liberty Mutual.

Small commercial customers are more likely than ever to consider moving their business to another insurer at renewal, according to J.D. Power.

Homes at risk during the 2025 wildfire season represent a combined reconstruction cost value of $1.3 trillion.

Best Practices agencies continue excellent organic growth and profitability, according to the 2025 Best Practices Study by the Big “I” and Reagan Consulting.