Industry Trends

The severe flooding in the Southeast U.S. brought by Hurricane Idalia highlights the importance of flood insurance.

Poor personal lines underwriting performance is the key driver for deteriorating results, with a personal auto combined ratio forecast of 109.5 for 2023.

With the consumer price index for auto insurance rising 17%, shopping rates were driven by consumers searching for lower premiums, as well as an increase in new car sales.

National Oceanic and Atmospheric Administration (NOAA) forecasters are predicting 21 named storms, of which up to 11 could become hurricanes.

The global average breach cost reached $4.45 million, with detection and escalation the most expensive component—indicating a shift toward more extended and complex investigations.

Here’s what the perplexing job market, wage growth, the end of the pandemic and more mean for your agency.

Higher interest rates and uncertain economic conditions continue to limit deals, according to OPTIS Partners.

The independent agency channel is holding ground and making slow, steady gains in lines of business penetration, including homeowners.

This week, Farmers Insurance said it will stop offering home, auto and umbrella policies in Florida.

In a video released yesterday, Big “I” Chairman John Costello apologized for an interview segment conducted at the Big “I” Legislative Conference.