Industry Trends

AIG’s Private Client Group (PCG) business will move to this new independent platform and be rebranded as Private Client Select Insurance Services (PCS).

The National African American Insurance Association (NAAIA) report sheds light on the strides the industry has made over the past five years but also lays bare the opportunity deficit Black people still face in the industry.

After making numerous operational changes during the coronavirus pandemic, restaurant owners are now feeling optimistic about the future, according to Nationwide.

As 40% of consumers saw their rates increase, carrier ad spending has decreased and telematics adoption has stabilized after an initial surge, according to a J.D. Power report.

As the recent string of storms and flooding on the West Coast have likely hit property owners with unmitigated costs, many Americans mistakenly believe they are covered against floods, according to Neptune Flood.

The Missouri Supreme Court ruled that, because the insurer was not given the opportunity to intervene in the case before judgement was entered, the earlier court ruling should be vacated.

In the aftermath of Hurricane Ian, employees at AssuredPartners raised nearly $30,000 which was matched by the company to reach a $100,000 total contribution to the fund.

As we look back on 2022, here are three studies from the Big “I” on the state of the independent agency channel and the lessons that can be drawn from them as we move into 2023.

Data for nearly all commercial lines continued to indicate price increases in the third quarter, except for directors & officers and workers compensation.

Understaffing on underwriting teams is becoming an area of concern for insurance companies, according to a study from Convr.