Industry Trends

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.

This year’s Small Business Saturday is on Nov. 26 and it’s more important than ever to support your community’s local businesses.

Over the next 12 months, 68% of companies plan to increase staff, largely due to an anticipated increase in the volume of business as well as current understaffing.

With inflation peaking at its highest level in 40 years, auto loss ratios are at their second highest in over 20 years.

Even as the fall reflected a return to “normal” after a spike in mergers & acquisitions last year, the third quarter of 2022 was the second-busiest quarter for M&A activity ever.

For every woman at the director level who gets promoted, two female directors are choosing to leave their company, according to the McKinsey & Co and LeanIn study.

The number of independent insurance agencies has increased, according to the newly released study hailed as the most comprehensive look at the independent agency system.