Industry Trends

The second quarter of 2022 saw personal lines rate increases stabilize at 5.16%. Commercial rates also stabilized at a composite increase rate of 5.91%.

Nationally, nearly 7.8 million single and multifamily homes with more than $2.3 trillion in combined reconstruction cost value are at risk of storm surge, according to CoreLogic.

The Independent Insurance Agents and Brokers of America issued the following statement regarding the controversial sign posted by the Harry E. Reed Agency in Millinocket, Maine, on Juneteenth.

David Long has worked for the Boston-based insurer for 37 years, becoming president in 2010, CEO in 2011 and chairman in 2013. He will retire at the end of the year.

Geico is still contesting whether the claim is covered in federal court and the outcome will determine whether the company has to pay the settlement.

As employees continue to make plans to switch jobs, employers aren’t on the same page when it comes to their reasons for leaving, workplace quality and more, according to The Hartford.

Scientists forecast at least 19 named storms and nine hurricanes for the 2022 hurricane season, which officially begins June 1.

U.S. traffic deaths jumped 10.5% to 42,915 in 2021, up from 38,824 in 2020, according to a preliminary estimate released by the National Highway Traffic Safety Administration.

The survey found that nearly half of independent agency new hires were millennials, and the percentage of Generation Z new hires is increasing.

Only 30% of insured homeowners have purchased more insurance or increased coverage limits to compensate for rising building costs, the APCIA survey found.