More than 1 in 3 Workplace Injuries Occur in First Year on the Job
First-year injuries led to more than 6 million lost workdays over a five-year period, according to a Travelers report.
Industry Trends
Personal Auto Insurance Trends: Shopping and Switching Declines
Auto insurance switching is down 3.2% in the first quarter 2022, while quoting is down 11.1% for the same period, according to J.D. Power.
Vertafore Workforce Study: Agencies Are Working to Create the ‘Next Normal’
Nearly 80% of agency owners have made operational changes to counteract the Great Resignation.
Hybrid Work Is the ‘Best of Both Worlds,’ Says Harvard Study
One or two days in the office per week is the ideal setup, the study found.
Dog-Related Claims Cost $881 Million in 2021
The number of dog bite claims across the country increased 2.2% from 2020, according to a study released last week.
Composite Rates Rise in Q1 2022—and It’s Not Over Yet
As losses mount, insurance companies and their reinsurers continue to assess rate increases across all lines of coverage and industry groups.
Vertafore Unveils Commercial Quoting Solution for Independent Insurance Agents
The platform gives independent agencies more options for quickly quoting coverage for their business clients.
CNA Joins Vertafore’s Commercial Submissions Solution
CNA’s addition to the Commercial Submissions™ platform gives independent agencies more options for quickly quoting coverage for their business clients.
11 InsurTech Platforms That Matter Most Right Now
Forrester, an influential research and advisory firm, released “The Forrester Wave™: Digital Insurance Agency Platforms, Q1 2022″ report identifying the most significant insurance agency platforms.
Berkshire Hathaway to Acquire Alleghany for $11.6 Billion
The purchase of property-casualty insurer Alleghany is Berkshire Hathaway CEO Warren Buffett’s biggest deal since 2016.
