Industry Trends

The report points to independent agencies’ dominance in commercial lines, with nearly 88% of all commercial lines written premium placed by the independent agency channel.

While CAT losses are down in the first half of 2022, they are 18% higher than the 21st-century average, according to Aon.

In April, Markets Pulse e-newsletter recipients were quizzed on their catastrophe risks knowledge. Here are the results.

As many as 53% of independent agents are expecting a significant increase in online commercial insurance buyers over the next three years.

Auto claimants’ wait for collision repairs jumped 4.5 days in the second quarter of 2022 from the second quarter of 2021, according to a report from Enterprise Rent-a-Car.

Acrisure, a financial services technology provider and one of the top-10 largest insurance brokers in America, will take over the naming rights of the Pittsburgh Steelers’ home field.

Forty-four percent of employees around the world reported experiencing stress during “a lot” of the day, according to the Gallup report.

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.