Industry Trends

Roof Claim Costs Increased 30% from 2022 to 2024

Roof repair and replacement cost value totaled nearly $31 billion in 2024, according to a report from Verisk.

Row of modern roofs on two seperate houses one white and blue with orange roof tiles and double gable with visible chimney. In blue sky background with no clouds in midday sun in neighborhood.

Personal and Commercial Rates Continue to Rise in Q1 2025

Personal lines rate increases were driven by homeowners insurance premiums, while auto and umbrella and excess liability saw the most significant commercial lines rate hikes.

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Half of Independent Insurance Agency Employees Feel Burned Out

While more than 2 in 3 (69%) say the insurance industry is a great place to work and 4 out of 5 (81%) say they are satisfied with their job, high rates of burnout are threatening to dampen job satisfaction, according to Liberty Mutual and Safeco.

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