Industry Trends

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.

First-year injuries led to more than 6 million lost workdays over a five-year period, according to a Travelers report.

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.

Nearly 80% of agency owners have made operational changes to counteract the Great Resignation.

One or two days in the office per week is the ideal setup, the study found.

The number of dog bite claims across the country increased 2.2% from 2020, according to a study released last week.

As losses mount, insurance companies and their reinsurers continue to assess rate increases across all lines of coverage and industry groups.