Industry Trends

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.

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.