Reflecting little change from the third quarter of 2018, fourth-quarter composite rates for commercial and personal lines were up +2% and +2.25%, respectively, according to the latest quarterly MarketScout pricing survey.
As a result of the record storm surge, flooding extended well beyond FEMA’s designated Special Flood Hazard Areas into territories where purchasing flood insurance is not mandatory.
Reflecting little change from the second quarter of 2018, third-quarter composite rates for commercial and personal lines were up +2.5% and +2%, respectively.
Six of the 10 largest wildfires in California’s history occurred in the past decade, and nine of those 10 happened this century. The effect on the Golden State’s homeowners insurance market has been nothing short of cataclysmic.
Nationwide recently announced its intention to shift entirely to an independent agency distribution model. IA spoke with Amy Shore, president of P&C sales & distribution for Nationwide, about what the transition will look like at the agency and company le
Recently, American Family Insurance Group and The Main Street America Group announced they are pursuing a merger. IA talked with Tom Van Berkel, Main Street America’s chairman, president & CEO, about the merger and what it means for independent agents.
Reflecting no change from the last quarter of 2017, composite rates for commercial and personal lines were up +2% and +3%, respectively, in the first quarter of 2018.
Independent agents represent a “significant growth engine” for insurers that understand how to build strong relationships with their distribution force, according to a new J.D. Power study. But there is room for improvement in the agent-carrier relationsh
In catastrophe-exposed areas, some homes are experiencing rate increases as high as +15% heading into the New Year.
As victims of Hurricanes Harvey and Irma begin to pick up the pieces, independent agents in Florida and Texas are stepping up to the challenge to be there for their clients.
