News

To date, no major hurricanes have made landfall in the U.S. during the 2026 Atlantic hurricane season. Does a quiet year signal that hurricane risk is easing? The evidence suggests no.

Continued wage growth across major trades reflected ongoing skilled labor shortages, capacity limitations and a demand for specialized construction services.

Almost 2 in 3 independent insurance agents used AI on the job at least a few times in the past year, making agency governance all the more crucial.

Best Practices agencies continue to deliver excellent profitability above pre-pandemic historical averages, even as organic growth slowed due to a softening property & casualty market.

After years of rising insurance costs driven in part by legal system abuse, litigation financing and nuclear verdicts, tort reform is beginning to translate into lower premiums, rate reductions and direct savings for consumers.

July brought the news that the property & casualty industry’s 2025 underwriting results were the strongest in a decade.

The bill would help deter insurance fraud, reduce unnecessary litigation costs and ease the pressure of rising insurance premiums.

Agency mergers & acquisitions activity was down 15% in the first half of 2026, signaling a more disciplined environment. However, appetite for high-quality acquisitions remains high.

Personal auto and homeowners helped propel the property & casualty market to a $61.2 billion underwriting profit and a combined ratio of 93. However, commercial auto and liability lines continue to face challenges.

John “Jack” C. Roche retires after a distinguished 40-year career in the insurance industry.