News

The “Disaster Mitigation and Tax Parity Act of 2025,” reintroduced in the U.S. Senate, aims to exempt qualified catastrophe mitigation payments from being considered taxable income.

The significant increases were driven by inflation, labor shortages and supply-chain disruptions, according to a Verisk report.

While many of the same problems from 2024 followed the industry into 2025, January articles analyzed what new and continuing trends mean for consumer behavior, market capacity and loss prevention.

As legislation to reduce wildfire risk moves through the U.S. House of Representatives, the Big “I” has created a Q&A to address questions about the California wildfires and their impact on the overall insurance market.

The Big “I” endorsed the act, which affirms the state regulatory system and abolishes the Federal Insurance Office (FIO).

While 2024 saw decreased mergers and acquisition activity from the previous four years, activity was still higher than in pre-pandemic years.

Consumers believe phone calls are important for communicating with businesses, but fear of fraud prevents many from answering calls, according to a TransUnion study.

Business are most concerned about cyber, business interruption and natural catastrophes, according to the “Allianz Risk Barometer 2025.”

InsurPac, the Big “I” political action committee (PAC) and one of the largest small business PACs in the country, raised $1,291,724 during the 2024 calendar year.

While sky-high premiums prompted half of U.S. auto insurance customers to shop for a new plan last year, few alternatives meant most stayed put. That’s all about to change.