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.
After several years of hard market conditions, agencies are renewing emphasis on retention—and those making the most progress are not relying on renewal conversations alone.
The solution enables carriers to proactively deliver renewal quotes directly within Applied Epic before agencies begin the remarketing process.
The Agency AI Labs, hosted by the Big “I” Agents Council for Technology (ACT), revealed agencies’ top use cases and concerns with artificial intelligence (AI), plus takeaways to get to the next level in AI implementation.
The bill would reauthorize the program for an additional seven years, raise the minimum loss threshold and require the Treasury Secretary to publish a notice in the Federal Register within 30 days of initiating the terrorism determination process.
