News

However, progress could be undone by the January California wildfires and the impact of tariffs, the report from Triple-I and Milliman warned.

Despite rising concerns, 26% of commercial property owners admit to knowingly carrying inadequate insurance coverage to account for severe weather events, an 8-point increase from 2023.

Mergers and acquisition insurance sector deals dropped 15% to 141 in the first quarter of 2025, a decline from 166 in the first quarter of 2024.

Momentum has been building in the U.S. Senate where several new bipartisan proposals aim to improve forest management, reduce wildfire risks and strengthen disaster resilience.

The end of March brought news that the overall property & casualty industry is returning to profitability. Nevertheless, the first quarter of 2025 saw rates continue to rise for both commercial and personal lines.

Dog-related claims have increased significantly in both frequency and cost, according to the latest claims data analysis from the Insurance Information Institute (Triple-I) and State Farm.

This week, the Big “I” presented several awards to the members that represent the best of the association, including the Woodworth Memorial Award, Inclusive Excellence Champion and more.

Todd Jackson, Big “I” chairman, declared the state of the association is strong citing solid financials, a debt-free balance sheet, a handful of new initiatives and a commitment to collaboration.

Rep. Bill Huizenga (R-Michigan) sat down with Nathan Riedel, Big “I” senior vice president of federal government affairs, for a fireside chat.

Rep. Steve Scalise (R-Louisiana) is a strong advocate for the independent agency system and a leader on important issues like flood insurance and tax policy.