News

Poor personal lines underwriting performance is the key driver for deteriorating results, with a personal auto combined ratio forecast of 109.5 for 2023.

With the consumer price index for auto insurance rising 17%, shopping rates were driven by consumers searching for lower premiums, as well as an increase in new car sales.

National Oceanic and Atmospheric Administration (NOAA) forecasters are predicting 21 named storms, of which up to 11 could become hurricanes.

The global average breach cost reached $4.45 million, with detection and escalation the most expensive component—indicating a shift toward more extended and complex investigations.

Here’s what the perplexing job market, wage growth, the end of the pandemic and more mean for your agency.

Another big carrier exit caught headlines, but the Hard Market Toolkit from Trusted Choice® provided resources for independent agencies to navigate this market and to effectively communicate with clients.

Higher interest rates and uncertain economic conditions continue to limit deals, according to OPTIS Partners.

The independent agency channel is holding ground and making slow, steady gains in lines of business penetration, including homeowners.

The deduction, which is scheduled to expire at the end of 2025, is heavily relied upon by many Big “I” members and their clients to expand their small businesses, hire more employees, and better serve their communities.

Ivans Distribution Platform now supports 12 commercial lines with automated appetite assessment and digitized submissions and quoting.