Property Claims Decline as Regional CAT Events Intensify
Local catastrophes caused intense regional volatility, according to Verisk, but overall lower claim volume contributed to the property & casualty industry’s strong first-quarter results.
Local catastrophes caused intense regional volatility, according to Verisk, but overall lower claim volume contributed to the property & casualty industry’s strong first-quarter results.
June highlighted 10 young agents making their mark on the insurance industry. And the Big ‘I’ 2026 Market Share Report shows that, despite market headwinds, the independent agency channel is holding strong.
North Carolina has taken a groundbreaking step in the fight against legal system abuse by becoming the first state in the nation to prohibit third-party litigation financing.
The independent agency channel maintains a strong position amid improving underwriting results.
Last week’s Insurtech Insights conference in New York City explored the unique challenges of implementing artificial intelligence (AI) in the insurance industry.
The Hanover survey points to a coverage confidence gap between what consumers say they value in homeowners coverage and what they have taken the time to verify.
The bills signed into law last week address some of the core factors that have driven exorbitant auto insurance premiums in New York.
An independent agency business listing on the site is included with Big “I” membership.
May brought news of moderating pressures in the long-suffering personal lines space, with early signs that increases in reconstruction costs and personal auto premium hikes may be beginning to slow.
While claims declined, roof losses continue to grow more severe and less predictable, driven by aging housing stock, widespread hail exposure and rising replacement costs, according to Verisk.