News

Costello reminded members of Congress—and their staff—of the critical role the independent insurance agency system plays in protecting America’s families and businesses.

Rising economic and social inflation, supply chain constraints, catastrophic weather driving up losses, and historic cost increases for reinsurance has led to significant pressure on the property-casualty industry.

Severe events, inflation and supply chain-related concerns coupled with the strain on digital tools has led to increased dissatisfaction among homeowner clients.

The more than $4 trillion in tax hikes this budget proposes would dangerously target small businesses.

The hearing, which will be livestreamed, will examine the availability of flood insurance in the United States and the steps that can be taken to increase take-up rates.

A study by Liberty Mutual and Safeco found that men still outnumber women in leadership roles by two to one.

State Farm’s record underwriting loss was due to rapidly increasing claims severity and significant additions to prior accident year incurred claims.

While construction costs on single-family homes were up nearly 17% in 2022, 56% of homeowners have not reviewed their homeowners policy in the last year.

The proposed new rule would prohibit the use of noncompete agreements and would apply to employees, independent contractors, interns, volunteers, apprentices, and other types of workers.

Two top House committees considered legislation that would impact how agents and brokers conform with national data privacy laws and standards.