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.
Despite the end of March bringing news that the overall property & casualty industry is returning to profitability, the first quarter of 2025 saw rates continue to rise for both commercial and personal lines. Roof claim costs soared between 2022 and 2024, contributing to increasing homeowners insurance premiums.
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Here are the five most-read articles on iamagazine.com in April:
5) How Does a Divorce Impact Your Agency Value?
By Jeff Smith
While no one enters marriage with the prospect of divorce, it happens and can wreak havoc on an agency both operationally and strategically.
4) 6 Ways to Protect Buildings from Severe Convective Storms
By Sarah Creighton
As insurers increase their underwriting restrictions to limit storm exposures, risk mitigation is becoming more important than ever for commercial insureds.
3) Cannabis Operators Struggle as Regulations Shift on a State-by-State Basis
By Olivia Overman
Challenges persist for the cannabis industry due to changes in the regulatory landscape, an increase in product recalls, increasing premiums and industry consolidation.
2) Personal and Commercial Rates Continue to Rise in Q1 2025
By Will Jones
Personal lines rate increases were driven by homeowners insurance premiums, while auto and umbrella and excess liability saw the most significant commercial lines rate hikes.
1) Roof Claim Costs Increased 30% from 2022 to 2024
By Olivia Overman
Roof repair and replacement cost value totaled nearly $31 billion in 2024, according to a report from Verisk.
Compiled by AnneMarie McPherson Spears, IA news editor.
