May brought the news that dog-related claims have increased significantly in both frequency and cost over the past 10 years. In better news, the Big “I” secured important tax wins as the “One Big Beautiful Bill Act" passed the U.S. House of Representatives.
May brought the news that dog-related claims have increased significantly in both frequency and cost over the past 10 years, according to claims data analysis from the Insurance Information Institute (Triple-I) and State Farm. In better news, the Big “I" secured important tax wins as the “One Big Beautiful Bill Act" passed the U.S. House of Representatives, which included a provision that would make permanent and increase the 199A deduction for pass-through entities.
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Here are the five most-read articles on iamagazine.com in May:
5) M&A Hits 5-Year First-Quarter Low But Big Deals Loom
By Will Jones
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.
4) Why the E&S Market Continues to Grow
By Olivia Overman
The hard market is among the causes of the growth of the excess & surplus market, which had previously been considered a safety valve.
3) What's Driving the Rise in E&O Claims and What Can Your Agency Do to Prevent One?
By Katie Butler
A COVID-19 hangover. The hard market. The movement of policies from the admitted market to excess & surplus lines. Whether a single factor or a combination is to blame, one thing is certain: Errors & omissions claims are on the rise.
2) Big 'I' Secures Important Wins as House Passes Tax Package
By Raaed Haddad
The bill would make permanent and increase the 199A deduction for pass-through entities from 20% to 23%, which is a huge win for many independent insurance agencies.
1) Dog Bite Claims Cost $1.6 Billion in 2024, Rising 86% in 10 Years
By AnneMarie McPherson Spears
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.
Compiled by AnneMarie McPherson Spears, IA news editor.
