“The world’s not a less risky place.” “We’re clearly in historical hard market conditions for property and casualty.” “I don’t think we’re going to see anywhere near the same level of flow back into the admitted market.” These are the …
Auto insurance shopping volume set a new record for the second consecutive quarter of 2024. The number of U.S. consumers shopping for auto insurance was up 7%, compared to Q2 2023, according to TransUnion’s latest quarterly Insurance Personal Lines Trends …
Despite challenges posed by inflation, market volatility and rapidly changing technologies, independent agents remain positive about their businesses and report more optimistic perceptions of national business conditions this year than they did last year. That’s according to the recent Nationwide …
This year marks the 20th annual publication of Insurance Journal’s Top 100 Independent Agencies special report. Again, a large majority of firms in the Top 100 saw notable increases in total property/casualty revenue year-over-year. From 2022 to 2023 the Total …
It’s no secret — independent insurance agencies are struggling to find qualified job candidates. And young talent may be even harder to find. According to a recent report by Vertafore, nearly a third of agents surveyed said they’re finding that …
The trust factor is critical in the insurance purchasing process. When customers trust their insurance provider they feel more satisfied with the insurance buying process even in the face of rising rates. That’s according to the J.D. Power 2024 U.S. …
The U.S. property/casualty insurance segment’s net investment income hit a record $73.9 billion in 2023, bolstered by the higher interest rate environment, according to a new AM Best report. The Best’s Special Report, “U.S. P/C Insurers Achieve Record Investment Income …
When it comes to understanding why auto rates are up, I feel fairly knowledgeable. After all I spend my working life reviewing and reporting on the property/casualty insurance world, so I hear the industry explain again and again why personal …
While the overall number of wildfires per year is declining, the increasing size and intensity of fires have led to more property damage than ever before. The average fire size has tripled over the past 30 years, according to a …
Pregnant employees now have the right to accommodations under new federal regulations for enforcing the Pregnant Workers Fairness Act. These protections are likely to change workplace culture for millions of people, but no other working group is likely to be …
