The independent insurance agent and broker channel posted an organic growth rate of 10.3% for 2023 — the highest annual level achieved since Reagan Consulting launched its quarterly Growth & Profitability study (GPS) in 2008.
Author: Annie George
Disasters Forced 2.5M Americans from Their Homes Last Year
An estimated 2.5 million people were forced from their homes in the United States by weather-related disasters in 2023, according to new data from the Census Bureau.
SEC Drops Some Emissions Disclosure Requirements from Draft Climate Rules
The U.S. Securities and Exchange Commission (SEC) has removed some of its most ambitious greenhouse gas emission disclosure requirements from corporate climate risk rules it is preparing to adopt, people familiar with the matter said on Thursday.
The High Cost of Car Insurance for Both Drivers and Insurers
You may have noticed that insuring your car has gotten insanely expensive. It isn’t just happening in the U.S., and it isn’t all about used-car prices either.
Common Software Vulnerabilities Predicted to Jump by 25% in 2024: Coalition
The number of software vulnerabilities – a key attack vector for cyber threat actors — continues to rise and is expected to jump by 25% to nearly 35,000 or 2,900 per month in 2024, according to a recent Coalition report.
IICF Philanthropic Roundtable Gathers Insurance Leaders for Discussions on Charitable Giving, Impact of Global Initiatives
The Insurance Industry Charitable Foundation (IICF) hosted the 2024 IICF Philanthropic Roundtable on Thursday, gathering leaders from twenty-five major insurance organizations for a series of presentations on charitable giving and volunteerism in the insurance industry.
CoreLogic Previews the Evolving Severe Convective Storm Risk Landscape in New Report
CoreLogic®, a leader in global property information, analytics and data-enabled solutions, released its 2024 Severe Convective Storm Report, detailing how severe thunderstorm risk is growing in the United States and highlighting the historic severe convective storm activity, also known as severe thunderstorm, seen in 2023. There were 141 days with large hail (two inch or greater) in 2023—the highest number of days in 20 years.
Q1 2024 Insurance Labor Market Study: Industry Enters Year with Cautious Optimism
The latest iteration of the Semi-Annual U.S. Insurance Labor Market Study conducted by The Jacobson Group and Aon plc found 90% of respondents intend to increase or maintain staff size in 2024.
Insurers’ LNG Support at Odds with Their Climate Ambition, Report Says
The underwriting of liquefied natural gas (LNG) capacity in the US by major global insurers is at odds with their climate ambition, according to a report from activist groups including Public Citizen and Rainforest Action Network.
Aon’s $13.4B Acquisition of NFP Clears Regulatory Hurdle
Aon plc and U.S. middle market property/casualty broker NFP Corp. cleared a regulatory hurdle in Aon’s proposed $13.4 billion acquisition of NFP as a waiting period expired under the U.S. Hart-Scott-Rodino Antitrust Improvements Act of 1976.