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Q1 Shows ‘Clear’ Signs of Commercial P/C Softening, Says CIAB

Insurance Journal

By Chad Hemenway According to The Council of Insurance Agents & Brokers (CIAB) quarterly survey, commercial property/casualty premiums across all account sizes in the first quarter of 2025 rose by 4.2%–down 22% from the last three months of 2024 and …

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CIAB: Clear Evidence of Softening Commercial P/C Market Conditions in Q2

Insurance Journal

Commercial property/casualty premium increases in the second quarter 2024 were flat or down from the previous quarter for all lines of business—evidence of a softening insurance market, according to The Council of Insurance Agents & Brokers (CIAB) quarterly survey. Premiums …

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What Are the Duties of An Insurance Agent to the Policyholder—A Michigan Case Example

Property Insurance Coverage Law

The duties of an insurance agent to the policyholder will differ depending on state law. Yesterday’s post about a Michigan coverage case, Order and Bind Insurance Before the Loss—Commercial Policy Covers Water Damage Under Drain Backup Endorsement, noted that there was also an issue with insurance agent negligence.

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Agents Report Limited Damage But More Claims Expected As Floridians Return Home

Insurance Journal

Insurance agents and carriers in the path of Hurricane Milton reported only minor damage to their own offices and homes but a rapidly growing number of claims from residential and commercial policyholders for roof, flood and auto damage. The Florida …

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CIAB: All Commercial Lines See Lower Q3 Premium Increases Except Umbrella

Insurance Journal

According to The Council of Insurance Agents & Brokers (CIAB) quarterly survey, commercial property/casualty premiums across all account sizes rose … Respondents of a recent survey reported lower premium increases for all lines of business except umbrella during the third quarter.

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Q1 Shows ‘Clear’ Signs of Commercial P/C Softening, Says CIAB

Insurance Journal

According to The Council of Insurance Agents & Brokers (CIAB) quarterly survey, commercial property/casualty premiums across all account sizes in the first quarter 2025 rose by 4.2%down down 22% from the last three months of 2024 and a “clear” signal of …

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The Impact of 2 Storms and Claims Advice From a Second-Generation Insurance Agent

Insurance Journal

As if it were yesterday, I vividly remember going to my first catastrophic fire loss with my dad at the young age of nine. It was a house fire in Sarasota involving a resident falling asleep with a lit cigarette.