article thumbnail

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 …

article thumbnail

Viewpoint: Innovation Enhances Brokers’ Growth and Profits

Insurance Journal

insurance agents and brokers, but until recently that has been easier to assert than to achieve consistently. Boosting growth and profitability is a goal for all U.S. Booking organic growth is difficult, even for firms with strong sales cultures, and …

Broker 246
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

‘Big Beautiful’ Tax Breaks for Insurance Agents in Bill Passed by House, Says Big I

Insurance Journal

The Independent Insurance Agents and Brokers of America celebrated a “significant victory” for independent agents with the passage of a sweeping tax bill this week by the House of Representatives. The so-called “Big Beautiful Bill” of tax reform makes much …

article thumbnail

Catalyit, Big I Partner on Tech-Adoption Support for Independent Agents

Insurance Journal

Catalyit, an insurance technology hub for independent insurance agents, is partnering with the Independent Insurance Agents & Brokers of America, Inc. the Big “I”) to support independent insurance agents in selecting, implementing and optimizing the right technologies for their agencies.

Agents 264
article thumbnail

NC Insurance Broker Sentenced to Five Years in Long-running Tax Scheme

Insurance Journal

A federal judge on Wednesday sentenced a North Carolina insurance agent to five years in prison for his role in a decade-long scheme that created fraudulent tax shelters and cheated the U.S. government of more than $22 million in tax …

article thumbnail

Former Texas Insurance Broker Charged in Alleged Scam

Insurance Journal

A former Friendswood, Texas insurance agent turned himself into authorities last week over charges that he fraudulently brokered insurance policies, the Friendswood Police Department announced. Edgar Peralta of Edgar Peralta with Peralta Insurance Brokerage LLC, is charged with theft, a …

Broker 168
article thumbnail

South Florida Insurance Broker Pleads Guilty to Fraud in $133M ACA Enrollment Scheme

Insurance Journal

A south Florida insurance broker is awaiting sentencing after pleading guilty last week to a $134 million scheme that fraudulently enrolled thousands of people in Affordable Care Act health insurance plans. Dafud Iza, 54, of Pembroke Pines, signed a plea …