Monthly Archives: September 2025

Three-Year Trends in New York’s P&C Insurance Marketplace

Abstract: The 2024 Big I New York P&C Marketplace Report is ready to read! Body: Premium Growth and Market Scale: New York's P&C insurance marketplace continued its upward trajectory over the past three years, with Direct Premium Written (DPW) growing from $58.7 billion in 2022, to $63.6 billion in 2023, and then to $69.0 billion in 2024. Year-over-year growth rates improved slightly from +7.8% in 2023 to +8.4% in 2024, although still below the national growth pace of +9.6%.Loss Ratios Performance: Loss ratios in New York remained relatively stable but slightly elevated compared to the national average. Across all P&C lines, New York posted:2022: 64%2023:…

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Big I New York Joins Statewide Coalition to Modernize Outdated Scaffold Law

Abstract: As part of its ongoing efforts to modernize New York’s costly Labor Laws 240 and 241, Big I New York has joined a broad coalition of Scaffold Law reform advocates to launch the Build More New York initiative. Body: ​As part of its ongoing efforts to modernize New York's costly Labor Laws 240 and 241, Big I New York has joined a broad coalition of Scaffold Law reform advocates to launch the Build More New York initiative. This diverse coalition includes contractors, businesses, municipalities, insurers, and other stakeholders affected by the law.  The group of advocates supports a federal proposal that would bar the…

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Agency Compensation 360 is LIVE – Take the Survey Today!

Abstract: The wait is over! Agency Compensation 360, a first-of-its-kind, multi-state compensation survey built exclusively for independent insurance agencies, is officially live. And here’s the bottom line: if you don’t participate, you won’t get access to the results. Body: ​Agency Compensation 360 Is Live – Take the Survey Today!The wait is over! Agency Compensation 360, a first-of-its-kind, multi-state compensation survey built exclusively for independent insurance agencies, is officially live. And here's the bottom line: if you don't participate, you won't get access to the results.Why You Should Take the SurveyBy completing the survey, you'll get EXCLUSIVE access to an interactive dashboard when results are released…

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