Industry News

​Highly Digital Agencies Grow 60% Faster Than the Competition​​​A recent survey of nearly 600 U.S.-based independent agents from Liberty Mutual and Safeco Insurance sought to understand how independent insurance agencies are evolving to meet new expectations. The results, published in the “Rise of the Digital Insurance Agency" report, found that digitally-savvy agencies grow an average of 60% more than their less digital counterparts. See marketing materials from Trusted Choice here.Commercial P&C ​​Insurance Rates Continue Upward Trajectory​During the first quarter of 2021, commercial property & casualty rates saw an overall gain of 7%, according to MarketScout Corp., which reported umbrella, professional liability and D&O all saw double-digit…

Insurers Beware: Potential Impacts of New York's Cyber Insurance Risk Framew​​ork​During its current legislative session, New York is c​onsidering a proposed privacy bill that would greatly enhance consumer privacy rights, increase business obligations and create new litigation/enforcement exposure.Workplace Safety Considerations a​s the Vaccine Rolls Out​With the vaccine continuing to roll out across the country, you may have questions besides if you should or shouldn't require your employees to be vaccinated, like - do vaccinated employees need masks? Should we track who has been vaccinated?  Learn more about this important considerations as you re-open your agency.Big 'I' and Future One Re​lease 2020 Agency Universe Study COVID-19…

​Biennial study reveals stability and challenges in independent agency system.ALEXANDRIA, VA, March 29, 2021—The number of independent insurance agencies has remained stable and business conditions continue to improve, although at a slower rate than 2018, according to the 2020 Agency Universe Study.Future One, a collaboration of the Big “I" and leading independent agency companies, has released key findings from the recently completed Agency Universe Study, hailed as the most comprehensive look at the independent agency system.   “The 2020 Agency Universe Study reveals good news for the independent agency system, including continued adaption to the digital solutions and innovations that enable independent agents and brokers across…