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Three insurers spent more on brokers than they earned in premiums
Security Group  Coming in second, Security Group spent $212,498 on commission and brokerage expenses in 2024, well in the range of the $311,904 it earned in premiums. This translates to a ratio of 68%, the highest the firm has recorded in five years.  Source link

Alabama lawmakers push to extend coastal insurance study
The frequency and severity of these natural disasters have led to increased home insurance premiums in Alabama. Reports indicate that the average annual home insurance rate in Atlantic and Gulf Coast states, including Alabama, was $2,994 in 2024, which is 26% higher than the 2023 national average of $2,377. Source link

Protect Your Packaging Business With the Right Insurance
Packaging businesses play a crucial role in supply chains across industries—from food and beverage to electronics and retail. Whether manufacturing packaging materials or acting as a broker, day-to-day operations come with complex risks. Transportation delays, raw material shortages, inflation, production disruptions, and equipment breakdowns are just a few challenges that can quickly impact profitability. That’s…

US car thefts see largest drop in years
Despite an 18% decline, the District of Columbia had the highest vehicle theft rate in the country, with 842.4 thefts per 100,000 residents, more than three times the national average of 250.2 per 100,000. Other states with high theft rates included California at 463.2 per 100,000 residents, New Mexico at 458.2, Colorado at 430.0, and…