Legacy Risk Solutions merges with PointeNorth Insurance Group, expanding specialty insurance options in hospitality, trucking, real estate, and transportation across 40 offices with 600+ employees.
Q2 2025 U.S. insurance pricing shows moderate increases in personal and commercial lines, with notable hikes in high-net-worth homeowners and commercial auto sectors, reflecting market stabilization and underwriting cycle adjustments.
W.R. Berkley Corporation appoints Shadi Albert as president of Vela Insurance Services, signaling strategic leadership transition in excess and surplus lines insurance.
Progressive Corporation reported a sharp rise in Q2 2025 profits driven by premium growth, improved underwriting margins, and positive investment returns, with policy counts rising across personal and commercial lines.
Global commercial insurance rates dropped 3% in Q1 2025, continuing a trend of declining premiums except for a 4% rise in casualty lines driven by US market conditions.
Independent insurance agents place 62% of U.S. property and casualty premiums and 87% of commercial lines, leveraging diverse offerings and bundling advantages under regulatory compliance.
