Industry Trends

The personal lines segment was the driver of the improved results, while commercial auto and liability lines continued to face negative results

After several years of hard market conditions, agencies are renewing emphasis on retention—and those making the most progress are not relying on renewal conversations alone.

The solution enables carriers to proactively deliver renewal quotes directly within Applied Epic before agencies begin the remarketing process. 

Local catastrophes caused intense regional volatility, according to Verisk, but overall lower claim volume contributed to the property & casualty industry’s strong first-quarter results.

The independent agency channel maintains a strong position amid improving underwriting results.

The Hanover survey points to a coverage confidence gap between what consumers say they value in homeowners coverage and what they have taken the time to verify.

While claims declined, roof losses continue to grow more severe and less predictable, driven by aging housing stock, widespread hail exposure and rising replacement costs, according to Verisk.

The 2026 hurricane season, which starts on June 1, is projected to be below average, with eight to 14 named storms expected.

As personal auto policy shopping reached historic highs, distracted driving also increased, especially among older drivers.

While every state saw residential and commercial reconstruction costs increase, premiums for personal auto and homeowners policies show signs of deceleration.