The legal profession has experienced many transformations over the past year, but perhaps none as dramatic as the fundamental shift in how legal professionals approach insurance coverage. In a stunning reversal from previous years, 45% of legal professionals are now upgrading their insurance policies, a staggering jump from just 14% who had such plans in 2024. While other law firm trends have surprised us this year, this one may take the cake. ...
We have periodically conducted surveys on underwriting for more than 15 years to understand the state of the function and how technology is—or isn’t—helping it to evolve. In our most recent report Underwriting rewritten, we asked what percentage of time underwriters are spending on non-core tasks. This time, we saw some incremental improvement year–over–year compared to our 2021 survey but still more than a third of an underwriter’s time is spend on non-core activities such as data collection or administrative activities. ...
If you’re an independent insurance agent, you already know what’s around the corner. Late summer and early fall bring peak CAT (catastrophic) event seasons, and they’re no joke. From hurricanes and wildfires to floods and severe storms, this time of year tends to hit hard. ...
Increased legislative involvement in regulating homeowners’ insurance pricing and rates – as recently called for by some officials in Illinois – would hurt insurance affordability in the state, rather than helping consumers as intended, Triple-I says in its latest Issues Brief. ...
As artificial intelligence becomes integral to business operations across industries, companies face new and evolving risks that traditional insurance policies weren’t designed to address. Artificial intelligence insurance provides specialized coverage for the unique exposures that arise from developing, deploying, and using AI technologies. ...
Homeownership has long been synonymous with the American Dream. And it’s no wonder: owning property allows you to customize where you live, build stability, and, perhaps most importantly, it gives you the opportunity to build long-term wealth. ...
Among homeowners surveyed by the Insurance Research Council (IRC), 88 percent recognize that aerial imagery is a beneficial tool for insurers. ...
For at least the last half-decade, financial concerns have topped the list of concerns for nearly all industries. Rising costs, revenue pressures, and financial sustainability dominated risk conversations across law firms, tech companies, healthcare, and more. But 2025 marked a major shift in the legal profession’s risk landscape specifically, with a dramatic reordering of priorities that reveals an industry operating from a different foundation. ...