State of insurance rating: COVID-19 weather report

The following report offers a snapshot of agency business in March during the COVID-19 pandemic. (Photo: Fotolia)

The concern over COVID-19’s impact on the economy continues to compound.

The insurance industry is not immune to these concerns, either. Many agencies and carriers have reached out to ITC to gain an understanding of what is happening in the industry. Thus far in March 2020, we have collected more than 72 million carrier rates. Our business intelligence and analytical products provide valuable insight regarding the state of consumerism in the insurance industry.