We updated our Instant Insights page, <a href="https://www.propertycasualty360.com/instant-insights/business-of-insurance/">"The Business of Insurance,"</a> this week to include the latest industry news. (Photo: Shutterstock) We updated our Instant Insights page,"The Business of Insurance," this week to include the latestindustry news. (Photo: Shutterstock)

We are just a few weeks into the second quarter of 2020, so it'sa great time to look back at the first months of the year for asnapshot of the state of the business, from rating and renewalactivity to market trends.

For example, commercial renewal rates in Q1 2020 reached anall-time high of 5.4% across all product lines, says data fromIVANS. Also, in the first quarter, unemployment in the insuranceindustry dropped from 2.6% in January to 1% in February.

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Heather A. Turner

Heather A. Turner is the managing editor of ALM's NU Property & Casualty Group. She can be reached at [email protected].