Happy Wednesday! In this week's Big I Buzz, we are sharing the Wisconsin Annual P&C Marketplace Report for IIAW members and taking a look at how wedding insurance can protect couples from the unknown.

2023 Wisconsin P&C Marketplace Report Now Available

Our Wisconsin Property-Casualty Marketplace Report gives you a deep dive into the insurer industry data for the state of Wisconsin from an independent agent's point of view. IIAW members have access to this report at NO COST. Non-members can purchase the report for $999.

The 2023 report provides the following important information on the Wisconsin P&C marketplace:

• Premiums for All 32 P&C Lines of Business in Wisconsin
• The Top 10 Lines of Business for Independent Agents
• Premium Growth Rates
• Loss Ratios
• Distribution Style Penetration Rates and Trends
• Commission Rates
• Surplus Lines Utilization Rates
• Lists of the Largest Insurers for Each of the Top Lines of Business
• Largest/Highest and Smallest/Lowest State Specific Data

Access the report here.

How Wedding Insurance Helps Launch a Couple's Financial Life

In a recent webinar by the New Hampshire Insurance Department, LuAnne King and Jason Dexter discussed the importance of wedding insurance for protecting against various liabilities and potential financial losses. Wedding insurance needs vary based on the event's specifics and should be tailored accordingly. Consumers are advised to insure engagement rings through homeowner's or renter's policies and obtain venue insurance to cover potential injuries or property damage during the event. Additionally, they highlighted the necessity of travel insurance for honeymoons, particularly for international travel, to ensure adequate medical coverage. It is important to understand policy coverages, exclusions, and working closely with insurance professionals to select appropriate plans. Read more here.

For more news, check out the Action News section of our weekly e-newsletter, Big I Buzz. If you aren’t subscribed, click here to add your email to our emailing list.