06/30/2025
Paragon Achieves SOC 2 Compliance & More
We don’t toot our own horn often, but this month we’re doing exactly that (beep beep) thanks to our SOC 2 compliance achievement. There is also a heavy dose of hurricane preparation tips now that the season is fully underway. And, of course, if you need some reading material for the holiday-shortened week, as always, we’ve got you covered.
SOC 2: Achievement Unlocked
Paragon is proud to announce achieving SOC 2 compliance, a key milestone showcasing our commitment to data security and trust. SOC 2, developed by the AICPA, evaluates standards across security, availability, processing integrity, confidentiality, and privacy. Our audit, conducted by A-LIGN, confirms that our processes meet and exceed industry expectations for safeguarding sensitive information.
Check out this in depth look at how we take your data and business as serious as you do.
Prepare Now for Hurricanes Later
The 2025 Atlantic season is forecasted to be intense, with up to 18 hurricanes and five major storms expected. With damage costs climbing each year, public entities can’t afford to overlook preventative property maintenance. Emergency shelters and community spaces like schools and recreation centers must be ready to protect those in need during severe weather.
Check out our guide with five key things to prepare and even more information on protecting your buildings.
Don’t delay! Prepare your properties and ensure your community’s safety this storm season.
The MGA Era
Big growth, big specialization and big questions on AI accountability: Welcome to the MGA era, where premiums are still on the rise in a big way, according to AM Best. MGAs saw premiums grow by an impressive 14.5% in 2024, hitting nearly $90 billion. Four straight years of double-digit growth!
War-risk Insurance
With missiles flying across the Middle East, rising war‑risk insurance premiums for shipping through the Strait of Hormuz have surged, adding tens of thousands of dollars per voyage, according to Reuters.
Slow M&A Q1
The broker M&A party is turning into a bit of a dud. S&P Global says only 101 North American deals closed in the first quarter, with total value crashing to just $1.7 billion. That’s down from $13.5 billion in the previous quarter. You can blame tariffs, market jitters, higher borrowing costs or maybe it’s just a hangover from the 2021 feeding frenzy. Either way, it’s the slowest quarter in four years.
Gen Z Keeping it Real
A new report from Cake & Arrow reveals just 6% of Gen Z actually trust financial institutions, insurers included. Instead of waiting around for the industry to meet them where they are, they’re crafting their own playbooks — leaning into side hustles, DIY stability and financial independence on their own terms.
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