Top 5 Most-Read Articles in Independent Agent in June
Erie Insurance and Philadelphia Insurance Companies grappled with extended system outages, prompting errors & omissions concerns for independent insurance agents.
Legal and Compliance
Fannie Mae and Freddie Mac Postpone Updated Guidance for Property Insurance Coverage
The guidance was set to take effect on June 1 and would have required mortgagors to acquire replacement cost value coverage for their property, including roofs, deeming actual cash value unacceptable.
AM Best: Downgrades Outnumber Upgrades in 2023
AM Best downgraded 32 property & casualty companies’ credit ratings in the first half of 2023, including 21 personal lines insurers.
J.D. Power and Big ‘I’ Study: Agents’ Carrier Relationships in Hard Market
In the current hard market environment, independent agents are proactively shopping ahead for their clients more than they have in the past.
