From personal auto, dog-related claims and more, all eyes were on the hardening market in April.
With personal auto, dog-related claims and more, all eyes were on the hardening market in April.
Independent Agent magazine is the authoritative source of information for professionals who sell insurance for independent agencies. Whether it's a seasoned agency principal, producer, or account representative, Independent Agent helps agency employees increase sales and deliver an industry-leading customer experience.
In addition to thought-leading analysis of industry trends and market conditions, Independent Agent covers property-casualty coverage changes and new products, interprets legislative issues, and delivers the strategies managers need to grow their agencies.
Here are the five most-read articles on iamagazine.com in April:
5) 3 Ways Agents Can Help Clients Understand Flood Insurance Coverage
By Olivia Overman
The frequency of flooding, inflation and an uncertain economic outlook can make flood insurance a difficult sell.
4) What's the Difference Between a DP3 and a HO3?
By Big “I" Virtual University Faculty
A client had a secondary home insured with the DP3 that they just moved into on a full-time basis. When talking with clients, what's the best way to explain the difference between a DP3 and HO3 homeowners policy?
3) 8 Personal Auto Insurance Predictions: What's In and What's Out?
By AnneMarie McPherson Spears
As the market appears to be deteriorating, find out what's in and what's out in personal auto insurance in the year ahead.
2) Perfect Storm Creates 'Hardest Market Cycle in a Generation'
By Will Jones
Rising economic and social inflation, supply chain constraints, catastrophic weather driving up losses, and historic cost increases for reinsurance has led to significant pressure on the p-c industry.
1) Dog-Related Claims Cost $1 Billion in 2022
By AnneMarie McPherson Spears
Over the past 10 years, the average cost per dog-related claim has risen 131.7% across the U.S., an increase attributable to increased medical costs, as well as social inflation.
Compiled by AnneMarie McPherson Spears, IA news editor.
