Nightmare customers and economic anxiety were balanced out by the news that the U.S. Senate has reintroduced a bill to make the 20% small business tax deduction permanent.
May's most read was a mixed bag. Nightmare customers and economic anxiety were balanced out by the news that the U.S. Senate has reintroduced a bill to make the 20% small business tax deduction permanent.
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Here are the five most-read articles on iamagazine.com in May:
5) Senate Reintroduces Bill to Make 20% Tax Deduction for Small Bu
sinesses Permanent
By Raaed Haddad
The deduction is set to expire in 2025 but is heavily relied upon by many Big “I" members and their clients.
4) The Impact of ChatGPT on the Insu
rance Industry
By AnneMarie McPherson Spears
As large language models continue to be finessed, the insurance industry has a lot to gain from utilizing artificial intelligence programs like ChatGPT.
3) How Litigation Funding Firm
s Are Making Social Inflation Worse
By Olivia Overman
As litigation funding becomes more common in general liability litigation, rising claims costs are impacting the casualty market.
2) Consumers Cut Coverage as Economic Anxiety Grows
By Will Jones
As economic anxiety increases and the hard market pushes insurance premiums higher, 51% of consumers said they are looking for ways to save money on their existing insurance policies.
1) Can an Agency Non-Renew a Nightmare Customer?
By Big “I" Virtual University Faculty
A client has been very belligerent to agency staff throughout the years yet still stays with the agency. If the agency gives a 60-day notice, can it non-renew this client?
Compiled by AnneMarie McPherson Spears, IA news editor.
