2023 was a rough one for the property & casualty industry. In the “hardest market cycle in a generation," as the American Property Casualty Insurance Association (APCIA) put it, companies fled from troubled property and auto markets—and agents dealt with the fallout.

Throughout the year, the Big “I" and Independent Agent magazine have been hard at work, examining emerging market trends and helping you be there for your clients with the latest insights and analysis.

Here's a look at the most-read articles on iamagazine.com in 2023:

10) 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?

9) State Farm Withdraws From California Homeowners, Commercial Property Market

By Will Jones

State Farm cited the hard market and protecting the company's bottom line as the reason for the withdrawal.

8) AM Best: Downgrades Outnumber Upgrades in 2023

By AnneMarie McPherson Spears

AM Best downgraded 32 property & casualty companies' credit ratings in the first half of 2023, including 21 personal lines insurers.

7) Triple Net Lease: Including a Building Owner in a Tenant's Insurance

By Big “I" Virtual University Faculty

An insured is responsible for insuring a building under the terms of their triple net lease with the building owner. What is the best way to structure the building owner's interest on our insured's policy?

6) Can Agents Help Homeowners Manage Increasing Rates?

By Olivia Overman

Filing a claim against a homeowners policy can be both a complicated and costly matter, but can be made significantly less costly when agents provide advice on how to avoid the worst claim mistakes.

5) TikTok Trend Forces Carrier Withdrawals as Hyundai and Kia Step Up Theft Deterrents

By Will Jones

The social media trend led to a wave of vehicle thefts and forced two prominent insurance carriers to announce that they will be limiting applications for coverage.

4) P&C Market to Remain Unprofitable Until 2025

By Will Jones

Poor personal lines underwriting performance is the key driver for deteriorating results, with a personal auto combined ratio forecast of 109.5 for 2023.

3) Auto Claims Consign State Farm to Its Largest-Ever Underwriting Loss

By Olivia Overman

State Farm's record underwriting loss was due to rapidly increasing claims severity and significant additions to prior accident year incurred claims.

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 property-casualty industry.

1) Companies Pull Back from Property and Auto Insurance Markets

By Will Jones

This week, Nationwide announced it is pausing writing business in certain lines of insurance, joining the list of insurers who have withdrawn from markets.

Compiled by AnneMarie McPherson Spears, IA news editor.