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Top 10 Most-Read Online Articles in Independent Agent in 2024

Independent Agent provided coverage on several key regulatory issues that impacted agencies and their clients—most notably, the FTC noncompete agreement ban saga.
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top 10 most-read online articles in independent agent in 2024

In 2024, Independent Agent magazine provided coverage and analysis for several key regulatory issues that impacted independent insurance agencies and their clients—most notably, the FTC noncompete agreement ban saga, which spun out over the course of the year. Meanwhile, the hard market continued to impact agencies and their communities, including the turbulent auto market, which is only just now showing signs of improving.

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.

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.

Here's a look at the most-read articles on iamagazine.com in 2024:

10) FTC Ban on Noncompete Agreements Struck Down

By Nathan Riedel

A Texas district court ruled that the Federal Trade Commission (FTC) cannot enforce its ban on noncompete agreements.

9) Comprehensive vs. Collision: Shopping Cart Blown by Wind into Car

By Big “I" Virtual University Faculty

After a shopping cart was blown 30 yards across a parking lot into a client's car, the agent believes the windstorm damage is a comprehensive loss. The adjustor says the object is a collision loss because the object must be falling to be caused by a windstorm.

8) Auto Insurance Rates Rose 20% Last Year

By AnneMarie McPherson Spears

It's the biggest jump since 1976 and the 16th consecutive month of annual gains exceeding 10%, according to the Bureau of Labor Statistics.

7) Auto Claims Severity Up Significantly Since 2020 With No Sign of Slowing

By AnneMarie McPherson Spears

Risky driving patterns continue to rise with instances of speeding, driving under the influence and distracted driving all increasing in 2023, according to LexisNexis.

6) Watch: FTC Noncompete Agreement Ban Explained

By Nathan Riedel

The Big "I" government affairs team released a video explaining the rule, its effect on independent agents and the current state of play.

5) Texting Is the Next Frontier of Insurance Communications

By Michael Streit

People constantly check their devices for notifications, and there are only a handful of moments in the day when most people aren't within reach of their phones.

4) U.S. P&C Underwriting Losses Hit 10-Year High of $38 Billion

By AnneMarie McPherson Spears

In addition to $65 billion in CAT losses, AM Best analysts also said both economic and social inflation played large roles in property & casualty losses.

3) Ban on Noncompete Agreements Dealt Significant Blow

By Nathan Riedel

Two lawsuits seek to block the Federal Trade Commission (FTC) ban on noncompete agreements from taking effect as scheduled on Sept. 4.

2) Fannie Mae and Freddie Mac Postpone Updated Guidance for Property Insurance Coverage

By Nathan Riedel

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.

1) FTC Issues Rule Banning Noncompete Agreements

By Wes Bissett

Independent insurance agents who are considering the impact of the new regulation on their agencies and firms should consider some of the rule's key elements and certain revisions that were incorporated in the final text.

Compiled by AnneMarie McPherson Spears, IA news editor.

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Friday, December 20, 2024
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