Independent Agent covered emerging trends and their impact, including the ban of noncompete agreements from the Federal Trade Commission (FTC) and the increasing importance of uninsured or underinsured motorist umbrella coverage.
April saw the completion of a high-profile regulation from the Federal Trade Commission (FTC) that prohibits the use and enforcement of most noncompete agreements. Watch a video from the Big “I" government affairs team that explains the regulation's important items and answers agents' FAQs.
Meanwhile, Independent Agent covered emerging trends and their impact, including the increasing importance of uninsured or underinsured motorist umbrella coverage and a prediction for an extremely active hurricane season.
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 p&c 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) Slowest Quarter for Agency M&A Since 2020
By Will Jones
There were 155 announced insurance agency mergers & acquisitions in the first quarter of 2024, down 18% from the same period in 2023.
4) 3 Takeaways From the Ransomware Attack on Change Healthcare
By Robert Jones
The attack on Change Healthcare underscores key considerations for independent agents when discussing cyber risks with clients.
3) 'Extremely Active' Hurricane Season Predicted for 2024
By AnneMarie McPherson Spears
Weather forecasters at Colorado State University (CSU) forecast 23 named storms, 11 of which are predicted to be hurricanes, in the 2024 Atlantic hurricane season.
2) Why You Should Offer Excess UM/UIM Coverage to Personal Auto Client
s
By Olivia Overman
As automotive claim severity increases for bodily injury, property damage and collision, clients should consider protecting themselves with uninsured or underinsured motorist umbrella coverage.
1) FTC Issue 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.
