From analyzing the causes of today's difficult environment to exploring its implications on your clients, August's articles delved into the hard market and how to get through it.
Tired of the hard market yet? We're just getting started, unfortunately. From analyzing the causes of today's difficult environment to exploring its implications on your clients and the forecasts on how long it will last, August's articles rang out the summer by delving into the hard market and how to get through to the other side.
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 August:
5) Is Skunk Spray Damage Covered Under a Homeowners Policy?
By Big “I" Virtual University Faculty
A skunk entered the basement of a house through a cat door and sprayed the area. Is animal spray excluded from homeowners coverage under the pollution exclusion?
4) Brick by Brick: Replacement Cost, Commercial Property and the Hard Market
By Will Jones
The hard market, inflation and a host of other factors are making it increasingly difficult to accurately determine replacement cost for commercial property insurance.
3) How Reinsurance Rates Are Contributing to the Hard Market
By Olivia Overman
After more than a decade of soft reinsurance rates, conditions changed considerably, with reinsurance rates increasing for catastrophe-prone property and specialty lines of business.
2) 8 Tips to Survive the Hard Market
By Kasey Connors
In a challenging market environment, here are eight ways you can prove your value to your clients and come out the other side better than ever.
1) 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.
Compiled by AnneMarie McPherson Spears, IA news editor.
