July brought a significant blow to the Federal Trade Commission (FTC) ban on noncompete agreements, and a global tech outage highlighted agency vulnerabilities.
July brought a significant blow to the Federal Trade Commission (FTC) ban on noncompete agreements, released in April and scheduled to take effect Sept. 4, with an initial ruling in a Texas district court case partially blocking the rule. With the case—and a similar one filed in Pennsylvania—being decided in district courts, they are subject to appeal and could eventually wind up in the U.S. Supreme Court.
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Here are the five most-read articles on iamagazine.com in July:
5) Workers Comp: The Most Profitable Major Line of Business
By Olivia Overman
With a total combined ratio of 86 for 2023, the workers compensation market continued to waltz its way through another profitable year.
4) Why Realtors Need to Take E&O Coverage Seriously
By Olivia Overman
As the market for real estate agents has continued to change, one of the results has been an increase in the frequency and severity of claims made against them.
3) Relationship Advice for the Hard Market
By Will Jones
Agents need carriers and carriers need agents. It's a symbiotic relationship that puts insurance into the hands of the businesses that need it. However, the hard market is putting a strain on relationships across the insurance distribution system.
2) CrowdStrike Outage: 3 Takeaways for Independent Agents
By Will Jones
The global tech outage highlights vulnerabilities in business continuity planning, cyber liability insurance and technology partners.
1) 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.
Compiled by AnneMarie McPherson Spears, IA news editor.
