From the postponement of Fannie Mae and Freddie Mac's guidance to the ramifications of the Federal Trade Commission (FTC) rule prohibiting most noncompete agreements, May articles provided thought-leading analysis.
Thanks to the Big “I" government affairs team's advocacy efforts, the month of May brought welcome news as Fannie Mae and Freddie Mac postponed a guidance that would have required mortgagors to acquire replacement cost value (RCV) coverage for their property, including roofs, deeming actual cash value unacceptable. The guidance was set to take effect on June 1.
In addition to a video from the government affairs team explaining the ramifications of the Federal Trade Commission (FTC) rule prohibiting the use and enforcement of most noncompete agreements, Independent Agent also covered some highly unusual workers compensation claims, cyberattack trends, and more.
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 May:
5) How Changing Market Trends Impact Insurance Agency E&O Risk
By Laura Gookin
The wave of post-pandemic lawsuits has prompted independent insurance agents to review their errors & omissions (E&O) coverage and risk mitigation strategies.
4) Over Half of Cyber Claims Originate in Email Inboxes
By Olivia Overman
More than half of all 2023 cyber insurance claims were a result of funds transfer fraud (FTF) or business email compromise (BEC), according to a Coalition report.
3) Small Business Survey: Beware of Birds, Skunks and Champagne
By Will Jones
As many as 50% of small business owners said they have made a workplace injury claim in the past five years. Here are some of the most uncommon accidents experienced.
2) 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.
1) 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.
Compiled by AnneMarie McPherson Spears, IA news editor.
