All eyes were on the presidential election in November and what the results will mean for the independent agency channel. Additionally, a federal court struck down the Department of Labor’s overtime rule.
With all eyes on the presidential election in November, Independent Agent magazine analyzed what the results will mean for the independent agency channel. Additionally, a federal court struck down the U.S. Department of Labor's 2024 overtime rule that would have required a reevaluation of employee classifications and possible salary adjustments.
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 November:
5) What's the Difference Between Cyber Insurance and Cyber Warranties?
By John Roberts
Cyber warranties are no substitute for cyber liability insurance policies. Here's where warranties leave clients unprotected and why cyber insurance is a more comprehensive risk transfer solution.
4) Safeco to Take Main Street America's Personal Lines Book
By Olivia Overman
The deal enables Safeco to grow its personal lines presence in 22 states as Main Street America shifts to focus exclusively on commercial lines.
3) The Big 'I' Breaks Down the 2024 Election Results
By Will Jones
In this short video, Charles Symington, Big “I" president & CEO, and Nathan Riedel, Big “I" senior vice president of federal government affairs, unpack the outcome of the 2024 election and its impact on the insurance industry and independent insurance agents.
2) Trump Elected President as Republicans Take Control of Senate, Likely Maintain the House
By Nathan Riedel
The election results are widely viewed as a mandate to fix the economy, stem the tide of illegal immigration, and take a new approach to foreign affairs with an “America first" agenda.
1) DOL's Overtime Rule Struck Down by Federal Court
By Nathan Riedel
The decision has wide-reaching implications for both employers and employees across the country, as it alters the criteria for determining overtime eligibility under the Fair Labor Standards Act (FLSA).
Compiled by AnneMarie McPherson Spears, IA news editor.
