Are You Up to Date on Annuities Training?
Licensed producers in Pennsylvania with any type of annuity authority must meet CE requirements, triggered by Act 99. Review the change, which took effect in June 2022.
Industry News
Q2 Update Provides Insights on Market Conditions
Access the newly released 2023-Q2 Property & Casualty Marketplace Summaries. The state-specific reports allow you to anticipate market conditions and carrier response, plus have educated conversations with customers.
IA&B Comments as MIA Prepares for Condo Changes
Several questions remain as House Bill 98 brings changes to condominium coverages on Oct. 1.
Sen. Gebhard Releases New Stacking Bill
Senate Bill 901 would eliminate stacking for all motor vehicle policies in Pennsylvania.
New Flood CE Requirements in Maryland
Beginning next month, all licensees selling Flood, Homeowners’, or Commercial Property insurance must obtain at least 2 hours of flood-related CE in each licensing renewal period.
MutualAid eXchange Ordered into Liquidation
If you write with Kansas-domiciled carrier MutualAid eXchange, immediately review your current book of business. The District Court of Shawnee County, KS ordered liquidation of the company.
Private Flood on the Rise
As the total flood market grows, the percentage written by private insurers (as opposed to the NFIP) is increasing even more rapidly.
DOI Clarifies Bulletin Regarding Communication of Rate Increases
Review what IA&B learned during a recent conversation with Commissioner Navarro about Universally Applicable Bulletin No. 1 and the context in which it was reissued.
MIA Approves EUIM Opt-Out Form
The form, which includes IA&B’s suggestions, will be required for all new personal auto policies, effective July 1, 2024.
Kemper to Discontinue 24,000+ Policies in PA, MD
Review details of the underwriting companies and policies that will be impacted by Kemper Corporation’s impending exit from the preferred home and auto market.