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.
Several questions remain as House Bill 98 brings changes to condominium coverages on Oct. 1.
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.
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.
As the total flood market grows, the percentage written by private insurers (as opposed to the NFIP) is increasing even more rapidly.
The form, which includes IA&B’s suggestions, will be required for all new personal auto policies, effective July 1, 2024.
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.
Kansas-domiciled MutualAid eXchange, which may have Pennsylvania and Maryland insureds, was ordered into rehabilitation. Affected producers may have received an Aug. 10 email notification from the carrier.
As the Sept. 30 expiration date approaches, agents are encouraged to contact their Congressional representatives.
Federal legislation that would protect insurance agents and carriers from the possibility of federal prosecution for providing insurance to legal, cannabis-related entities is once again under consideration.