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.
Pennsylvania 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.
Sen. Gebhard Releases New Stacking Bill
Senate Bill 901 would eliminate stacking for all motor vehicle policies in Pennsylvania.
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.
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.
2024 Pennie® Broker Training Available
Pennie, Pennsylvania’s official health coverage marketplace, has launched its 2024 training module to become a certified broker.
MutualAid eXchange Placed into Rehab
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.
Approval of Experience Rating Methodology Changes
Agents who understand pending modifications to the Pennsylvania Compensation Rating Bureau’s experience rating methodology may have a competitive edge over those who don’t.
Insurance Department’s Preliminary Licensing Determination Process
Prospective insurance agents with a criminal record may now determine if their background will impact their chance of licensure before taking PLE and passing the exam.