Farmers to Cut Agent Comp | Parametric Insurance Popping Up | Best Employers | RTO
Farmers' push for new sales over renewal business has entered a new phase as the carrier plans to take its revised commission program nationwide. Under the program, underperforming agents will have a harder time making up for lower renewal commissions.
Parametric insurance is becoming a hot topic of discussion as catastrophes like wildfires expose coverage gaps. While more common in commercial lines, parametric insurance, which provides predefined payouts for specific losses, is starting to be offered in personal lines.
Forbes has released its annual ranking of the country's "best employers," and for the second year in a row, Progressive has come out on top among P&C carriers.
One of the questions Forbes asks employees to build its ranking is about work environment. We don't know if that includes return-to-office policies, but more than 50% of the 435 people who responded to a P&C Specialist reader survey said that they would rather make less money than have to deal with the office grind.
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