New update as of 07-10-2024! -- Message #141 -- NEW WEBSITE HAS BEEN LAUNCHED. Follow the link and sign in with your member password. Please honor the confidentiality of this information. These messages are for dues paying members. Thank you for your support.
NAAFA, Inc. (National Association of America’s Finest Agents) is a professional organization established to promote education and communication for and between both active and non-active American Family Insurance Agents. NAAFA is the vehicle whereby agents can express their opinions openly and without judgement. Our desire is to be a vital active group who is interested in sharing experiences, knowledge, and recommendations with other agents, always encouraging, listening, and growing in ways that not only profit the agents, but their business and customers as well.
AmFam Underwriting Loss Worsens to $1.7B in 2023: Although losses continue to climb, AmFam officials try to assure us that things are OK with the company. Based on what other insurance companies are reporting, escalating losses seem to be the trend. Are we to worry? You decide. 3/19/24
State Farm Underwriting Loss Climbs to $14B : Well, they've done it again…. a $14 billion underwriting loss for 2023. They actually bested their 2022 numbers when they only had a $13 billion underwriting loss. Of course, this is just one side of the story, so please read the article to get a better look at how the huge insurance company is doing. 3/4/24
10 Largest Auto Insurers Each Raised Rates by Double Digits in 2023 Just take a look at this. The article even notes that American Family raised their rates 17.5% in 2023, more than most of the other 9 companies. The only one that beat the increase was Farmers with a 17.6% increase. Don't miss studying this chart. One has to ask how in the world can agents sell with rates like this, and how in the world can consumers afford it? 1/21/24
SEE 2024 Spring NAAFA Report NOW
Why St Farm won't sell Home Ins. in CA
3-28-23
Geico Faces Class Action
3-28-23
Allstate Sees Q3 New Loss
10-20-22
State Farm Buys $1.2B Interest in ADT
9/6/2022
Weston Ins-5th Florida Insurer Goes Insolvent this year
8/8/2022
AmFam to use Tractable AI in Claims Settlement Process
7/13/2022
