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IF AMFAM’S COMMERCIAL CUT-BACK AFFECTS YOU, MAYBE YOU SHOULD TAKE A LOOK AT THIS! With the cessation of certain commercial lines recently announced by AmFam, many agents are looking at a not-so-well known offering in their agent contracts called “Partial Assignments.” Some have described Partial Assignments as ‘giving back to the company a certain minimum number of policies in exchange for locking in and being paid immediate termination benefits on those policies at their current renewal value “as if this agreement had terminated at the time of the reassignment.”In other words, there is probably a way to get paid contract value for your soon-to-disappear commercial policies and still continue with the rest of your agency!  Sound good?  NAAFA members, visit Directly to Members…Directly from NAAFAto hear more.  To non-members… join NAAFA and learn!!

The NAAFA Staff

Who we are

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.

Agent/Company Issues

THE AGONY WHEN A CAPTIVE AGENT’S RATES ARE TOO HIGH! Are you seeing the effects of AmFam’s increased premiums? It’s awful when you can’t provide competitive quotes.  What other effects of high rates are you experiencing?  Read what one AmFam agent is going through in the following article. 10/11/24

Progressive halts new home insurance policies in Texas and some Midwestern states: Information such as this is a sure indication that agents might have a hard time keeping their customers if more insurance companies stop selling in certain states. This article mentions that mid-western states such as Illinois, Minnesota, Missouri, Nebraska and Wisconsin could be next on the chopping block. Reason given: Insurance companies want to insure in states where the weather risk is lower.  8/18/2024

READ MORE AGENCY/COMPANY ISSUES