Directly to MEMBERS ... Directly from NAAFA

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!!

New update as of 9/10/2024!—Message #144--- REGARDING PARTIAL ASSIGNMENTS. What you need to know now! Follow the link and sign in with your member password.  Please honor the confidentiality of this information. These messages, just one of the benefits of NAAFA membership,  are for dues paying members.  We thank you for your support.

NAAFA is now selling HEALTH INSURANCE. We’re starting with the State of Minnesota with plans to extend beyond. We will market to individuals or groups, under 65 as well as over 65. Our Expert Healthcare Agent will give you all the quick and accurate information you’ll ever need to cover you, your family, and perhaps your staff. Email the agent now at NAAFAwest@comcast.net. Read message #144.

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

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 midwestern 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

How California’s Homeowners Insurance Crisis is Affecting Brokers Don’t miss the section on “Brokers.” Can you imagine proposing a $2M deductible on a wildfire claim for a homeowner? Allstate stopped selling HO policies in California in 2022. State Farm, largest CA insurer, recently requested a 30% HO rate increase, a 52% renters increase, and a 36% increase for condo coverage. Is this a foreshadow for what might be coming in the states AmFam insures in??  7/23/2024

Court Hands Down Decision in State Farm Homeowner’s Fire Insurance Claim Case: Has subrogation gone out the window?? Fire at my neighbor’s house catches my house on fire and I can’t subro? Wow! You’ll want to read this article. Suing because the deductible severity was not explained seems stupid when the issue is ‘a subrogation issue.’ Oh, oh! State Farm wouldn’t subro and court let them get by with it. 7/18/24

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