Originally published in Florida Underwriter.
Even the most optimistic forecasters concede that the climb out of this Great Recession will continue to be steep and arduous. Most states have been hammered with high unemployment, mortgage failures and tumbling property values. The national recession and its resultant drop in tourism and decreased number of new business coming into the state have exacerbated our problems. 
In insurance agencies across the country, income has either remained relatively flat or decreased, with clients purchasing fewer products and carriers reducing commissions. There was a time when carriers paid 20 percent commissions and also paid for all the inspections, MVRs, credit reports, and the like. Those days are gone — and they are not coming back.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
