It has been eight months since Hurricane Katrina changed the lives of many independent agents along the Gulf coast of three states, and if insurers think they should get a stellar grade from producers in terms of post-storm support, they will be profoundly disappointed.
Admittedly, say state association representatives, the industry was simply overwhelmed by Katrina and other hurricanes during the 2005 season.
However, as agents recover, they are faced with the enormous challenge of finding markets for the limited amount of business available. Insurers are pulling back, association executives contend, by heavily restricting business–and, with those few insurers willing to write, pricing the new business at costs that make it almost prohibitive for the average policyholder.
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