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What's happening in insurance today? From market changes and M&A activity to new coverages, the insurance industry is ever-evolving. To stay up-to-date on the business, these articles, which are updated regularly, will help insurance professionals maintain a competitive edge.

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A national survey of Big “I” leadership agencies shows that the COVID-19 pandemic continues to impact the operations of independent insurance agencies. (Photo: iStock) A national survey of Big “I” leadership agencies shows that the COVID-19 pandemic continues to impact the operations of independent insurance agencies. (Photo: iStock)

A new survey from the Independent Insurance Agents & Brokers of America (the Big “I”) reveals the effects of the COVID-19 crisis on independent agencies in recent months.

According to the study of 356 agents/brokers from all Big “I” state associations, nearly half said they transitioned all or most of their staff to remote work, with 41% of the agencies’ staff still working from home. Also, nearly 50% of the agencies reported decreased revenue for the year, and 46% said they lost commercial clients during the pandemic.

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Heather A. Turner

Heather A. Turner is the managing editor of ALM's NU Property & Casualty Group. She can be reached at [email protected].

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