Starting a Commercial Insurance Agency from Scratch Advice Needed

[renee15]

FL

Is there a worse state to sell P&C in besides FL?

 

[Markthebroker]

Is there a worse state to sell P&C in besides FL?

I mean, it's debatable whether it's CA, NY, or FL. At this point, I think FL wins.

Don't underestimate the Democrats ability to destroy a state. Give it a little time, NY and CA could catch up.

 

[marindependent]

it's debatable whether it's CA, NY, or FL

Agreed.
From what I hear Louisiana is coming up on the outside of this horrible bunch too. Louisiana has its own Insurance Crisis as well: [EXTERNAL LINK] - New Legislation Takes Aim at Fixing Louisiana’s “Insurance Crisis” | News & Knowledge | Adams and Reese LLP
And the rot is spreading.

 

[Markthebroker]

Agreed.
From what I hear Louisiana is coming up on the outside of this horrible bunch too. Louisiana has its own Insurance Crisis as well: [EXTERNAL LINK] - New Legislation Takes Aim at Fixing Louisiana’s “Insurance Crisis” | News & Knowledge | Adams and Reese LLP
And the rot is spreading.

Yeah, my understanding is that the insurance market globally is difficult, largely due to rising interest rates, inflation, and a tough reinsurance market. And then of course, just like with anything, you see it better or worse and specific areas.