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What changed 10-K
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
2022-02-28 compared with 2021-02-26 · 2 added, 0 removed, 10 unchanged (17% of the section changed)
7 unchanged sentences
A hard market is an insurance market characterized by a period of rising premium rates, which, absent other changes, can positively affect commissions earned by insurance agents.
+Added: The Company represents over 145 Carriers, of which 53 provide national coverage.
+Added: During 2021, two carriers represented more than 10% of total revenue at 17% and 11%.
As of December 31, 2021, we had $123.8 million of borrowings outstanding under our Credit Agreement which bears interest on a floating basis tied to the London Interbank Offered Rate (LIBOR) and therefore subject to changes in the associated interest expense.
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.