1. Registration is now OPEN!
2. Flying Cars...Did You Know?
3. Preserving a Family's Legacy in Insurance
4. Volunteers Needed
5. ABEN Loyalty Program

Agencies:

Associations:

The IRS annually limits how much employees of certain-sized employers can be asked to pay for their health insurance coverage/shared premium as part of the ACA shared-responsibility affordability requirement. In 2018, the employee shared responsibility limit has been communicated as 9.56 percent of an employee’s household income. An employer can base the calculation on the employers least expensive ACA compliant plan. This is down from 9.69 percent in 2017. AP Group is here to help, soplease contact us with questions.

Monty Dise, President
Asset Protection Group, Inc.
mdise@apgroupinc.com
804-423-7700

RiskLookUp: All in One Tool to Research Property Risk Information

Insurance agents have used various tools to look up and verify specific homeowner’s property information. Unfortunately, agents currently need to go to multiple websites to gather information that will give them a complete view of the property information. These tools include:

WASHINGTON ― The Internal Revenue Service announced today that the nation’s tax season will begin Monday, Jan. 29, 2018, and also reminded taxpayers claiming certain tax credits that refunds won’t be available before late February.

13.98% of your of dues is not deductible as an ordinary business expense due to lobbying, etc. If you have any questions, please contact John Montoro at jmontoro@rta-solutions.com.

Check out this article in Insurance Business Magazine featuring our very own Jen Amick of S. L. Nusbaum Insurance Agency in Norfolk. Congratulations, Jen, and thank you for your leadership within your agency, IIAV, and the profession! We couldn't be more proud of you!

Continental Underwriters, Inc., a Richmond, Virginia-based Managing General Underwriter and Wholesale Broker specializing in providing insurance and risk management solutions for companies in the forest products industry, is proud to announce the promotion of Amanda Huang to Chief Operating Officer.

Registration is now open for the 2018 IIAV Annual Conference & Exposition.

We try to envision what the new agency will look like and how automation, rapid advancements in IoT, bots, etc. will impact the skills needed for the new agency service team of the future. We can benchmark these off the universal predictions of the top 10 skills needed for jobs in 2020. This is only two years away! 

ABEN offers continuing education programs to independent agents through live and archived webcasts, supplementing the already wide variety of classes offered by IIAV.

Any class you register with ABEN counts toward their rewards program and, for a limited time, you can receive 25 percent off any course! Enter discount code VAFeb for 25 percent off purchases made during the month of February 2018. The purchased webcast(s) can be for any airing date, and the code may be combined with the rewards program.

An ancient proverb would have us believe that "there's nothing new under the sun." That may have been true once upon a time, but beyond question, the speaker was not referring to modern insurance markets. As new risks emerge at a dizzying pace, new insurance products are being developed to respond and protect insureds from these new (and some old) exposures. It goes without saying that even a good insurance agent can get into trouble placing these new coverages, which begs the question: how can an insurance agent dealing with these new products protect themselves from an unwanted E&O claim? 

VAIA will be participating in two career fairs in the near future, and we need your help. Please see the dates and times below and let us know if you are available to participate for all or part of either.

February 13 – VCU Spring Business Career Fair
8:30am-3:00pm
VCU School of Business, Snead Hall
*We need 2-4 additional volunteers

March 8 – RVA Career Expo
9:00am-2:00pm
Cultural Arts Center at Glen Allen
*We need 2-4 volunteers

The main talking point will be the new course we are offering in partnership with the Community College Workforce Alliance. If you have not yet heard about this initiative, we are incredibly excited about it and hope you will help us spread the word.

To volunteer, please email Rebecca Arnold with your preferred date and time. Thank you so much for your willingness to represent VAIA and the insurance profession!

Is there any circumstance where there would be aircraft liability coverage under a Virginia Personal Auto policy?

A firm by the name of Terrafugia, founded by five Massachusetts Institute of Technology graduates in 2006, is finalizing production on a flying car (or driving plane, depending on our viewpoint) estimated to be delivered to consumers within three years.