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| October 2020 | ||
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Top 3 Articles
Welcome
From the Desk of the President & CEO
IIAV Member Resources
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As we move into the final quarter of the year our thinking shifts to 2021 planning and the associated budgeting process. It is time to work "on" the business. An agency success and value story is often driven by growth, and growth is a function of a sound marketing strategy. Now is the time to again ask the tough questions; are your target market, ideal client and service niche still valid? How have the needs and desires of your target market changed? Is your value proposition still compelling to customers and prospects right now? Is your messaging still appropriate? How have the players in your agency ecosystem changed? Next steps: Schedule time to develop your 2021 marketing strategy. Challenge the assumptions for your market risks, threats and opportunities. Adjust where necessary so that you are positioned for success in 2021.
   State & National News
Q: We have an employee whose child's school is starting out 50% virtual, so one week she'll have to stay home 3 days per week, and the next she'll have to stay home 2 days per week. How can we accommodate this?
In this role, Brown will focus on business development and strategic partnership with the company’s agency partners who operate on a countrywide scale. He will provide direction, resources, and opportunities for a more focused approach toward growth and profitability to enhance Central’s growing national presence. In one of the first cases to consider producer liability in COVID-19 cases, Judge Eduardo Robreno of the Eastern District of Pennsylvania dismissed the lawsuit against the producer and the carrier. USI Insurance Services procured the insurance policy from The Hartford for Rhonda Hill Wilson and her law firm. The policy included coverage for lost business income and extra expense caused by direct physical loss of, or damage to property. See more. The National Flood Insurance Program (NFIP) will implement changes effective April 1, 2021. Changes include the premium changes for Preferred Risk Policies (PRPs) and Newly Mapped procedure policies that the NFIP will implement effective January 1, 2022. Additionally, the Community Rating System class changes will become effective on April 1, 2021. See more. Insureds are still asking questions regarding COVID-19 and how it impacts them. The Big 'I' Virtual University has produced a great tool, talking points for you and your staff. Get help on how to frame conversations on Business Income, Workers' Compensation, Personal Auto and more. Get the Talking Points. Since January 2020, the Workers’ Compensation Commission has received notice of 7,280 reported COVID-19 cases. Visit the Commission's website here for more information,which now includes FAQs,data for COVID-19 death cases and a breakdown of Claim Award types. Check back for a monthly update. By Kimberly Pierceall, The Virginian-Pilot This was supposed to be Hampton Roads' year — the year its economy grew faster than the nation’s. Instead, the global coronavirus pandemic cost the region its rosy future and exposed systemic economic inequality, according to the annual State of the Region report by Old Dominion University economists released Tuesday. “We are witnessing an economic, social and public health shock the likes of which has not been seen in this country since the Great Depression,” said the report’s authors. The Main Street America Group, a leading U.S. provider of property-casualty insurance through independent agents, unveiled its new name and brand today – Main Street America Insurance Company. The brand refresh was announced in conjunction with product expansion in the company’s commercial insurance markets.
There’s no question the coronavirus pandemic has taken a heavy toll on our nation. It has caused the deaths of nearly 200,000 Americans, brought about unprecedented economic turmoil and continues to harm the lives of everyday people.
But not everyone is lamenting the devastation wrought by the coronavirus. Indeed, for certain trial lawyers, COVID-19 isn’t a tragedy — it’s an opportunity.
Virginia Health Benefit Exchange Preps for Open Enrollment Period; Exchange Advisory Committee Named
Upon recommendation – IIAV Member Lee Biedrycki is named to the Advisory Committee
RICHMOND – The Virginia Health Benefit Exchange continues preparations for the November 1 open enrollment period for 2021 health plans. The Virginia Exchange will operate on the federal exchange – HealthCare.gov – for 2021.
The Virginia Health Benefit Exchange was created by the 2020 Virginia General Assembly to be operated as a new division within the State Corporation Commission (SCC). It is expected to transition to a full state-based exchange by plan year 2023.
IIAV News
Automobile owners in Virginia will have to shop around now to get the best deals on car insurance if they are not driving as much during the pandemic.
Many of the rebates and discounts that insurers offered in the spring and early summer because of the coronavirus pandemic have expired.
Sera-Brynn, LLC, a cybersecurity firm, and the Independent Insurance Agents of Virginia, Inc. (IIAV), a premier association for independent insurance agents, today announced their strategic partnership. The partnership enables IIAV to offer Sera-Brynn’s CHECKLIGHT™ solution to its members and their customers.
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Van Wert, OHIO – The Central Insurance Companies have announced the promotion of Kurtis Brown to Director of National Partner Relationships.
