ASSOCIATES:
New England Excess Exchange	Vermont
JM Wilson Corporation	Michigan
Network Technologies + Support	Virginia

If you felt a tremor in the universe last month, it was likely when Linda Loving announced her retirement plans to the IIAV and VFSC Boards of Directors.  After over 35 years with the association, Linda announced that she would be cleaning out her desk in December of 2022. That gives us almost 12 months to get her to change her mind. 

Trusted Choice members who take advantage of Digital Cobranding (ie; social media ads, online ads, etc) can now be reimbursed at 75% of cost instead of just 50%. These funds are available to all TC members, even those who used the Digital Marketing Incentive funds in 2021. $750 maximum reimbursement.

Many Virginians are already protected against surprise medical bills, thanks to a Virginia law that took effect January 1, 2021. Now, the federal No Surprises Act (NSA), which takes effect January 1, 2022, will provide additional protections for more people against surprise billing for medical expenses.

The State Corporation Commission (SCC) has applied for a federal waiver to establish the Commonwealth Health Reinsurance Program (CHRP) as directed by Virginia Code Section 38.2-6606. The new program is scheduled to begin on January 1, 2023.

Beginning January 1, the minimum insurance coverage required for vehicles in Virginia will increase.

Norfolk drivers have become attuned to the street-by-street nuances of navigating flooding. Now they’ll be the first to test a more precise way to maneuver around floodwaters — based not on local smarts, but on real-time data.

Governor-elect Glenn Youngkin and Attorney General-elect Jason Miyares have announced their intent to challenge the unconstitutional vaccine mandate imposed by President Biden’s Centers for Medicare & Medicaid Services (CMS).

Starting Saturday, January 15, 2022, private health insurers will be required to cover up to eight home COVID-19 tests per month for people on their plans. 

Car insurance rates rose 12% in 2021 and are projected to increase another 5% in 2022, and risky driving behaviors is one of the reasons why, according to a new report from Insurify.

Membership dues in the Big I may be deductible as ordinary and necessary business expenses on corporate tax returns, however they are not deductible as a charitable contribution. Further, to the extent that both IIABA and IIAV engage in lobbying, the portion of membership dues that relate to lobbying are not deductible. For the 2021 calendar year, 14.5 % of the membership dues are not deductible due to lobbying efforts/expenses.

In 2020, ACORD began charging all forms users a licensing fee. As a member benefit, our national association funds ACORD form end-user licenses for the majority of member agencies (those with a group gross property/casualty revenue of under $50 million), allowing them to claim these licenses free of charge. The ACORD licensing renewal and Big I membership verification need to be renewed on an annual basis, after Jan. 1 of each year. 

 

A highly sought-after international keynote speaker, Marcus Sheridan is known for his unique ability to excite, engage and motivate live audiences with his simple, yet powerful transformational business approach. He has been dubbed a “Web Marketing Guru” by the New York Times and in 2017 Forbes named Marcus one of 20 “Speakers You Don’t Want to Miss.” As author of the content marketing guidebook, “They Ask, You Answer,” Marcus has not only inspired thousands to achieve their potential but has given them the tools they need to get there. He has inspired numerous audiences and helped millions of people from all over the world to achieve their own success with his “They Ask, You Answer” philosophy.

 

New England Excess Exchange (NEEE) provides admitted, and non-admitted, specialty insurance coverage to independent insurance agents throughout the Northeast, Mid-Atlantic and Southeast regions. 

 

You may have heard… our industry-leading E&O coverage is going through a name change to streamline its operations. The financial rating and stability of the long-term carrier, Swiss Re, is not going anywhere. Along with the name change, this shift to streamlining is also bringing several policy form enhancements.