Big I Virginia E-News

 

The Virginia Association of Insurance Agents (VAIA) hosted its inaugural Women’s Conference in March. We were honored to have around 100 attendees of inspiring women. Featuring two incredible speakers Donna Highfill and Sara Bradshaw Ray, they left everyone empowered. Thank you to all those who attended and we hope to see you next year!

The Trusted Choice^® Marketing Reimbursement Program (MRP) has new guidelines for 2025, making it easier for your agency to get money back on marketing and technology investments! Your agency can receive a 50% reimbursement (up to $1,000 per agency) on eligible marketing expenses — no Trusted Choice logo required!

Vintage Contract Staffing fills a company’s talent gaps with retiring work-at-home insurance industry experts on long-term, full-time or part-time assignments.

Talent Acquisition Outsourcing lifts the burden of sifting through resumes with an end-to-end bias-free qualifying platform that shortlists the best-fit diverse candidates. 

Watch WAHVE's 45 second video.

By Elizabeth Smoller,  General Counsel and COO for the Kansas Association of Insurance Agents
A recent ruling in a federal court in Texas has reinstated the Corporate Transparency Act’s (“CTA”) reporting requirements.  The reporting requirements have been a moving target for several months as litigation has moved through the legal system.

A new report by the American Tort Reform Association reveals a concerning trend: trial lawyers are spending unprecedented amounts on advertising to recruit clients, often at the expense of public health and well-being.

President Trump’s administration has made or proposed significant changes that will impact how companies do business and manage their workforce. Among the most drastic actions we have seen is immigration.

Some ways to determine the financial strength of an insurance company is to evaluate ratings from independent rating agencies, analyze financial reports, and consider industry benchmarks.

Organic growth rallied in the second half of 2024, finishing at 9% — up from 8.5% through Q2. The year wrapped up with brokers feeling very optimistic, projecting 10% organic growth in 2025. This year is set up to be a blockbuster year for recruiting and hiring – triggered, in part, by the industry’s continued consolidation and integration. Is your firm ready to aggressively invest in talent? Top-performing agencies are not falling asleep at the wheel behind the comfort of rate increases — they are hyperfocused on accelerating Sales Velocity (new business as a percentage of total agency commissions & fees).

Question: We received an anonymous complaint about one of our employees. It was a vague "inappropriate conduct" complaint left on our general voicemail. We have no way of following up with the person or anything specific to pursue through an investigation. What do we do?

This year's theme is "Navigating the Waters of Insurance in a Changing World." Join IIAV for 3 days of insurance industry insights, networking and fun! We look forward to seeing you in Virginia Beach from June 22–24, 2025!

 

Two scholarships are available for first-time attendees. Young agents can apply for the scholarships to offset the cost of attending the 2025 Big “I” Legislative Conference.