Big I Virginia E-News

Independent Insurance Agents of Virginia

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Welcome


Associates
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Leavitt Group White Marsh, VA
From the Desk of the President & CEO
  

In response to two legislative proposals during the 2018 Session of the General Assembly, the DMV is conducting an industry-wide study on what Virginia can do to increase the number of insured drivers on today’s highways. IIAV is the only agent’s organization represented on this study panel. Presently, Virginia is ranked 17th lowest of 51 jurisdictions, with only 9.9 percent of the drivers on the roads uninsured. Florida is ranked as the state with the highest percentage of uninsured drivers at 26.7 percent.

Visit https://www.naylornetwork.com/via-nwl/articles/index-v3.asp?aid=505772&issueID=58144 to view the full article online.

IIAV Member Resources
In March of this year, the IRS lowered the Health Savings Account “HSA” contribution limit for individuals with family coverage from $6,900 to $6,850. Thankfully, the IRS recently announced it has reversed that decision and will now allow family based accountholders to contribute up to the original contribution limit of $6,900.
Monty Dise, President 
Asset Protection Group, Inc. 
mdise@apgroupinc.com 
804-423-7700
  

How to Automate the Annual Policy Review Process Using EchoSage
There are tremendous benefits in establishing an annual account review process. Read more below.

Visit https://steveanderson.com/2018/05/10/how-to-automate-the-annual-policy-review-process/ to view the full article online.

The Security You Need. The Name You Trust.
Berkshire Hathaway GUARD Insurance Companies®
Berkshire Hathaway GUARD Insurance Companies are rated A+ “Superior” by A.M. Best (as of July 26, 2023) and backed by the financial strength of our ultimate parent, Berkshire Hathaway, Inc.  In Virginia, we offer a full product suite for your commercial clients that includes a Businessowner’s Policy (with typical limits up to $20 million; $50 million for select classes), Commercial Auto, Commercial Umbrella, Professional Liability, and Workers’ Compensation.  “Pay-as-you-go” billing options are also featured. 
Learn More
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State & National News
  

WASHINGTON, D.C., May 17, 2018 – The Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) today released the following statement by Charles Symington, Big “I” senior vice president of external, industry & government affairs, on the failure of a Farm Bill amendment that would have effectively phased out the Federal Crop Insurance Program.

Visit http://www.naylornetwork.com/via-nwl/pdf/IIABA_Crop_and_Farm_Ins.pdf to view the full article online.

  

People who have itemized before may be affected by changes from the Tax Cuts and Jobs Act. Taxpayers who itemize should use the IRS Withholding Calculator to make sure their employers are withholding the appropriate amount of tax from their paychecks for their financial situation.

Visit http://www.naylornetwork.com/via-nwl/pdf/IR-18-120.pdf to view the full article online.

Atlantic Specialty Lines, Inc.
AmTrust North America
IIAV News
  

Sets Annual Meeting Date – Membership Set for Electronic Balloting


The IIAV Board of Directors have approved the report from the Nominations committee for the new slate of officers and directors for the association for the 2018/19 year. 


As Chair-elect, Hunter Odom, Jr., with Suffolk Insurance Corporation out of Suffolk, Virginia will automatically become IIAV Chairman for the Coming year.

Visit https://www.naylornetwork.com/via-nwl/articles/index-v3.asp?aid=505804&issueID=58144 to view the full article online.

Congratulations to Melanie Miller, AINS, CPIW, who passed her CPCU 540 (Finance and Accounting for Insurance Professionals) exam. Melanie has now successfully completed four parts of the CPCU curriculum and is eager to continue her progression to eventually earn the Chartered Property Casualty Underwriters (CPCU) Designation.

Melanie joined IIAV’s insurance division (VFSC) in January 2017, and is working as an Insurance Account Manager. She helps service Professional Liability, Cyber Liability, Commercial Umbrella and Employment Practices Liability business, with multifaceted experience spanning two decades in this industry. Melanie has served in roles from underwriting niche insurance products to forms implementation, software configuration and process improvement.  She has been a licensed Property & Casualty insurance agent for over 16 years. 

  

You asked, and we listened! We are excited to announce that the RLI Personal Umbrella policy will be making some major eligibility and underwriting changes for new and renewal business with an effective date of June 1, 2018, and later. The major changes to our eligibility guidelines are summarized below. 

Visit http://www.naylornetwork.com/via-nwl/pdf/New_RLI_App.pdf to view the full article online.

Name City District
Leonard L Brown Agcy Inc Blacksburg 7
Suffolk Ins Corp Suffolk 4
McCall Ins Agcy Rocky Mount  4
Horizon Ins Svcs Glen Allen 3
Smith Mountain Lake t/a Phil Hager Moneta 4
Haun Magruder Inc Woodstock 6
S L Nusbaum Ins Agcy Inc Norfolk 2
Hubbard Ins Agcy Inc Kilmarnock 1
Ins Agcy Svcs LLC Richmond 3
W A Watson & Sons Ins Agcy Farmville 4
Saunders & Benson Richmond 3

13.98 percent 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.

Q: We have an hourly worker who was arrested for molesting an under-age young woman. Can we terminate him for this?

Visit https://www.naylornetwork.com/via-nwl/articles/index-v3.asp?aid=505776&issueID=58144 to view the full article online.

  

RICHMOND – Recent heavy rains and flooding in many areas of Virginia are good reminders that it’s never too early to plan for disasters. With the Atlantic hurricane season just around the corner, the State Corporation Commission’s (SCC) Bureau of Insurance (Bureau) encourages Virginians to review insurance policies now to make sure you have the coverage you need in the event of a hurricane or other disaster.

Visit https://www.naylornetwork.com/via-nwl/articles/index-v3.asp?aid=505785&issueID=58144 to view the full article online.

Upcoming Events

Have you registered for the 2018 IIAV Annual Conference & Expo yet?!

Visit https://www.iiav.com/Events/Pages/IIAVConvention/default.aspx to view the full article online.

 
Penn National Insurance
Education
  

If you are hiring talent for this Spring or Summer, take a first step – put yourself in the new hire’s shoes. How can your company create the most successful onboarding process?

Visit https://www.naylornetwork.com/via-nwl/articles/index-v3.asp?aid=505806&issueID=58144 to view the full article online.

PRESENTER: Chris Boggs, Big "I" Virtual University Executive Director


June 2018


​All sessions begin at 11:30 a.m. Eastern Time


Registration: $9.99 (includes both sessions)​

Visit http://www.naylornetwork.com/via-nwl/pdf/June_Lightning_Learning_-_drop-in_ready_article.pdf to view the full article online.