Big I Virginia E-News

Independent Insurance Agents of Virginia

Top 3 Articles
From the Desk of the President & CEO
  

This past month we lost two great industry leaders: Charles B. “Buck” Gibson, Sr. and William Thomas “Tom” Parsons. Both of these gentlemen are why I have enjoyed the association profession for over 30 years … you have the opportunity to meet some of the finest people in the country.

Visit https://www.naylornetwork.com/via-nwl/articles/index-v3.asp?aid=524494&issueID=58148 to view the full article online.

IIAV Member Resources
The GOP Tax Bill was signed into law on December 22, 2017, by President Trump and it’s about to change the individual health insurance marketplace.  In 2019, the Affordable Care Act’s individual mandate will no longer be in force as a law. Therefore, those individuals who choose not to purchase individual health insurance in 2019 will no longer be subject to the “individual shared responsibility” penalty payment. Please contact me if you have any questions.
Monty Dise, President 
Asset Protection Group, Inc. 
mdise@apgroupinc.com 
804-423-7700
  

Every agency has to deal with password hell. An agency with 50 employees that conducts business through 65 carriers or MGAs must, at a minimum, ensure the security of 3,250 IDs to protect the personal information of its clients. Industry experts have projected that the cost of compliance, including adding and deleting user IDs and passwords, may soon reach as high as $3,000 per employee per year.

Visit https://steveanderson.com/2018/09/06/help-improve-agency-password-management-survey-from-id-federation/ to view the full article online.

Local Presence. Regional Strength.
Penn National Insurance®
Penn National Insurance is small enough to provide personal, caring interactions, but large enough to serve you and your policyholders with the same sophistication and product offering of the largest carriers. We back our promise to help people feel secure and make life better when bad thing happen with our strong financial position, and we remain committed to distributing our products and services through independent agencies.
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State & National News

David Tralka speaks about the agency owners he has met with who are close to retirement, and what they would say to their younger selves if they could go back in time. Owners often look back with ideas of how they could have run their agency differently or what improvements they could have made. Some owners wished they had brought in more new talent or had prepared their perpetuation sooner. Hear what David has learned from these agency owners.

Visit https://www.insurbanc.com/about-us/news/ to view the full article online.

  

On July 17, 2018, the California Superior Court issued an order granting a motion for summary judgement in favor of Thrivent Financial, in a decision that significantly impacts life insurance holders reporting unclaimed property to California.

Visit https://www.naylornetwork.com/via-nwl/articles/index-v3.asp?aid=524500&issueID=58148 to view the full article online.

  

Van Wert, Ohio – The Central Insurance Companies have announced the election of David C. Ward to the Board of Directors for Central Mutual Insurance and All America Insurance Companies, effective August 24, 2018.    

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

  

Looking for stronger ways to protect your credit? Thanks to a new federal law, soon you can get free credit freezes and year-long fraud alerts. Read what happened when the law took effect on September 21, 2018.

Visit https://www.consumer.ftc.gov/blog/2018/06/free-credit-freezes-are-coming-soon-0 to view the full article online.

Atlantic Specialty Lines, Inc.
AmTrust North America
IIAV News

As our growing Agency and Associate member base continues to grow, many of you are seeking additional ways to reach out to new potential hires.  IIAV has created a new Career Board landing page on its website.

Visit https://www.naylornetwork.com/via-nwl/articles/index-v3.asp?aid=524503&issueID=58148 to view the full article online.

On September 16, 2018, William Thomas Parsons passed away peacefully at home after a brief battle with cancer. Tom loved his family, church, country, colleagues, and clients, whom he proudly served from 1963 until his recent illness. Tom was a proud veteran of the United States Air Force and had a passion for aviation and military history. He always said that he felt closest to God when he was in the air. Tom was born on March 7, 1936 in Wadesboro, NC. He grew up in Belmont, NC and attended Belmont Public Schools. It was there that he began his lifelong devotion to aviation after observing training flights during the second World War. He graduated from the University of North Carolina at Chapel Hill in 1958 with a degree in Business Administration and a major in Marketing. He joined the R.O.T.C at the University of North Carolina and served his active duty at Lackland Air Force Base in San Antonio, TX. He was attached to the NC National Guard in Charlotte where he was a Staff Sergeant.

After college, Tom began a retail career as a buyer for J.B. Ivey & Co. in Charlotte, NC. Tom often said that the best part of this job was meeting Archer, his wife of 54 years. In 1963, he joined Connecticut General Life Insurance Company in Charlotte, NC. In 1965, he became Branch Manager of the Connecticut General Office in Raleigh, NC where he worked until 1981, when he became President of Robert C. Boswell, Inc. in Bristol, VA. After Robert C. Boswell, Inc. was sold, he owned and operated Insurance and Financial Services where he endeared himself to his many clients.

During his insurance career, he was chosen to serve on the National Independent Agent’s Benefits Committee, earned the Chartered Life Underwriter (CLU) designation, was President of the Tri-Cities Estate Planning Council, President of the Chartered Life Underwriters of the Tri-Cities, and a member of the Virginia Financial Services Board of the Independent Agents of VA. He was chosen as the Agent of the Year by the Independent Agents of Virginia for the year 2000 – 2001.

He served as Deacon and Elder at Central Presbyterian Church and was an active member of the Session. He also chaired the Endowment Committee. During his illness, Tom said that he could now fully appreciate the ministry of his church as he was showered with cards, flowers, meals, and visits from his beloved church family. Tom was preceded in death by his parents, Thelma and Thomas Washington Parsons. He is survived by his loving wife, Archer; their sons, William Thomas Parsons, Jr. and wife, Shelley of Abingdon, VA and Stephen Conner Parsons and wife, Vikki of Johnson City, TN; his granddaughters, Anna Elizabeth Parsons and Katherine Renee Parsons of Abingdon, VA and by his younger brother, brother, Robert M. Parson of Carrollton, GA and his children as well as numerous cousins.

The family wishes to thank all of the wonderful caregivers for Mr. Parsons: Karen Bowman, Amanda Payne, Nancy Charles, Dana Statzer, Kelly Rupe, Roxanne Mullan, Lisa Belcher and Lee Lambert. In lieu of flowers, the family requests that donations be made to Central Presbyterian Church, 301 Euclid Ave., Bristol, VA 24201; Healing Hands Health Center, 245 Midway Medical Park, Bristol, TN 37620 or the Wounded Warrior Project, P.O. Box 758516, Topeka, KS 66675-8516

Q: We have a valued and cherished employee who has suddenly developed a serious medical condition. We are a small company with 17 employees and we would like to extend time off with pay to her, but it’s not our standard policy to do so. Can we do this for her?

Visit https://www.naylornetwork.com/via-nwl/articles/index-v3.asp?aid=524505&issueID=58148 to view the full article online.

Upcoming Events

2018 Young Agents' Conference – There is still time to register!


We can't wait to be in Staunton, Va., October 10-12, 2018, for an incredible experience.


If you're hoping to set yourself and your agency apart, if you want to know more about how to leave your competition in the dust, and if you're seeking a group of like-minded, high-energy people who are passionate about what they do, then you need to be a part of this event.


Our sessions are packed with takeaways you can put to work immediately and our speakers are the best of the best.

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

 

It's not too early to start planning for next year's convention! We are back at the Hilton Virginia Beach Oceanfront, June 23-25, 2019. Mark your calendars now. Planning has begun and this event won't disappoint!

Agency Systems
Penn National Insurance