Big I Virginia E-News

To see all of our available classes in one convenient place, you can check out the education calendar on our website! 

 

If your New Year's resolution was to earn some CE or knock out some new designations, then we have many great options for you, including CRIS, ACSR and E&O classes. 

 

Plus, don't forget about our ABEN classes, which include frequent daily webinars and even on-demand options. 

 

Do these options not line up with exactly what you're looking for? Do you need an in-house class or a specific topic class for your office or agents? IIAV can help! Contact Debbi Little at dlittle@iiav.com or give our front desk a call at 800-288-4428 and we'll connect you with who you need to talk to. 

 

 

If a submission requires an effective date prior to the current date, please verify there have been no losses, accidents or circumstances that might give rise to a claim on the RLI Personal Umbrella policy between the requested effective date and current date. If you determine there have been such instances, please contact RLI before submitting to discuss the risk.

 

All E-Signature links will continue to be active for five days from when the email is sent from RLI.

 

On December 15, 2022, Governor Glen Youngkin announced his budget amendments for the 2023-2024 Biennium. The money committees from both the House and the Senate gathered to listen as the Governor outlined his priorities for the upcoming year. We are continuing to comb through the 700-page budget for any items that impact our industry, however, an overview of the Governor's tax plans is below. 

Governor Youngkin has proposed reducing the corporate tax rate from 6% to 5%. The Governor did state that his goal is to reduce the rate down to 4% by the end of his term. 

He is also proposing a 10% deduction on business income for small businesses. In addition, he is doubling the standard deduction for individuals and married couples, to $9,000 and $18,000, respectively. He also announced his plan to reduce the individual income tax to 5.5%.

The Big “I” applauds the U.S. Senate and House of Representatives for passing legislation that would extend the National Flood Insurance Program (NFIP) and support crop insurance agents, all as part of government funding legislation.

Allstate’s chief executive officer said his company will likely continue pushing for auto insurance rate hikes next year, and he expects the carrier’s largest mutual competitor — State Farm — to move in the same direction.

14.52% of IIAV dues for 2022 are not deductible as a business expense, due to the lobbying activities of the association on your and the industry’s behalf. IIAV dues are paid by the agency. Any questions, please contact Bob Bradshaw at rbradshaw@iiav.com.

 

Brethren Mutual Insurance Company is pleased to announce that Robert F. Glass has been named President & CEO, effective January 1, 2023. He succeeds Mike Brashears who retired as President & CEO on December 31, 2022, after a 44-year career with the company.