Big I Virginia E-News

 

 

 

IIABA
ACORD has maintained a complete library of industry-specific forms for 50 years. Big I Kentucky members with annual property & casualty gross revenue of less than $50 million receive a complimentary license to use ACORD forms. But this must be renewed annually.

The Virginia Mercury
Research indicates that speed cameras are associated with a 20-25% reduction in fatalities and serious injuries. Counterarguments against speed cameras are easily dismissed when compared to their life-saving advantages. The surge in highway fatalities, with a 77% increase in pedestrian deaths across the U.S. in the past decade, underscores the urgent need for measures like speed cameras.

^{Photo by Michał Jakubowski on Unsplash}

Q: Our power went out midway through our regular shift. We waited a couple of hours to see if it would come back on but eventually sent our employees home for the day. How much time do we need to pay them?

A: FLSA outlines a few factors in determining how much an employee needs to be paid for a partial day's work when, as in this case, their inability to work is not due to their personal need for time off. 

IIABA, Independent Agent magazine
New survey from Trusted Choice reveals consumer uncertainty, recent behavior on insurance coverage

Trusted Choice released the results of a recently conducted survey that found an overwhelming 69.3% of Americans have put their insurance policies under review, with nearly half (45.8%) citing rising premiums as the catalyst. The survey also found that one-third of Americans are unaware of the external economic factors that affect insurance rates.

As premiums increase, Americans are reviewing their insurance policies and evaluating their options. As many as 46% of Americans have considered or have already taken a higher deductible to save money on insurance while 22% have considered going uninsured to save money. Also, a majority (83%) would switch insurance providers for lower premiums, while 59% would switch for better coverage.

The study was conducted as the first piece of a larger consumer-facing campaign to elevate awareness of Trusted Choice independent agents in the consumer marketplace. 

 

 

 

 

Marion businessman Dennis L. Jennings has been elected to the board of directors of The Bank of Marion, board Chair Charles C. “Charlie” Clark recently announced. “We are pleased to welcome Dennis to our board,” Clark said. “We have worked with him closely over the years and have found him to be very accomplished and knowledgeable in many areas of business. He will certainly be an asset to our board.”

PRNewswire / The Hilb Group, LLC
The Hilb Group has announced the appointment Amanda Harm as Vice President, Carrier Relations and Insurance Strategy. In this role, Harm will report to Hilb Group Chief Operating Officer Jason Angus, and will focus on expanding opportunities for clients and new agency partners.