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Berkshire Hathaway GUARD Insurance Companies®
Berkshire Hathaway GUARD Insurance Companies are rated A+ “Superior” by A.M. Best (as of July 2024) 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, Commercial Auto, Commercial Umbrella, Professional Liability, and Workers’ Compensation.  “Pay-as-you-go” billing options are also featured. 
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State & National News
  
Repairer Driven News

A Virginia bill has advanced in committee that would require auto insurers to pay double the judgment amount to policyholders on unpaid or denied claims taken to court that are proven to be decisions made in bad faith. Senate Bill 256 states that if an insurance company denies, refuses, or fails to pay property damage, medical expense benefit, or loss of income benefit claims filed by its policyholders under the provisions of their auto insurance, and a court finds the carrier to be acting in bad faith, they will be required to pay the policyholder double the judgment amount plus interest, attorney fees, and expenses.


Photo by Clark Van Der Beken on Unsplash

Visit https://www.repairerdrivennews.com/2024/02/15/bad-faith-auto-insurer-claims-handling-would-cost-double-under-virginia-bill/ to view the full article online.

Engadget

Bad actors keep using deepfakes for everything from impersonating celebrities to scamming people out of money. The latest instance is out of Hong Kong, where a finance worker for an undisclosed multinational company was tricked into remitting $200 million Hong Kong dollars ($25.6 million). According to Hong Kong police, scammers contacted the employee posing as the company's CFO. He was initially suspicious, as the email called for secret transactions, but that's where the deepfakes came in. The worker attended a video call with the "CFO" and other recognizable members of the company. In reality, each "person" he interacted with was a deepfake — likely created using public video clips of the actual individuals.

Visit https://www.engadget.com/scammers-use-deepfakes-to-steal-256-million-from-a-multinational-firm-034033977.html to view the full article online.

  
Roanoke Times

Firefighters across the George Washington and Jefferson National Forests will conduct prescribed burning this spring to reduce hazardous fuels, restore wildlife habitat and improve forest health — something particularly important after last year’s wildfires in the region. If conditions allow, up to 40,000 acres across the forests will be burned this year, according to a U.S. Forest Service news release.
Photo by Egor Vikhrev on Unsplash

Visit https://roanoke.com/news/local/after-last-years-wildfires-us-forest-service-prepares-for-prescribed-burn-season/article_c0982b02-c5d2-11ee-9fc3-f3e430e8d32d.html to view the full article online.

Democrats top both House and Senate lists of the legislators with the most bills submitted this year. See how many bills each General Assembly member has introduced and click through to see all the legislation from each delegate or senator in this latest data visualization.

Visit https://www.vpap.org/visuals/visual/bills-per-legislator-2024/ to view the full article online.

  
The Virginia Workers' Compensation Commission is pleased to announce the reappointment of the Honorable Wesley G. Marshall as Commissioner for his third consecutive term. Commissioner Marshall's extensive experience and unwavering dedication have been invaluable assets to the Commission since he began his tenure in 2012. 

Visit https://www.naylornetwork.com/via-nwl/articles/index-v3.asp?aid=819473&issueID=96945 to view the full article online.

Goodville Mutual
Food For Thought
  
As we stand on the threshold of a new year, insurance companies are presented with a golden opportunity to renew their commitment to cybersecurity and regulatory compliance. The digital age has ushered in unprecedented advancements, but with it comes the ever-present threat of cyber attacks and the imperative to adhere to stringent laws and regulations. In the spirit of embracing progress and fortifying against emerging threats, it's time for insurance companies to make and uphold New Year's resolutions that prioritize the security of sensitive data and ensure compliance with cyber laws.
Photo by Markus Spiske on Unsplash

Visit https://www.naylornetwork.com/via-nwl/articles/index-v3.asp?aid=819451&issueID=96945 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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