IIAV NEWSLETTER

Independent Insurance Agents of Virginia


September 2016
Johnson & Johnson
WELCOME

Agency:

Edwards Ins & Fin Solutions LLC,  North Chesterfield -  District 3

Merlinio Ins Svcs LLC,  Henrico - District 3

Associate:

Emergency Special Svc LLC Mechanicsville

 
FROM THE DESK OF THE PRESIDENT AND CEO
The National Association of Insurance Commissioners is moving rapidly toward adoption of a new "model act" that, if approved by state legislatures, would impose massive new duties, expenses and liabilities upon the entire insurance industry — including every insurance agent and broker.

Visit https://www.naylornetwork.com/via-nwl/articles/indexV2.asp?aid=398842&issueID=44107 to view the full article online.

 
Brethren Mutual Insurance
STATE & NATIONAL NEWS
We have all seen the stories in the news. After many years of a declining trend in the number of accidents, the number of accidents has spiked in the last two years. Insurers have an opportunity to educate the public and policymakers on the effects of the increase on insurance costs, and work together to find solutions.

Visit https://www.naylornetwork.com/via-nwl/articles/indexV2.asp?aid=398784&issueID=44107 to view the full article online.

 
Fraud of the Month: September 2016 — reported by Coalition Against Insurance Fraud.

Visit https://www.naylornetwork.com/via-nwl/articles/indexV2.asp?aid=398838&issueID=44107 to view the full article online.

 
Google "college commencement speeches" and you’ll find more than 300,000 results outlining how to write a compelling graduation speech, complete with all the life advice graduates need. But, not all topics are covered.

Visit http://www.iamagazine.com/viewpoints/read/2016/07/29/what-we-re-not-telling-college-grads-about-insurance to view the full article online.

 
Fraud of the Month: August 2016

Mental illness made Dr. Fernando Mendez-Villamil rich and taxpayers that much poorer. The Miami psychiatrist spooned out epidemic levels of anti-psychotic drugs to seniors in Medicare and lower-income people in Medicaid.

Visit https://www.naylornetwork.com/via-nwl/articles/indexV2.asp?aid=399181&issueID=44107 to view the full article online.

 
Millers Mutual Insurance Company
UPCOMING EVENTS
See attached flier for information and registration.

Visit http://www.naylornetwork.com/via-nwl/pdf/merged_(4).pdf to view the full article online.

 
As IIAV schedules program events for the future, we want you to be well prepared and mark them on your calendar. We look forward to seeing you at an IIAV event.

Visit https://www.naylornetwork.com/via-nwl/articles/indexV2.asp?aid=399174&issueID=44107 to view the full article online.

 
If you’re not registered for the Young Agents Conference because you’re over 41 – you’re missing out! The Young Agents host this event each year, but anyone is welcome to attend.

In fact, the Young Agents welcome it. They’re excited to not only connect with others in a similar phase of their career, but they want to connect with those of you who are well-established as well.

Visit https://www.naylornetwork.com/via-nwl/articles/indexV2.asp?aid=399196&issueID=44107 to view the full article online.

 
Bloss & Dillard, Inc., CMGA
IIAV MEMBER RESOURCES
InsurBanc recently produced an informational webinar on agency acquisition and perpetuation. In case you missed it, you still have the opportunity to learn valuable information. In this webinar, InsurBanc's President and CEO, David Tralka, shares insight into the current M&A market. Dave discusses the key considerations of financially planning and preparing for succession, tools to maximize agency value and ways to access capital for growth. Check out the webinar by clicking below. If you are interested in learning more, contact InsurBanc at 1-866-467-2262.

Visit http://www.agenciesonline.biz/blog/key-considerations-of-agency-acquisition-and-perpetuation to view the full article online.

 
ACA requires certain employers to maintain a well-defined head count of their full time employees in order to be compliant.

Visit https://www.naylornetwork.com/via-nwl/articles/indexV2.asp?aid=399175&issueID=44107 to view the full article online.

 
E&O SPOTLIGHT
Needless to say, the subject of ethics is enormous and many thousands of publications have been devoted to it through the ages. The following tip is based on a simple premise: Ethical conduct is good for business and will reduce the potential for E & O claims. Why?

Visit https://www.naylornetwork.com/via-nwl/articles/indexV2.asp?aid=398843&issueID=44107 to view the full article online.

 
PRESS RELEASES
ALEXANDRIA, Virginia, Sept. 6, 2016—The Agents Council for Technology (ACT) Small Commercial Rating work group has released "Carrier Bridging Best Practices" recommendations.

Visit https://www.naylornetwork.com/via-nwl/articles/indexV2.asp?aid=398782&issueID=44107 to view the full article online.

 
RICHMOND, Virginia — Recent studies by the Insurance Institute for Highway Safety, have shown that traffic deaths from red-light-running crashes go up nearly a third after cities turn off cameras designed to catch motorists in the act. Researchers compared trends in annual crash rates among 14 cities that ended their red-light camera programs against 29 cities in the same region that continued their camera program.

Visit https://www.naylornetwork.com/via-nwl/articles/indexV2.asp?aid=398839&issueID=44107 to view the full article online.

 
RICHMOND, Virginia — The Independent Insurance Agents of Virginia (IIAV) was
recently recognized by the Independent Insurance Agents & Brokers of America
(IIABA or the Big "I") with the ‘Excellence in Insurance Education (EIE) Award’.
The Virginia state association received the highest level of recognition — diamond.

Visit http://www.naylornetwork.com/via-nwl/pdf/IIAV_Receives_Big_I_2016_EIE_Award.pdf to view the full article online.

 
Atlantic Specialty Lines, Inc.
AmTrust North America
Penn National Insurance
Commonwealth Underwriters Ltd