Big I Virginia E-News
June 2025
IIAV News
IIAV 2025 Convention and Tradeshow

Join us in Virginia Beach for 3 days of Insurance Industry Insights, Networking, and Fun from June 22 - 24, 2025

REGISTRATION AVAILABLE DAY OF

Convention Schedule:

Sunday, June 22: Opening Reception & Music Bingo | GREAT SCOTT! Entertainment

Monday, June 23: Keynote Speaker, Breakout Sessions, and TRADESHOW!

  • Keynote Speaker: Sam Ritcher | AI and Your Agency
  • Interview with Virginia Insurance Commissioner Scott White
  • 3 Incredible Breakout Sessions
    • Bryan Lake | MarshBerry | “Attract and Retain Great People”
    • Brian Ambrosia | MarshBerry | “Determining the Right Path”
    • Bushwood v Noon Mock Trial | VA CE Approved 2 Hours CE #228520
  • Tradeshow featuring 76 Insurance-Specific Vendors!

Tuesday, June 24: General Sessions and Awards Dinner

  • General Sessions with up to 3 hours of CE
    • Dave Tralka | InsurBanc | “Understanding Agency Value” | VA CE Approved 1 Hour OGI | #228947
    • Carey Wallace | Agency Focus | “The Now Agency” VA CE Approved 1 Hour OGI #228946
    • Insurance Institute for Business & Home Safety | Mary Uher | Narrow the Path: Minimize Damage from Natural Disasters | VA CE Approved 1 Hour P&C #228948

Dinner Featuring Entertainment by Tim Gabrielson | Comedian

 
Welcome to Our New Members!

New Agency Members

  • BenX Consulting Group | Richmond, VA
  • Fortis Insurance | Chantilly, VA

New Associate Members

  • Paul Davis of Greater Richmond | Richmond, VA
The 2025 IIAV Users' Guide and Annual Report is Now Available in its Digital Form. Click on the Cover or Button Below to Begin Reading!

 

Learn More...

Your Business is Our Business ®
Berkshire Hathaway GUARD Insurance Companies®
Berkshire Hathaway GUARD Insurance Companies is 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, and Workers’ Compensation.  “Pay-as-you-go” billing options are also featured. 
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State & National News
Anti-speeding Devices get Gov. Youngkin’s OK
Virginia Lawyers Weekly

Starting next year, judges will have the option to mandate the installation of a speed-limiting device in a vehicle driven by anyone convicted of reckless driving and going over 100 mph. The speed control devices may be mandated in lieu of suspending a person’s license. The legislation takes effect July 1, 2026.
Food For Thought
Agency Values Keep Rising
Written by Kevin Stipe at Reaganview
 
Investors sure love our industry. Believe it or not, publicly traded broker stocks are rallying once again. Led by Gallagher (up 22% year-to-date), the public brokers are collectively up by an average of 10% so far this year.
 
Their valuations are definitely at nose-bleed levels. The average EBITDA multiple for the Big Five public brokers is over 18X. This is roughly 50% higher than a decade ago, when the average multiple was a more historically normal 12X.
AI Video Pushes Boundaries of Victim Impact Statements
By Sarah Martinson
 
At the beginning of May, an Arizona state court judge permitted an artificial intelligence-generated victim impact statement of a deceased victim at a sentencing hearing, leaving some attorneys concerned about how admitting these types of videos might affect sentencing in other cases.
Goodville Mutual
EMC Insurance
Insurance Platform Features
HawkSoft
 
The HawkSoft Insurance Platform provides all core management system features at one price, with a robust ecosystem of add-ons, integrations, and services that help your agency scale as you grow. Get more value for your money with HawkSoft.
Now Available: VWC Citation Manual
Virginia Workers' Compensation Commission
 
The Commission (VWC) is pleased to present its Citation Manual, developed for attorneys, stakeholders and the general public. This Manual provides guidance on formatting written submissions, including proper legal citation style, document structure, and references to statutes and case law. VWC strongly encourages adherence to these standards when submitting Motions, Written Statements, Briefs, or other legal pleadings.
 
UPCOMING CLASSES
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 things happen with our strong financial position, and we remain committed to distributing our products and services through independent agencies.
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Hilb Group