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| April 2019 | |||||||||||||
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Top 3 Articles
Welcome
From the Desk of the President & CEO
IIAV Member Resources
  
State & National News
Just a reminder to all our agency partners, state associations, as well as our insurance company and tech provider partners – all 50 states now have data breach laws in place, and several states including Massachusetts have recently amended their statutes. This means business owners must understand the varying regulations in each of the states in which you write business.
Trusted Choice® is the brand of members of the Independent Insurance Agents and Brokers of America. Over the course of a few newsletters we explore how the Trusted Choice brand came to be, what it means and how it helps member agencies. This installment covers the concept of brand at the highest level, and how the Trusted Choice brand came to be.
J.M. Wilson is pleased to announce the addition of Nicole Lloyd as Assistant Transportation Underwriter in their Westerville, Ohio, office. Nicole is responsible for assisting underwriters on a wide variety of transportation risks, as well as quoting new and renewal business, corresponding with carrier underwriters, and assisting independent agents in Kentucky, Ohio, Pennsylvania, Virginia and West Virginia.
The Independent Insurance Agents & Brokers of America (the Big “I”) today released the following statement by Charles Symington, Big “I” senior vice president of external, industry and government affairs.
Question: Do you have any creative benefit ideas for trying to recruit new talent? Answer: Absolutely! Here are some things you can offer: additional vacation days, reimburse student loan or credit card debt, allow your employee to work from home once a week or work from the office one weekend day a week, offer a sabbatical after five years of service, reimburse transportation or child-care expenses, pay for continuing education, and, of course, teach your prospective employees about any retirement benefits, such as 401(k) benefits. If you do get creative with your benefits, present them with your offer so that they can weigh the benefits along with your salary offering. Good Luck! The State Corporation Commission (SCC) will allow the public to comment on numerous premium rate increase requests pertaining to long-term care insurance issued in Virginia. Currently, approximately 25 insurance companies have filed premium increase requests for as many as 60 different long-term care insurance plans.
IIAV News
Recently we’ve received some calls about Compliance Depot and the difficulty in working with this firm. We haven’t heard many complaints since we worked to get the COI bill passed, but recently it appears that they are back. Please let us know your specific experiences with Compliance Depot and we will review our next step. All names submitted will be kept strictly confidential. Send your stories to Bob Bradshaw at rbradshaw@iiav.com. Mercury Insurance has announced that it is offering home cyber protection coverage to homeowners and renters in Virginia. This new coverage will provide Mercury policyholders with significant cyber insurance protection that includes payment and security solutions for computer and home system attacks, cyber extortion, online fraud and the breach of personal information involving smartphones, computers and connected home devices.
Towne Insurance, a wholly-owned subsidiary of TowneBank, announced the addition of Straus, Itzkowitz & LeCompte Insurance, a full-service, independent agency located in Richmond, Va. This will mark the 23rd acquisition for Virginia-based Towne Insurance.
Scott Insurance recently appointed two new Vice Presidents for the company, Cathleen Reilly and Andrew Satterfield, both based out of the company’s Richmond office.
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