Big I Virginia E-News
Archive | Advertise | Printer Friendly | www.iiav.com September 2012
THIS ISSUE
TAPCO Underwriters Inc
WELCOME

New Members:
   - Old Dominion Insurance Solutions, Richmond, District 3
   - James Allen Insurance Brokers, Carmel, IN

 
FROM THE DESK OF THE PRESIDENT AND CEO
Just when is a slow time in this industry? Your IIAV staff is working harder than ever before and especially working on the education programs for the remainder of this biennium.


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STATE & NATIONAL NEWS
As a result of legislation passed by the 2012 Virginia General Assembly, the Virginia State Police will find it a little easier to get the documents necessary to fully investigate insurance fraud referrals.
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Independent foreclosure review deadline extended until December 31, 2012.
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Mark November 4, 2011 on your list of important dates in Virginia legal history as a day of infamy for the Virginia Supreme Court.
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Virginia law requires that an employer who regularly employs three or more part-time or full-time employees to carry workers' compensation.
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On July 20, 2012, the National Council on Compensation Insurance (NCCI) will deliver a workers’ compensation loss cost filing to the Virginia State Corporation Commission, Bureau of Insurance.
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Virginia FREE is working with former Delegate Chris Saxman and The Political Leadership Innovation Institute to help recruit more business people for public office in Virginia. Here is a new, important update from Delegate Saxman.
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Thank you to all of those who participated in our conference call with Fifth District independent insurance agents on Tuesday, July 31.
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The Obama administration said recently it is on track to set up federal health insurance exchanges by 2014 in U.S. states that fail to establish their own regulated insurance markets as required by the newly enacted federal healthcare reform law.
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IIAV NEWS
As a result of IIAV/VFSC’s continued support and promotion of Fireman’s Fund Insurance Agents E&O program, we have been selected to be the recipient of a $5,000 Heritage Grant.
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The "Young Agent of the Year Award" was established to recognize the outstanding contributions of a young agent member (under 41 years of age or in the insurance business less than 5 years).
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The Town of Warrenton, Virginia is a hot bed of insurance agency mergers and acquisitions. During the past few years several agencies have been "blended" into other organizations.


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UPCOMING EVENTS
IIAV Young Agents’ Committee will be holding a Fall Networking Social at Keagan’s Irish Pub in Short Pump on September 20 from 5:00-7:00 p.m.
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IIAV’s 2012 Young Agents’ Conference is taking place October 18-19, 2012 at the Omni Richmond Hotel in Richmond, Virginia.
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EDUCATION
Sign up for classes and events online at www.iiav.com. To register at member prices, you MUST enter your member ID and password. If you do not have this information, please call IIAV at 1-800-288-4428.
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Thanks to her aunt, Lisa George with The Monument Sports Group in Richmond, VA, got her start in insurance in 1986. Lisa’s aunt had a friend who worked at an insurance agency that was in need of a receptionist.


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VIRGINIA ASSOCIATION OF INSURANCE AGENTS
Virginia Association of Insurance Agents (VAIA) has pre-licensing classes available in Chesapeake, Manassas and Richmond. In-house classes and self study are available as well.
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On August 16, Virginia Association of Insurance Agents participated in Congressman Randy Forbes Fourth District Chesterfield Job Fair.
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The Insurance Career Center continues to be a resource to post openings for full-time, part-time and internship positions within the insurance industry.
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IIAV MEMBER RESOURCES
Question 1: Do we need to do background checks on employees before we hire them? We never have.
Question 2: We have just instituted a no-smoking policy on our premises. However, our employees are now taking their breaks on the public sidewalk and smoking. Can we keep them from smoking on public property?
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If you are scratching your head wondering how half of 2012 could already be behind us, join the club. In the Human Resource world the year has been eventful, sending our already fast-paced lives into warp-speed.
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E&O SPOTLIGHT
John was an experienced agent at a medium sized agency. John placed CGL, Commercial Auto and Work Comp for his longtime client Hannah. John also sold Hannah her homeowners policy...
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PRESS RELEASES
Registering for classes, finding a place to live, and managing their money are just a few of the many challenges students face as they prepare for college. Making sure they have the insurance coverage they need is another important consideration.
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September is National Preparedness Month, an annual nationwide effort to encourage Americans to plan and prepare for emergencies.
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Patriot National Insurance Group assisted in uncovering information that lead to 'Operation Dirty Money', a joint task force operation that shut down a workers' compensation fraud check cashing scheme operating in South Florida.
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The State Corporation Commission (SCC) urges Virginians to use caution when seeking safer and more profitable places to put their money amid continued economic uncertainty and a changing investing landscape.
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Reader Poll

It appears that Homeowners policy underwriting restrictions for new and existing risks are tightening. Is your agency finding...

it is easier to write and renew business
there is little change
carriers are tightening underwriting a little
carriers are tightening underwriting a lot
some carriers are not writing new business in parts of the state

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Independent Insurance Agents of Virginia
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