IIAV NEWSLETTER

Independent Insurance Agents of Virginia


May 2014
Johnson & Johnson
WELCOME

New Associate Members:
  - Hirschler Fleischer P C; Richmond
  - LegalShield; Chesapeake
  - SCS Safety Health Security Assoc LLC; Leesburg

 
FROM THE DESK OF THE PRESIDENT AND CEO
Putting everything aside, isn't this really the compelling question that you need to answer every time your agency answers a phone call, responds to an email, or calls on a client or prospective client? Moreover, isn't this also the question that the direct writers and online writers also have to respond to?

Visit https://www.naylornetwork.com/via-nwl/articles/indexV2.asp?aid=262810&issueID=34470 to view the full article online.

 
TAPCO Underwriters Inc
STATE & NATIONAL NEWS
The Virginia State Police Insurance Fraud Program just released its 2013 Annual Report, which shows the number of notifications received for the crime of insurance fraud slightly increased, and the arrests for insurance fraud and other related crimes, such as arson, forgery and uttering, are holding steady.

Visit https://www.naylornetwork.com/via-nwl/articles/indexV2.asp?aid=263270&issueID=34470 to view the full article online.

 
The National Council on Compensation Insurance recently filed this: U-1399A-Revisions to Statistical Plan – Amended Pension Table Values in Virginia, on behalf of our members' companies.

Visit https://www.naylornetwork.com/via-nwl/articles/indexV2.asp?aid=263271&issueID=34470 to view the full article online.

 
Starting January 2014, you and your family must either have health insurance coverage throughout the year, qualify for an exemption from coverage, or make a payment when you file your 2014 federal income tax return in 2015.

Visit https://www.naylornetwork.com/via-nwl/articles/indexV2.asp?aid=263318&issueID=34470 to view the full article online.

 
IIAV NEWS
Only you know who should be IIAV's Agent of the Year and/or Company Person of the Year.

Visit https://www.naylornetwork.com/via-nwl/articles/indexV2.asp?aid=263410&issueID=34470 to view the full article online.

 
Please join us in congratulating Jill Roth! 

Jill won an award for helping Virginia achieve its state AND young agent InsurPAC goals for the first time ever. Jill is with Ahart, Frinzi & Smith in Alexandria. Read the article in the Insurance & Financial Advisor for more information.
 
Each month, IIAV will be selecting one of the Association's agencies that is aggressively – or perhaps assertively – "shaking things up" through such growth.

Visit https://www.naylornetwork.com/via-nwl/articles/indexV2.asp?aid=262812&issueID=34470 to view the full article online.

 
UPCOMING EVENTS
Please join Virginia Association of Insurance Agents for an evening of fun as we honor David Priest, Virginia Commonwealth Corporation, with a Roast & Toast event on May 15.

Visit https://www.naylornetwork.com/via-nwl/articles/indexV2.asp?aid=262813&issueID=34470 to view the full article online.

 
This event is for both agencies and companies. The conference is packed with great educational (including continuing education credits) and networking opportunities, trade exhibits, social events, with the added flair of fun and, of course, golf.

Visit https://www.naylornetwork.com/via-nwl/articles/indexV2.asp?aid=262814&issueID=34470 to view the full article online.

 
The First Annual "Hats Off to Lou" Memorial Golf Tournament, in memory of our beloved Lou Petersen, will take place on June 2, 2014 at Westfields Golf Club in Clifton.

Visit https://www.naylornetwork.com/via-nwl/articles/indexV2.asp?aid=263315&issueID=34470 to view the full article online.

 
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.

Visit https://www.naylornetwork.com/via-nwl/articles/indexV2.asp?aid=262815&issueID=34470 to view the full article online.

 
Do you want to knock out the Commercial Lines ACSR designation, or do you just want a better understanding of the commercial lines side of the insurance industry?

Visit https://www.naylornetwork.com/via-nwl/articles/indexV2.asp?aid=263269&issueID=34470 to view the full article online.

 
VIRGINIA ASSOCIATION OF INSURANCE AGENTS
On March 27, VAIA hosted its first-ever company partner informational luncheon. The goal of this event was to introduce IIAV company partners to the resources and opportunities VAIA has to offer.

Visit https://www.naylornetwork.com/via-nwl/articles/indexV2.asp?aid=263255&issueID=34470 to view the full article online.

 
IIAV MEMBER RESOURCES
Affinity HR Group answers questions about benefits, hiring and other employee issues.

Visit https://www.naylornetwork.com/via-nwl/articles/indexV2.asp?aid=262816&issueID=34470 to view the full article online.

 
E&O SPOTLIGHT
Case Study: ABC Bond Agency is a non-exclusive agent for Mega Surety, meaning it can write surety bonds with other carriers, as well as Mega Surety. ABC Bond Agency writes bonds for customers all over the United States.

Visit https://www.naylornetwork.com/via-nwl/articles/indexV2.asp?aid=263267&issueID=34470 to view the full article online.

 
With the vast number of surety bonds available, agents need to be cautious when working with customers to meet their needs. Claims data from Swiss Re and Big "I" Professional Liability Program shows that bond-related E&O claims have roughly three times the claims severity as other claims.

Visit https://www.naylornetwork.com/via-nwl/articles/indexV2.asp?aid=263272&issueID=34470 to view the full article online.

 
The relationship between a customer and an agent who helps them secure bonds for their projects is vital to their success. By being aware of the possible pitfalls that can create E&O claims, you will be able to provide bond services to your clients without interruption, and mitigate serious E&O exposures for your agency.

Visit https://www.naylornetwork.com/via-nwl/articles/indexV2.asp?aid=263279&issueID=34470 to view the full article online.

 
PRESS RELEASES
Daniel Joseph Peacock, 78, of Culpeper passed away at U.Va. Medical Center on Monday, March 31, 2014.

Visit https://www.naylornetwork.com/via-nwl/articles/indexV2.asp?aid=263266&issueID=34470 to view the full article online.

 
Congratulations to Todd Simpson, JD, CPCU, CIC, ARe; John White; and Keith Moore, CPCU, AIC, AU, on their recent promotions.

Visit https://www.naylornetwork.com/via-nwl/articles/indexV2.asp?aid=263268&issueID=34470 to view the full article online.

 
Atlantic Specialty Lines, Inc.
Penn National Insurance
Harleysville Insurance Companies
IIAV Partners