IIABW Bulletin - New IIABW Web site, Free 2 CE IIABW Seminars

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1 Page 1 of 5 March 4, 2014 IIABW Bulletin Free IIABW Seminars in 8 Cities IIABW is collaborating with the Surplus Line Association of Washington and Selective Insurance to offer FREE 2 ce workshops in Vancouver, Tacoma, Bellevue, Bow, Lynnwood, Wenatchee, Richland and Spokane. The seminar will cover: "A Practical Guide to the Surplus Line Industry," "Reforms to the National Flood Insurance Program," "Big I Update on Legislative Issues and Programs." To register online, click here. New IIABW Website IIABW will be launching our totally redesigned website later this week. The new site will have a brand-new look and feel, bringing you a dynamic new experience complete with a more user-friendly structure. Information has been organized into five major menu items: 1. Resources/Membership 2. Products, 3. Education/Events, 4. Advocacy, 5. News. Featured Associate Member NW Insurance Council You work hard to help families and businesses protect themselves financially from life's misfortunes, yet a negative industry reputation can make it more difficult to gain the trust of new and current customers. NW Insurance Council partners with members to educate the public, the media and policymakers about how insurance works by providing accurate information and setting the record straight on industry practices. A better understanding of the value of insurance improves public trust and respect for our industry, leads to a greater appreciation of you and your agency and makes helping your customers easier. U.S. House Action on Flood Insurance The U.S. House is scheduled to consider H.R. 3370, the "Homeowners Flood Insurance Affordability Act of 2014," today at 3:30 pm. The bill would repeal parts of the Biggert-Waters Flood We invite you to support the NW Insurance Council's work on your behalf. Visit NW Insurance Council to learn more about the value

2 Page 2 of 5 Insurance Reform Bill of The Big I supports the bill and encourages members to call (rather than or fax) their Congressman/woman ASAP and say: Vote in favor of H.R. 3370, the Homeowners Flood Insurance Affordability Act, which is needed legislation that will help mitigate the rate shock caused by certain provisions of Biggert-Waters. H.R would reinstate grandfathering and prevent a simple real estate transaction from causing dramatic flood insurance premium increases. Both of these critical provisions maintain basic fairness in the flood insurance program and are necessary to protect both consumers and many local economies in flood-prone areas. The legislation still maintains a transition to actuarial rates for many properties, is fully paid for, and is revenue neutral.. Young Agents Bowling Event 3/20 The Young Agents Spring Networking Event will be held at ACME Bowl in Tukwila on March 20th. To register, click here. Project CAP's Consumer Portal The New TrustedChoice.com consumer portal connects agencies with online consumers seeking a new agent or policies. It has been live for a few months and will be adding comparative rating in the coming weeks. This will make it possible for online consumers to receive multiple quotes, select a carrier, AND choose the independent agent they wish to work with. To begin receiving quotes from the consumer portal, you need to subscribe for a flat monthly fee of $39 a month. Agencies with subscriptions also get an enhanced agency profile (which lists the type of insurance provided, carriers represented, employees, client testimonials, logo, etc.) and get listed first in the 'Find an Agent' with the enhanced profile. All IIABW members automatically have a basic online agency listing for free, which includes: agency name, address, phone number, address and location on google maps. This information is displayed under the popular 'Find an Agent' section of the site and consumers contact the agency directly. If your agency does not subscribe, it will not show up in the 'Get a Quote.'. Health Care Exchange Update More than 100,000 Washingtonians have now enrolled in private health plans through The Exchange will be spending $2.6 million in March on T.V. ads aimed at young adults. The ads feature a fictitious health care rap duo who interview residents who signed up for health coverage through the exchange. Click here and also here to view the ads. of Contributing Membership. Online CE Courses IIABW has partnered with CEU.com to provide you with an excellent online education option that is backed by The Institutes (AICPCU/IIA). IIABW members receive a 35% discount. Click here to register. IIABW has partnered with Risk & Insurance Education (RIE) to offer 9 selfstudy/online CE programs instructed by Dave Sanborn, CPCU. Classes include: Contractual Liability, Additional Insureds, Construction Defects, Commercial Auto, Business Income, Occurrence v. Claims Made, Ethics, General Liability On-demand E&O Loss Control course webcast available through Agents & Brokers Education Network (ABEN). This course qualifies for the 10% Swiss Re Loss Control credit. To register, click here. Big I Personal Lines Affluent Homeowners & Auto (4 carriers) Personal Builders Risk Recreational Vehicles & Marine. Homeowners: Seasonal, Coastal, Unprotected, Unsupported Secondary. Non-Standard: Homeowner, Condo, Rental, Vacant Dwelling. Homeowners DIC Flood

3 Page 3 of 5 OIC Accepts Additional NIPR Applications The OIC has expanded the types of applications being accepted through the National Insurance Producer Registry (NIPR) online interface. New insurance license applications and renewals may now be submitted for the following license types: Resident producer (full lines only) and Resident surplus lines broker. Before this application expansion, resident producers and surplus lines brokers were only able to submit these via the OIC's Online Services. When using NIPR, an applicant or licensee has the ability to submit several state applications or renewals simultaneously. This is particularly advantageous to licensees who hold multiple state insurance licenses. Access to the NIPR's service can be found at For a complete listing of the applications which are accepted through NIPR, please visit the OIC website. Trusted Choice Advertising Trusted Choice, the consumer brand for independent agents, is advertising on the Osgood File and the Dennis Miller radio shows, as well as Laura Ingraham, Newsday, and the Reporter's Notebook. Starting in March, the spots will run for 28 weeks, throughout the rest of the year. Virtual University Articles The Big I's Virtual University has an informative free newsletter which can be subscribed to by clicking here. Here is an example of the articles available: The Insurance Implications of Marijuana Legalization Insurance Implications of Car Sharing ISO's 2014 Data Breach Exclusion Endorsements Is the Future Positive for Small, Traditional Agencies? Agents Are NOT a Commodity Customer Service Debrief Helps Us Learn from Mistakes and Successes Focus on Flood This is an ongoing series with myths about flooding to educate you about the national flood program. For more information about the changes to the national flood program, contact the Big I's endorsed flood provider - Selective Insurance. My area has never been flooded. The fact that a flood has not occurred recently doesn't mean one has not happened in the past or that one will not happen in the Commercial Lines Habitational - Apartment, Condo Bonds - Surety, Performance, Bid and Misc. Travelers - Select (Contractor Pac, Auto, Garage, BOP, Religious, Tech) Community Banks Business Insurance Real Estate Agents E&O Excess Flood Hartford Specialized Affinity Programs In-Home Business Appointments Eagle Agency gives you access to four premier personal lines markets: Travelers, MetLife Auto and Home, Hartford and Progressive. For an appointment you only need to submit 2 new lines policies a month. Homeowners DIC Earthquake and incidental flood coverage for residential properties is offered by Trustco, through Lloyd's of London. Owner occupied one and two family homes may be covered with limits up to $1 million. For an agent/broker brochure, consumer brochure and application, click here. Flood Insurance Federal flood (write your own) program. 18%/15% new/renewal commission. For more information, go to IIABA's Web Site.

4 Page 4 of 5 future. Flood history is just one element used in determining flood risk. Other flood risk factors include your community's rainfall and river flow data, topography, wind velocity, and building development (both existing and planned). Insurance Golf Tournaments Spokane Insurance Associates: May 15 at Circling Raven; Alicia.cole@us.belfor.com Benton/Franklin County Big I: May 22 at Canyon Lakes, jbutton@paynewest.com Spokane County Big I: June 5 at Liberty Lake Golf Course; Iiabs@aol.com Pierce County Big I: June 26 at North Shore Golf Course in Tacoma; kendraf@fourniersolutions.com King County Big I: July 8 at Washington National, dana@iiabkc.org. Environmental Seminar 4/2 in Bellevue "An Insurance Agent's Guide to Mold, Bacteria, & Pollution Exclusions and Environmental Insurance" seminar will be held on 4/2 at the IIABW office in both the morning and then repeated in the afternoon. 4 hours of CE and a free BBQ lunch are available. This seminar will discuss the far reaching effects of pollution exclusions and show how various environmental insurance products are designed to fill the resulting coverage gaps in both property and liability policies. Hollywood Film: Risk vs. Reward With the Academy Awards this past weekend, IIABA's IA Magazine published an article on the four most important risk management factors to consider about filmmaking. Exotic locales. Juggling differing production regulations, entering war-torn countries safely, production delays if equipment is damaged. Stunt work. Especially when it involves lead cast members because if they get hurt it could involve lengthy production delays. Unique and custom sets. Distinctive Hollywood sets are expensive to build, and can pose a hazard to both actors and the bottom line of a film Based on a true story. If a film is based on true facts and portrays individuals in a negative light, allegations of defamation can arise out of a film production. Forward this

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