News & Notes

IA&B EDUCATION SCHOLARSHIPS

Apply by Aug. 31 for the next round of insurance education scholarships. On Sept. 15 IA&B will award two individuals with full CIC and CISR designation scholarships, as well as member agencies with scholarships for their staff to attend CIC, CISR, and CE courses.

Scholarships to attend licensing study courses are available throughout the year.

Applications are available at: IABforME.online/scholarships

Questions? Contact IA&B Administrative Assistant Sarah Haas

SarahJ@IABforME.com

800-998-9644, ext. 104

WEBINAR FOR WOMEN

Register today for our upcoming webinar, geared to women insurance professionals. This webinar is part of IA&B’s broader initiative to support women in the industry and follows the sold-out Women’s Conference in March and first webinar for women in June.

The Thing About Women … That Make Such Great Leaders

Presented by Sara Bradshaw Ray (keynote speaker at IA&B’s Women’s Conference)

Thursday, Sept. 14 | 11 AM-Noon

There is no cost to attend this webinar, which is available exclusively to IA&B members. Registration is required.

IABforME.com/eventregistrations/?eventId=6655

800-998-9644, option 1

Please note: This webinar is designed with women attendees in mind, but it is open to everyone who supports the growth and leadership of women in the independent insurance agent community.

IA&B MEMBER MILESTONE

Congratulations to Weymouth, Swayze & Corroon Insurance on its 90th anniversary. Headquartered in Wilmington, DE, WS&C is a full-service property, casualty, and specialty insurance brokerage. With origins in Wilmington, DE and New York City, WS&C is the result of a 2009 merger between Weymouth & Smith Insurance and Corroon & Associates.

WS&C has remained steadfast in helping clients protect their business and personal assets in 34 states and overseas by offering custom-tailored insurance programs and solutions for all types of risk. Case in point: WS&C once provided coverage for a rare 1 cent stamp that was insured for $6,000,000!

WS&C President Richard Corroon is a proud supporter of IA&B and served on the Board for several years culminating in the position of Delaware Chairman in 2019.

Is your agency celebrating a milestone anniversary? Whether it’s five years or 125 years in business, we want to acknowledge your accomplishment. Email announcements and images to IA&B Public Relations Director Karen Robison at KarenR@IABforME.com.

IA&B YOUNG AGENT CONFERENCE

It’s back! Register for IA&B’s Young Agent Conference, Oct. 3-4 at the Cork Factory Hotel in Lancaster, PA. Registration opens August 1.

The conference is devoted to developing up and coming insurance agents into successful leaders. Young agents will connect with peers and mentors during roundtables, breakout sessions, and other networking opportunities.

Hurry! Early bird registration Aug. 1-25

Members $349 Members save $80! Non-Members $429

Prices increase after Aug. 25.

Members $389/Non-Members $469

For more information and registration, go to IABforME.online/YAconference or call 800-998-9644, option 0.

DE WORK COMP EXEMPTION BILL

In late June, Delaware passed legislation to increase the number of allowed workers’ compensation exemptions for LLCs.

Previous law permitted as many as eight executive officers of a corporation and four of an LLC to be exempted from workers’ compensation, reducing the cost of coverage. This legislation increases the number of allowed exemptions from four to eight for LLCs.

The bill was introduced in response to several IA&B members who experienced situations in which the four-officer limit on exemptions was too low for their policyholders’ needs. Two members of IA&B’s Government Relations Committee, Lee Dotson and Maria Metcalfe, testified in support of the bill.

PA INSURANCE DATA SECURITY ACT

Earlier this summer, Pennsylvania passed the Insurance Data Security Act. The legislation, which largely follows the National Association of Insurance Commissioners model cybersecurity law, will take effect in December.

The Act requires all licensees to report to the Insurance Department within three business days of a cybersecurity event resulting in the unauthorized access, misuse, or disruption of an electronic system containing private consumer information. Licensees above a certain size will also need to conduct an annual risk assessment and implement a data security plan to mitigate any identified cybersecurity risks.

IA&B’s advocacy team successfully lobbied for several changes to the bill, including the addition of exemptions for licensees, the removal of a provision that would have required agents to pay for the Department’s costs of investigating violations, and the reduction of fines for violation by 80%.

If you have questions, contact IA&B Government Affairs Director John Savant at JohnS@IABforME.com or 800-998-9644, ext. 607.