News & Notes

IA&B RECEIVES EMPOWERING WOMEN

IA&B was named a 2024 Empowering Women award winner. The award, which is coordinated by Lehigh Valley Business and the Central Penn Business Journal, “shines a light on companies and organizations that have demonstrated tangible efforts and documented results in supporting and empowering women in Central and Eastern PA.”

Beginning in 2023, IA&B undertook several initiatives to support women in the industry:

• Professional development – holding the annual Women’s Conference and ongoing women-focused webinar series

• Community – creating networking opportunities through the Women’s Self-Coaching Program, Make-A-Wish fundraisers, and IA&B Women in Insurance Facebook group

• Recognition – elevating and celebrating women leaders in the insurance industry through the March editions of Primary Agent magazine and at the Women’s Conference

Learn more about IA&B’s women in insurance initiatives. IABforME.com/women-in-insurance

IA&B YOUNG AGENT CONFERENCE RETURNS

Register and attend the 2024 Young Agent Conference, coming to Gettysburg, PA on Oct. 28-29. Plan for two days of high-energy speakers, hands-on workshops, and networking opportunities – all with the goal of developing young insurance agents into successful leaders. Registration opens Aug. 1.

Learn more and register. 800-998-9644, option 1 | IABforME.online/YAconference

RECORDED WEBINAR: P&C TRENDS & OPPORTUNITIES

Gain valuable insights into the latest state-specific P&C Market Share Report. On July 23 Paul Buse, CPCU, ARM, shared his expertise and findings during a live webinar, Interpreting P&C Insurance Trends: A Focus on Pennsylvania, Maryland, and Delaware.

This P&C Market Share Report highlights top lines of business, agent penetrations, loss ratios, percentage of

surplus lines, the biggest writing insurers, and more. During his presentation, Paul explored the 2023 numbers and explained what they mean for the independent agency system as a whole and your business in particular.

Access to the recorded webinar is free for IA&B members. IABforME.com/member-resources/#marketplace-summaries

IA&B WOMEN’S SELF-COACHING PROGRAM

Women in insurance, unlock your potential with IA&B’s Women’s Self-Coaching Program. You’ll join a supportive community of like-minded women on a journey of selfdiscovery and growth. Led by facilitator Tarryne West, of Change One Woman, this program provides the tools, techniques, and guidance to tap into your inner strength and build confidence.

How Does This Program Work?

It is a 12-month program running September 2024 through August 2025. It includes:

• 2 in-person, regional skill-building workshops

• 10 interactive monthly training webinars

• Regional self-coaching cohorts

The registration deadline is Wednesday, Sept. 4 at 4:30 PM.

Learn more and register. 800-998-9644, option 1 | IABforME.online/self-coaching

DE UPDATES HOMEOWNERS’ NON-RENEWAL REQUIREMENTS

Delaware Senate Bill 200, which affects non-renewal notices for homeowners’ insurance contracts, will take effect on Oct. 1, 2024.

The bill requires insurers to deliver any homeowners’ notices of cancellation or non-renewal by USPS certified mail or USPS Intelligent Mail barcode. Further, it limits insurers’ ability to cancel or non-renew a policy for nonweather-related claims and establishes a 36-month lookback period (previously, insurers could cancel or nonrenew a policy because of two non-weather-related claims over the entire lifetime of the policy).

IA&B supported amendments to exclude non-renewal notices for nonpayment of premium from the new requirements.