Welcome to the latest issue of the Independent Insurance Agents of Oklahoma newsletter, your source for the latest insurance news in Oklahoma.
The mission statement of the Independent Insurance Agents of Oklahoma, working in the public's best interest, through active member participation, is to be the unrelenting advocate of independent insurance agents and to fulfill the education, political, and business needs of its members.
IIAO ELECTS OFFICERS
David Eaton of Advantage Insurance Group in El Reno was elected as the next Chairman of the Independent Insurance Agents of Oklahoma during IIAO's Annual Conference this month. Eaton will take the reins on July 1. Other new officers are Chairman-Elect Mark Carlin, Cole Paine & Carlin, OKC; Treasurer Phil Eitzen, Eitzen Agency, Fairview; Secretary Thad Leonard, Carl M. Leonard & Son, Tulsa; Immediate Past Chairman Ed McGrath, Wilcox & McGrath Insurance, OKC; and State Director Denise Johnson, ECI Agency, Piedmont.
Board members for the 2013-2014 year will be Karen Dunn, Broken Bow; Guy Landes, Tulsa; Wes Magill, Weatherford; Larry Neal, Lawton; Kelly Smith, Holdenville; Mike Somers, Lindsay; Mark Tedford, Jenks; and Chris Torres, OKC.
Ed McGrath presented Chairman citations to Carlin and the IIAO staff for their work in planning Hypopanty and the Young Agents Conference. Cindy Munden was recognized for her 15 years of service with IIAO Eagle Agency. Congratulations, Cindy!
ED MCGRATH JOINS THE CIC BOARD OF GOVERNORS
Congratulations to IIAO Chairman, Ed McGrath, CIC, CRM, for joining the CIC Board of Governors. The National Alliance for Insurance Education & Research has announced the election of new officers and board members for the Society of Certified Insurance Counselors (CIC) Board of Governors; the Certified Insurance Service Representatives (CISR) Board of Governors; and The National Alliance Research Academy Board of Directors. The six new CIC board members were ratified by the membership at the James K. Ruble MEGA Seminar in Denver, Colorado. Board members serve six year terms and officers serve one year in their executive board positions. Click here to read the full news release.
TRUSTED CHOICE JUNIOR GOLF TOURNAMENT SCHEDULED FOR JUNE
The state's top junior golfers are invited to play at the June 26 Trusted Choice Big "I" Junior Classic Oklahoma State Tournament at KickingBird Golf Course in Edmond. For more information or to sign up your junior, visit our junior golf website!
NEW IIA OF OKLAHOMA MEMBERS
IIAO would like to welcome Cross Insurance LLC from Okmulgee as our newest member.
GLENCOE FIREFIRGHTERS RECIEVE NEW, LIFE-SAVING EQUIPMENT
Glencoe residents and firefighters will be safer thanks to a $5,000 grant. Awarded by Independent Insurance Agents of Oklahoma (IIAO) and Fireman's Fund Insurance Company, the funds enable the Glencoe Fire Department to purchase new "turnout gear" and mobile radios.
Glencoe Fire Department officials, firefighters, and leaders from Independent Insurance Agents of Oklahoma (IIAO) and Fireman's Fund came together for a special public event where the grant was presented and the items were demonstrated:
Click here to read the rest of the News Release.
Trusted Choice/IIABA News
SEN. DAVID BITTER NAMED BIG 'I' LEGISLATOR OF THE YEARThe Big "I" yesterday named United States Senator David Vitter (R-La.), who serves on the Senate Banking Committee, as the Gerald Solomon-IIABA Legislator of the Year for 2012. In his address, Sen. Vitter discussed numerous issues that impact the small business community, consumers and the independent agency system. Link to rest of the story.
BIG 'I' MARKETS MAKES CHANGES TO PROGRAMS
Big "I" Markets has experienced several recent developments that are important to note. They affect the Seabury & Smith, affluent and The Hartford specialty programs.
OBAMA ADMINISTRATION WEBINAR ON AGENT/BROKER ROLE IN HEALTH INSURANCE EXCHANGES
-SAVE THE DATE.
Big "I" Government Affairs staff has been working recently with the Center for Consumer Information and Insurance Oversight (CCIIO), the government body chiefly responsible for implementation of the Affordable Care Act (ACA), to set up a webinar exclusively for Big "I" membership to detail the agent and broker role in the health insurance exchanges. We are pleased to announce that the date of the webinar has been set, and it will take place May 14, 2013 at 1:00pm EST. The webinar will last 90 minutes and will include both a presentation by senior CCIIO staff and a short Q&A portion. Below please find an outline, provided by CCIIO, of the general topics to be discussed (a flyer with more detailed information will be distributed later):
- Increasing Access to Coverage for Individuals
- The Health Insurance Marketplaces
- Market Reforms Overview
- Enrollment Process
- The Marketplace and Small Businesses
- Applying for Small Business Health Insurance Options Program (SHOP) and SHOP Advantages
- Broker Role in the Marketplace
- Registration and Training
- Additional Information.
STUDY REVEALS GROWTH IN PROPERTY-CASUALTY INSURANCE MARKET
The Independent Insurance Agents & Brokers of America (IIABA or the Big "I") has released the results of the 2013 Market Share Study (based on 2011 data) which reveal that after years of market contraction, all property-casualty insurance premium lines grew. The study also showed that independent agents and brokers (collectively "IAs") were well positioned to capture a substantial piece of the market going forward.
This is the 17th year the Big "I" has contracted with A.M. Best Company to supply it with year-end industry market share and company expense data. The Big "I" analyzes this data annually to assess the state of the independent agency system.
to read the rest of this study.
THE E&O QUESTION YOU DON'T WANT TO BE ASKED
"If extra liability coverage was available, why didn't you provide it to your client before this accident?"
The RLI Personal Umbrella Policy - a smart source of protection for your customers.
- Expanded Underwriting
- Excess Unisured/Underinsured Motorists Coverage
- Improved Submission Procedures
- Easy Self-Underwriting Rating System
For more information contact Cindy Munden
NEW CISR COURSE- CISR Commercial Casualty 1
This course strengthens your ability to have productive, assured interactions with customers in the area of commercial casualty exposures and coverages. Improve your understanding of legal liability and what creates liability exposures. With a central focus on the Commercial General Liability Coverage Form this course also addresses additional insured exposures and the coverages available to meet these needs.
This course will be offered in Tulsa on May 1st and Oklahoma City on May 2nd.
CIC Commercial Property Coming to Tulsa
This course will cover Commercial Property Coverages, Commercial Property Causes of Loss Forms, Commercial Property Endorsements, Commercial Inland Marine Coverages, Time Element Coverages, Businessowners Policies, and Difference in Conditions. This course is approved for 20 hours of CE in Oklahoma including 2 hours ethics and 1 hour legislative credit. Click here for more information or to register for this Institute May 15-17.
NEW CISR COURSE IN JUNE- CISR Personal Lines Misc.
This course addresses the exposures created by watercraft, recreational vehicles, and business activities. Prompting clients to identify these exposures is crucial, because the ISO Homeowners and ISO Personal Auto Policies provide very limited coverage. Also provided is an analysis of the coverage offered through personal umbrella or excess liability policies.
This course will be in Lawton on June 5th
, in Tulsa on June 12th
and in Oklahoma City on June 13th
National Security Fire & Casualty Company
Mid-Continent Casualty/Mid-Continent Group
Mercury Insurance Group
Union Standard Insurance Group
Comp Risk Management
Independent Insurance Agents Association of OKC
IIAO Eagle Agency
One General Agency
Specialty Insurance Managers of Oklahoma
Central Insurance Companies
Liberty Mutual Insurance
Midlands Management Corporation
EMC Insurance Companies
Taber Brokerage Services
Patriot National Underwriters, Inc./Old Glory Insurance Company
Columbia Insurance Group
Chubb Group of Insurance Companies
M.J. Kelly Company
National American Insurance Company
State Auto Insurance Companies
Union Mutual Insurance Company
The Hartover Insurance Group
Swett & Crawford of Texas, Inc.
Triangle Insurance Company
Farmers Alliance Insurance Companies
Cornerstone National Insurance Company
Equity Insurance Company
Risk Placement Services
Westphalen Insurance Services
Republic Group of Insurance Companies
Bailey Special Risks, Inc.