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T H U R S D A Y , N O V E M B E R 1 3 , 2 0 0 8 Industry News IIABA News
DeVore Joins Communications Department
Veronica DeVore recently joined the IIABA communications department as its new staff writer/editor. In her new role, DeVore will contribute to Insurance News & Views, Independent Agent magazine and other communications department projects. Prior to joining the association, DeVore worked in Minneapolis as a literacy coordinator for AmeriCorps and as an intern and freelancer for publications in Wisconsin, Minnesota and Virginia. She has a B.A. in English and music from Lawrence University. DeVore can be reached at veronica.devore@iiaba.net.
IIABA News
Encompass Insurance Unveils New Contract
Encompass Insurance is rolling out a new agency agreement which includes many enhancements recommended by IIABA.
“IIABA was pleased to have the opportunity to provide input to Encompass on the contract revisions and appreciates the company’s adoption of many suggestions we made,” says Debra Perkins, IIABA executive vice president and general counsel. “Many provisions of the agreement were changed based on IIABA input and demonstrate the company’s strong commitment to the independent agent channel.”
To access the review, go to www.independentagent.com, log on as a member, go to Legal Advocacy and select Contract Reviews. For questions or additional information, contact Perkins at 800-221-7917; debra.perkins@iiaba.net.
Big "I" Markets
New Market to Access: Hunting and Fishing Lodges
The newest addition to the Markel Outdoors Markets is the hunting and fishing lodges product. A Big "I" Markets agent in Texas has already written a lodge through Markel Outdoors. This specialty segment focuses on big game, wing shooting and fly fishing resorts, hunting lodges and southern sporting plantations. Guest activities may encompass a broad range of guided sporting and recreational offerings.
Underwriting Appetite
• Wing shooting - upland bird and waterfowl
• Big game and turkey hunting
• Fly fishing and other types of guided fishing
• Clay target and other range facilities
Ineligible Classes
• Confined or fenced housing (guaranteed trophy)
• Any hunting that is not fair chase
• Coastal property
For coverage details, log on to www.bigimarkets.com and check out the Underwriting & Coverage page for the Markel Outdoors hunting and fishing lodges and plantations product.
Big I AdvantageSM
Could RLI Personal Umbrella Policy Save Your Clients Money?
For clients needing $10 million of personal umbrella coverage, agents often find the total coverage premium for a $5 million RLI umbrella combined with another company’s $5 million umbrella is less expensive than buying a $10 million umbrella. Also, agents might have a client with a carrier that only writes up to $2 million in umbrella coverage, but the client recognizes the need for $5 million of coverage. Consider writing an RLI $3 million PUP in this scenario. Remember, RLI is true umbrella coverage with no requirements on underlying carriers. To start quoting the RLI Personal Umbrella today, visit www.independentagent.com/RLI to locate your state administrator.
Young Agents
Young Agents Spotlight – North Carolina
Congratulations to the Young Agents Committee of the Independent Insurance Agents of North Carolina for completing their Habitat for Humanity project! After raising $70,000 in less than a year and completing construction in five months, the volunteers handed the keys over to the new homeowners on Aug. 23. An ice cream truck was part of the celebration and allowed the family to meet many of their new neighbors. Associate member Tammy Little from CRC Services in High Point, N.C. also donated and decorated the living room and dining room furniture. Great work, North Carolina Young Agents!
Has your Young Agents Committee completed a project or held an event? If so, the National Young Agents Committee wants to hear about it! Please submit Young Agents success stories for the Young Agents Spotlight series to Katie Cosgrove, manager of the Big “I” National Young Agents program, at 800-221-7917; katie.cosgrove@iiaba.net.
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