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Issue #230 - 12.16.2022

Education


Jan 11 CISR Insuring Commercial Casualty I

In-Person Seminar, Phoenix


Jan 18 E&O: Avoid Going Over the Cliff Ethics

Live Webinar


Jan 19 CISR Other Personal Lines Solutions

In-Person Seminar, Phoenix


Jan 26 CISR Insuring Personal Automobile

In-Person Seminar, Phoenix


Jan 30-Feb 1 P&C Pre-Licensing Plus

Hybrid-Webinar & In-Person Seminar, Phoenix

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Online Live CE Courses

Click Here for ABEN's full schedule and registrations. New courses continuously added.

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NFIP Key Fundamentals of Flood Insurance for Agents 2.0

Part 1: Dec 20 1-3pm - Register

Part 2: Dec 21 1-3pm - Register

Part 1: Dec 21 9-11am - Register

Part 2: Dec 22 9-11am - Register

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Upcoming Events


IIABAZ Office Closed

Christmas Holiday

December 23-26, 2022


New Year's Holiday

December 30-January 2, 2023


IIABAZ Board Meeting

January 27, 2023

IIABAZ Offices at Noon

Click here for details


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New Hire? Onboard successfully with MyAgencyCampus training!

Use Code Gift20 for 20% Discount.

Click Here

Arizona Supreme Court Addressed Depreciation of Labor Expenses on Actual Cash Value Building Losses

The Arizona Supreme Court recently issued an opinion on an issue that has split courts nationwide: may an insurer depreciate labor expenses when issuing an actual cash value payment (“ACV”) payment on a building loss? In Walker v. Auto Owners, the Court unanimously held that under the policy terms at issue, the insurer could not depreciate the cost of labor in determining the ACV for a covered loss.


Read the entire article from Attorney Patrick Gorman's article, with permission, from the Jones Skelton & Hochuli Law Alert.

Arizona Supreme Court Upholds Statutes Limiting Work Compensation Claims for Mental Illnesses

On November 23, 2022, the Supreme Court of Arizona, in Matthews v. The Industrial Commission of Arizona, upheld the constitutionality of Arizona statute 23-1043.01(B), which limits workers compensation claims for mental illnesses to those that arise from an "unexpected, unusual, or extraordinary stress" situation.​


Read the full NCCI article

Big I Leaders Named Top D.C. Lobbyists

The Hill, a prominent political newspaper, has once again recognized the Big “I,” naming Bob Rusbuldt, Big I President & CEO, and Charles Symington, Big I Executive Vice President, among the top trade association lobbyists in Washington, D.C. this year. As in previous years, the Big “I” was the only property-casualty insurance agent or broker group to make the list.


A vital component of the Big I's advocacy efforts is InsurPac. It develops and strengthens relationships with elected officials and candidates for federal office, amplifying the Big I brand on Capitol Hill. Click here for more details.


IIABAZ Holiday Closures

The IIABAZ has released their 2023 schedule of holidays that the Association's office will be closed.


Dec 30, 2022 Pre-New Year’s Eve

Jan 2, 2023 New Year’s Day Observed

Jan 16, 2023 Martin Luther King, Jr. Day

Feb 20, 2023 Presidents’ Day

May 29, 2023 Memorial Day

Jul 3-4, 2023 Fourth of July Holiday

Sep 4, 2023 Labor Day

Nov 22, 2023 Closing at Noon

Nov 23-24, 2023 Thanksgiving Holiday

Dec 22-25, 2023 Christmas Holiday

Dec 29, 2023 New Year’s Holiday


Click here for the PDF Bulletin of our Holiday Schedule.



Economic Inflation, Social Inflation and your Agency

The Big “I" Professional Liability Risk Management team invites all IIABAZ Members to attend a complimentary new webinar, “Economic and Social Inflation: What You Need to Know for Your Agency and Your Clients.


This session will answer the questions: What is economic inflation and what is social inflation? The 30-minute panel discussion will outline the importance of these concepts to your agency and your clients, as well as provide practical advice for your agency staff to avoid errors & omissions allegations and claims.


Join Big “I” Professional Liability and the session panelists, including Beth Whitney, head of the U.S. agents team at Swiss Re Corporate Solutions; Matt Davis, vice president and claims manager, Swiss Re Corporate Solutions; and Jerry Theodorou, director of the finance, insurance and trade policy program, R Street. 


Register now: January 17, 2023 or February 7, 2023


Learn more about agency risk management and review additional resources at E&O Guardian.

Using Tech Tools in the Fight Against Bank Fraud

Insurance agents provide security and protection to their clients on a daily basis, but do you know how to protect your agency from bank fraud? Patricia Smith, InsurBanc's Director of Cash Management, discusses ways criminals attack banking information and the tech tools you can employ to prevent fraud. Click here to read the article.

Cybersecurity Tips Infographic Series

The Agents Council for Technology (ACT) has released its latest tool for independent agents. This three-part, easily digestible infographic series increases cybersecurity awareness for agencies. The interactive PDFs contain helpful reminders, real-world statistics and links to additional free IIABAZ Member resources.   


Visit ACT's Cyber Guide 3.0 website to see the downloadable PDFs today. Also, check out the multitude of other information and resources the Cyber Guide 3.0 site offers.

Big I Leaders Named Top D.C. Lobbyists by The Hill

The Hill, a prominent political newspaper, has once again recognized the Big “I,” naming Bob Rusbuldt, Big I President & CEO, and Charles Symington, Big I Executive Vice President, among the top trade association lobbyists in Washington, D.C. this year. As in previous years, the Big “I” was the only property-casualty insurance agent or broker group to make the list.

Helpful Links

Avoiding the Pitfalls of Holiday Parties

Claudia St. John, President of Affinity HR Group, which is a Big I Partner, shares a quick video about avoiding the pitfalls of holiday parties.

Independent Insurance Agents and Brokers of Arizona, Inc.
333 East Flower Street, Phoenix, AZ 85012
Phone # (602) 956-1851 . Toll # (800) 627-3356