Education
Jun 30 CISR Elements of Risk Management Seminar - Phoenix
Jul 7-8 CISR Insuring Commercial Casualty II Live Webinar
Jul 14 CISR Insuring Personal Residential Seminar - Phoenix
Jul 21 CISR Insuring Personal Automobile Seminar - Tucson
Jul 26 E&O Agents Professional Liability (Ethics) Live Webinar
Jul 28 CISR Insuring Commercial Casualty I Seminar - Phoenix
NFIP Key Fundamentals of Flood Insurance for Agents 2.0
NFIP Risk Rating 2.0: Equity in Action Phase II - Renewals
Future webinar dates: July 14 and 26.
ABEN Online CE Courses
Click Here for the full schedule and registrations. New courses continuously added.
My Agency Campus
Insurance Industry Basics - Coverage (PL & CL) and Business Skills for Agents, Brokers and Carriers. Customer Service, Human Resources and Leadership, Employee Benefits along with Risk, Valuation, and Specialty Curriculum.
VIRTUAL UNIVERSITY WEBINARS
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Upcoming Events
Independence Day Holiday
IIABAZ's Offices will close at Noon on July 1st and reopen on Tuesday, July 5th.
Tucson Big I Lunch
July 12, 2022 (Tuesday)
Brother John's BBQ, Tucson
Insult to Injury: Punitive Damages Exclusions
David Seidman, Esq. of Hassett Glasser P.C.
IIABAZ Board Meeting
July 15, 2022 (Friday)
IIABAZ Office, Phoenix
IIABAZ Convention
August 24-25, 2022 (Wednesday & Thursday)
Talking Stick Resort & Trade Show, Scottsdale
- DIFI Director Daniels
- State of the Union Congressional Landscape
- COVID Complications CE
- Banquet with Live Band
- How to Beat E&O Claims Breakfast with Myles Hassett
- The Water Crises
- Autonomous Vehicles and Future Innovations
- Kevin Stipe of Reagan Consulting on Trends Reshaping Insurance
- Lunch with Keynote Coach Burcar
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Bipartisan Budget Finally Passes
In the wee early hours Thursday morning, the State Legislature passed a bipartisan $18 billion budget after a lot of negotiating. Just in time. The passage comes one week before the deadline avoiding a partial state government shutdown.
The budget includes increases to K-12 school spending, university funding, expansion of the Empowerment Scholarship Account and for the Secretary of State to run the 2022 elections. The budget also contains paying down pension debt ($1 billion), investing in water infrastructure ($1 billion over three years), $500 million for border security and getting rid of the state equalization tax rate.
It’s now up to Governor Ducey to sign the budget bills (which he supports) before July 1.
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Delayed Effective Date on Dog Breed Discrimination Law
House Bill 2323 Homeowner's Insurance; Dogs; Nondiscrimination was signed into law by Governor Ducey last month. This bill specifies that the breed of a dog may not be the sole factor considered or used for underwriting or actuarial processes for determining risk, liability or claim losses for dogs on homeowners' or renters' insurance policies. It goes on to state the breed of a dog may not be the sole factor considered or used on any questionnaires, surveys or other means of gathering information regarding ownership or possession of a dog or the presence of a dog on premises insured or to be insured under a homeowner's or renter's insurance policy.
The bill defines the terms of "aggressive", "vicious", "provocation", and "breed" under ARS 11-1025 Liability For Dog Bites and prohibits the breed of a dog from being considered in legally determining whether a dog is aggressive or vicious or has created liability for a dog bite.
The legislation has a delayed effective date of July 1, 2023. It applies only to homeowners' and renters' policies issued or renewed on or after July 1, 2023. The delayed implementation gives insurance companies time to get policy language adjusted, underwriting guidelines changed up and decisions made about moving forward.
We will be releasing more information on how these changes impact producers when we have those details from the insurance companies. In the meantime, nothing has changed for homeowners' and renters' policies on inquiring about the breed of a dog until the law becomes effective next Summer.
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Flooding After Wildfires
2022 is shaping up to be another very active wildfire season and monsoon rains will no doubt once again cause catastrophic flooding along the wildfire burn scars. Concerned about possible flooding, the City of Flagstaff sent out a notice last Friday to residents about the need to purchase flood insurance for areas impacted by the Pipeline Fire.
FEMA has recently released a toolkit to bring awareness to the risks of flood after wildfires and the need for flood insurance. These materials including graphics and talking points are available for insurance producers to utilize in social media, websites, blogs and mailers.
Remember, the NFIP usually has a 30-day waiting period from date of purchase until the flood insurance policy goes into effect. However, there are exceptions including a Post-Wildfire exception and coverages may be expedited with reduced waiting periods.
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With Big “I” Flood partner Selective, quoting flood is quicker than ever. The Auto-Populate feature accesses data from an industry-leading vendor and adds required information to rate National Flood Insurance Program flood policies under RR 2.0. Learn more about this and other ways Selective makes your flood sales experience seamless at iiaba.net/Flood
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New ADOT Auto Insurance Reporting Platform
ADOT Motor Vehicle Division's Mandatory Insurance Reporting System started transitioning over to the Arizona Insurance Verification System (AZIVS) on June 7, 2022.
This transition requires all insurance companies authorized to sell motor vehicle liability insurance to register with the new system by July 19th. Testing phase starts September 1st with production movement deadline on November 7, 2022.
Click here for details from the Arizona Department of Insurance and Financial Institutions.
Mistakes may happen. If an insured is inadvertently missed on an insurance company report, they may go to their AZMVDNow account and go through self certification. This process allows the insurance company a short window for the policy to be reported which will correct the driver's record. They can follow the instructions on the notice they receive from MVD, or they can visit any MVD location or authorized third-party office.
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IIABAZ's 88th Convention
Free Trade Show
August 24-25, 2022
Talking Stick Resort, Scottsdale
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The State of Insurance Agency Technology: Priorities and Challenges Webcast
June 28, 2022 11 a.m. - Complimentary
Insurance agency staff and leaders continue to struggle with technology adoption and implementation. While the events of the last few years moved insurance-technology adoption forward, particularly marketing technology, recent history also underscored the vital role of independent agencies in helping consumers understand and mitigate risk. But the value of creating an engaging digital experience in the insurance business goes beyond online bells and whistles. It’s about maximizing digital tools to turn younger buyers into loyal lifetime customers, creating an industry culture that attracts and retains top talent, and establishing a larger footprint for each independent insurance agency.
Join this complimentary webcast for a discussion with Chris Cline, the newly appointed executive director of the Big I’s Agents Council for Technology. The discussion will help insurance professionals feel empowered to select the right tech tools or adjust their current tech stack to exceed the expectations of today’s insurance consumers. Topics addressed will include:
- Cybersecurity challenges facing insurance agencies as well as the available cyber risk mitigation strategies;
- How insurance agency technology can support business longevity;
- And more!
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Thank You to Arizona Big I's Industry Partners |
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Advocate
Liberty Mutual & Safeco Insurance
Benefactors
AFS/IBEX, a division of MetaBank
BBSI - Barrett Business Services, Inc.
CopperPoint Insurance Companies
Homeowners of America Insurance Co.
Insurors Indemnity Companies
Insurance Agency Network
SECURA Insurance Companies
Travelers
UFG Insurance
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Supporters
Burns & Wilcox
EMC Insurance
IDIQ
Old Republic Surety
Progressive
Friends
Auto-Owners Insurance
B2Z Insurance
Builders
JM Wilson
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Independent Insurance Agents and Brokers of Arizona, Inc.
333 East Flower Street, Phoenix, AZ 85012
Phone # (602) 956-1851 . Toll # (800) 627-3356
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