Volume 2, Issue 7  FEDERAL REGULATORY FINANCIAL REFORM LEGISLATION SIGNED BY PRESIDENT OBAMA
On July 21st, President Obama signed H. R. 4173, the Dodd-Frank Wall Street Reform and Consumer Protection Act into law. The new law is in response to the last two years of financial crisis and is intended to produce profound changes and additional consumer protection oversight in certain financial sectors.
Even with the sweeping reforms contained in the law, the insurance industry has been left relatively unscathed and untouched. Congress did not dismantle state regulation of insurance and this represented a significant victory for independent agents. The Independent Insurance Agents and Brokers of America (IIABA) was the chief association leader in achieving these victories!!
One of the industry’s major accomplishments in the new law is the inclusion of regulation of surplus lines brokers and insurers with much needed reform by eliminating duplication of state regulations and placing regulatory control in the insurers’ home state. This provision is a major component of the “Big I’s” targeted federal regulatory reform policy!!
Click here to review the full 14 page analysis of the new law prepared by the “Big I”
STATE LEGISLATIVE SESSION WINDING DOWN WITH GOVERNOR’S SIGNATURE ON MANY BILLS IIABNH tracked 111 pieces of legislation during the 2010 legislative session in New Hampshire. All but 8 pieces of legislation have been acted on and all tracked legislative action are included as links to this Agent Digest
Legislative tracking summary of all bills followed click here… Bills in Interim Study click here… Bills defeated click here… Bills laid on the table click here… Bills introduced by the Department of Insurance (DOI) and their status, click here… Bills that passed and their effective dates and chapter numbers, click here… IIABNH INSURANCE POLITICAL ACTION COMMITTEE (IPAC) SUPPORTS BUSINESS ORIENTED CANDIDATES Several candidates for state representative or state senator that have showed an interest in lower business taxes, promoting economic development, holding the line on deficit spending, and voted against an increase in the premium tax have received PAC support from IIABNH. IIABNH also supports its own members that decide to run for elective office.
Will Infantine of Aspen Insurance in Manchester, candidate for re-election for state representative, and currently Chairman of the IIABNH legislative Committee has received our support! IIABNH has endorsed Will.
Ray White of Cornerstone Benefits in Bedford, long time supporter of the “Big I” and a participant in many of our association programs is running for the state Senate seat in the 9th Senate district. This is the seat being vacated by long time Senator Sheila Roberge. IIABNH is pleased to endorse Ray for the Senate based on his pro business stance on issues and his knowledge of the insurance industry!
Click here for a personal letter from Ray asking for your support
Campaign flyer!! COMPANY NEWS CONCORD GROUP ANNOUNCES TWO APPOINTMENTS John Natale has been elected to Vice President –Marketing and Corporate Treasurer and Michael P. Nolin has been appointed Vice President of Underwriting according to Linda Day, Chairman and CEO of the Concord Group. Both promotions are effective immediately.
VERMONT “BIG I” HIRES NEW CHIEF STAFF EXECUTIVE…
Joe Normandy has been hired as the new Executive Vice President of the Vermont Insurance Agents Association effective July 1st. Joe replaces long time association chief Bob Coyle who announced his retirement. Joe has a long history in association management, and roots in New England. ASSOCIATION NEWS AND EVENTS TRUSTED CHOICE TO BE THE “BIG I” INDEPENDENT AGENT NATIONAL BRAND Trusted Choice has been officially adopted by the “Big I” in New Hampshire as the independent agent’s national brand. Effective September 1, 2010 all agencies that are members of IIABNH will be Trusted Choice (TC) agencies, and will be supported by a national advertising campaign, state wide branding campaign, and several incentive programs to assist in adopting a new logo and promoting the Trusted choice concept!! Click here to view the new national/state TC logo! Complete roll out of the new brand, logo, and related activities will take place at the IIABNH annual meeting October 26th at the Wentworth Hotel in New Castle, NH. A full explanation of Trusted Choice is included in the 2010 IIABNH dues billing which is being mailed to members the week of July 26th!
NEW HAMPSHIRE HIGH SCHOOL STUDENT RECEIVES INVEST SCHOLARSHIP
Rachel Jenkins of Spaulding High School in Rochester received a $500 scholarship from the national Invest Program. Rachel is one of 58 students from 6 states that were chosen for the award! Spaulding High School is a long time participant in the national Invest Program which is designed to interest high school students in insurance careers.
IIABNH MEMBERS APPOINTED TO NATIONAL COMMITTEES
Tom Minkler of Clark-Mortenson insurance Agency in Keene has been re-elected to the national executive committee of IIABA…Heather Minkler of Clark-Mortenson Agency in Keene has been appointed national Chairman of the Board of Directors of the “Big I” Invest program…Dean Merrill of Toby-Merrill Insurance Agency in Hampton continues as the IIABNH national director and has also been elected to serve on the national Trusted Choice Board of Directors…Bob Nash, IIABNH President has been re-appointed to the Professional Liability Committee and the Contract Negotiating Committee for the Westport E&O contract…
UPCOMING CLASSES
Contractual Liability and Additional Insureds August 25 – seats are going fast!!
Register online
Registration form
ACSR 6 - Commercial Property Insurance September 8
Register online
Registration form
ACSR 4 - E&O Loss Control September 14
Register online
Registration form
AAI 82 A - Commercial Liability Insurance September 15
Register online
Registration form
ACSR 2 - Personal Auto September 16
Register online
Registration form
How Do You Spell Personal Umbrella? September 21
Register online
Registration form
Gone With the Wind...A Study in Business Income September 23
Register online
Registration form
Quarterly Education Calendar
Register on-line, by fax, by mail, by phone view calendar
EVENTS & MEETINGS
IIABNH Annual Meeting October 26 – 28, 2010
Wentworth by the Sea - New Castle, NH
IIABNH Board of Directors Meeting October 26, 2010
Wentworth by the Sea - New Castle, NH
IIABNH Board of Directors Meeting January 13, 2011
Concord
IIABA Board of Directors Meeting January 19 - 24, 2011
Palm Springs, CA
IIABNH Mid-Year Meeting April 6 - 7, 2011
Crowne Plaza - Nashua, NH
IIABNH Board of Directors Meeting April 7, 2011
Crowne Plaza - Nashua, NH
National Association of Insurance Women (NAIW) April 7 - 11, 2011
King of Prussia, PA
IIABA Legislative Conference April 13 - 17, 2011
Washington, DC
IIABNH Trusted Choice Golf Tournament June 14, 2011
Candia Woods - Candia, NH
IIABNH Board of Directors Meeting July 14, 2011
Concord
IIABA Board of Directors Meeting September 14 - 18, 2011
Minneapolis, MN
IIABNH Annual Meeting September 19 - 21, 2011
Church Landing - Meredith, NH
IIABNH Board of Directors Meeting September 19, 2011
Church Landing - Meredith, NH
NH Insurance Department E-Newsletter...read here NEW....The NH Insurance Department will no longer be printing and mailing paper Producer or Adjuster licenses effective April 1, 2009. Read the complete Licensing Bulletin here. | 
professional development classes individually or by the quarter. Select a quarter and you'll see an overview for all the classes that will be offered for that three month period. Click on "Registration Form" and you can sign up for as many classes as you like without having to do an individual registration for each class. If you prefer signing up for one class at a time, or have a particular class you'd like to take, then go to the Full Education Calendar where you can sign up online or print out a registration form to mail or fax.