YOUR ASSOCIATION NEWSLETTER · Haulers Insurance Co. HawkSoft, Inc. Houston International Insurance...
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Preferred Comp of Tennessee and Mackinaw Underwriters have partnered to bring exciting new products to valued Insurors members, including: • Medical Malpractice • Monoline GL and Property • Hospitality Program • Liquor Liability • Special Events • Umbrella/Excess Liability • Garage Program • Aviation • Environmental Program • Technology & Professional Liability • Multimedia Liability • Non-profit Management Indemnity The relationship between Meadowbrook and Insurors goes back to 1995 when Preferred Comp of Tennessee (PCOT) was established. PCOT is Meadow- brook’s agency, endorsed by the Asso- ciation. PCOT has been partnering with Insurors for over 20 years, providing work comp insurance solutions for our nearly 500 independent agency mem- bers. PCOT works with any Insurors member, without a contract and premi- um volume commitment, allowing even the smallest agency the ability to provide work comp solutions for their clients. Mackinaw Underwriters, Inc. is a unique insurance organization providing both admitted and surplus lines product solu- Democrats given that 5 House Demo- crats voted for the bill already, and 15 other Democrats introduced a bill in July that would 'phase in' the higher sal- ary threshold over a three-year period. Even if the bill survives the Senate, a Presidential veto is almost certain to fol- low. President Obama released a state- ment strongly opposing any delay in the rule’s effective date, and threatening to veto any such law. Congress likely would not have enough votes to override any such veto." Will we see changes before the December 1st implementation date? It is doubtful but we will moni- tor it closely. As for the ACA marketplace in Ten- nessee, many were sent clamoring with BlueCross BlueShield of Tennessee's (BCBST) announcement to leave the ex- change in the three largest regions of the state. Many wondered about the future of ACA coverage for citizens and the VOLUME 16-20 • FRIDAY • OCTOBER 21 , 2016 Insurors of Tennessee Web: www.insurors.org Ph: 615.385.1898 or 800.264.1898 Fx: 615.385.9303 E-mail: [email protected] © 2016 Insurors of Tennessee. All rights reserved. For Members Only. Page 1 of 4 BULLETIN YOUR ASSOCIATION NEWSLETTER Convention Will Include DOL OT & ACA Updates continued on page 2 continued on page 2 Talk continues about all the ways people will make changes to the Department of Labor overtime rule changes and the ACA marketplace in Tennessee. Howev- er, talk doesn't always amount to action. Although the U.S. House passed a bill to delay the overtime rule changes, actual change is a mere possibility. The Wage & Hour Insights blog may have summed it up best with the following overview. "Before employers start danc- ing in the streets, it is important to understand the significant up- hill battle the bill faces before it could become law. First, the bill must pass the Senate, which will be no easy task. It is very possible that the bill it- self may not even reach the Senate floor for a vote. But if it does, passage of the bill is not highly likely given the current make-up of the Senate (54 Republicans, 44 Democrats and 2 Independents who caucus with Democrats). Indeed, we already know that the DOL’s rule in its current form faces some opposition from Preferred Comp Intros Mackinaw Undw. in TN 123rd ANNUAL CONVENTION OCTOBER 29 - NOVEMBER 1 NASHVILLE ARE YOUR EMPLOYEES EXEMPT BASED ON THE NEW DOL OVERTIME RULE? FIND OUT NOW USING NAVIGATOR OT Visit http://www.insurors.org/IOT/Products_ and_Services/Navigator_Overtime_Compli- ance_Report.aspx to get started DAYS LEFT 8
Transcript of YOUR ASSOCIATION NEWSLETTER · Haulers Insurance Co. HawkSoft, Inc. Houston International Insurance...
Preferred Comp of Tennessee and Mackinaw Underwriters have partnered to bring exciting new products to valued Insurors members, including:
• Medical Malpractice • Monoline GL and Property• Hospitality Program • Liquor Liability• Special Events • Umbrella/Excess Liability• Garage Program • Aviation• Environmental Program • Technology & Professional Liability• Multimedia Liability • Non-profit Management Indemnity
The relationship between Meadowbrook and Insurors goes back to 1995 when Preferred Comp of Tennessee (PCOT) was established. PCOT is Meadow-brook’s agency, endorsed by the Asso-ciation. PCOT has been partnering with Insurors for over 20 years, providing work comp insurance solutions for our nearly 500 independent agency mem-bers. PCOT works with any Insurors member, without a contract and premi-um volume commitment, allowing even the smallest agency the ability to provide work comp solutions for their clients.
Mackinaw Underwriters, Inc. is a unique insurance organization providing both admitted and surplus lines product solu-
Democrats given that 5 House Demo-crats voted for the bill already, and 15 other Democrats introduced a bill in July that would 'phase in' the higher sal-ary threshold over a three-year period. Even if the bill survives the Senate, a Presidential veto is almost certain to fol-low. President Obama released a state-
ment strongly opposing any delay in the rule’s effective date, and threatening to veto any such law. Congress likely would not have enough votes to override any such veto."
Will we see changes before the December 1st implementation
date? It is doubtful but we will moni-tor it closely.
As for the ACA marketplace in Ten-nessee, many were sent clamoring with BlueCross BlueShield of Tennessee's (BCBST) announcement to leave the ex-change in the three largest regions of the state. Many wondered about the future of ACA coverage for citizens and the
volume 16-20 • friday • october 21, 2016
Insurors of TennesseeWeb: www.insurors.orgPh: 615.385.1898 or 800.264.1898Fx: 615.385.9303E-mail: [email protected]
© 2016 Insurors of Tennessee. All rights reserved. For Members Only. Page 1 of 4
BULLETINYOUR ASSOCIATION NEWSLETTER
Convention Will Include DOL OT & ACA Updates
continued on page 2continued on page 2
Talk continues about all the ways people will make changes to the Department of Labor overtime rule changes and the ACA marketplace in Tennessee. Howev-er, talk doesn't always amount to action.
Although the U.S. House passed a bill to delay the overtime rule changes, actual change is a mere possibility. The Wage & Hour Insights blog may have summed it up best with the following overview.
"Before employers start danc-ing in the streets, it is important to understand the significant up-hill battle the bill faces before it could become law. First, the bill must pass the Senate, which will be no easy task. It is very possible that the bill it-self may not even reach the Senate floor for a vote. But if it does, passage of the bill is not highly likely given the current make-up of the Senate (54 Republicans, 44 Democrats and 2 Independents who caucus with Democrats). Indeed, we already know that the DOL’s rule in its current form faces some opposition from
Preferred Comp Intros Mackinaw Undw. in TN
123rd ANNUAL CONVENTION
OCTOBER 29 -NOVEMBER 1
NASHVILLE
ARE YOUR EMPLOYEES EXEMPT BASED ON THE NEW DOL OVERTIME RULE?
FIND OUT NOW USING NAVIGATOR OTVisit http://www.insurors.org/IOT/Products_and_Services/Navigator_Overtime_Compli-
ance_Report.aspx to get started
days left
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Longtime Insurors Associate Member, C. Vaughn Leslie passed away on Octo-ber 10th at age 71. He was the founder of Appalachian Claims Service, and held offices in the Knoxville and Tennessee Claims Associations, Blue Goose and NAIIA. See more info at http://www.rosemortuary.com/obituaries/C-Leslie-Jr
Bulletin Vol. 16-20 October 21, 2016
© 2016 Insurors of Tennessee. All rights reserved. For Members Only. Page 2 of 4
The Nashville local board will host their Fall luncheon on Thursday, November 10th at 11:30 am CST. The luncheon will also include the group's annual food drive to benefit Tom Joy Elementary School. Nonperishable food items or grocery gift cards are welcomed.
Speakers will include Ashley Gold, Insurors General Counsel, and Allen Grant, managing partner at Eraclides Gelman. Register now or get more info at https://www.eventbrite.com/e/insur-ors-of-nashville-membership-luncheon-tickets-28396083450
Insurors of Nashville Fall Luncheon on 11/10
Convention Will Include DOL OT & ACA Updatescontinued from page 1
role of agents. We have been in discus-sions with the Department of Commerce and Insurance as well as BCBST, and we should have some updates soon.
Where can you hear the latest updates on these two pressing issues? At the In-surors 123rd Annual Convention, taking place October 29th - November 1st at the Omni Nashville. During our DOL Over-time breakout session on Monday, Octo-ber 31st at 10:30 am CST, we will discuss any updates to the OT rule, and an update on the ACA in Tennessee and how things might be changing moving forward. Get more info or register now at http://www.insurors.org/IOT/Convention/IOT/Con-vention/IOT_Convention_Home.aspx
In August, NCCI published notice that its servicing carrier selection process for 2017 was finalized. The servicing car-riers effective January 1, 2017 through December 31, 2019 in Tennessee will be:
• LM Insurance Corporation• Technology Insurance Company• Travelers Property Casualty Com-
pany of America
Additionally, although Travelers will now function as a Serving Carrier be-ginning in January, they are also under contract to service business (providing policy issuance, claims, audit and loss control services) for the following seven Direct Assignment carriers:
• Ace American Insurance Company• American Zurich Insurance Co.• Auto-Owners Insurance Co. (new)• Builders Mutual Insurance Co. (new)• Cincinnati Insurance Company • Continental Casualty Company • Hartford Underwriters Insurance Co.
For more information, please visit the NCCI Tennessee resource page at https://www.ncci.com/Articles/Pages/II_TennesseeResources.aspx
NCCI Servicing Carriers
continued on page 4
2016 Trade Show Set w/ Record 85 ExhibitsThis year's trade show at the Insurors 123rd Annual Convention will be the largest in Association history, as 85 ex-hibitors will be on hand to meet with agent attendees and discuss their prod-ucts and services. The trade show will be held on Sunday and Monday during the event, taking place October 29th - No-vember 1st at the Omni hotel in down-town Nashville. Take a look at our cur-rent list (as of 10/17):
AccuAgencyAccuWorks - Restoration Service ExpertsAllstar UnderwritersAmerisafeAmFed CompaniesAmTrust North AmericaApplied UnderwritersArcus RestorationArgos GroupArlington/RoeAtlantic Specialty Lines, Inc.Atlas GeneralBailey Special Risks, Inc.Berkley Southeast Insurance GroupBerkshire Hathaway Guard InsuranceBerkshire Hathaway Homestate Co.Burns & Wilcox, LtdCapitol Special Risks, Inc.Celina Insurance GroupCHUBBCincinnati Intermediaries LLCCNA Commercial InsuranceCompTrust AGCCornerstone National Insurance Co.Country Living InsuranceDovetail InsuranceEmergency Restoration ServicesEncompass InsuranceEZLynxFCCI Insurance GroupFrancis L. Dean & AssociatesFrankCrum, Inc.GAINSCO Auto InsuranceGenesee GeneralHarbor America EastHarford MutualHaulers Insurance Co.HawkSoft, Inc.Houston International Insurance Group
continued from page 1
Preferred Comp Intros Mackinaw Undw. in TN
tions. Mackinaw Underwriters became part of Meadowbrook Insurance Group, Inc. in October 2015, and is committed to providing competitive coverage solu-tions.
Meadowbrook Insurance Group is pleased to develop this new partnership between the two divisions to bring Insur-ors members expanded product offerings.
Send your submissions directly to [email protected] or for more in-formation, please contact Keller Chap-man at [email protected] or call him at 615.514.5562.
In Memoriam - Assoc. Member Vaughn Leslie
Bulletin Vol. 16-20 October 21, 2016
© 2016 Insurors of Tennessee. All rights reserved. For Members Only. Page 3 of 4
123rd ANNUAL CONVENTION
OCTOBER 29 -NOVEMBER 1
NASHVILLEJOIN US AT THE OMNI IN NASHVILLE FOR:
EXHIBITS • NETWORKING • ENTERTAINMENT
EDUCATION • AND MORE...
ONLINE REGISTRATION IS NOW OPENVISIT INSURORS.ORG TO
REGISTER NOW
THE PREMIER EVENT FOR
TENNESSEE INDEPENDENT AGENTS
VIEW THE FULL SCHEDULE OF EVENTS NOW AT INSURORS.ORG
Bulletin Vol. 16-20 October 21, 2016
© 2016 Insurors of Tennessee. All rights reserved. For Members Only. Page 4 of 4
Feds Still Discussing Work Comp OversightA recent report from the U.S. Depart-ment of Labor (DOL) criticizes state workers compensation systems and sug-gests increased federal oversight may be necessary. The Big “I” opposes federal regulation of insurance, including fed-eral regulation of state workers' compen-sation systems.
The report contends that state work-ers compensation systems are failing to provide workers with adequate benefits. It further suggests a race to the bottom in state laws, citing recent legislative ef-forts in some states to restrict workers compensation benefits, including Opt-Out bills in Tennessee and South Caro-lina – neither of which were passed.
While the report suggests considering in-creased federal oversight, it does not out-line specific plans. However, Sen. Sher-rod Brown (D-Ohio) told NPR that he will work with his colleagues on legislative options, such as possible minimum stan-dards for work comp systems, to address the DOL’s findings in the next Congress. Read more at http://www.iamagazine.com/news/read/2016/10/13/feds-consider-regulation-for-workers-comp
Dept. Bulletin on GLBA Annual Privacy NoticesLast month, the Tennessee Department of Commerce and Insurance released a Bul-letin clarifying their views on the changes to the Gramm-Leach-Bliley Act (GLBA) which eliminated the need for annual pri-vacy notices with certain exceptions.
It is the Department's opinion that licens-ees of the Department are subject to the GLBA do not need to provide annual pri-vacy notices, unless they:
• Provide information to third parties not in accordance with TN Regula-tions, or
• Change their policies and practices regarding releasing personal info.
continued from page 2
2016 Trade Show Set w/ Record 85 Exhibits
Convention Sponsors PLATINUM
Consumers Ins./Motorists Ins. Grp.Cornerstone National Insurance
GOLD
ACUITYAmTrust North AmericaArlington/RoeBailey Special RisksBerkley Southeast Insurance GroupBlueCross BlueShield of TennesseePenn National Insurance Co.Preferred Comp/MeadowbrookProgressiveTravelers
SILVER
Burns & WilcoxCentral Insurance CompaniesCNA InsuranceDonegal InsuranceFCCI Insurance GroupGrange Insurance The Hanover Insurance CompanyImperial PFSINSBANKJohnson & JohnsonKeystone Insurers GroupLiberty Mutual/SafecoNationwide InsuranceSecureRiskSouthern Insurance UnderwritersState Auto Insurance CompaniesStonewood Insurance CompanySwiss Re Corporate Solutions
BRONZE
Accident Fund Insurance CompanyAuto-Owners Insurance BITCO Insurance CompanyCHUBB Inusrance CompaniesColumbia InsuranceFFVA MutualHaulers InsuranceICW GroupKentucky NationalMarkel SpecialtyMetLife Auto & HomeMountain Empire Agency AllianceNCCISagamore InsuranceSouth & WesternSouthern TrustSummitTowerstoneUnited Fire Group
Hull & CompanyIDEAL Marine InsuranceImperial PFSINSBANKInsurance House IncInsuror Services LLCJ.M. Wilson - NCJohnson & JohnsonMain Street America GroupMAPFREMarkel SpecialtyMarket Finders Insurance Corp.Martin & Zerfoss Inc.McGowan Companies, TheMotorists Insurance GroupMountain Empire Agency AllianceNation Safe DriversNational Alliance for Insurance Ed.National Security Fire & Casualty Co.Nationwide InsurancePartner XE - SISPatriot NationalPhiladelphia Insurance CompaniesPreferred Comp - Meadowbrook Ins.Premium Assignment CorporationPrime Insurance CompanyRisk Innovations, LLCRisk Placement Services of LexingtonRyan Specialty GroupSafehold Special RiskSafeway InsuranceSenior Market AdvisorsSouth & WesternSouthern Insurance Underwriters, Inc.Southern TrustStonewood InsuranceSuretyGroup.comSwiss Re Lawyers' Professional LiabilityTAPCO Underwriters, Inc.Tennessee Valley Group, Inc.TravelersU S E&O BrokersWestfield InsuranceWillis ProgramsWork At Home Vintage Experts (WAHVE)
More convention info, including an up-dated schedule of events, is available online now at http://www.insurors.org/IOT/Convention/IOT/Convention/IOT_Convention_Home.aspx
