The Big I Virginia Winter 2022-23
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WINTER <strong>2022</strong>-<strong>23</strong><br />
<strong>The</strong> <strong>Big</strong> I <strong>Virginia</strong> is a publication of the<br />
Independent Insurance Agents of <strong>Virginia</strong><br />
8600 Mayland Drive, Richmond, VA <strong>23</strong>294<br />
Phone: 804.747.9300 / Toll-free: 800.288.IIAV (4428)<br />
Fax: 804.747.6557 / E-mail: members@iiav.com / Website: iiav.com<br />
IIAV IS AN ORGANIZATION DEVOTED TO<br />
PROMOTING, ENHANCING, SERVING AND<br />
ASSISTING INDEPENDENT INSURANCE AGENTS.<br />
<strong>The</strong> <strong>Big</strong> “I” is a trademark owned by the Independent<br />
Insurance Agents & Brokers of America, Inc. (“IIABA”), and is<br />
being used with the permission of IIABA.<br />
INSIDE<br />
6 Message from the Chairman of the Board Mike Yergey<br />
8 Message from the President & CEO Robert N. Bradshaw Jr.<br />
11 Celebrating 125 Years<br />
12 Message from the State National Director Michael Funkhouser<br />
14 <strong>The</strong> Great Reshuffle and Workers Compensation Frequency<br />
24 IIAV Bids Farewell to Linda Loving<br />
25 Things You Should Know about the IIAV<br />
26 IRV Methodologies, Replacement Cost and Reconstruction Cost<br />
THANK YOU ADVERTISERS<br />
32 Applied Underwriters<br />
auw.com/MoreToLove<br />
8 Berkshire Hathaway<br />
GUARD Ins<br />
guard.com/apply<br />
3 Builders Mutual Insurance<br />
BuildersMutual.com<br />
7 Harford Mutual<br />
HarfordMutual.com<br />
5 Iroquois Group<br />
IroquoisGroup.com<br />
2 Jackson Sumner<br />
& Associates<br />
jsausa.com<br />
For more information on advertising, contact Eric Johnson<br />
Blue Water Publishers, LLC / 9406 N. 107th St., Milwaukee, WI 53224<br />
414-708-2059 / fax: 414-354-5317 / eric@bluewaterpublishers.com<br />
10 Penn National<br />
PennNationalInsurance.com<br />
9 SIAA<br />
31 Summit Holdings<br />
summitholdings.com<br />
IIAV Staff<br />
Robert N. Bradshaw, Jr., MAM<br />
President & CEO<br />
rbradshaw@iiav.com<br />
Cell (804) 929-4134<br />
Teri Chester<br />
Executive Secretary/<br />
Receptionist<br />
& Membership Coordinator<br />
tchester@iiav.com<br />
Joe Hudgins, CPCU<br />
Technical Consultant<br />
jhudgins@iiav.com<br />
Cell (804) 929-4138<br />
Bonnie Joyce<br />
Senior Insurance<br />
Administrative Assistant<br />
bjoyce@iiav.com<br />
Linda Loving, CIC, AISM, AIAO<br />
IIAV Chief Operating Officer<br />
& VFSC Executive Vice President<br />
lloving@iiav.com<br />
Cell (804) 929-4133<br />
Susan E. C. Perkins<br />
Membership/Education<br />
Coordinator<br />
sperkins@iiav.com<br />
Bonnie J. Warren,<br />
ACSR, CPIW, DAE, RPLU<br />
Insurance Account Executive<br />
bwarren@iiav.com<br />
Vera Wooden<br />
Insurance Account Executive<br />
vwooden@iiav.com<br />
Donald W. Bragg,<br />
CPCU, CIC, CPIA, MBA<br />
Director of Membership<br />
& Marketing<br />
dbragg@iiav.com<br />
Melanie DeCola<br />
Insurance Account Executive<br />
mdecola@iiav.com<br />
Debbi Little<br />
Director of Professional<br />
Development and Programs &<br />
Executive Director for VAIA<br />
(804)747-6557<br />
dlittle@iiav.com<br />
<strong>The</strong> <strong>Big</strong> I <strong>Virginia</strong> is a publication of the Independent Insurance Agents<br />
of <strong>Virginia</strong> and is published quarterly by Blue Water Publishers, LLC. <strong>The</strong><br />
Independent Insurance Agents of <strong>Virginia</strong>, Inc. reserves the right in its sole<br />
discretion to reject advertising that does not meet IIAV qualifications or which<br />
may detract from its business, professional or ethical standards. IIAV and Blue<br />
Water Publishers, LLC do not necessarily endorse any of the companies<br />
advertising in the publication or the views of its writers. <strong>The</strong> publisher cannot<br />
assume responsibility for claims made by advertisers, content provided by<br />
the editor, or for the opinions expressed by contributing authors.<br />
4 THE BIG I VIRGINIA WINTER <strong>2022</strong>-<strong>23</strong>