PUBLISHER ’ S NOTE
KIA & B
Kansas Insurance Agent & Broker
September / October 2021 • Vol . 26 , No . 5
With 320 members across the state of Kansas , we must gather the thoughts and opinions of members on various topics so we can speak with a unified voice . Recently , we shared with members several surveys : one on the overall annual cost members incur for MVR ’ s and the other on minimum auto limits . The responses to these surveys help to craft our position on issues important to our members .
Most of you know I love a good spreadsheet . That ’ s because I always appreciate the data collected ! For example , we had 35 agencies respond to the MVR survey . The results showed that , on average , agencies spent $ 6,500 annually on MVR ' s . Approximately 50 % of their carrier partners pass at least a portion of the MVR cost back to the agency . Last year ' s 20 % price increase on MVRs means agencies are spending $ 1,300 more on average , which is not inconsequential . One of our larger member ’ s costs was $ 50,000 , which means they got dinged with a $ 10,000 increase .
The information we learn from member surveys helps us better serve you . So , I encourage you to keep an eye out for future member surveys and to take a few minutes to complete them .
On the topic of surveys and this edition ’ s focus of cyber security ; data collected from our member renewal profile process showed that nearly 60 % of KAIA members don ’ t have a stand-alone cyber policy . When you look at the agencies with $ 3M in gross written premium and less , that number skyrockets to 74 %. KAIA can offer your agency a cyber liability indication through Coalition , which is also a market that members can utilize for their customers . Agencies are being hacked , and we ' re here to help and we want to be sure you have vital coverages in place .
Stay humble , kind , and thankful ,
OFFICERS OF KAIA President : Doug Smart | doug @ smart-ins . com President-Elect : JoErin Stuteville | joerin @ elliottinsurancegroup . com VP / Treasurer : Lucas Raleigh | lucas @ releighinsurance . biz Secretary / Assistant Treasurer : Kevin O ’ Brien | kevin . obrien @ reillyinsurance . com National Director : Cindy Hower | chower @ kellermaninsurance . com Immediate Past President : Kristy Wilson | kwilson @ kellermaninsurance . com
BOARD OF DIRECTORS Zone I Director : Shawn Myers | Smyers @ kellerlleopold . com Zone II Director : Bryan Schmitz | bryanschmitz @ sbsins . com Director-at-Large : Brock Elliott | Brock @ elliottinsurancegroup . com Director-at-Large : David Vogel | dvogel @ provalueins . com Director-at-Large David Sanders | Dave . Sanders @ imacorp . com Young Agents Chair : Bryce Hundley | bryce @ hundleyinsurance . com
KAIA STAFF & CONSULTANTS Executive Director : Dave Hulcher Chief Operating Officer / General Counsel : Beth Smoller Vice President of Finance : Shannon Bower Director of Business Development : Josh Goodman E & O Program Administrator : Barb Wise Marketing & Communication Manager : Chrissey Breault Prof Development & Events Manager : Karlyn Judd Office Coordinator : Barb Cobuluis Account Managers : Valerie Dunnam & Carolyn Rouse KAIA Lobbyist : Dan Murray
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