PIA Weekly Industry News
Jul. 15, 2015

A U.S Power Grid Breach: Billions in Potential Insurance Losses

Concerns for cyber breaches run from individuals to the largest of institutions. On one end MasterCard says 77 percent of us are worried about the compromise of our financial information. Looking at the larger scale, Lloyd's of London posts that a U.S. power grid attack in the Northeast could end up with a trillion dollars in losses and $70 billion in insurance losses.More

IMF Wants a Federal U.S. Insurance Regulator

The International Monetary Fund (IMF) worries about the U.S. economy. It says in 2015 the U.S. economy will only grow 2.5 percent. That's down from the 3 percent predicted in April. As a result, the IMF is urging the Federal Reserve to not to raise interest rates until the economy is cooking.More

Willis, ACE Mergers: Bad for Consumers? Bad for Independent Agents?

The increasing number of mergers — bigger brokers swallowing up equally big brokers — is a concern. A couple of weeks ago, the Willis Group merged with Towers Watson and ACE purchased Chubb. The Willis merger — in particular — will have an impact on independent agents.More

Gain Exclusive Benefits and Services!

As a PIA member, you gain access to exclusive benefits and services. Are you taking advantage of all that your membership has to offer? Here are a few key benefits and services that you have available. Save time and money.More

Three PIA Western Alliance States Among the Worst to Make a Living

The PIA Western Alliance states of Oregon, California and Montana are among the 10 worst states in which to make a living. That's the conclusion of a new survey from MoneyRates.com who also points out the U.S. really isn't one economy, it's a series of mini-economies.More

Owners/Managers: Employee Connection Not There

A recent Harris Poll has some disturbing news for business leaders, owners, managers, supervisors, etc. You're not connecting with those you supervise. Or so says 91 percent of those surveyed.More

Questions of Cannabis: Insurance, Employers Taking Notice

Recreational marijuana is legal in several states and — if the trend continues and it probably will — more states will follow. Dispensaries for medical marijuana exist in 23 states. Pot can be sold legally for uses other than medical in Washington, Oregon and Colorado.More

The Decision: The People and King V. Burwell

A couple of weeks ago, the U.S. Supreme Court put another nail in the coffin of Republican efforts to end the Affordable Care Act. By a 6 to 3 vote, the court said the subsidies used to purchase health insurance at HealthCare.gov are legal.More

Health Insurance Rates Skyrocket: Is ObamaCare Working?

The proposed 2016 health insurance rates are being tossed around. For those going through the state and federal health insurance exchanges to get their insurance, the hikes will be scary.More

Around the PIA Western Alliance States