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PIA Western Alliance
California —
Lara & Federal Shutdown: Insurance Commissioner Ricardo Lara strongly urges that insurance companies assist Californians who are affected by the Federal Government shutdown and may face delays in paying premiums or cancellation of policies. The Commissioner is asking insurers to ...
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PIA Western Alliance
See You in Salishan! Sunday, May 5 at 11:30 a.m.
Dave Iwata PIA Memorial Golf Tournament.
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PIA Western Alliance
WELCOME TO
SALISHAN!
The Professional Insurance Agents of Oregon/Idaho surveyed our members and found they are ready for us to host a full 3 day convention and we are thrilled to do so!
We will kick off our new program at the beautifully restored Salishan Lodge, Gleneden Beach, located just a few miles south of Lincoln City on the beautiful Oregon Coast.
We'll make it worth your while with great networking, Golf, fantastic education and information and the best trade show of it's kind showcasing the latest in products and services.
We look forward to seeing YOU!
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PIA Western Alliance
Washington Governor Jay Inslee has submitted the state’s next budget. Out of the budget proposal has come a bill that hugely impacts small business. The first — and most onerous — is a 9% capital gains tax on the sale of a business by a small business owner. The second is an increase in the B&O tax of 66%.
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PIA Western Alliance
Pacific Gas & Electric (PG&E) is going to declare Chapter 11 bankruptcy. The deed will be done before the end of January. The company has been blamed for a bunch of California wildfires — fires that killed dozens of people and burned down thousands of homes and other buildings.
Federal Judge William Alsup — who is adjudicating another PG&E disaster, 2010's San Bruno natural gas pipeline explosion — says he's "tentatively" concluded uninsulated power conductors caused the Camp Fire that destroyed most of Paradise in early November of last year.
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 MKL Agency-Broker.com
MKL has decades of experience in navigating the complicated process of selling insurance agencies - we work tirelessly to find the right buyer for every seller, in all 50 states.
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PIA Western Alliance
Another Look Back at 2018 — Underwriting & More
Posted By staff reporter, 3 hours ago
The American Property Casualty Insurance Association (APCI) and Verisk — a unit of ISO — released a report about the first nine-months of 2018. The biggest positive? The $4.7 billion net underwriting gain.
It is a huge improvement over 2017's $21 billion loss.
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PIA Western Alliance
Late last week the Internal Revenue Service (IRS) and the U.S. Treasury issued final regulations for the so-called Trump Tax Cuts. Insurance agencies are not considered to be a financial service and can take the 20% pass-through tax deduction.
At least the insurance sales part of the business applies. Other services like wealth management, etc. will not likely fit the definition.
PIA National Executive Vice President and CEO Mike Becker calls it a major win for small business. In this case, it is small business as it relates to member insurance agencies and brokerages.
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PIA Western Alliance
The survey is called the 2019 Allianz Risk Barometer. It's an annual look at the worries of business. They range from business interruption to cyber attacks to too many regulations.
This year's survey went to businesses in the U.S. and Canada, Germany, Spain, Italy and China. The top two worries for the biggest majority of businesses — an equal 37% — are business interruption and cyber incidents.
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PIA Western Alliance
Washington Insurance Commissioner Mike Kreidler has banned the sale of illegal insurance policies that carry a National Rifle Association (NRA) brand. He has also issued a fine to two companies selling those policies.
A news release from the commissioner's office said, "The policies were sold through the NRA's Carry Guard program and give upfront money to policyholders for covered costs and expenses related to criminal defense for gun owners, even if the insured subsequently pleads guilty to or is convicted of a crime ...
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PIA Western Alliance
Democrats in a number of states are now working on proposals to pump up and save a collapsing ObamaCare. In the PIA Western Alliance states of California and Washington, Governors Gavin Newsom and Jay Inslee are making plans.
Newsom wants to expand Medicaid to people illegally in the U.S. up to the age of 26. He's also looking at getting a law passed that requires everyone in the state buy health insurance or face a fine. That's similar to the now done away with Individual Mandate of the Affordable Care Act.
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PIA Western Alliance
Every year U-Haul issues a report on who is moving where. What the company can't say is why. That's information for other sources. This report has two sides. The first is the states people are moving to and the second is the top destination cities.
The survey conclusions are based on more than two-million, one-way truck trips. For the third consecutive year Texas is the top destination state followed by Florida, South Carolina, Utah and the PIA Western Alliance state of Idaho. At the bottom of the list is Illinois followed by Michigan and the PIA Western Alliance state of California.
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PIA Western Alliance
In a major win for small-business insurance agencies and brokerages, final regulations issued January 18 by the U.S. Treasury and the Internal Revenue Service (IRS) specifically state that "insurance cannot be considered a financial service" for the purpose of taking the 20% pass-through tax deduction that was passed as part of the tax reform legislation signed into law in late 2017.
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PIA Western Alliance
The PIA Western Alliance is starting Oregon's first young insurance professionals organization. It's called Young Insurance Professionals association (YIP) and board member Shawn Carter of Capital Premium Finance said the purpose of the organization is to offer young agents the opportunity to develop professionally, network with peers, participate in industry activities and make positive contributions to the community.
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7701 Las Colinas Ridge, Ste. 800, Irving, TX 75063
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