This message was sent to ##Email##
|
|
|
|
|
PIA Western Alliance
U.S. District Judge John Bates has blocked Aetna's $37 billion deal to purchase Humana. In his decision, the judge said the transaction violates anti-trust laws and will reduce competition in the health insurance industry if allowed.
And then to add insult to injury, the judge agreed with Humana’s purchase caveat that says Aetna owes it a $1 billion breakup fee that was in the merger agreement. Aetna's T.J. Crawford says the company will likely appeal. "We're reviewing the opinion now and giving serious to consideration to an appeal after putting forward a compelling case," he said.
READ MORE
PIA Western Alliance
The Property Casualty Insurers Association of America (PCI) and ISO — a Verisk Analytics company — said the first nine months of 2016 wasn't all that much fun for insurers. At least those months weren't when compared to the same time period in 2015. And the reasons are many ranging from underwriting troubles to increased catastrophe losses to falling reserves.
READ MORE
PIA Western Alliance
Republicans are already moving in Congress to repeal the Affordable Care Act. Critics say without a replacement in place first at least 18 million people will lose their health insurance. President Trump has vowed — to the chagrin of hardcore Republicans — to make sure all Americans have health insurance.
Just how he'll do that is a mystery worthy of master sleuth Sherlock Holmes.
READ MORE
|
Promoted by
|
|
|
|
 |
PIA Western Alliance
The National Centers for Environmental Information (NCEI) said there were 15 disasters defined as weather or climate caused in the United States in 2016. The NCEI report further defines the 16 as causing $1 billion or more in insured and uninsured losses.
READ MORE
PIA Western Alliance
Life is good in the nine PIA Western Alliance states. In fact, it's so good in Oregon, Washington, California, Montana, Idaho, Nevada, New Mexico, Arizona and Alaska that five of the states are in the nation's top 10 destinations for those looking to relocate.
READ MORE
PIA Western Alliance
The industry is desperately worried about replacing the plethora of experienced insurance professionals that will retire this year. The loss of experience and know-how alone is frightening. Also of concern is the growing workload. As an industry, we're all — or at least a huge percentage of us — are at job overload.
READ MORE
| |
MISSED AN ISSUE OF PIA WEEKLY INDUSTRY BRIEF? VISIT AND SEARCH THE ARCHIVE TODAY. |
PIA Western Alliance
California Insurance Commissioner Dave Jones has issued a noncompliance notice to State Farm and — if it goes through — it's going to be expensive. This all comes from a December of last year order when Jones told the company to cut rates for homeowners and renters.
READ MORE
PIA Western Alliance
Last week Marsh U.S. Casualty Practice issued its 2017 predictions in a report called The U.S. Casualty Insurance Market in 2017: 10 Trends to Watch. The focus is more technology than anything.
Marsh says the main thing insurers are going to take notice of in 2017 is the Internet of Things or IoT. Consumers are increasingly purchasing items that have that all important "connectivity" and insurers are also growing more interested in what can be done with the concept to boost profitability.
READ MORE
PIA Western Alliance
READ MORE
|
Missed last week's issue? See which articles your colleagues read most.
|
|
Don't be left behind. Click here to see what else you missed.
|
|
|
|
|
|
|
|
|
|
7701 Las Colinas Ridge, Ste. 800, Irving, TX 75063
|
