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Berkshire Hathaway: The next US economic system risk designee?
The Financial Stability Oversight Council is charged — via the Dodd-Frank Act — of determining which large corporations pose the most danger to the U.S. economy should they collapse. A systemically risky designation means a company has to go through all kinds of regulatory hoops that then is overseen by the Federal Reserve. At the designation point, the Federal Reserve will require strict capital, leverage and liquidity requirements and a detailed plan to unwind the company if a crisis hits.
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 PIAW Happenings


PIA Oregon/Idaho's 2nd Annual EXPO
PIA Oregon/Idaho presents the 2nd Annual EXPO. This is an all-encompassing, business-to- business and education program for agents, agencies, companies and company personnel.

June 17-18
Red Lion Hotel on the River
Jantzen Beach
Portland, Oregon

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NFIP California feature: Preparing for winter rainy season
(The National Flood Insurance Program asked that we share this article with our California members. The NFIP also sent one for our Pacific Northwest members.)

With winter rainy season in full swing, it's time to talk to your clients about their flood risk. As an agent, you can ensure that they are covered for floods. Everyone is at risk for flooding, even during the winter months. Whether your clients live in a high-risk flood zone or a moderate- to low-risk flood zone, encourage them to be financially prepared by purchasing flood insurance.

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 Industry News from PIA Western Alliance


Analysis: Federal involvement in insurance regulation
The Federal Insurance Office recently released an insurance modernization report stating that states and state insurance regulators need to work with the federal government on insurance regulation. As you know, states currently regulate the industry of insurance.
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GAO report: Private insurers insuring flood
The push to reform of the flood insurance Biggert-Waters Act continues. Congress tacked on a one-year delay to some of the flood insurance increases in its $1.1 trillion federal budget. But one year isn't enough for some in the Senate wanting it to be done in four years.
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KBW: Rate jump slowing but not surprising
Keeve, Bruyette & Woods is a little worried about the slowdown of insurance rate increases. The slowing momentum is not surprising to KBW and it sees catastrophe and loss-cost inflation returning to normal. Some groups, such as the ISO and Property Casualty Insurers Association of America, have released third quarter information showing net income after taxes rising to $43 billion. A big part of that rise is a $10.5 billion gain in underwriting.
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PRODUCT SHOWCASE
  Who wants to eliminate their deductible?

A new Deductible Reimbursement Insurance is now available to all residents of the Western Region (except Alaska). Licensed insurance agents may now sign up on the ZeroDeductible website and offer deductible reimbursement insurance to their clients directly for their auto, home and boat policies.

Click here
to learn more!
 


Aetna CEO on Obamacare, healthcare
Aetna CEO Mark Bertolini recently let it all hang out about the Affordable Care Act and rising medical costs. He wasn't positive about it either.
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A growing challenge: Insurance fraud
The National Crime Insurance Bureau continues to worry about increasing insurance fraud. NCIB spokesman Roger Morris said the top concerns for 2014 are medical insurance fraud, auto insurance fraud and workers' compensation fraud. He says medical and work comp fraud is trending highest compared to other types of insurance fraud crimes.
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Biggert-Waters flood reform delay push part 2
Recently, Congress passed a $1.1 trillion federal budget. In that bill are changes to the Biggert-Waters Flood Insurance Reform Act. It delays the flood insurance increases for some properties for a year and has a few other tweaks to the law. Key words to note that proponent more changes to the Biggert-Waters reform are "some properties" and "a year."
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TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

    2014 predictions from the annual III forum (PIAW)
By the numbers: The uninsured and the House (PIAW)
Obamacare: Enrollment problems but insurers optimistic (PIAW)
Ideas to promote your LinkedIn profile (By Mayur Kisani)
US Chamber: Obamacare repeal crusade over (PIAW)

Don't be left behind. Click here to see what else you missed.


Drought disaster — growing
Recently, California Gov. Jerry Brown declared an emergency in his state because of drought conditions. The water shortage and very little snowpack in the mountains had reached crisis proportions in California — a PIA Western Alliance state — along with neighboring PIA Western Alliance states to the north in Oregon and Washington.
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An Obamacare positive — sort of
The January Gallup-Healthways Well-Being Index poll said the number of people without insurance fell to the lowest level since the end of 2012. The number of uninsured people in the country is 16.1 percent compared to 17.3 percent in December. This is a 1.2 percent drop.
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Cover Oregon: An Obamacare exchange horror story
Like all state exchanges and the federal government exchange, Cover Oregon — Oregon's Affordable Care Act exchange — was supposed to be up and running in October. It still is not working.
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Obamacare enrollment is rising, but age of registrants a problem
The Department of Health and Human Services recently released the January Affordable Care Act registrants. They number 800,000, bringing the total number to nearly 3 million since Oct. 1. The administration's goal is to have it close to 7 million by March 31.
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Looking for similar articles? Search here, keywords OBAMACARE.


FEATURED ARTICLE
TRENDING ARTICLE
MOST POPULAR ARTICLE
Patients' costs skyrocket; specialists' incomes soar
The New York Times
A seemingly minor medical problem — a patient diagnosed with the least dangerous form of skin cancer — racked up big bills because it involved three doctors from specialties that are among the highest compensated in medicine — and it was done on the grounds of a hospital.

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Ideas to promote your LinkedIn profile
By Mayur Kisani
LinkedIn, with its user base of 260 million-plus professionals worldwide, has become a hub for business people from all walks of life who are on the lookout for new opportunities.

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'Risk corridors' in Obamacare aren't an insurance industry bailout
Forbes
Government policies designed to offset the financial losses that the health insurance companies will incur in Obamacare are being labeled a bailout. But these schemes are really a planned subsidy.

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Another Obamacare suit rejected — an appeal filed
The plaintiffs are Jacqueline Halbig — who was a senior advisor to the Bush administration on health matters — and several businesses and healthcare advocates. They filed a lawsuit saying the Obama administration — via the IRS — is illegally implementing the Patient Protection and Affordable Care Act in the 36 states that refused to set up a health insurance exchange.
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An interesting study: Wind vs. water
The Texas Windstorm Insurance Association currently is doing an interesting study. It's one in which conclusions will be of strong interest to the National Flood Insurance Program, insurers and insurance agents writing flood insurance policies. The group's panel of experts is looking at methods to determine property loss when it comes to wind verses water.
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Google Glass: A very important court driving decision
Cecilia Abadie is thought to be the first person given a ticket for wearing Google Glass while driving. For those not knowing much about Google Glass, all of the features you love about your smartphone are found in a pair of glasses worn by the user. You can see why police and traffic officials are concerned.
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Wedding insurance: More people saying I do
Insurers now sell a variety of wedding insurance policies. They protect against extreme weather, illness and even — gasp — a change of heart on the part of the bride or groom. When you consider the average wedding can cost nearly an astronomical $26,000, wedding coverage may make sense for some couples.
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 News You Can Use


Need for speed: Improving website load times can boost your business
By Stephanie Studer
People are impatient. A sweeping statement? Sure. But consider that Google engineers noticed in 2012 that a delay as short as 400 milliseconds was enough to drive visitors away from a website. To put that in perspective, that is roughly twice as long as it takes to blink. No matter what you hope to gain from your online presence, whether it's sales or SEO, you can't expect to get it if your page loads at a snail's pace. So let's speed things up with a few simple tricks that are easy to implement.
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 Around PIA Western


Around the PIA Western Alliance States

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PIA Weekly Industry News
Colby Horton, Vice President of Publishing, 469.420.2601
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Rebecca Eberhardt, Content Editor, 469.420.2608   
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Gary Wolcott, Writer for PIA Western Alliance, 503.724.9028   

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