This message contains images. If you don't see images, click here to view.|
Advertise in this news brief.
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.
| Share this article:
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
Red Lion Hotel on the River
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
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.
| 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.
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.
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.
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.
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.
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."
Missed last week's issue? See which articles your colleagues read most.
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.
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.
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.
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.
| Looking for similar articles? Search here, keywords OBAMACARE.|
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.
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.
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
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.
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.
Around the PIA Western Alliance States
7701 Las Colinas Ridge, Ste. 800, Irving, TX 75063