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PIA National's Federal Legislative Summit — be there!
Every year in the spring, PIA members converge on Washington, D.C., and reconnect Main Street with Capitol Hill. It's called the PIA Federal Legislative Summit. This year, the convergence is March 26-27.

Here's a link to give you more information: www.pianet.com/grassroots/pia-federallegislative- summit.

The annual 14th Annual PIA Federal Legislative Summit will have you advocating on a host of issue ranging from flood insurance and healthcare to insurance regulation. A briefing the day before includes these issues and overviews of TRIA renewal and crop insurance, as well as other priority issues for Congress.
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 PIAW Happenings


PIA National working for you: Crop insurance
The Senate overwhelming approved the farm bill on Feb. 4. Three days later, President Barack Obama signed the nearly $1 trillion measure into law in a barn on the campus of Michigan State University. Passage of the farm bill caps years of controversy.
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PIA National responds to FIO congressional hearing
Federal Insurance Office Director Michael McRaith faced skepticism when he appeared on Feb. 4 before the House Subcommittee on Housing and Insurance. His appearance was to discuss the FIO's much-delayed report on regulatory modernization and hints that the federal government needs more of a role in insurance regulation.
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 Industry News from PIA Western Alliance


Auto insurers and marriage definition
Insurers think married people are better drivers. Traditionally married people are given hundreds of dollars in savings a year by auto insurers. As you may know, the definition of marriage is changing in the U.S. and gay rights activists and some federal agencies are examining how insurers define marriage. The question is why married, heterosexual couples get discounts that gay couples do not? Taking it a step farther, some heterosexual couples that aren't married are asking the same question.
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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!
 


Obamacare from a nonhealth insurance insurance perspective
Travelers put out a white paper on the impact of the Patient Protection and Affordable Care Act on insurance other than health. It is titled the "ACA and its Potential Impact on the P&C Industry." The bottom line in the report is that insurers will see an increase in medical care costs for auto accident patients, an increase in health insurer subrogation liens and the potential of delays in treatment for work comp claims.
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Flood insurance reform reforms: The House will move
The controversy surrounding the Biggert-Waters National Flood Insurance Program flood insurance rate raising reforms continues. Some say the rate hikes harm poorer homeowners in some areas. That problem got the U.S. Senate to delay the increases for four-years via the Homeowner Flood Insurance Affordability Act of 2014 (S. 1926).
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Small business: 2014 will be better
Insperity is a human resources and business performance consulting firm. The company recently published its 2014 Business Confidence Survey. Here's how small business looks at 2014.
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TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

    PIA pressures Oregon Legislature on Cover Oregon (PIAW)
Cover Oregon's woes growing (KATU-TV and OregonLive via PIA Western Alliance)
Winter weather leads to costly insurance losses (PIAW)
States enroll prisoners in Obamacare (PIAW)
The Affordable Care Act unaffordable for small business (PIAW)

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


Insurers: A lot of Obamacare enrollees aren't paying
Insurers continue to worry — as does the Obama administration — whether enough people will enroll in the insurance exchanges to make the Affordable Care Act viable. The administration says enough people are enrolling. Maybe.
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2013 costly disasters
As most of you know, catastrophe payouts in 2013 for insurers were high but not as high as usual. Insurance Information Institute President Dr. Robert Hartwig is an economist. He recently went through the 2013 catastrophe figures from CoreLogic and came to some conclusions. Here's a breakout of the biggest payouts of 2013.
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D&O lawsuits on failed financial institutions up
Cornerstone Research has released a report with a nice long name, such as many of these types of reports possess. The report's title is "Characteristics of FDIC Lawsuits against Directors and Officers of Failed Financial Institutions — February 2014." The D&O suits involving the Federal Deposit Insurance Corporation and failed financial institutions hit 40 in 2013. That compares to 26 in 2012. The 54 percent increase is scary but most involve the failure of institutions in 2009 and 2010. There were 140 failures in 2009 and 157 in 2010.
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Looking for similar articles? Search here, keyword FDIC.


FEATURED ARTICLE
TRENDING ARTICLE
MOST POPULAR ARTICLE
Insurance industry raises questions about new Obamacare enrollment numbers being 'inflated'
Fox News
The Obama administration's latest rosy scenario about 3.3 million consumers signing up for health care plans is facing skepticism from top insurance industry officials, who estimate that somewhere in the range of 10 to 25 percent of those "enrollees" actually have not yet paid their premiums and are not fully enrolled.

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CBO on Obamacare: Does it destroy jobs?
PIAW
Recently, the Congressional Budget Office released a study of the Affordable Care Act — aka Obamacare — and concluded as the ACA is implemented the number of full-time workers will drop by 2 to 2.5 million. The biggest impact will be felt by 2016.

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Crop insurance industry aims to build on past successes
Agri-Pulse
Just days after President Barack Obama signed a new five-year farm bill, members of the crop insurance industry celebrated the strides they made in establishing this public-private partnership as the new cornerstone of federal farm policy.

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December insurance jobs revision
Insurance finished 2013 with mixed job growth results. Dr. Robert Hartwig — who heads up the Insurance Information Institute — goes through the U.S. Labor Department's Bureau of Labor Statistics every month. He said December's stats have gone through a recalibration. The changes look good — and bad.
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AIG: Profits, cost-cutting
AIG had a pretty good 2013. It paid off the U.S. government bailout and in the fourth quarter of the year posted a profit. The profit led to a dividend for shareholders. Net income for AIG in quarter four of 2013 was $1.98 billion. That's $1.34 per share. AIG CEO Robert Benmosche says compare that to 2012. In the fourth quarter that year AIG lost $3.96 billion.
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The workforce: Participation lowest in 40 years
A study by the Federal Reserve Bank of Philadelphia said the participation rate of the labor force has hit a 40-year low. The reason for the low is twofold: Those that are older and at retirement age or close to it have quit working, and second, discouraged workers have stopped looking for work.
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 News You Can Use


Are smartphones productive tools or distractive devices?
By C. Fredrick Crum
Many businesses provide leaders with smartphones or reimburse employees for their use of their private phones for business use so that productivity is increased. I have always wondered if this practice actually increased productivity or if having the world at your fingertips was a distraction. A group of researchers at Kent State University seems to have provided an answer in a study that has gained international attention.
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Step aside, millennials — Here comes Generation Z
By Greg Witz
Born from the late 1990s to now, Generation Z is the current generation, and its oldest members are starting to enter the workforce. They are known as "digital natives," and we joke that the "Z" stands for zombies as they are rarely away from their devices. More importantly, they are researching and interacting with our companies long before they will ever buy our products, so being proactive in understanding them is crucial for our companies' future success. Now is the time to be proactive in preparing our organizations for Gen Zers.
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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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