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PIA Western Alliance States
PIA National is concerned about the part of one of the House bills meant to repeal ObamaCare and reform the nation's health insurance system. The second bill has a provision to allow insurers to sell health insurance across state lines.
PIA National is a staunch supporter of the regulation of insurance by the states as outlined by 1945's McCarran-Ferguson Act. The bill — the PIA notes — will strip state insurance authorities of their authority over health insurers and undermine the foundation set up by McCarran-Ferguson.
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PIA Western Alliance States
It's titled the American Health Care Act (AHCA).
Criticism of the original Affordable Care Act repeal and replacement plan took heavy hits from all sides after it was unveiled and sent to the committees charged with working on the bill and getting it ready for a vote of the full House of Representatives. On Thursday of this week — maybe even by the time you read this — the House will have voted on the first phase of the repeal and replacement of the Affordable Care Act
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PIA Western Alliance States
The Willis Towers Watson Commercial Lines Insurance Pricing Survey (CLIPS) found commercial insurance prices — overall — to be flat. The CLIPS survey compares 2016 prices to 2017 and all but commercial auto was pretty much spinning in neutral. Alejandra Nolibos runs Willis Towers Watson's P&C Insurance Practice and said, "The rapid growth in the rate of price increases seen in 2012 has since slowed for much of the commercial market, but not for commercial auto."
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PIA Western Alliance States
President Donald Trump's proposed budget for the National Oceanic and Atmospheric Administration (NOAA) has coastal communities, flood experts and some legislators worried. And of course, such cuts do impact insurance.
In total the Trump proposal would cut almost $1 billion from the NOAA budget. It is currently $5.6 billion or $3 per person in the U.S. per year.
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PIA Western Alliance States
After quarter after quarter of losses, AIG CEO Peter Hancock resigned a couple of weeks ago. He will stay in the position until a new CEO is found. In the days since Hancock's decision the whys have come out.
Or so says The Wall Street Journal.
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PIA Western Alliance States
Experts in digital technology say there is $1.63 billion to be had for the insurance industry in the next couple of years if the right moves are made. That figure comes from a firm called Cognizant. It talked with insurance executives who — 66% of them — see digital technology as their future.
These executives aren't looking at replacing human beings with technology to increase profits. What these machines and computers will do is enhance what employees currently do and let them concentrate on more important matters.
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PIA Western Alliance States
J.D. Power and Associates took a look at two aspects of insurance from a customer point of view: customer commercial insurance satisfaction and claims satisfaction. The commercial insurance ratings are based on five factors.
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PIA Western Alliance States
Important changes are coming to the National Flood Insurance Program (NFIP) in April. Most of what is different has to do with flood insurance pricing.
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PIA Western Alliance States
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