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Senators announce bipartisan bill to reauthorize terrorism insurance
Insurance Journal
A bipartisan group of U.S. senators has agreed on legislation to extend the government's financial backstop of terrorism insurance for seven years. The legislation would raise private insurers' co-payments to 20 percent from 15 percent. "In the long shadow of 9/11, the ability to secure terrorism risk insurance is absolutely essential for any entity looking to build and grow in New York City and many other high-risk areas," New York Democrat Charles Schumer said in a statement.
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 PIAW Happenings


PIA National leadership on the successful Federal Legislative Summit
After getting back to their agencies, a few of PIA National's leaders — who attended the 2014 PIA Federal Legislative Summit — reflected on their experiences. PIA National President John G. Lee said, "Our legislative summit was a tremendous success, with a large attendance by PIA agents. We met with our lawmakers to review our different issues of concern with them, such as the Terrorism Risk Insurance Act, health care, insurance regulation, flood insurance and crop insurance."
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EXPO: PIA Oregon/Idaho's Innovative Agent, Agency & Company Connection
PIA Oregon/Idaho's 2nd Annual EXPO is coming:

June 17 & 18, 2014
Red Lion Hotel on the River
Jantzen Beach
Portland, Oregon

EXPO is a one day, business-to-business and education program for all agents, agency and company personnel. Last year's EXPO was a huge success. More than 150 independent insurance agents registered. Click "Read More" for more information and to get started.

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  • Building Operations (WC) -Direct WC carrier access with low minimum premiums for building operations by owners and contractors.
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 Industry News from PIA Western Alliance


Flood reforms passed: Now hurry up!
The Federal Emergency Management Agency has started implementing the Biggert- Waters Act reforms to the National Flood Insurance Program just passed by Congress. And those changes are being made quickly. Or as quickly as a Washington bureaucracy can move.
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Obamacare: Sebelius steps down, enter Burwell
You already know Health and Human Services head Kathleen Sebelius has stepped down. Considering the — putting it nicely — rocky rollout of the Affordable Care Act and its disastrous website, a lot of health insurance experts and political pundits wonder how she managed to last this long.
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A hard look at the hard market: P&C rates now and into the future
MarketScout's March rate report looks much like reports we've seen for the last couple of years. Commercial lines — on average — are up 3 percent. That's up 1 percent from February's 2 percent rise.
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A Republican Obamacare alternative
One of the big criticisms critics of Obamacare have expressed is aimed at Republicans and not Democrats. And the pointed fingers contend the Republicans need to stop repealing the Affordable Care Act in the House and come up with an alternative.
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Who are the Affordable Care Act's 7 million?
A dash more than 7 million people are enrolled in the Affordable Care Act. The Obama administration met its goal. What you won't get out of the Department of Health and Human Services and its soon to be departing director Kathleen Sebelius is who these people are, and their age and health status.
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The growth of the individual health insurance market in 2014
Zane Benefits
The individual health insurance market is undergoing significant change. The Affordable Care Act introduces new reforms that make individual health insurance more affordable and accessible, which means the individual health insurance market is about to explode.

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Insurance 2013 finances: It wasn't a bad year
PIAW
Fitch Ratings said there are 48 publicly traded P&C insurance companies. They stretch across five insurance subsectors. For them the year-end financial results for 2013 were outstanding.

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Insurers test data profiles to identify risky clients
The Wall Street Journal
Life insurers are testing an intensely personal new use for the vast dossiers of data being amassed about Americans: predicting people's longevity.

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The economy: Top growing states, cities
Several PIA Western Alliance states and cities are at the top of the lists for the best nonagricultural industry job growth in the nation. The study was done by Lee McPheters, a researcher at the JPMorgan Chase Economic Outlook Center of the W.P. Carey School of Business at Arizona State University.
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Consumers and personal information
Accenture took an interesting look at people and their personal information. Behind the study is finding out exactly what pushes people's buttons to come forth with personal data. It turns out that we're becoming less sensitive about what we reveal and more trusting.
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TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

    Oso, Wash., mudslide (PIAW)
In focus: Obamacare's 7 million (PIAW)
Another PIA success: PIA National's Federal Legislative Summit (PIAW)
Not to be missed: PIA Oregon/Idaho's 2nd Annual EXPO (PIAW)
Superstorm Sandy aftermath: No New York City homes rebuilt (PIAW)

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


Oso, Wash., landslide: Are lawsuits coming?
More than 30 people were killed in the Oso, Wash., landslide. The official figure at press time is 36. Several still are listed as missing. As the clean-up continues, a search for the cause is intensifying. Also, in under the microscope, is how much warning did county officials have about the unstable conditions of that hillside.
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P&C employment up in February
It's a sign that the economy — and the insurance industry — is getting more healthy. The U.S. Labor Department Bureau of Labor Statistics said hiring shot up in February for P&C insurers and agents.
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Update: Cover Oregon board hires consultant, narrows choices
Clyde Hamstreet is an expert at turning broken corporations around. He and his company has been hired by the Cover Oregon board of directors to fix a very broken website. Oregon's Obamacare exchange is the only one in the nation that is still not operating. The state has spent almost $200 million on the website so far.
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 Industry News


The changing face of insurance data breach risk
Insurance & Technology
Our industry has a spotty history of indifference to safeguarding individual privacy. Accepting that e-commerce is a new world with new rules won't be easy for most insurance companies.
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Insurance industry seeks climate change support
Live Insurance News
In the aftermath of the flooding that was experienced in 2013 throughout many regions of the United States and Canada, the insurance industry found itself facing what could only be defined as a public relations nightmare.
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 News You Can Use


The shot heard around the industry: AXA and Facebook reimagining insurance
Insurance Networking News
What a stunning and brilliant outside-in move by AXA — to position themselves as a dominant digital insurance company by partnering with Facebook. You baseball fans will know the phrase, "the shot heard round the world," which was said about the game-winning home run by a New York Giants player against the Brooklyn Dodgers in 1951 to win the National League pennant. And just like that home run, this shot is a game-changer for insurance, propelling AXA ahead of the competition and redefining the customer experience.
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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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