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Senators announce bipartisan bill to reauthorize terrorism insurance
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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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
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
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.
All Risks, Ltd., the Nation’s Largest Independent Wholesale Insurance Provider
Contact our professional underwriters with access to exclusive “A-“ or better rated carriers with competitive rates.
- Storage Facilities (All Lines)
– Aggressive rates and enhanced coverages, plus discounts for association members.
- Restaurants with Delivery (WC) – Single to multi-location/multi-state restaurants are eligible with monthly self reporting plus additional payment plans
- Insurance Agents (E&O) – Comprehensive coverage with varying limits and deductible options for P&C, L&H, MGAs, Wholesalers and more. Many optional coverages available.
- Building Operations (WC) -Direct WC carrier access with low minimum premiums for building operations by owners and contractors.
- Real Estate Owned (REO Property & Liability) - Industry-leading technology to help agencies with financial institutions (regional and community banks) and large investors who service and/or invest in mortgage, vehicle and collateral based loans
| 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
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.
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.
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
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 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.
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.
Missed last week's issue? See which articles your colleagues read most.
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.
P&C employment up in February
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.
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.
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.
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.
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.
Around the PIA Western Alliance States
PIA Weekly Industry News
Colby Horton, Vice President of Publishing, 469.420.2601
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Rebecca Eberhardt, Content Editor, 469.420.2608
Gary Wolcott, Writer for PIA Western Alliance, 503.724.9028
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