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PIA Western Alliance
PIA Oregon/Idaho's annual EXPO happens next Monday and Tuesday, May 7 and 8. It’s packed with networking opportunity, education and the best trade show ever.
This year's EXPO is at Portland's beautiful Red Lion Hotel on the River.
The sessions kick off Monday morning with Ed Lamont, CIC, CRM, CPIA and his highly successful four-part series Street Smart Selling: The Beliefs, Strategies and Management ideas of Success Insurance Professionals. His course is perfect for those in insurance from producers to owners to CSRs looking to improve themselves and their agency.
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PIA Western Alliance
California Insurance Commissioner Dave Jones is at the heart of a debate of two fire victim measures that recently passed the Senate Insurance Committee on an 8-0 vote and will now go to the full body. A vote is expected within a month.
The bills were carried by Sen. Mike McGuire and Sen. Bill Dodd. Both are Democrats. Insurance companies are concerned and say the unintended consequences will be higher rates for consumers and less competition.
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PIA Western Alliance
Goldman Sachs Group has a unit that manages assets. That unit's management duties include watching over $250 billion of insurer investments. Every year the unit also reaches out insurance executives — 300 of them this year — to find out what's on their worried minds.
The report said, "Insurers expressed a growing consensus that we are in the late stage of the US credit cycle. With rates expected to rise and equity valuations high, insurers are concerned with achieving adequate returns without leaving their portfolios exposed in the event of a downturn."
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PIA Western Alliance
The National Association of Insurance Commissioners (NAIC) released its analysis of the nation's property and casualty premium leaders in terms of market share. While we're going to focus on the top-15, the report lists the top-25.
The totals are from 2017 sales. Direct written premium for the top-25 totaled $638 billion in 2017.
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PIA Western Alliance
The Federal Emergency Management Agency (FEMA) is looking at making some controversial changes to the National Flood Insurance Program (NFIP). The idea is to allow the owners of the homes destroyed by storms to have the government purchase the homes but let the homeowner retain ownership of the property.
Later the homeowner can rebuild on that property as long as the dwelling meets community flood management building codes.
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PIA Western Alliance
The fire season is upon us. Will it look like last year? Chances are — experts say — it will. We all remember last year's disasters all too well. California has had some heart-stopping fires. The one tearing through large swaths of Napa's wine country come immediately to mind. It came at night and without warning killing dozens.
Other states have seen similar fires though they haven't been as dangerous to large numbers of people.
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PIA Western Alliance
These days all too frequently TV and newspaper headlines tell of a new shooting at a business or a school. Active shooters have a huge impact on the business of those businesses and school enrollment.
This is where insurance comes into play. Barry Fleishman who is an attorney and principal of Shapiro, Lifschitz & Schram said looking at business and in the case of the Las Vegas shooter, visitors cancelled reservations at Mandalay Bay and nearby hotels on Las Vegas' famed strip.
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All-risk physical damage insurance coverage customized for:
- Franchise truck dealerships
- Franchise construction dealerships
Protect everything on the lot with…
- A.M. Best “A” rated insurance carrier
- Simple one-page application
- Inventory reported monthly
- A full range of coverage enhancements
For a quote, contact:
Jeff Martins
(858) 505-4068
jmartins@alliantspecialty.com
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PIA Western Alliance
The illegally — or at least unscrupulously — selling of insurance to hundreds of thousands of drivers and forcing homeowners to pay excessive fees came home to roost for Wells Fargo. The Consumer Financial Protection Bureau (CFPB) nailed the bank with the highest penalty any company has ever paid for such actions. Wells Fargo will part with $1 billion.
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PIA Western Alliance
California — Jones on Health Insurance: Insurance Commissioner Dave Jones sent a letter to the Centers for Medicare and Medicaid Services in opposition to the proposed rule, Short-Term, Limited-Duration Insurance. In part Jones' letter reads ...
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