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PIA & Insurance on Congress & Insurance Regulation
The interest in the regulation of insurance is a topic that is heating up in Congress. Committees in both the Senate and the House held three hearings last week on the subject. PIA National submitted testimony at all three. On Tuesday, the 28th, the Senate Banking Committee went first with a hearing titled The State of the Insurance Industry and Insurance Regulation. The next day, the House Financial Services Committee Housing and Insurance subcommittee followed with one called The Impact of International Regulatory Standards on the Competitiveness of U.S. Insurers.
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AIG Looking at Losing Too Big to Fail Moniker
The first non-bank in the U.S. given a too-big-to-fail designation — or a systemically important financial institution (SIFI) — was AIG. After the $182.3 billion federal bailout and thoughts that a failed AIG would bring down the world's economy, it was a no-brainer.
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Superstorm Sandy Task Force: Private Flood Insurers Make Too Much Money?
The Superstorm Sandy task force has started looking at insurers who may — or may not — have paid insureds the full cost of damages from the storm almost three-years ago. Some say many have been short-changed. A first meeting with the Federal Emergency Management Agency (FEMA) was held last week.
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PIA Western Alliance State of Arizona: The Nation's Fastest Growing Insurance Workforce
The PIA Western Alliance state of Arizona is seeing the most growth for insurance jobs in the nation. Or so says the U.S. Bureau of Labor Statistics. And more good news. The bureau says insurance employment for independent agents and brokers will grow nationwide by 10% by 2022. Some areas — however — will grow more than others.
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Millennials: Moving Out of Parents' Homes
Over the last few months, Weekly Industry News has been featuring stories about Millennials. They're those born after 1980. Right now they're a growing workforce and a growing consumer base and are important — no, make that critical — to the future financial success of insurance agencies and insurers.
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Drought: It's getting Serious in the West
A third of the United States is in drought conditions. To give you a more specific number, 37.5% of the 48 contiguous states fit the description. That is up from 36.9% a few weeks ago. Here are the two biggest downsides of the drought — food production and the danger of wildfire.
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Is Your Agency as 'E&O Proof' as You Think?
by Curtis M. Pearsall, CPCU, AIAF, CPIA, President, Pearsall Associates, Inc. and Special Consultant to the Utica National Agents E&O Program
Wouldn't it be nice to know where your agency is on the errors-and-omissions loss control continuum? This is a question to which every agency owner/manager would likely want to know the answer. While assessing the degree to which your agency is E&O proof is not a perfect science, there are ways to get a handle on this important issue.
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Google & Your Website
PIA National originally published this piece in the PIA National Newsline. It's a situation that definitely impacts your website and could end up impacting your business. The story bears repeating.
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ObamaCare: The Penalty & Tax Credits
The implementation of the Affordable Care Act has entered year two. With just 12.9% of Americans without health insurance, we have hit the lowest rate since 2008 when Gallup and Healthways started tracking who has health insurance.
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Left Lane Driving
Maybe just for fun is a poor headline. For the driver trying to get around the pokey person practically parked in the left lane, this is more frustration than fun. The Oregon Legislature — at least in the Beaver State — may fix that for frustrated Oregonians. Or not. The bill has passed the House and no word whether it will even be heard in the Senate.
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Around the PIA Western Alliance States

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TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

    Insurance Agent among America's Worst Jobs (PIAW)
Willis & the CIAB: Rates & a Softening Market (PIAW)
Your Employees: Flextime (PIAW)
Update: The Judge, Greenberg & the AIG Federal Takeover Suit (PIAW)
ObamaCare Repeal? Not Likely — Ever (PIAW)

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

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, Editor/Writer for PIA Western Alliance, 503.724.9028   

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