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PIA National peeks into the future
PIA National recently had some fun with the
future. In a short article in the recent PIA National
Newsline, the association looked 10 years into the
future and found in a mere 3,650 days, things will
Lots different. But maybe the same, too. So, what can insurance agents expect to be dealing with? Here are some predictions
based on an evolution of how things are today starting with smartphones.
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PIA National's John G. Lee: Insurance isn't stuff
PIA National President John G. Lee is miffed at Wal-Mart and
other big box stores for insisting that consumers don't want
or need a relationship with an independent insurance agent. Yes, they do want a good deal on their insurance and
supposedly the big box stores can give it to them. But they
want more than just a good deal. Statistics
say consumers also want and desire a relationship with someone who
PIA Oregon Expo: June 17-18
It's coming fast. PIA Oregon's innovative —
and very important three-day convention
When: June 17-18
Where: 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 register.
| Industry News from PIA Western Alliance|
Cover Oregon update: Gov. Kitzhaber to sue Oracle
Oregon's Obamacare exchange Cover Oregon is the
Affordable Care Act's biggest rollout disaster. The state spent
almost $300 million in federal dollars to get the Cover Oregon
It has never worked. Not once.
Oracle was the primary developer for Cover Oregon. Failure of
Oracle and the state to get a working system has gotten the
state and Oracle a ton of criticism from consumers, Obamacare opponents and from
the Oregon Legislature.
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
Oh my gosh! The evolving driveless car
Try this. You get in your car, start it up and off
you go. But in this car, there are no brakes, no
steering wheel and no gear shift. Nothing. Just a
seat and visual and audio toys. As you may know, several car manufacturers are experimenting with vehicles and some
measure of "driver assist." Google says that's apparently problematic. Distracted
humans aren't able to assume control in case of an emergency.
This week's poll: No steering wheel? No brakes? Would you "drive" a vehicle like that?
Last week's survey: What do you think about cybersecurity?
Cybersecurity: Congress on the move
The Deter Cyber Theft Act of 2014, S. 2384,
has been introduced in Congress. Unlike
other bills of its type, this one has an excellent chance of
passing. One reason is because it is a bipartisan
effort. Privacy concerns kept other legislation from
being passed. Continuing data theft and
many more attacks on U.S. businesses and individuals has the public more concerned
than it has been in the past.
People want answers.
IRS rules on dumping employees on Obamacare exchanges
To respond to the headline in a few of words: If
you are a large employer with more than 50 employees,
you cannot offer tax-free subsidies to buy policies in the public online marketplaces.
When the Affordable Care Act first passed, many
employers thought they could save money by giving their employees some dollars to
buy a health plan and then dump them in an exchange. For some, it definitely would be a
huge employee cost savings. The Internal Revenue Service recently ruled that in doing so, not only violates the spirit of
the law, but it breaks the law completely.
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Cover Oregon: The long road to recovery
Cover Oregon Interim Director Clyde Hamstreet
has updated a couple of Oregon Legislature
health committees on plans to transition the
state's Obamacare website to the federal
government's HealthCare.gov. Hamstreet — in the same meeting that Oregon
Gov. John Kitzhaber said he's going to take
legal action against Cover Oregon technology
lead Oracle — said three areas will need lots of work.
Poll: Obamacare, a negative for 7 in 10
Obamacare is a hot topic for many news agencies and organizations with polls abound about the
positives and negatives of the Affordable Care Act.
The latest poll is from bankrate.com. Here are some
findings of the firm's monthly report titled "Health
Obamacare and hiring: Not a negative
One of the big criticisms of the Patient Protection and Affordable
Care Act — Obamacare — is that it is going to do away with
jobs. At first, that seemed to be the case as employers waited to
hire based on health care cost decisions and unfamiliar rules on
what must be provided to employees. A half-a-year into the rollout, accountants working with small
businesses told Sageworks, a financial information firm,
that those businesses are breathing easier about Obamacare and
may be hiring in the future.
Missed last week's issue? See which articles your colleagues read most.
Former AIG executive Greenberg forced to do book-cooking trial
Maurice "Hank" Greenberg is the founder and former
CEO of AIG. In 2005, former New York Attorney General
Eliott Spitzer accused Greenberg and the firm's former
CFO Howard Smith of cooking the books to make AIG's
financial picture look better. The 89-year old Greenberg doesn't want to stand trial on
the charges. He's appealed the case several times.
The high cost of traffic accidents: Try $1 trillion a year
The latest study on the cost of motor vehicle
accidents is out. Statistics from the Department of Transportation's National Highway Traffic
Safety Administration's Economic and Societal Impact of Motor Vehicle
Crashes 2010 paint a grim picture. The study states auto crashes cost the nation nearly $1 trillion a year in loss of life and
loss of productivity. Here's the break down.
When getting the client's signature may not be enough
by Curtis M. Pearsall, CPCU, AIAF, CPIA, President of Pearsall Associates Inc. and Special Consultant to the Utica National E&O Program
Producers and customer service representatives are advised
from early their careers of the importance of securing a
customer's signature on an application. The basic premise is
that if accurately completed and signed by the applicant, an
application possesses tremendous power in the event of some
type of errors-and-omissions litigation. The signed application played a significant role in
the outcome of that litigation in a substantial number of E&O cases.
Around the PIA Western Alliance States
PIA Weekly Industry News
Colby Horton, Vice President of Publishing, 469.420.2601
Download media kit
Rebecca Eberhardt, Content Editor, 469.420.2608
Gary Wolcott, Editor/Writer for PIA Western Alliance, 503.724.9028
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