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Agents react to Wal-Mart, Overstock in insurance: 'We aren't dead or dying, we are evolving'
Insurance Journal
Recent announcements by giant retailers Wal-Mart and Overstock.com that they are entering the insurance sales game have elicited a healthy response from the insurance industry. Some agents have expressed concern and frustration at the notion that their way of doing business may no longer be relevant, while others acknowledge the industry is changing and that they must change with it.
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 PIAW Happenings


PIA National's annual District Lobbying Day
PIA National will hold its annual District Lobbying Day on Aug. 19. That's the day the association wants you to set up meetings with your member of Congress. If you can't do it exactly on Aug. 19, then try to get a meeting on a date around that date.
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Around the PIA Western Alliance States


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 Industry News from PIA Western Alliance


TRIA: House Bill markup scheduled for June 19
On June 19, the House Financial Services Committee is scheduled to hold a markup of the committee's draft bill to reauthorize the Terrorism Risk Insurance Act. The PIA staff has read much of the bill and have analyzed what has been issued. This, by no means, is an exhaustive list of changes and it's possible further changes may be made before or during the markup.
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A push to reduce the cost of auto insurance
Regulators and consumers are always complaining about the high cost of insurance. In some ways, you can make the case that the complaints are legit. But are they the fault of insurance? This statement and question come from a current study on the affordability of auto insurance being conducted by the Federal Insurance Office.
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This week's poll: What are your thoughts on auto insurance regulations?
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Poll results: CNN's take on the American dream
The June 11 issue of Weekly Industry News reported on a CNN poll that said the American dream has changed. The poll found 54 percent of us think we are better off than our parents at our current age. But 63 percent think our children will not be better off than we are at our current age. And 59 percent said the American dream has become almost impossible to attain.
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Obamacare: How consumers learned about exchanges
One of the big problems with the implementation of the Affordable Care Act was how to get information about the Obamacare exchanges to the general public. The Urban Institute's Health Policy Center did a study of how people got that information and the results are revealing.
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Insurance CEOs: 2015's insurance worries
Accenture's CEO Briefing 2014 has been released. It is compiled by The Economist Intelligence Unit and is a mixture of macroeconomic, geopolitical and global business insights.
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Cover Oregon update
Oregon is moving forward on its push to recover millions spent on the failed Cover Oregon website. The state has agreed to pay $2 million to the law firm Markowitz Herbold Glade & Mehlhaf PC to explore the possibility of suing the technology company Oracle.
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Towers Watson 1Q CLIPS survey
Towers Watson's CLIPS survey — Commercial Lines Insurance Pricing Survey — has been released for the first quarter. It's conclusions very much agree with other, earlier released surveys. On average, commercial line rates grew modestly in the first quarter of 2014. The increase overall hit 4 percent over rates for the first quarter of 2013.
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Tips for preventing internal fraud
Whether a company is big or small, the potential for internal fraud is there. We often are seeing news reports of such crimes. The Association of Certified Fraud Examiners released some startling facts in a report titled The 2014 Report to the Nations on Occupational Fraud & Abuse.
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Wildfires, the West and Obama
Once again, fires are burning out of control — or are semi-under control in the western United States. It's a growing problem and seems to get worse every year. Just about as difficult as fighting the fires is finding the money to fight them.
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AIG's savior Robert Benmoche steps down
AIG President and CEO Robert Benmosche is going to leave the company. Benmosche will step down in September. Executive Vice President Peter Hancock will take over where Benmosche left off.
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Burwell approved to head HHS
The U.S. Senate has said yes to Sylvia Mathews Burwell taking over as secretary of the Department of Health and Human Services. She's replacing embattled Kathleen Sebelius.
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The best, worst states for home, auto bundling
The website InsuranceQuotes.com did a study on the states that have the best and worst bundling savings for homeowners and auto insurance. The study was done by Quadrant Information Services and it used a 45-year-old woman as its sample. She's married, has a bachelor's degree, excellent credit and no coverage lapse. The national average for that woman bundling the two insurances is a savings of 15 percent.
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Looking for similar articles? Search here, keywords INSURANCE BUNDLING.


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TRENDING ARTICLE
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Analysts, actuaries discuss how new capital changes insurance industry
InsuranceNewsNet.com
Reinsurance companies, and the entire property/casualty industry, need to evolve as waves of capital reshape their business model, a trio of industry analysts agreed at a late-May conference for casualty actuaries.

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Insurance Business America: The next generation
PIAW
Insurance Business America is doing a series of very interesting stories on the future of insurance. The series is titled "Next Generation" and it looks at what it calls the "plight" of insurance agencies everywhere.

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Regulating insurers 'too big to fail' — part 1
PIAW
AIG and Prudential Financial have been deemed by the Dodd-Frank Act's Financial Stability Oversight Council as systemically significant to the nation's overall economic health.

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 News You Can Use


Insurance 2024: Culture change or bust?
Insurance Networking News
Insurance business and technology experts agree that a successful C-level vision is not just about keeping up with technology; it's about more focus on the customer and less on caution-drenched decision making.
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TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

    PIA National on NFIP rate changes (PIAW)
Tragic irony and Paul Walker update (PIAW)
Goodbye to the American dream? (PIAW)
The Obamacare penalty: 4 million to pay (PIAW)
Small business and Obamacare (PIAW)

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


14 insurance industry predictions
Insurance Networking News
Jonathan Kalman, president of Return on Intelligence, offered predictions, takeaways and advice at the recent IASA 2014 Educational Conference and Business Show in Indianapolis, Indiana.
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How insurance companies use data to plan for the next big storm
Forbes
Mother nature can be unpredictable. Without warning, storms arrive and flood homes. Hurricanes take off roofs and devastate communities. High winds blow over trees, damaging cars and other property. Insurance companies have always looked at weather patterns to determine whether to cover individuals and businesses. But in a time when it appears climate change may be contributing to an increase in natural disasters, these companies are now turning to weather analytics firms for greater insight and reduced risk.
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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, Editor/Writer for PIA Western Alliance, 503.724.9028   

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