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The ACE Group

A global leader in insurance and reinsurance serving a diverse group of clients. Headed by ACE Limited, the ACE Group conducts its business on a worldwide basis with a physical presence in 53 countries.

 

PIA National: WYO flood bulletin
The Federal Emergency Management Agency has issued a bulletin w-13032 relating to obtaining flood insurance coverage. It addresses whether a Standard Flood Insurance Policy could be purchased solely in a shareholder's name, which would provide building coverage to the shareholder instead of the cooperative itself.
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 Around PIA Western


Around the PIA Western Alliance states
Updates on PIA Western states.
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 News You Can Use


3 key tech strategies for insurance providers
Forbes
Getting old isn't easy, but a majority of recently surveyed insurance executives believe that an integrated software platform could help rejuvenate everything at their companies from competitive differentiation to customer satisfaction. More than 200 executives primarily from the United States participated in the survey, which was conducted by SAP at the recent IASA Annual Conference in Washington, D.C. One of the most recognized and best attended trade shows for the insurance industry. Modernizing systems was top of mind for many of the attendees.
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A major data migration from the mainframe to Windows
Insurance Networking
A few years back, there was speculation that most mainframes would be turned off, and their applications and data moved to Intel and AMD-based servers. But the mainframe grew more open, and many IT managers recognized that attempting to rip and replace years' worth of painstaking programming and logic was more risk than it was worth. But, that doesn't mean it can't be done.
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10 cheat-sheet tips about websites
By Mark MacDonald
As we all know, life isn't about passing exams, it's about learning how to do things properly when the opportunity arrives. That's success. Mark MacDonald is a professional in giving businesses direction about their website design and content; so he's been accumulating quick, easy-to-remember tips that will help them develop websites that work. Print this article as a cheat-sheet to ensure you'll pass the test of an effective website.
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Industry Pulse: Does your website have enough white space on the home page?
ANSWER NOW


 Industry News from PIA Western Alliance


Agents and commissions: Obamacare MLR bill
PIA is hailing a bill just introduced in Congress that — if passed — will change how health insurance commissions for agents are calculated in the Patient Protection and Affordable Care Act. In its rule making for the soon to be fully implemented law, the Obama administration included agent commissions in the medical loss ratio portion of the law.
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Obamacare and the IRS
Scandals have rocked the Internal Revenue Service. The Obama administration is under heavy criticism for the targeting of conservative groups by the IRS. The IRS has also spent heavily on conferences. From 2010 to 2012 it spent $50 million and one conference alone cost $1.4 million. At the same time, the IRS is an integral part of the Patient Protection and Affordable Care Act — Obamacare.
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Let's wait: Congress and flood insurance rate increases
The Biggert-Waters Flood Insurance Reform Act of 2012 includes flood insurance rate reform and rate increases for flood insurance. Now that the increases are on the way, some members of Congress want to delay them. Affordability for consumers and constituents is the issue.
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Special report: Obamacare confusion continues
The polls say people still oppose the Patient Protection and Affordable Care Act — aka the Affordable Care Act, the ACA and Obamacare. Opposition is 55 to 40 percent, said a recent Fox News poll. Other polls have similar numbers. Still other polls say quite a few of us have no clue what to do when October rolls around and the health insurance exchanges open in all 50 states — if they open on time but more on confusion over the exchanges in a bit.
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Looking for similar articles? Search here, keyword OBAMACARE.


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When insurance is too expensive no matter what
Marketplace
The whole point of the Affordable Care Act is to expand health insurance. But here's the thing, even after the law has taken effect, about 30 million people still won't be covered.

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Got big data plans? Get ready to deal with data storage
Insurance Networking
Most may consider storage to be an unappreciated field of endeavor. Like taxes, it's something organizations know they have to begrudgingly dig into their pockets to throw money at.

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Campaign launched attempting to reach the uninsured
The Associated Press via InsuranceNewsNet.com
A nonprofit organization has launched a campaign targeting states with high numbers of those uninsured in attempt to provide clear messages about the health care overhaul and insurance programs that are available under the Obamacare plan.

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Farm bill defeated in the US House
The Senate has passed a new bill. That may be as far as it gets for a while. The U.S. House of Representatives last week said no to its version. The Senate bill and House bill just defeated were close with the exception of food stamp funding. In the House the funds for food stamps were quite a bit lower than the Senate version.
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NAIC, teen driving — keeping teens safer
We all know more teenager die in traffic accidents in the summer months than at any other time. These days distracted driving is the No. 1 cause of teen fatalities. The National Association of Insurance Commissioners has a campaign to keep teens safe while driving. NAIC President and Louisiana Insurance Commissioner Jim Donelan said, "As parents, the ultimate goal when our kids start driving is to ensure their safety and the safety of others. That starts with establishing expectations. The good news is that by setting boundaries, we are making the roads safer for everyone. As a parent and insurance commissioner, I know that fewer accidents are a goal we can all get behind."
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US Supreme Court and Katrina
The U.S. Supreme Court says the Federal Tort Claims Act protects the Army Corps of Engineers from being sued for not properly maintaining a shipping channel. At issue were hundreds of claims filed against the Corps over flooding caused by Hurricane Katrina in 2005. The decision upholds a federal appeals court ruling that said a lower court could not hold the Army Corps of Engineers responsible for widening a canal and not maintaining it.
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Telematics: A growing trend
The days of controversy are over. Insurers and insureds are in agreement. Telematics is here to stay and is growing in popularity. We start with a report from business consultants Frost & Sullivan. As an aside and maybe someday we'll do a story on this, their study title — like many of those done in the industry — is a full sentence long.
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FIO: The feedback begins
Here's the message. The National Association of Insurance Commissioners CEO Ben Nelson to Congress: "FIO does not speak for insurance regulators." Period. In testimony before the Subcommittee on Housing and Insurance of the House Financial Services Committee on June 13, Nelson said the Federal Insurance Office and the Treasury Department should show deference to state insurance regulators in certain regulatory forums.
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TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

    Obamacare crisis in Congress: Not what you're thinking (PIAW)
PIA National leads charge for navigator standards (PIAW)
Bigger health insurers avoiding Obamacare exchanges (PIAW)
Campaign launched attempting to reach the uninsured (The Associated Press via InsuranceNewsNet.com)
CLIPS: Commercial Insurance Rates (PIAW)
Pacific Coast cue for a major earthquake (PIAW)

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


Auto rates rising — customers unhappy
The annual J.D. Power 2013 U.S. Auto Insurance Study has some interesting stats. Customer satisfaction is down from the 2012 all-time satisfied high. That's the bad news. The good news is that customers — compared to a decade ago — are still much happier with auto insurance than in the past.
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Meet the millennials: Generation Y
MarketWatch did a fascinating 10-fact expose on Generation Y. They're also known as millennials and were born in the 1980s and 1990s. Millennials are now somewhere between the age of 18 and 34. The National Conference on Citizenship says millennials are 82-million strong and now outnumber their baby boomer parents. How they differ from their parents and their older brothers and sisters is an interesting and unique study.
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Tabulating: Oklahoma tornado claims
Oklahoma's department of insurance released some recent stats on the insured damage from the May tornadoes. At that point there were 70,782 insurance claims filed and payouts will total around $562 million. Oklahoma Insurance Commissioner John Doak is thrilled that so many Oklahomans were insured. "These numbers are more proof of the dramatic impact the tornadoes had on our state. Thousands of Oklahomans are now in the process of rebuilding their lives. Insurance can help them do that and I am glad to see that so many of the victims were insured." Here's a breakdown for May 19 and 20.
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The industry: Berkshire Hathaway, Allstate and AIG
Billionaire investor Warren Buffett and Berkshire Hathaway have launched Berkshire Hathaway Specialty Insurance. It's the firm's new commercial property/casualty group and it is headed by several former American International Group executives. That includes Peter Eastwood the former president and CEO of AIG's property/ casualty unit. He will head up Berkshire Hathaway Specialty Insurance.
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 Just for Fun


Just for Fun: An unhappy event for happy birthday
It's the most sung song on the planet. Most of us get it sung to us once a year. We all know all the words and it's probably one of the first songs — if not the first song a small child learns. The song is 120-years old and the lyrics total 16 words. We're talking about happy birthday.
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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, Writer for PIA Western Alliance, 503.724.9028   

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