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Supreme Court and Obamacare contraceptive mandate
Most of you may know by now that the U.S. Supreme Court ruled in favor of Hobby Lobby and Conestoga Wood Specialties. The court said the two companies cannot be forced to provide contraceptives as part of the Affordable Care Act's required health insurance. The decision applies only to "tightly-held" for-profit corporations. The most serious implication of the decision is that the court has expanded corporate rights and says that these for-profit companies have religious rights and can claim religious freedom under federal law.
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 PIAW Happenings


Around the PIA Western Alliance States

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Your PIA Western Alliance membership and survey
Reading this and not a member? Go to the member benefits page on the PIAW website this page to join the industry’s most dynamic and important agent association.

Weekly Industry News is just one of the many benefits of belonging to an affiliate chapter of the PIA Western Alliance. It's an informative e-news brief delivering the most relevant industry content to your inbox every Wednesday.

If you're a member, we want to know what you think of our services. Click here to answer the following two questions:
  1. What products and services would you like to see the PIA offering its members?
  2. Are you familiar with current products and services available to you?
If you are not a member, then what follows is an excellent breakdown of PIA member benefits. Members probably know most of this, but it's also a nice refresher on the value of your membership in PIA.

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PIAW Pulse:

PIAW would like to know what you think of member products and services:
    What products and services would you like to see the PIA offering its members?
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ANSWER NOW
Previous survey: What are your thoughts on auto insurance regulations?
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 Industry News from PIA Western Alliance


NAIC: State regulators may not apply global capital rules
National Association of Insurance Commissioners' president-elect and PIA Western Alliance's state of Montana insurance commissioner Monica Lindeen said U.S. state insurance regulators may not apply new global capital rules. They are the first global insurance rules recently adopted by the International Association of Insurance Supervisors.
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Looking for similar articles? Search here, keywords STATE REGULATORS.


Insurer risk worries for next 12 months
Every year, Accenture releases a risk worry survey from The Economist Intelligence Unit. The report is titled "CEO Briefing 2014" and Accenture calls it the macroeconomic, geopolitical and global business insight of more than 1,000 C-suite executives. The focus of the survey is the future or at least for the next 12 months.
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Analysis: Swiss Re — insurance premiums grew in 2013
Swiss Re issued an interesting report recently. It was on premiums written worldwide in 2013. The report says total written premiums rose 1.4 percent to $4.641 billion. That's down from the 2.5 percent jump we saw in 2012.
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Producer pay: An interesting analysis
A few reports were recently published by Insurance Business America on producer income. The first is a study by The Omnia Group and the National Alliance Research Analysis who say producers are compensated one of four ways. Questions on compensation were posted on www.ibamag.com. The results are very close with the 2012 Commercial Lines Insurance Producer Benchmark Analysis.
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Alaska's 7.9 quake — whew
A 7.9 magnitude earthquake recently struck Alaska. It was centered about 1,400 miles from Anchorage near the small island of Little Sitkin. For one so large, there were no damages reported.
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Small business and government — not a pretty picture
The company TriNet — a company that provides human resources services for small businesses — recently released the figures from its annual Small Business Confidence Survey. The survey, conducted by Harris Poll, includes small-business opinions on topics ranging from company health to federal and government regulation and legislation. These are small businesses that have between 10-49 employees.
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Greenburg's Spitzer defamation suit to trial
Former AIG CEO and founder Maurice "Hank" Greenberg sued former New York State Attorney General Eliot Spitzer over statements he made in 2012 accusing Greenberg of fraud. Spitzer tried to stop the suit but the judge said the suit will go forward and there will be a trial.
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Washington Commissioner Kreidler and transgender coverage
Washington Insurance Commissioner Mike Kreidler says transgender individuals have specific and special health insurance needs and those needs must be met by health insurers. The commissioner sent a letter to health insurers and pointed out that the law clearly states that necessary medical services cannot be denied based on a person's gender identity or dysphoria.
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TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

    Will Google enter the insurance industry? (TechCrunch)
Auto insurance: Fewer going shopping (PIAW)
PIA Oregon's 2nd EXPO: A super success (PIAW)
Who enrolled in Obamacare? (PIAW)
Subsidies: The cost of Obamacare (PIAW)

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


Moody's looks at 6 commercial lines
Moody's Investors Services' "Special Comment U.S. P&C Insurance Survey: Slowing Commercial Rate Increases as Insurers Shift Toward Growth" starts out with good news for companies with commercial insurance lines and for the agents that sell them. Rate increases will continue for the rest of 2014 but not at the pace we saw in 2013.
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National Underwriter's top 100 P&C rankings
Every year, National Underwriter ranks the top P&C insurers based on the average combined ratio of each company and their net premiums. This year's rankings are based on 2013 numbers. The publication uses data from SNL Financial and shows that a relatively catastrophe free year helped everyone.
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 News You Can Use


Core systems: The backbone of customer experience
Insurance Networking News
For years, industry analysts have been touting the virtues of core systems replacement using flexible, configurable and modern systems. Insurers finally have heard this message and are working diligently to make the business case for the change, select and purchase a system or systems and implement them. It's a good time to reflect on something that is discussed much less frequently when talking about core systems replacement: customer experience.
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FEATURED ARTICLE
TRENDING ARTICLE
MOST POPULAR ARTICLE
How not to create insurance awareness
THISDAY
Insurance organizations and practitioners across the continent may have identified the need for public education and awareness campaigns to drive their business, but they seem to be executing these programs the wrong way.

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New technology promises rewards, poses risk
Insurance Networking News
With the goal of improving profitability through better decision-making and greater efficiencies in core functions, property/casualty insurance executives are counting on advanced technology to help them get the job done.

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Cybersecurity: The Senate, a handbook and more
PIAW
Soon, the Senate Intelligence Committee is going to look at a bill that will pave the way for companies threatened with cyberbreaches or who have experienced a breach to share information with other companies and the government.

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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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