This message contains images. If you don't see images, click here to view.
Advertise in this news brief.




  Text version    RSS    Subscribe    Unsubscribe     Archive    Media Kit July 23, 2014

Home   Services   Membership   About PIA   Job Board      


 



Insurance industry joins taxis in fight against Uber, Lyft
Travelers and bar-hoppers used to taxi to their destinations. Now many "Uber" to where they want to go. This evolution from hailing a cab to apping for a Lyft has disrupted the taxi and limousine industries for the past two years. Customers summon a car with a few taps on a smartphone. GPS-enabled maps make it easy for drivers and passengers to find each other. And no cash is exchanged — the fare is automatically deducted from a passenger's credit card, which is linked to the app. But the dirt-cheap fares of the ride-sharing services that appeal to so many patrons could be coming to an end as two Assembly bills that would regulate Uber, Lyft and similar services work their way through the state Senate.
   Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
READ MORE  




 PIAW Happenings


Around the PIA Western Alliance States

Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
READ MORE


PIA's 2014 National Agency Marketing Guide: Focusing on success stories
The fifth edition of the 2014 PIA National Agency Marketing Guide has mailed to PIA members across the country and is now available to PIA agents online at www.PIAAgencyMarketingGuide.com. The guide contains hands-on marketing advice from insurance agents and from some of the insurance industry's premier experts. It focuses on the strategies and tactics that working agents are using successfully in markets across the country. The guide emphasizes their use of new technologies and how they are transforming their marketing efforts to take charge of their futures.
Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
READ MORE


 Industry News from PIA Western Alliance


Update: Cybersecurity, law, insurance and more
The Senate Intelligence Committee has passed legislation to give companies, using what are called "critical" computer systems, immunity and legal protections if they share information about hacking incidents or threats with other companies or the federal government.
Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
READ MORE


Obamacare: Some insurers will seek subsidies
To help the Affordable Care Act get off on solid footing once the Obamacare exchanges opened, the law allows insurers to get financial assistance from the federal government if their claims costs are 3 percent more than premium revenue.
Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
READ MORE


SPONSORED CONTENT
    Competitive Rates from exclusive carriers. Contact All Risks, Ltd., the nation’s largest independent wholesale insurance provider.

  • 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.

  • Restaurants with Delivery (WC) – Single to multi-location/multi-state restaurants are eligible with monthly self reporting plus additional payment plans

  • 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


Senate passes TRIA extension; doubtful in House
Recently, the U.S. Senate passed an extension of the Terrorism Risk Insurance Act. Now it's on to the House where it faces an uncertain future. A much more restrictive bill is in process and some members say they'll refuse to consider what the Senate has passed.
Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
READ MORE


NARAB II amendment included in TRIA extension legislation
The U.S. Senate passed a bill extending the Terrorism Risk Insurance Act. It has been sent to the House where it faces an uncertain future. Attached to the bill is an amendment that creates NARAB II — the National Association of Registered Agents and Brokers. It creates a simplified licensing process for agents and brokers doing business in multiple states.
Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
READ MORE


West Coast earthquakes: An early warning system
Congress is looking at funding an early earthquake warning system for the dangerous West Coast of the U.S. where fault lines from California to Washington pose a major threat to high-density populated areas.
Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
READ MORE


PRODUCT SHOWCASE
  Automate Commercial Surety

Surety OneClick has revolutionized the way Agents write Surety Bonds
      • Takes only 2 mins to Generate Quotes from 34 Carriers
      • Ultra-Preferred, Standard and Non-Standard Risks
      • Keep up to 30% Commission      

Learn More | Schedule a 1-on-1 Test Drive! | What Others Are Saying ...
 


Refilling the Highway Trust Fund
President Barack Obama and the administration want to replenish the Highway Trust Fund and do a better job of funding highway repair in the future. It's a worthy goal, considering the Council of Economic Advisers and National Economic Council did a study that shows more than 66 percent of the nation's roads and highways are in need of repair.
Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
READ MORE


Senate anti-Hobby Lobby vote goes down
Reacting to the U.S. Supreme Court's Hobby Lobby decision, some Democrats in the U.S. Senate tried to pass a bill that requires any for-profit company to provide birth control insurance coverage, even if they object based on religious grounds. It went nowhere.
Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
READ MORE


The General Motors mess
Customers of the recalled GM Cobalts and Ions want compensation for the loss of value of their vehicles. It stems from the faulty ignition switches and the failure of the car company to recall those cars. GM does not want them to be allowed to sue.
Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
READ MORE


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

    Small business and the Affordable Care Act (PIAW)
Update: The raging cybersecurity battle (PIAW)
Free Affordable Care Act webinar for PIA members (PIAW)
Millennials to the insurance industry: 5 ways you can do better (Insurance Business America)

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


A.M. Best 1Q analysis
A.M. Best — who is not alone — took a long look at the property and casualty industry's 2014 first quarter. Like the other reports we've seen, the results are mixed.
Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
READ MORE


AIG and Bank of America settlement
AIG and Bank of America have settled their fraud case. The insurance firm originally sued for $10 billion and is settling for $650 million. The bank is alleged to have packaged and sold housing mortgages — through Countrywide Financial — to investors and is said to have lied about their value.
Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
READ MORE


Financial Stability Oversight Council secrecy: It's time for a change
Democrats and Republicans in both houses of Congress aren't happy with the Financial Stability Oversight Council. It's the Dodd-Frank Act created group charged with determining which firms are "too big to fail." Those receiving a systemic risk designation must follow certain and quite restrictive rules to insure that they do not harm the entire U.S. economy if they run into major financial troubles. The FSOC — which is headed by the U.S. Treasury Secretary — has been very secretive as to how those designations are made and who is going to be investigated.
Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
READ MORE
Looking for similar articles? Search here, keywords SYSTEMIC RISK.


FEATURED ARTICLE
TRENDING ARTICLE
MOST POPULAR ARTICLE
3 ways insurance companies can better court their brokers
Financial Post
Gone are the salad days for many property and casualty insurers, the companies that insure our cars, homes and belongings. The sector is facing many headwinds, including rapidly changing consumer needs, increased risk and rising costs.

Share on FacebookTwitterShare on LinkedinE-mail article
read more
Health insurers to refocus marketing efforts to reach uninsured
InsuranceNetworkingNews.com
More than half of previously uninsured Americans who shopped for health insurance under the Affordable Care Act say they first heard about the marketplaces through the news media, while only 4 percent learned about them in a notification from a state or federal agency.

Share on FacebookTwitterShare on LinkedinE-mail article
read more
Obesity more dangerous than smoking
PIAW
The National Cancer Institute did a study that compared obesity health problems to those of smoking. It found the troubles caused by obesity, like strokes, heart disease, cancer, diabetes and other illnesses, can be worse than a heavy cigarette habit.

Share on FacebookTwitterShare on LinkedinE-mail article
read more


Washington state on fire
This is an ongoing story, but with the fire only 2 percent contained, the Carlton Complex fires in north-central Washington will likely still be burning out of control by the time you read this.
Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
READ MORE


Wildfires: The West is on fire
Fires are burning out of control in Oregon and Washington. At press time, 20 different fires are burning in the two states. As these fires continue to grow, they become taxing on resources. High temperatures and dry, windy conditions aren't helping; neither is the ongoing drought.
Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
READ MORE


Obamacare: Reaching the uninsured
J.D. Power and Associates did a study of how well the government did in reaching individuals and families about how to sign up for the Affordable Care Act on the federal or state exchanges. The conclusion: not very well.
Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
READ MORE


 News You Can Use


Mosquitos: A bit about the bite
First of all, mosquitos don't bite. They suck. And, according to experts, some people seem to be immune to their "bite." Mosquitos like 1 out of every 5 people. So, if you're being bit — or sucked — regularly, then you're one of those not immune. But why?
Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
READ MORE


 

PIA Weekly Industry News
Colby Horton, Vice President of Publishing, 469.420.2601
Download media kit

Rebecca Eberhardt, Content Editor, 469.420.2608   
Contribute news

Gary Wolcott, Editor/Writer for PIA Western Alliance, 503.724.9028   

Be sure to add us to your address book or safe sender list so our emails get to your inbox. Learn how.

This edition of the PIA West Weekly Industry News was sent to ##Email##. Did someone forward this edition to you? Subscribe here -- it's free!
Recent issues
July 16, 2014
July 9, 2014
July 2, 2014
June 25, 2014



7701 Las Colinas Ridge, Ste. 800, Irving, TX 75063