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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 and Obamacare navigators
The U.S. Department of Health and Human Services
recently released the long anticipated Final Rule on health care
navigators. It doesn't look much different than the
proposed rules sent out in April. The document covers an array of topics ranging from public
comments to conflict of interest claims and fraud potential. It
also notes that if a licensed insurance agent wishes to become
a navigator, the agent must be licensed/certified as a navigator.
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E-signature implementation checklist
Insurance Networking News
The technology, legal framework and customer expectations have reached a point where carriers need to implement e-signature capabilities, according to Novarica.
The most liked, shared insurers on social media
Social media is this newfangled communication gizmo that comes with lots of bells, whistles and even kazoos, but what's it for? Simple answer: To communicate, but with a few wrinkles.
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Facebook Graph search for small businesses
By Mayur Kisani
In January, Facebook started rolling out a highly anticipated beta version of a new search feature, Graph Search. It was initially thought to be Facebook's answer to traditional search engines like Google, but has turned out to be a much more specific and better search functionality within Facebook. Graph Search enables users to search for anything specific — what their friends like, which restaurants they have been to in a location — or something more personal like their photos from a specified time. So how can small businesses benefit from Graph Search?
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Mary 'Lisa' Hargis: PIA says goodbye to a longtime friend
Mary "Lisa" Hargis, 60, a resident of the Forest
Grove community, died July 12 at Oregon Health & Sciences University
Hospital in Portland.
An amazing feat — NIPR active in all 50 states
The National Insurance Producer Registry says
individual nonresident licensing and renewals are now
available for all 50 states and the District of Columbia.
NIPR Executive Director Maryellen Waggoner said the
implementation of initial nonresident licenses in
Massachusetts means that producers can now utilize
NIPR for all of their nonresident licensing needs.
How exchanges work: Doctors in dark
A physician staffing group called
LocumTenens.com did a survey of the
nation's physicians on Obamacare and the
health insurance exchanges that will go
into operation next year. A huge
percentage of the doctors surveyed don't think the exchanges will open
on time, and most of them have no idea
how the exchanges or Obamacare will
impact their practices.
Anxiety: Corporate, consumer, financial planning
A couple of interesting reports surfaced this
past week on anxiety in relation to finances and
employee benefits. They relate to consumers
Missed last week's issue? See which articles your colleagues read most.
Helping insurers designated as significantly important by FSOC
Some insurers have been deemed systemically risky to
the nation's entire financial system. They are AIG and
Prudential Financial Services. MetLife is also being
Prudential is appealing the designation. AIG is not. MetLife has proposed an alternative.
Rates 1: Is this the best getting better gets?
The Council of Insurance Agents & Brokers
think the nice increases we've seen in
commercial and personal lines rates are just
about done. Leveling off
is the new mantra. The CIAB's quarterly
Commercial P/C Market Index Survey
showed average commercial rates rose 4.3 percent
in the second quarter of this year, compared to
5.2 percent in the first.
Rates 2: Getting better will keep getting better
Several reports show insurance
rates leveling off and maybe even softening a bit. While
few dispute that there are always some concerns about
rates, William R. Berkley of W.R. Berkley Corporation disagrees with the notion that rates are leveling off.
They're not turned on: Consumers and home anti-theft devices
Nationwide Insurance just finished a study on
home anti-theft devices. What's surprising is
that 79 percent of us have some sort of anti-theft
measure employed in our homes. They range
from alarm systems to dead bolts.
Promoting Obamacare: Pitching celebrities
The administration is growing
desperate to get the word out about
how the Patient Protection and
Affordable Care Act will work. Polls
everywhere show that consumers,
businesses and the medical industry
are woefully lacking in solid
information on how this all comes
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Senate passes farm bill
Insurance Networking News
By a vote of 66 to 27, the U.S. Senate passed the Agriculture Reform, Food and Jobs Act of 2013, otherwise known as the Farm Bill, which places more emphasis on the Federal Crop Insurance Program as the primary risk management tool for U.S. farmers. A one-year stop-gap bill similar to this one was put in place to avoid expiration in 2012; a last-minute amendment from Sen. Kirsten Gillibrand, D-N.Y., was rejected.
S&P fraud suit
U.S. District Judge David Carter in California
has ruled that the federal government may
pursue its $5 billion civil fraud lawsuit
against Standard & Poor's. The charge is
misleading investors by inflating credit
Flood insurance rate delay: A likely decision
There is a big push in Congress to delay the
rate increases required by the flood insurance
reforming Biggert-Waters Act of 2012. It
changed aspects of the National Flood
Insurance Program and is designed to
help it get out of debt. One way to do that is to
require people to pay flood insurance prices
that are actuarially sound.
Disaster: The 10 most disaster-prone states
All states face disaster. It's part of life. Some states —
like some people — are more disaster-prone than
others. For a few states in the union things like
hurricanes, tornadoes, severe weather, flooding, etc.,
are not just common occurrences, but yearly
Update: Farm bill
The House and Senate have both passed farm bills. The
current law expires on Sept. 30. There are huge
problems with reconciling the two bills. The House bill
removed all food stamp funding and cut billions more than the
bill passed by the Senate.
Disaster losses: 1st half of 2013 stats
It hasn't been a bad disaster year for insurers. The costliest events — according to Aon
Benfield's Impact Forecasting report — have been flooding in Central Europe in May
and June. The insured cost to date is $5.3 billion and most of the payouts are in
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