|This message contains images. If you don't see images, click here to view.|
Advertise in this news brief.
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 takes Capitol Hill to your backyard
Congress does an annual August recess. It's not
really a vacation. Most members of Congress head
back to their home districts — and to your
communities — for meetings with constituents.
You are one of them. Even more importantly, your members of Congress want your opinion. They know little
to nothing about insurance and this is an excellent opportunity to educate them on how
insurance works and to explain your concerns about insurance matters being handled in
| Share this article:
| Industry News from PIA Western Alliance|
Bragging rights: PIA National wins 1 for the industry
News Aug. 7 issue reported on a report by the
Government Accountability Office
in the that concluded the state
insurance regulatory system
worked well in during the Great
Recession. Regulations in place
by state regulators helped mitigate the negative effects of the 2007-2009 financial crisis
on the insurance industry.
PIA Washington, Oregon Annual Outstanding CSR of the Year Winners
PIA Washington and PIA Oregon have
named their annual Outstanding CSR of the
Year recipients. Every year the two
associations, working with the Society of
Certified Insurance Service
Representatives and the Society of
Certified Insurance Counselors give
out the award.
PIA Washington's Annual Conferment Awards
The National Alliance and PIA
Washington held the 2013 Washington
Conferment Ceremony on July 18 at
the DoubleTree Guest Suites in Seattle.
Awarded at the ceremony were CIC,
CISR and CRM designations.
Scholarships were given out and the
Outstanding CSR of the Year was named.
PIA leaders among top influential insurance women
PIA National reports that three PIA leaders are included among 18 top
women in the insurance industry. The three will be featured in the cover
story of the August issue of the National Underwriter
publication, American Agent & Broker.
COST manages and operates insurance premium finance companies for clients nationwide. The COST Program™ enables you to focus on your core business - running your insurance agency or company - while increasing profits, improving customer service, controlling the finance process, enhancing market value, creating a profit center for your business, and adding to your bottom line with no extra staff or fixed expense - If you aren't earning $30,000 to $40,000 per $1mm financed contact COST today.
Will uninsured with pre- existing conditions participate in Obamacare?
InsuranceQuotes.com had Princeton Survey
Research Associates International do a
survey on those with pre-existing conditions.
The company wanted to know if they were
going to purchase health insurance in
January as required by the Patient
Protection and Affordable Care Act. Most — 70 percent — haven't decided.
Obamacare Exchanges: Is your ID secure?
The Obamacare health insurance exchanges
are websites set up by the individual states
operating their own exchanges or they're
exchanges set up by the federal government in
states that have refused to participate.
Bills introduced to defund Obamacare navigators
From before the Patient Protection and
Affordable Care Act passed to now, PIA
National has pushed to have Congress allow
independent insurance agents to participate in
the Obamacare health insurance exchanges.
Missed last week's issue? See which articles your colleagues read most.
Progressive pushes Snapshot: Consumers aren't so sure
The interest in usage-based auto insurance is
growing. One of the more aggressive companies
using the technology is Progressive. Company CEO
Glenn Renwick said usage-based insurance is
working and their business is growing but the firm is looking for just the right message to
make it work better.
Obamacare: Customers value brokers
PIA National reports that insurance brokers dealing with
health benefits are undergoing a crisis in self-confidence
at the same time as their potential clients say they place a
high value on what the brokers offer.
| Looking for similar articles? Search here, keyword OBAMACARE.|
Consumers going direct return to independent agents
For years PIA National has pushed the value of using
the independent insurance agent. Most independent
insurance agents and agencies have done the same.
Over the last few years surveys and studies have
shown that consumers are seriously testing mobile applications and the Internet when it
comes to purchasing insurance.
Agency growth higher than brokers in quarter 2
Regan Consulting's second quarter report Organic
Growth and Profitability had good news for midsized
and privately held insurance agencies. They
had more organic growth than their brokerage firm
competition in the second quarter of 2013.
Stabilizing rates: July's insurance rate increases
July was not as good for rates as June. Or so says
MarketScout, whose July rate report notes
insurance rates have jumped at an average of
5 percent per month for the last four months. July's
P&C rate increases dropped an average of a full
point to plus 4 percent and personal lines fell to plus
3 percent compared to 4 percent in June.
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
Update: TRIA renewal
Hopefully Congress is paying attention. A report issued by
Fitch Ratings said the insurance market — particularly the
workers' compensation segment — will be seriously affected
if the Terrorism Risk Insurance Act is not reauthorized
Disaster: Hurricanes and tornadoes
In terms of hurricanes and tropical
storms, this year has been relatively
mild. Earlier this year, the National
Oceanic and Atmospheric
2013 would be a very active
hurricane year. At the very least,
NOAA said it would be an above-normal
hurricane year. So far it has been neither.
Around the PIA Western Alliance states
Just for Fun: Justice American style
Sometimes justice isn't justice and we have to create
Roger Herrin of Harrisburg, Ill., lost his son in a car
accident in 2001. He was ordered by an appellate court
to repay $500,000 in insurance money from an award
related to the car accident. The reimbursement followed
years of legal disputes about how the insurance money
was apportioned to the crash victims.
In protest, Herrin repaid nearly a third of the money — $150,000 — with 50-pound bags
of quarters he had trucked in by the Federal Reserve bank in St. Louis. The coins
weighed four tons and were packed in dozens of bags.
Herrin says he paid in quarters because paying in pennies wasn't feasible.
7701 Las Colinas Ridge, Ste. 800, Irving, TX 75063