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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 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 Washington, D.C.
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 Industry News from PIA Western Alliance


Bragging rights: PIA National wins 1 for the industry
Weekly 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.
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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.
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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.
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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.
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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.
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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.
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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.
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TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

    PIA National's continued push for agent use in Obamacare exchanges (PIAW)
Policy management systems: Prepare for tomorrow (Insurance Networking News)
The most important employment documents (By D. Albert Brannen)
Doctors and Obamacare: A failing grade (PIAW)
PIA Western Alliance's newest staff member: Welcome Michele Cowles (PIAW)

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


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.
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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.
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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.
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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.
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FEATURED ARTICLE
TRENDING ARTICLE
MOST POPULAR ARTICLE
11 tips every home owner needs to know about insurance
Fox Business News
Insurance requires you to think about bad occurrences, but although it may sound pessimistic to dwell on what could happen, it's important to protect yourself from some of life's biggest surprises.

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Gmail segregates 'promotions': Why this won't slow down the email-marketing machine
TIME
Gmail's new tabs system separates marketing messages into a "Promotions" box, making it easier than ever to ignore email ads. Yet one theory holds that Gmail's new design could actually make email marketing more effective.

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Doctors and Obamacare: A failing grade
PIAW
A large number of the nation's physicians will tell you that health care reform is necessary. Early on many of them were very happy about the idea of the reform ideas that led to Obamacare.

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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.
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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 Germany.
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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 by Congress.
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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 Administration predicted 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.
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 Around PIA Western


Around the PIA Western Alliance states

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 Just for Fun


Just for Fun: Justice American style
Sometimes justice isn't justice and we have to create our own.

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.

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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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