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Special report: Cybersecurity — a seriously growing problem
So much to cover. So little space and so
Most experts will tell you that it's not a matter of "if" your company's system will be
hacked, causing stored, private information — and that of your clients' — to be compromised.
It's a matter of "when."
A recent report from Hold Security says a Russian gang already has stolen 1.2
billion Internet logins and passwords and more than 500 million email addresses from
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Around the PIA Western Alliance States
PIA Montana's Annual Producer Seminar
Montana independent agents! We know it's only August but — as you know — October
gets here quickly. Save this date:
The Holiday Inn, Bozeman, Montana
The PIA Montana Annual Producer Seminar is a comprehensive program designed for
independent insurance agents, producers, CSR's, agency management staff and
Competitive Rates from exclusive carriers. Contact All Risks, Ltd., the nation’s largest
independent wholesale insurance provider.
- Storage Facilities (All Lines)
– Aggressive rates and enhanced coverages, plus discounts for association members.
- Restaurants with Delivery (WC) – Single to multi-location/multi-state restaurants are eligible with monthly self reporting plus additional payment plans
- 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.
PIA Washington, IIABW Annual Washington Joint Conference
A change of venue marks the annual WA Joint Conference of the PIA Washington/
Alaska and the Independent Insurance Agents & Brokers of Washington. This year's
joint conference is:
Skamania Lodge is one of the best resorts in the Northwest. It lies along the beautiful
Columbia River Gorge east of Vancouver, Washington. Skamania Lodge is a place
where you can relax and lose yourself in all things PIA.
PIA Oregon, Washington KKlub Appreciation Day
— and the annual North vs. South Charitable Golf Tourney
Join PIA Oregon/Idaho and PIA Washington/Alaska for the annual KKlub Member
Appreciation Day. In addition to the annual meeting of the affiliates and some CE,
players of golf for each affiliate chapter will battle for bragging rights in the annual golf
Mark your calendar for this event:
Salish Cliffs Golf Club, Shelton, Washington
annual meeting is Sept. 9 at the Little Creek Casino Resort.
| Industry News from PIA Western Alliance|
Obamacare: 1 business perception survey
Cherry Bekaert Benefits Consulting did a survey of
employers to determine their take on the Affordable Care
Act and how it is impacting their business decisions. Most
say it is driving the cost of medical plans they provide to
employees to a higher level and it is affecting business
decisions, hiring costs and other benefits for employees.
Agent average salaries and the best, worst jobs in the US
The Bureau of Labor Statistics tracks
jobs and wages and that sort of thing. It
does so for 820 professions. The
industry is fairly well paid and agents
and brokers do well in some states and
not so well in others.
The best states for P&C sales
The results are in on insurance sales for
2013. The Insurance Information Institute — according to Business Insurance
— says it was the best year since 2008. A
recovering economy and fewer catastrophes
are the reasons why.
Question answered: Obamacare exchange rates to rise considerably
The debate has been boiling over the last couple of
months and, finally, some answers are starting to
emerge. The question is: How much will the
Obamacare health insurance exchange — or
marketplaces as they are called — rates rise?
Some say not much. Others say too much. And it turns out both may be correct.
Insurance among least trusted industries
those of the life and health variety —
among the least trusted businesses in the country. Or
so says a recent Harris Poll. Just 7 percent of those surveyed
say they trust their health insurance company and 10 percent
feel the same about their life insurers.
Missed last week's issue? See which articles your colleagues read most.
The insurance agency employment crisis
Business Insurance has been doing a series
of stories on the age of the industry and
possible solutions. Insurance agencies are
facing an employment crisis. That statement
isn't a surprise to the more observant of
agency owners or agency managers. A recent
McKinsey & Co. report says the average age of
today's insurance agent is 59. When you do the math, it appears that at least a quarter
of the agents in the nation will be retired by 2018.
Natural catastrophes: Texas leads US so far in 2014
The first half of 2014 catastrophe
losses report for the U.S. has published.
Verisk Analytics' Property Claim Services' Q2
2014 Catastrophe Review said Texas leads the
U.S. in catastrophe losses in what is being considered an
Opinion: Embracing usage-based insurance: The time is now
All of these names — pay as you drive; usage-based insurance; Snapshot; and telematics — are for the innovative insurance programs that let drivers earn
personalized rates when they choose to share information about how their car is driven.
Historically, auto insurers set prices by grouping individuals into actuarial classes. These
classes are based on observable and verifiable characteristics, like age, vehicle year/
make/model, ZIP code, claims record, etc. As good as the base science is, it lacks direct
relationship to individual driving behavior.
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Update: Cover Oregon: Oracle sues Oregon
Oregon is looking at a lawsuit against Oracle to recover millions
it spent on the state's disastrous ObamaCare health insurance
exchange. The total spent is $304 million and the majority of
those dollars went to Oracle. but, it appears Oracle has beat the state to the punch.
Obamacare: 300,000 need to prove residency
To get tax credits to purchase insurance under the
Affordable Care Act and the all-important government
help with that purchase, a person must be able to prove
their are legal residents of the U.S. or citizens.
Dangerous driving: When we shouldn't be behind the wheel
A survey from CarInsurance.com takes a
different spin on dangerous driving. The
website asked 2,000 drivers about times they
drove when they really shouldn't have been
driving. Driving while sleepy was the No. 1 answer and 68 percent said they have driven a
vehicle while drowsy.
PIA Weekly Industry News
Colby Horton, Vice President of Publishing, 469.420.2601
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Rebecca Eberhardt, Content Editor, 469.420.2608
Gary Wolcott, Editor/Writer for PIA Western Alliance, 503.724.9028
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