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New stats on ACA, the uninsured: 2 PIA Western Alliance States among most improved
The purpose of the Affordable Care Act is to insure the uninsured and to get health care to those who cannot afford it. Whether ObamaCare is successful or not is still being debated and arguments from both sides seem to carry weight. ! So it’s going to be awhile before we REALLY know whether this grand experiment actually works.
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 PIAW Happenings


Around the PIA Western Alliance States

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PIA National joins business coalition: Congress — pass TRIA extension now
PIA has joined a broad-business coalition demanding that Congress pass Terrorism Risk Insurance Act now. The group is led by the U.S. Chamber of Commerce. A letter has been sent to key members in the U.S. House of Representatives urging a fast passage of the extension of the TRIA.
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PIA and The Hartford: A 10- year anniversary
PIA National and The Hartford are celebrating the 10th anniversary of the creation of a PIA-endorsed flood insurance program. The exclusive program was initially rolled out to PIA members on Sept. 14, 2004. Through the partnership, PIA members have access to one of the most robust and steadfast Write Your Own carriers in the National Flood Insurance Program. The Hartford has been writing flood insurance through the NFIP for nearly 25 years.
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PIA says goodbye to a good friend: Harold Anderson
PIA friend Harold Anderson recently passed away in Bend, Oregon, from complications following open-heart surgery. He was 83. Anderson will be missed. The following comes from the family's obituary.
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 Industry News from PIA Western Alliance


The federal and insurance SIFI risk designations
Insurer MetLife was just given a systemically significant designation from the Financial Stability Oversight Council. The designation is part of the regulatory reform of the Dodd-Frank Act. That means according to the FSOC its financial failure could mean serious damage to the nation's economy. So when MetLife ends up as a full-fledged SIFI, it will then be supervised by the Federal Reserve Board and will be subject to some difficult financial regulations.
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Cyberrisk: Insurers ought to worry, too
Recently, Home Depot admitted that hackers have compromised its database and as many as 60 million of its customers have now been compromised. Before that, it was eBay and Target, and the list continues to grow. These days almost every day some major corporation admits to having been hacked.
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Home Depot's cyberattack insurance — probably not enough
Home Depot got hit with a cyberbreach and recently admitted as much. More than 60 million customers had credit and debit card information compromised in 2,200 U.S. and Canadian stores. The firm is insured, but will it be enough?
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Just not right: MetLife's systemic risk decision
The insurance industry is not happy with the designation of MetLife as a systemically important financial institution — SIFI — by the Financial Stability Oversight Council. MetLife is the third insurer to get such a designation. AIG was first, followed by Prudential. Other insurers are now worried that the secretive FSOC will tab them.
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H&R Block and Obamacare tax forms
We all think taxes are too complicated and dread our annual April abuse. Now, Obamacare is in the mix for some of us. That means the Affordable Care Act is going to unsimplify those going the simple 1040EZ route.
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Obesity and workers' compensation
The National Heart Forum predicts that by 2030, 51 percent of us will be obese. Pardon the play on words, but at that percentage, the problem of being huge becomes huge. That same forum also predicts that medical expenses related to obesity could hit $344 billion per year by 2018. That figure makes up 21 percent of current health care spending in the United States.
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TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

    Cybersecurity 1: The list keeps growing (PIAW)
PIA Western Alliance member Berkley North Pacific among best insurance places to work (PIAW)
Mergers and acquisitions: More coming with a twist (PIAW)
MetLife disappointed about systemic risk designation (PIAW)

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


Morgan Stanley study: Insurer customer service needs improvement
Morgan Stanley and Boston Consulting Group did a study of insurer customer service and compared it to that of other industries. The study is titled Insurance and Technology: Evolution and Revolution in a Digital World. Insurers could stand some improving.
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Cover Oregon update: No special session to determine Cover Oregon fate
Calls for a special session of the Oregon Legislature to shut down the failed Obamacare exchange Cover Oregon is not putting a dent in the resistance of Gov. John Kitzhaber and key Democrat leaders.
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Commercial insurance prices slow in 2Q
The second quarter wasn't bad for P&C insurers in terms of rates. Prices continued to rise. They just didn't rise as much as they have in the last couple of years. Or so says Towers Watson's quarterly CLIPS survey.
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Not your father's insurance company
Insurance Networking News
It's been said many times before that the only constant is change. There are new companies and business models continuously challenging the status quo. These businesses created a market and quickly delivered capabilities people didn't know they needed or valued. As we see the digitization, democratization and adoption of new products and services, we need to think about how our industry needs to evolve to keep up.

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Agents sue for compensation: The importance of agents on Obamacare exchanges
PIAW
Most aren't surprised that more lawsuits aren't coming from other states on Obamacare compensation. For example, Oregon agents continue to complain that they have not been compensated for assisting consumers with health insurance purchases on the state's failed Cover Oregon exchange.

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Sept. 11: 13 years and TRIA renewal
PIAW
It has been 13 years since that awful day. On Sept. 11, 2001, terrorists from al-Qaida took control of four planes and crashed two of them into the World Trade Center in New York City, one of them into the Pentagon and another crashed in Pennsylvania before it could complete its mission. When the destruction was done, close to 3,000 people were dead.

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California wildfire destroys logging town
On Sept. 15, a wildfire tore through the Northern California town of Weed and destroyed or did major damage to more than 100 buildings. The town has a population of 3,000 and 1,500 were evacuated to the local fairgrounds as the blaze worked its way through the town.
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How you can personally avoid a data breach
A recent article published by USA Today offers some important tips on how you can avoid becoming a victim of a data breach, like the one recently revealed by Home Depot and such as the one experienced by customers of Target, eBay and the major banks, who now say they've been hacked and others.
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Napa earthquake update
President Barack Obama has declared the Napa, California, area a disaster and now federal funds will be available to help with recovery from the 6.0 scale earthquake.
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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, Editor/Writer for PIA Western Alliance, 503.724.9028   

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