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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: Obamacare questions answered
The U.S. Department of Health and Human Services will be conducting a free, live webinar for PIA members at 1-2:30 p.m. EDT, Sept. 27. Not only will HHS take your questions, but this agent-focused webinar will cover an array of topics, including agent registration, online training and testing and pathways for individual and group enrollment.
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 PIAW Happenings


PIA Montana Producer Seminar
We're a week away from the annual PIA Montana Producer Seminar. It's not too late to register for two days of excellent education, networking opportunities. The 4th annual PIA Montana Producer Seminar will be held Oct. 3-4 at the Holiday Inn in Bozeman, Mont.
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PIA Washington/Alaska and IIABW's Annual Conference
PIA Washington/Alaska teams up again this year with the Independent Insurance Agents and Brokers of Washington for its annual conference. This year the third annual Washington Joint Conference is Oct. 20-22 at The Sheraton Hotel in Seattle.
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Congratulations! PIA Oregon/Idaho member Oregon Mutual wins award
The PIA Western Alliance congratulates PIA Oregon/Idaho member and K-Klub member insurer Oregon Mutual. It is one of four firms receiving a national award for IT innovation. The 2013 SMA Innovation Action Award was given by Strategy Meets Action.
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 Industry News


US congress divided as federal shutdown
InsuranceNewsNet.com
Less than two weeks before a threatened U.S. government shutdown, leaders of the House and Senate have each ruled out the other's demands for a funding extension. America's latest fiscal standoff revolves around funding for President Barack Obama's signature health care law.
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 Industry News from PIA Western Alliance


PIA National likes NARAB II and simplified licensing
On Sept. 10, the U.S. House passed the National Association of Registered Agents and Brokers Reform Act (NARAB II)(H.R. 1155). PIA National likes the passage of NARAB II and favors innovations that streamline agent and broker licensing as long as they do not undermine the principle of state-based regulation of insurance.
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State regulation of insurance: Jefferson would agree
Ben Nelson is the CEO of the National Association of Insurance Commissioners. He also had a long career in the U.S. Senate as a senator from Nebraska. With all that experience you have to assume that Nelson knows government. That he does.
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TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

    Obamacare: A rate hike analysis (PIAW)
PIA National: Need a new flood insurance carrier? (PIAW)
The 5 critical Cs of acquisitions (By Rick Dennen)
PIA Washington/Alaska and IIABW's Annual Conference (PIAW)

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


The TRIA renewal push
The recent 9/11 anniversary got the Terrorism Risk Insurance Act renewed attention. PIA National and several industry groups and insurers are pushing for Congress to renew TRIA before it expires at the end of 2014. Key members of Congress and the Obama administration are lukewarm to the idea, if not adamantly opposed.
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Small business, Obamacare and employee insurance
The Patient Protection and Affordable Care Act goes into full effect — or very close — on Jan. 1. On Oct. 1, those without insurance will be required to contact their state's insurance exchange about getting insurance. They have until Jan. 1 to purchase a plan or be fined. Small businesses will be heavily impacted by Obamacare and its rules.
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Report: Rates and work comp
Commercial insurance prices are continuing their upward movement and will likely continue to rise in at least the near future. This from Towers Watson and its Commercial Lines Insurance Pricing Survey or CLIPS. It shows prices have jumped 10 quarters in a row.
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Special report: Obamacare begins in earnest
The hype — positive and negative — is over. Obamacare takes its most serious step forward when the long anticipated state insurance exchanges open for business. Those without access to health insurance have between Oct. 1 and Dec. 31 to register and pick a health insurance plan.
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FEATURED ARTICLE
TRENDING ARTICLE
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Taking a look at the inevitable health exchange glitches
Insurance Networking News
Among other concerns, some big health insurers have decided not to participate in many state exchanges and patient advocates are worried insurers will create networks with fewer doctors and hospitals.

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Getting started with Facebook Ads
By Mayur Kisani
According to Facebook, "People who like your page spend an average of two times more as your customers than people who aren't connected to you on Facebook."

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Where US reinsurers write the most business
Insurance Networking News
The most popular country for U.S.-based reinsurers to assume P&C premiums from is the United Kingdom, including Northern Ireland, which emerges as the leader for 2012 in a new analysis of statutory data by SNL Financial.

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The push to put off flood rate hikes
Several members of the U.S. House of Representatives and the Senate want the Federal Emergency Management Agency to delay the flood insurance rate increases due to go into effect next month. FEMA — who manages the National Flood Insurance Program — can't put off the increases without congressional approval.
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Colorado flooding: An answer to why?
The disastrous rains and heavy flooding in Colorado and some of the other Western states is an ongoing story and one that changes daily. More than 1,500 homes were destroyed by the flooding and another 20,000 were damaged. The floods have impacted 17 Colorado counties.
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Prudential latest systemic risk designee
The Financial Stability Oversight Council has spoken and made it official. Prudential Financial joins AIG as insurers given a designation as being potentially risky to the entire U.S. financial system. MetLife is in the final stages of being given the same designation.
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Looking for similar articles? Search here, keyword SYSTEMIC RISK.


MetLife: No to financial system risk designation
MetLife is one of the insurers being targeted by the Dodd-Frank Act's Financial Stability Oversight Council as a threat to the entire financial system of the United States. To date AIG and Prudential Financial are the only insurers receiving that designation.
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Customer satisfaction — 2 reports
For decades PIA has been preaching the power of the independent insurance agent and your importance to the business community and to homeowners, auto insureds and other consumers. A new study from J.D. Power and Associates proves the push.
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Fitch ranks insurers
Fitch Ratings took a five-year look at the operating performances of insurers in the 20-largest markets. Statutory Performance Rankings (2008-2012) looks at underwriting performance, net profit margin, cash flow, internal capital formation and return on capital.
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 News You Can Use


A broader approach to reach Generation X
InsuranceNewsNet.com
For advisors, the bad news about selling life insurance to Generation X is that this generation, already underinsured, is falling even further behind in terms of coverage. The good news is that Gen X is keenly aware of it. The most important insight for advisors, however, may well be that there's an opportunity for financial planners to broaden the discussion about how life insurance fits into the overall protection goals of a Generation X household.
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Educate your patients: 5 tips for teaching about insurance
By Jessica Taylor
Health insurance is every practice's nightmare. I'm sure you have millions of questions that arise when you're pulling and filing claims. Don't fret, though, you're not the only one who's confused. Most of your patients do not know about their insurance either, and it's up to you to educate them. USA Today had reported that about 7 million Americans are estimated to start buying health insurance as part of the new law, but a new survey showed they don't understand the basics of how insurance works or is provided.
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 Around PIA Western


Around the PIA Western Alliance states

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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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