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The sequel: Do you like your health insurance plan? You can keep it
Sequels are really popular at your local theater box office. They're not so popular when it comes to Obamacare. Remember this? If you like your health care plan, you can keep your health care plan. That was the promise. This is what President Barack Obama told the American Medical Association in 2009. Then a year ago, when plans got canceled that didn't meet Affordable Care Act minimums, thousands of people lost insurance plans they liked and wanted. It led to an explosion of criticism from every corner of the country.
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 PIAW Happenings


Kelsey Wood: PIA Oregon/Idaho Agent of the Year
Kelsey Wood, the president and principal agent of Gordon Wood Insurance & Financial Services in Roseburg, Oregon, is the PIA Oregon/Idaho Agent of the Year.
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Around the PIA Western Alliance States

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 Industry News from PIA Western Alliance


Snapshot 1: The 1st half of 2014
The Insurance Services Office and the Property Casualty Insurers Association of America released a picture of what the first half of 2014 looked like from a financial perspective. The results are a mixed bag.
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Snapshot 2: The 3rd quarter of 2014
Every quarter, Keefe, Bruyette & Woods does insurance projections for its investors. The firm said the underwriter results of the third quarter of 2014 looked "very strong." The report is titled: The Mice Sure Got to Play: 3Q14 Preview. Low catastrophe losses and practically no hurricane damage from the very few hurricanes bumped up the results.
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PRODUCT SHOWCASE
  35 Tech Tools for Ins. Agents (ebook)

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More data breaches: Insurers scramble to keep up
An insurer finally got hit by a data breach. Bond insurer MBIA's subsidiary Cutwater Asset Management said a "mistake" exposed the account numbers and balances of its clients to a simple Google search. The subsidiary manages $23 billion in assets.
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Wal-Mart enters health insurance business
Six months ago, Wal-Mart entered the auto insurance market and started selling auto insurance in its stores. Recently, the retail giant announced it will do the same with health insurance.
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Cover Oregon to disband
The Cover Oregon board of directors originally said it wanted to keep Cover Oregon going. Gov. John Kitzhaber wants it disbanded and its responsibilities transferred to the Oregon Health Authority and to the Oregon Insurance Division. It was a potential — and maybe embarrassing to the governor — political conflict.
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Oklahoma, Commissioner Doak and Obamacare navigators
One of the complaints most insurance professionals have about the Affordable Care Act's navigators is that they do not need to be insurance professionals. In most states, they do not have to have any insurance training or purchase errors and omissions insurance. But they are not allowed to sell or recommend insurance plans.
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TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

    Another very successful PIA Washington & IIABW Annual Joint Conference concludes (PIAW)
PIA Washington/Alaska Agent of the Year and Company Person of the Year Awards given (PIAW)
The Affordable Care Act — Act II (PIAW)
Update: Another judge blocks Medicaid for poor in non-Obamacare exchange states (PIAW)

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


Producers bagging health insurance sales — Obamacare to blame
McKinsey & Co. did a survey of those selling health insurance and found producers around the country are seriously looking at leaving the health insurance business. The figure — of the over 1,000 surveyed — is a full third or 33 percent.
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MetLife officially appeals: FSOC looks at changes
MetLife formally is challenging the systemically important designation given to it by the Financial Stability Oversight Council. Speculation had MetLife making a challenge and the firm made it official in its Oct. 3 regulatory filing.
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Greenberg suit: AIG and the US government
It's a complicated lawsuit. AIG founder and former CEO Maurice "Hank" Greenberg is suing the U.S. government for the bailout of AIG in 2008. Greenberg contends the government had no right to seize private property and he argues that seizure cost him billions. Greenberg and Starr International were AIG's biggest stockholders.
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Looking for similar articles? Search here, keywords INSURANCE TRENDS.


FEATURED ARTICLE
TRENDING ARTICLE
MOST POPULAR ARTICLE
The evolving cyberrisk landscape and the insurance industry
The National Law Review
Liabilities from cyberattacks and threats to the data security of cloud computing and social media have become key emerging risks for carriers. The unprecedented rise in cyberattacks, in addition to the threat cyberrisk poses to global supply chains, has seen the cyberinsurance market grow significantly in recent years.

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PIA and the industry mourn the loss of Herm Deiss
PIAW
PIA Oregon/Idaho, and much of the insurance industry in Oregon, are mourning the loss of Herm Deiss. Herm was loved far and wide for his love of people and an incredible sense of humor.

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Act II of Obamacare: A look at the upcoming year
PIAW
The consulting company, the Segal Group, took a look at what employers can expect from the Affordable Care Act in 2015. Here are the conclusions of the Segal Group's 18th Annual Health Plan Cost Trend Survey.

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Special report: The workforce, the economy
Agencies. Producers. You may already know this, but if you don't, it is important that you do. One in 3 workers today — around the globe — is over age 50. Allianz Senior Economist Dr. Michaela Grimm is the source of that statistic. Not much for retirement savings and the effects of the recession have kept older employees in the work force.
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Oregon's biennial US work comp rate study
Oregon's biennial workers' compensation rate study has been released. It's done every two years by the Oregon Department of Consumer and Business Services and checks the workers' compensation rates for every state in the nation.
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MarketScout: September rates
MarketScout released its September look at insurance rates. On average, commercial insurance rates rose 1.5 percent. While rates are up, MarketScout CEO Richard Kerr said overall things are trending down. "We are measuring changes with a high degree of sensitivity because the monthly changes are ever so slight. However, rates clearly continue to drift downward."
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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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