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Getting rid of Congress and the government shutdown
While the people of the U.S. are glad the stalemate between the Republicans and the Democrats and the president over the debt extension and money to run the federal government is over, they're still really angry with Congress and the administration. Fairly recently, an NBC/Wall Street Journal article stated that a huge percentage of us want to replace the current Congress. As the agreement was reached, Republicans and Democrats and the president all continued to point at each other in the game of blame. President Barack Obama signed the bill and reopened the government. He said the deal lifts a cloud of uncertainty and unease.
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 PIAW Happenings


PIA partners: Helping you reduce MVR expenses
PIA National has formed a groundbreaking and revolutionary partnership promises to change the way you use motor vehicle reports. Through PIA's exclusive partnership with Drivers History, PIA members can access a program called DocIT, a Web-based, propriety database of driver violation data that is available to you at a fraction of the cost of a typical MVR.
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PRODUCT SHOWCASE
  Who wants to eliminate their deductible?

A new Deductible Reimbursement Insurance is now available to all residents of the Western Region (except Alaska). Licensed insurance agents may now sign up on the ZeroDeductible website and offer deductible reimbursement insurance to their clients directly for their auto, home and boat policies.

Click here
to learn more!
 


 Industry News from PIA Western Alliance


Congress: On with the business of crop insurance
Now that Congress has settled the issue of raising the national debt and restarted the federal government, President Barack Obama is onto other things. He recently attacked Republicans in the House for not passing a farm bill.
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Obamacare: A question and an observation
The Obamacare marketplaces — or exchanges if you're not keeping up with terminology — are open in all states. People still are reporting that it's almost impossible to get onto the ones operated by the federal government and some of the exchanges operated by the states. The marketplaces are accessed online. You can't go to an office locally, regionally or statewide to get access. It's all online. Pew Research recently found a huge hole in the Obamacare armor. It seems that 21 percent of those that are uninsured and who must get said health insurance by Jan. 1 or face a fine, are not online and are not Internet users.
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What's changed in the world of agents' E&O?
By Curtis M. Pearsall, CPCU, AIAF, CPIA, President of Pearsall Associates Inc., and Special Consultant to the Utica National E&O Program
Let's go back in time to 1983. It was around then that some court cases addressed different scenarios of when and by whom an agent could be sued. In many respects, these cases helped shape the landscape for the types of plaintiffs we see with greater frequency today.
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The exchanges: Other websites mislead consumers
We have to thank former PIA Oregon/Idaho president Rich Kingsley who originally brought this to Weekly Industry News' attention. The Obamacare exchanges — now known as marketplaces — have not worked all that well the first three weeks of activity. That has been detailed to death in news reports. And now, as if not being able to access the sites or being kicked off if a consumer is finally able to gain access is not bad enough, there are websites out there that can convince consumers that they're on a federal or state exchange when they're not.
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KBW, PIA National: What happened to the hurricane season?
Keefe, Bruyette & Woods tracks things like underwriting results. The company just released an interestingly titled report called, "What If They Threw a Hurricane Season (And Nobody Came)? 3Q13 Preview." In other words, one reason for excellent property and casualty third-quarter insurers underwriting results, is because of an almost nonactive hurricane season. The report said, "just to get the obvious out of the way, we expect most insurers should post very strong underwriting."
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Looking for similar articles? Search here, keyword HURRICANE.


FEATURED ARTICLE
TRENDING ARTICLE
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Federal government shutdown insurance impact
PIAW
The federal government shutdown has impacts all over the place. One place it won't impact is flood insurance. The Federal Emergency Management Agency managed National Flood Insurance Program is allowed by law to continue activities because the NFIP is funded by sources.

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5 ways to improve your LinkedIn profile
By Mark Kats
Biggest benefits from technologies include the use of automation and operational metrics, according to a new survey of chief claims officers by Towers Watson.

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2012 insurance conduct complaints
PIAW
Every year for the last nine, Wolters Kluwer Financial Services has released its analysis of consumer complaints against insurance. The data comes from state insurance regulators. Wolters Kluwer's Kathy Donovan said — to be fair — one problem faced by insurers is constantly changing regulations.

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Greenberg and the ongoing AIG/Federal government lawsuit
Former AIG president and CEO — and AIG founder — Maurice "Hank" Greenberg and his company Starr International and some stockholders are suing the federal government for $25 billion dollars. He contends the 2008 $187 billion bailout caused him and many stockholders to lose millions of dollars.
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Willis and next year's rates: A big drop predicted
While most insurers and groups tracking insurance rates see a very positive 2014, Willis does not. In its recently released "Marketplace Realities 2014: Innovation and Continuity," Willis said that is not necessarily a bad thing. An infusion of new capital into insurers and improved catastrophe modeling, falling reinsurance rates and not much in terms of CAT losses in 2013 will case rates to fall.
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 News You Can Use


What the slow pace of modernization costs insurers
Insurance Networking News
CIO advocate at X by 2 Inc., a technology company specializing in software and data architecture and transformation projects for the insurance industry, Frank Petersmark writes: "I had an opportunity to attend the Property Casualty Insurers Association technology conference in September in warm San Antonio. While there were interesting discussions around emerging technological trends — think telematics and real-time risk modeling — thematically, the conference seemed to center on the continuing efforts of carriers to modernize their core systems and processes. This has been a long road and will most likely continue to be a focus for the industry over the next several years."
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TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

    Federal government shutdown insurance impact (PIAW)
Michael Jackson wrongful death case to change tune for entertainment insurance (Reuters)
Is there coverage for losses stemming from government shutdown or default? (Insurance Journal)
Obamacare launch — a disaster (PIAW)

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


Google, Amazon might plant big footprints in insurance distribution
InsuranceNewsNet.com
Internet superstars Google and Amazon are likely to become competitors for online insurance sales, according to predictions from life insurance and property-casualty executives polled by Accenture, a global consulting firm. The executives came from 78 European companies, but since they were commenting on digital sales trends and expectations, and since digital is global, the findings should have value to U.S. insurance professionals forming digital strategies.
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Effect of 2013 social media trends on your business
By Emma Fitzpatrick
Social Media Examiner reported in its 2013 Social Media Marketing Report that a whopping 97 percent of marketers now integrate social media into their plans. But, according to the report, only 1 in 4 were able to measure the return on investment. Staying on top of the latest social media trends allows you to connect with your customers on a personal, emotional level. Plus, it shows your audience that your brand is forward-thinking. Here are five topical changes in social media that will affect your business this year.
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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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Gary Wolcott, Writer for PIA Western Alliance, 503.724.9028   

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