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Keep your plan 1: President apologizes, or did he?
In the campaign to get the Patient Protection and Affordable Care Act passed by Congress, President Barack Obama said — paraphrasing — if you like your current health insurance plan, you can keep that plan. It turns out the statement ranges from partly true to an outright lie depending on the insurance policy and your political point of view.
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Keep your plan 2 — 2 bills to keep the promise
As he was trying to pass the Patient Protection and Affordable Care Act President Barack Obama promised if people liked their current health insurance plan, they could keep that plan. Those being nice say it turns out to not be a completely accurate statement. People really angry say the president out and out lied.
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 PIAW Happenings


PIA National on NFIP rate delay & flood insurance webinars
PIA National notes — as we have reported the last couple of weeks — that legislation has been introduced in the House and Senate to delay most of the new rates included in the Flood Insurance Reform Act of 2012 (“Biggert-Waters” or “BW-12”). The legislation will need to pass in both the House and Senate before any action on rates is taken. There is strong bipartisan support for this legislation in both chambers and there appears to be some willingness to move it. However, a specific vehicle or route has not yet been identified.
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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.

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ObamaCare navigator controversy — Exchanges want more agents & brokers
PIA National reports that most states have not acted to protect consumers from the risks associated with working with health insurance navigators. Your association says the National Association of Insurance Commissioners (NAIC) is drafting language to help clarify the various roles of individuals and entities in the exchange. The NAIC’s health committee, led by Chairman Sandy Praeger — the Kansas insurance commissioner — is working on a document that will help further clarify and define the roles of navigators, assisters and producers operating in the health insurance marketplace.
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PIA National disputes McKinsey report conclusions
McKinsey & Co. did a study of the independent agency system and the future of independent agents. The report’s conclusion says the marketplace is marching away from independent agents and toward commoditization of more lines. PIA National vehemently disagrees.
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 Industry News from PIA Western Alliance


Obesity — The nation's No. 1 workplace problem
The Northeast Business Group on Health did an obesity study. Weight Control and the Workplace finds that obesity is the number-one workplace challenge. The cost in employer loss is staggering. It hits $73 billion in higher health care bills for employers. For the rest of the economy the cost is even higher.
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Update — The farm bill
Not much has changed since both houses of Congress passed their own version of a new farm bill. A committee made up of members of the House and Senate met on the Oct. 30 to start to hammer out a deal. The committee — no surprise — got nowhere. Experts don’t think there’s much of a chance an agreement will be reached this year since there are only 15 actual legislative work days left in 2013.
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Buffett's complaint — Too much cash just lying around
Billionaire investor Warren Buffett has a problem. He’s making so much money that he can’t invest it fast enough. That much money makes Buffett uncomfortable. Among many other things, Buffett — as you know — owns GEICO. So he’s the one writing the checks that pay to put the green lizard in everyone’s face — constantly.
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Pay-as-you-drive — Americans still unsure
Pay-as-you-drive is a growing line of insurance. Though growth is there, telematics is still a dicey proposition for most drivers says a survey by InsuranceQuotes.com. Laura Adams of the website said, "Most Americans consider themselves better drivers than others, but few are willing to test their abilities with a pay-as-youdrive insurance program.There seems to be a general lack of awareness and confusion about these programs."
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TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

    Obamacare: Sebelius sorry and more Healthcare.gov (PIAW)
PIA National: Can't use the exchange? Use an independent agent (PIAW)
Controversy: You can keep your insurance (PIAW)
The most dangerous thing in America (PIAW)
PIA Washington mourns the passing of Bob Wallin (PIAW)

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


The hard market 1 — October rates
Like many previous months, the October composite rates for commercial lines is 4 percent- plus. It’s done a point-plus from September’s 5 percent. Personal lines looked good, too. It rose 3 percent-plus compared to 4 percent-plus in September. General liability fell the most from a little over 6 percent to a little over 3 percent. BOP accounts fell from a bit over 5 percent to just over 3 percent. Small accounts continue to be the most successful at retaining rate increases. However, they, too, fell and went from 6 percent-plus to 4 percent-plus.
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The hard market 2 — Pricing trends flat
Wholesale insurance broker NAPCO does a biannual report called State of the Market. The current issue looks at industry performance, catastrophe losses and how the rest of the year looks and makes predictions for next year. The conclusion is that in spite of an insurance market that is well-capitalized prices are surprisingly flat. Insurers — the report notes — are resisting the pressure of competition and are maintaining underwriting discipline.
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Update: The ObamaCare exchange
The Obama administration thought 800,000 would enroll in the Affordable Care Act exchanges — or marketplaces as they are now known — in the first two months. It is highly doubtful they’ll get even close to the target. A big part of the problem was inability to access healthcare.gov. The website froze up or kicked people off if they could even get on at all. The administration says 8.6 million people tried to access the site in the first three days. It was much more than the website was set up to process.
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Looking for similar articles? Search here, keyword OBAMACARE.


FEATURED ARTICLE
TRENDING ARTICLE
MOST POPULAR ARTICLE
Keep your plan 1: President apologizes, or did he?
PIA
In the campaign to get the Patient Protection and Affordable Care Act passed by Congress, President Barack Obama said — paraphrasing — if you like your current health insurance plan, you can keep that plan. It turns out the statement ranges from partly true to an outright lie depending on the insurance policy and your political point of view.

Share on FacebookTwitterShare on LinkedinE-mail article
read more
PIA National: Can't use the exchange? Use an independent agent
PIA
The few people able to access the federal government's healthcare.gov Obamacare exchange are getting health insurance sign up assistance from navigators. PIA National is offering a better solution. Even better, the message is gaining traction — traction it should have gained when Congress was putting the Affordable Care Act together more than three-years ago.

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Obamacare: Sebelius sorry and more Healthcare.gov
PIA
Unless you've been vacationing on another planet or in deepest, darkest Africa, you know the Obamacare rollout has been a huge flop. Today, this is what you find at the top of the landing page of the federal government's Affordable Care Act health insurance exchange: "The Health Insurance Marketplace online application isn't available from approximately 1-5 a.m. EST daily while we make improvements."

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Computer driven autos — Interest on the rise
The hottest new technology in automobiles is vehicles that drive themselves. A few states have made driverless cars legal on state highways, roads and streets. As more of them become available more states will make them legal. Google has a fleet of cars that drive themselves and Nissan promises its fleet by 2020. Some of the vehicles navigate through stop and go traffic. Others can even park themselves. Experts say it’s just a matter of time before just about every vehicle on the road is self-driven.
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Your clients — Midsize business owner worries
Midsize business owning is as tough a row as a person can hoe. And few anywhere worry more than the midsize business owner. They’re hammered on all sides. The ADP Research Institute — a group within ADP, a corporation specializing in capital management — recently looked at what worries midsize busineses.
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 Around PIA Western


Around the PIA Western Alliance States

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 News You Can Use


Viable fix for indiviual market may be nonstarter
Politico
It’s not so easy to repair the White House’s broken promise that millions of consumers would be able to keep their insurance coverage under Obamacare, according to several health and insurance industry experts. President Barack Obama recently apologized to the Americans who are losing their coverage despite his pledge and has ordered aides to look into options to try to fix the problem. But there are no obvious solutions that would restore their plans without significantly disrupting the insurance market.
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Connecticut claims the most life premiums written in the US
Insurance Networking News
Connecticut’s insurance industry ranks first among U.S. states for written life insurance premiums, and second for total direct written premium, according to PwC’s “2013 Connecticut Insurance Market Brief.” Despite the impressive rankings, Connecticut’s direct written premiums decreased by approximately $820 million or 2.7 percent over the last couple years, falling from $30 billion in 2010 to $29.2 billion in 2011. The number of domestic insurance entities remained constant at 110 while the number of non-domestic insurance entities decreased slightly by 1.2 percent to a total of 1,279.
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Fewer than 50,000 have signed up for insurance on ObamaCare site
Fox News
Fewer than 50,000 Americans have thus far bought a health-care plan on the problem-plagued ObamaCare website according to an insurance industry report, representing only a fraction of the half-million enrollees the administration apparently wanted the first month. The number was reported first Nov. 11 by The Wall Street and confirmed by Fox News, which was told the final reporting day was Nov. 3. The Department of Health and Human Services issued a prompt response, saying officials could not confirm the numbers.
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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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