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Do insurance companies have any friends left on The Hill?
Insurance companies find themselves back in a familiar position on Capitol Hill these days: the villain.
Amid the problem-plagued rollout of the Affordable Care Act, insurers, which perhaps have the most to gain — or lose — from Obamacare, have few friends on either side of the aisle. This isn't new. Democrats have never liked the insurance industry and trashed it as greedy and harmful throughout the lead up to the Affordable Care Act's passage. Republicans, traditionally an industry ally, have grown increasingly wary of insurers, which they regard as a key player in the administration's effort to get Obamacare passed in the first place.
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Democrats ramp up pressure on unemployment insurance
The Washington Post
Republicans have been working overtime to draw attention to human stories about people losing health coverage thanks to Obamacare, confident in the belief that they can win a war of anecdotes that will help destroy the law in the realm of public opinion. But more than 1 million other Americans also are set to lose another form of insurance — and in this case, it is Democrats who will be highlighting their stories in an effort to prod Republicans into doing something to stop it from happening. The insurance in question is unemployment insurance.
The evolution of insurance telematics
Insurance Networking News
Insurance telematics, also called usage-based insurance, increasingly is used to fight crime and mitigate losses, according to a new report from Celent titled "Innovation in Focus: The Great Telematics Experiment." However, the research and consulting firm says, experts still debate whether people will choose coverage that's based on tracking-devices recording how they drive.
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!
MarshBerry: Missteps in employee hiring costly for agencies
For most lines of insurance business, commission income is growing and most insurance agents and brokers expect profits to be similar or better in 2013 compared to 2012.
That's according to the 28th Annual Market & Financial Outlook Survey by MarshBerry launched in conjunction with Insurance Journal in June. The survey compiled anonymous general independent agency information along with financial, market, carrier and technology data. The survey results indicate that there is an optimistic outlook for the insurance industry.
| Industry News from PIA Western Alliance|
Obamacare: Obama reaches out to NAIC
Embattled, weary and desperate to find
solutions to his seemingly failing
signature health care reforming Patient
Protection and Affordable Care Act,
President Barack Obama recently reached out
to the nation's insurance commissioners for help.
We all know that the federal government's health
exchange website is a failure. The website barely
works. Obama administration officials promise the
website will be working by the end of November. So far the administration is sticking to the promise
though experts continue to doubt the date will be
kept and leaks within the administration agree.
Congressional push to modify flood rates falters
The Biggert-Waters Act reformed the National Flood
Insurance Program, now rate increases for flood
insurance are happening and those increases are
making a lot of people unhappy. While some home and business owners are fuming,
some members of Congress are feeling the political
pressure. That's leading to a push for reform of the
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Obama and insurers on Obamacare promise fix
In his effort to keep his "you can keep your
insurance" promise, President Barack Obama has
proposed a fix that will help as many as 5
million people keep insurance plans that
Obamacare said do not meet minimum
standards. As their policies expired people
The Polls: Healthcare.gov and Obamacare
Gallup says people are not happy at all with the
Obamacare federal and state exchanges. Since October, getting on and getting insurance through the federal
been extremely difficult. Some state exchanges work
well, but others are very unpopular.
Farm bill: Negotiations fail
There isn't a lot of time left before Congress recesses for the
year. We're now in the Thanksgiving recess and coming next
— and soon — is the annual holiday vacation. And while
Congress plays, several critical bills have seen no action.
One of them is the farm bill.
Missed last week's issue? See which articles your colleagues read most.
Wildfires: 4.5 million homes at risk
Verisk Insurance Solutions did an analysis
of homes at extreme or high risk for
damage or total destruction by wildfires.
There are 4.5 million of them and most
are in PIA Western Alliance states. California has the highest number at close
to 2 million. In terms of percentage of homes at risk, Idaho leads that category at a little
more than 24 percent.
On black holes
Insurance Networking News
Since most insurers are cash-positive and adopt some fairly opaque devices to recognize long-term liabilities, financial inaccuracies can go undetected for a surprisingly long period. By the time it is discovered that claims reserve amounts have been ignored or suppressed or premium earning patterns distorted, the impact can be quite devastating. Despite the best efforts of regulators, even with a much greater degree of oversight these days, mistakes, of course, still happen and will continue to do so. Though problems of each firm may be of a different magnitude, the root cause appears to be much the same; each seems to have experienced a breakdown in financial controls.
Internet marketing: Don't waste your time on the Internet
By Jeffrey Dobkin
Small business advice: You don't need a "great" website. What Internet marketing expert told you that you did? Is the Web a viable way to earn a living? Sure, if you have the time, the money and the talent. And the staff. Then, add more time, money and staff because everything changes rapidly. Every time Google draws a line, you'll need to jump — and don't worry, they'll tell you how high. Here's what you're doing wrong and what to do about it.
1 in 10 women love pets more than partners
A survey by an animal charity in Britain came up with an
unusual twist on love and relationships. Here are the
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