This message contains images. If you don't see images, click here to view.
Advertise in this news brief.




  Text version    RSS    Subscribe    Unsubscribe     Archive    Media Kit Dec. 11, 2013

Home   Services   Membership   About PIA   Job Board      

 

NAIC pushes Obama administration to support state regulation
National Association of Insurance Commissioners President and Louisiana Insurance Commissioner Jim Donelon wants to open discussions with the U.S. Treasury regarding state-based insurance regulation. The NAIC wants the Treasury to provide more support for state-based regulation in all forums, particularly in the discussions of the International Association of Insurance Supervisors.
   Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
READ MORE  




 PIAW Happenings


PIA National wants nominations for 3 prestigious awards
PIA National is looking for nominations for its three prestigious 2014 awards. They are:
  • The 2014 PIA National Professional Agent of the Year Award
  • The 2014 Customer Service Representative (CSR) of the Year Award
  • The 2014 Young Insurance Professional (YIP) of the Year Award
The awards will be presented during a luncheon ceremony on March 28 in Arlington, Va. The ceremony is held in conjunction with the 2014 PIA Federal Legislative Summit and the 2014 PIA National Spring Governance Meetings.

Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
READ MORE


The states and health plans
PIA National reports that officials in at least a half-dozen states are taking action against health plans in new insurance markets that restrict the choice of doctors and hospitals to curb medical costs. Leading the pack is Washington Insurance Commissioner Mike Kreidler. He has prohibited several health plans from the state's online exchange for what he described as inadequate caregiver networks.
Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
READ MORE


 News You Can Use


Why HealthCare.gov should have been a mobile app
By Alex Bratton
Of all the problems with the HealthCare.gov site, perhaps the most baffling is why it was created as a website in the first place. The main target of the HealthCare.gov website is young, healthy millennials, those aged 18-29 years old. Since millennials don't run up big healthcare bills, their monthly premiums will subsidize the insurance benefits of nearly 4.3 million older and less healthy Americans. The problem with HealthCare.gov is that these millennials don't get their information the same way as older generations.
Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
READ MORE


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


Obama to urge 'young invincibles' to buy health insurance
Los Angeles Times
President Barack Obama will urge young people to sign up for health insurance at a White House forum aimed at mobilizing a demographic that is crucial to the success of his signature health care law. The recent youth summit at the White House — and the evening Google chat with White House advisors David Simas and Kal Penn to reach a wider audience — will offer Obama a chance to reengage young people, a White House official said, and the president will make brief remarks.
Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
READ MORE


Rule spells out how insurers must cover mental health care
NPR
The Mental Health Parity and Addiction Equity Act of 2008 requires health plans that offer benefits for mental health and substance use to cover them to the same extent that they cover medical and surgical care. Among other things, the law prohibits treatment limits and copayments or deductibles that are more restrictive than a plan's medical coverage.
Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
READ MORE


 Industry News from PIA Western Alliance


HealthCare.gov: Working but data not getting to insurers
HealthCare.gov's back-end is not finished. It's — depending on who's talking — 60 to 70 percent done. The back-end is where insurers get information on insureds signing up for health insurance coverage.
Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
READ MORE


Reform of flood reform: Does not resonate with everyone
Last year, the Biggert-Waters Act "fixed" a broken National Flood Insurance Program. Or did it? The law began phasing in actuarial rates for flood insurance. Once the rates began changing, the screaming started and some claim they unfairly were being hit with high rates. Most of the complaints are in hurricane prone states, like Louisiana and Mississippi. The U.S. House and Senate are looking at similar but different bills to delay those rates until a study can be done on who is impacted by what.
Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
READ MORE


Obamacare shift: Administration says use agents/brokers
Just before Thanksgiving, the Obama administration said small businesses won't be able to use the HealthCare.gov website to get insurance for their employees until November 2014. That applies to the 36 states HealthCare.gov serves and not the others. Businesses will still be able to shop for plans at healthcare.gov, however, they just won't be able to sign up their employees. So why shop, right?
Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
READ MORE


TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

    In depth: PIA National's Besesparis on state vs. federal regulation (PIAW)
Thanksgiving and cooking related claims(PIAW)
NAIC Obama meeting: Obamacare and FIO, FSB(PIAW)
PIA National: Offering lower priced MVR quotes(PIAW)

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


RIMS wants CLAIM Act passed
The Risk and Insurance Management Society likes the Claims Licensing Advancement for Interstate Matters Act — also called the CLAIM Act. It has been introduced in the U.S. House of Representatives. The bill calls upon the National Association of Insurance Commissioners to establish uniformity and reciprocity in states that license claims adjusters. To accomplish that goal, the bill sets up a multistate test for licensees rather than the individual tests now given by the states.
Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
READ MORE


Year end and new regulations; some worried
It's the end of the first year of President Barack Obama's second term. At the end of the first year of whatever administration is in power new regulations are put into play. They have to be introduced in the second year or they don't have time to get done before a president's term is complete. Many of the regulations will be opposed by business.
Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
READ MORE


No faith in small business and Obamacare
The Obama administration is now encouraging small businesses to use agents or brokers for health insurance for their employees. The SHOP program that was to be for these small businesses won't be working until November. Julie Bataille of the Centers for Medicare and Medicaid Services said, "The particular mechanism we have outlined today in many cases is very familiar to the small business community and is something that will work for them."
Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
READ MORE




Obama's promise not kept in many states
A bunch of state insurance commissioners have said no to President Barack Obama's plea to help him keep his "If you like your current health insurance plan, you can keep it" promise. Obama even reached out to National Association of Insurance Commissioners officials to get them to push the nation's insurance commissioners to cooperate. Many have not. And those that aren't, say his compromise doesn't work.
Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
READ MORE


Time for an E&O reality check
by Curtis M. Pearsall, CPCU, AIAF, CPIA, President of Pearsall Associates Inc. and Special Consultant to the Utica National E&O Program
An important component of errors-and-omissions loss prevention involves continuous improvement. This is an ideal time of year for agencies and their staff to assess the level of their E&O culture and commitment. In some respects, making this assessment is easier said than done. Perhaps a more appropriate way to look at it is whether your agency is a better E&O risk today compared to the same time a year ago. Honesty is critical for this exercise to have any real benefit for the agency and each staff member.
Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
READ MORE
Looking for similar articles? Search here, keyword E&O.


FEATURED ARTICLE
TRENDING ARTICLE
MOST POPULAR ARTICLE
The ultimate guide to buying insurance on HealthCare.gov
The Washington Post
We're inching closer to Obamacare's Dec. 23 deadline for purchasing insurance coverage that begins on Jan. 1. This guide is what you need to know.

Share on FacebookTwitterShare on LinkedinE-mail article
read more
Beyond insurance: How to protect both the business and personal assets
By David B. Mandell, JD, MBA, and Jason M. O'Dell, MS, CWM
In our litigious society, business owners, as well as their companies, are high-visibility lawsuit targets. Lawsuits and claims from employees, customers, competitors and even the government are part of doing business today — in virtually every field, including the insurance industry.

Share on FacebookTwitterShare on LinkedinE-mail article
read more
Insurance companies learn to gaze into the future
Insurance Networking
Recently, James Taylor, president of Decision Management Solutions, in cooperation with SourceMedia, published the results of a survey on the use of cloud to support predictive analytics, finding a majority of companies from all industries are enthusiastic about its potential.

Share on FacebookTwitterShare on LinkedinE-mail article
read more


Conning: Insurer performance — small, mid-size do best
Conning — the research and consulting company — just issued an interesting report. Titled Growth and Profit Leaders in Personal Lines Insurance, it outlines which personal lines insurers have done the best from a growth and profit standpoint in the last decade. Small and mid-size insurers — surprisingly — beat out their larger kin.
Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
READ MORE


Special report: Insurance rates and 2014
MarketScout's CEO Richard Kerr said commercial insurance rates rose by 4 percent in November when compared to a year ago. Personal lines rates jumped 3 percent for the same time period. Rates have been climbing for the last couple of years. But Kerr said that may be coming to an end. "If insurers' profits are tallied as anticipated, we expect lower rates in 2014."
Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
READ MORE


US Chamber: Systemic risk designation — limits needed
The insurance industry has a new ally. The U.S. Chamber of Commerce says the Dodd-Frank Act's Financial Stability Oversight Council needs some limits on how it designates nonbanking businesses whose failure would pose a threat to the entire U.S. economic system.
Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
READ MORE



How are your vendors doing? Tell us in the Professional Insurance Agents Marketplace.


Update: Catastrophe costs
A recent and rare tornado event across the Midwest caused 81 twisters. That includes two EF-4 — 166-200 mph — storms in Illinois. The events caused total insured losses of more than $1 billion. The increasing number of tornadoes with billion-dollar losses is the reason insurers and reinsurers are more focused these days on noncoastal weather events. It's also why there is now a bigger push for tornado resilience in both residential and commercial structures.
Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
READ MORE


Uninsured drivers: A growing concern
Uninsured drivers are becoming an increasing concern of state officials and state regulators. Crashes involving uninsured drivers are costing the victims millions of dollars in medical and property bills. Estimates from the Insurance Research Council show 14 percent of the drivers out there are not insured. The IRC calls it a "chronic" problem that states have not been able to fix.
Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
READ MORE


Google Glass wearing lady ticketed
It had to happen eventually. The first ticket in the nation for someone wearing Google Glass glasses while driving was handed out in San Diego in October. Cecilia Abadie was stopped for speeding. The officer stopping her noticed that she was wearing glasses called Google Glass. Though she denied having Google Glass turned on while driving, she pleaded guilty in court to both charges.
Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
READ MORE


 Around PIA Western


Around the PIA Western Alliance States

Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
READ MORE


 

PIA Weekly Industry News
Colby Horton, Vice President of Publishing, 469.420.2601
Download media kit

Rebecca Eberhardt, Content Editor, 469.420.2608   
Contribute news

Gary Wolcott, Writer for PIA Western Alliance, 503.724.9028   

Be sure to add us to your address book or safe sender list so our emails get to your inbox. Learn how.

This edition of the PIA West Weekly Industry News was sent to ##Email##. Did someone forward this edition to you? Subscribe here -- it's free!
Recent issues
Dec. 11, 2013
Dec. 4, 2013
Nov. 27, 2013



7701 Las Colinas Ridge, Ste. 800, Irving, TX 75063