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  Text version    RSS    Subscribe    Unsubscribe     Archive    Media Kit Dec. 23, 2013

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PIA National responds to FIO Modernization Report
On Dec. 13, the Federal Insurance Office finally issued the report it was required to produce under the Dodd-Frank Act on how to modernize and improve the system of insurance regulation in the United States. The report is almost two-years late. The recent issue of Weekly Industry News reported that PIA's policy analysts are in the process of reviewing the report. A comprehensive analysis is coming soon. That said, PIA National has given us a little more detail about the report and the association's reaction.
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 PIAW Happenings


PIA partnership and a new tool for PIA members
PIA National has unveiled a new tool designed to help independent insurance agencies achieve growth and profitability. The tool is a product of The PIA Partnership, PIA National's agency-company council.
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PIA National seeks award nominations
PIA National is looking for nominations for three prestigious awards in its 2014 Spring Awards Program. Nominations are being accepted now through Jan. 24 for the association's Professional Agent of the Year, Customer Service Representative of the Year and Young Insurance Professional of the Year awards.
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TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

    PIA reacts to FIO Regulatory Modernization Report (PIAW)
Special report: Tracking HealthCare.gov (PIAW)
Obamacare: The polls (PIAW)
Conning: The independent agency model still works (PIAW)
Administration to insurers: Overlook unpaid premiums (PIAW)

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PIA Western Alliance congratulates Montana's Monica Lindeen
The PIA Western Alliance congratulates Monica Lindeen, the Montana State Auditor and Commissioner of Securities and Insurance. She is the new president elect of the National Association of Insurance Commissioners.
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 Industry News from PIA Western Alliance


Meeting of the minds: NAIC and US Treasury meet
It was a meeting of the minds that started when President Obama invited the leadership of the National Association of Insurance Commissioners to the White House. His purpose was to get the NAIC to assist in getting states and insurers to help him keep his pre-Obamacare promise that if people liked their insurance they could keep their insurance.
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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!
 


Agents and brokers and Obamacare
Here's a story with a twist. For the last several months PIA National has been urging the Department of Health and Human Services to give consumers a way to contact independent agents through www.healthcare.gov. Those requests were ignored.
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FSOC criticized: Insurance firms as a threat to the economy
The Financial Stability Oversight Council is charged — via the Wall Street reforming Dodd- Frank Act — with deciding which U.S. financial firms pose the greatest danger to the U.S. financial system. Those deemed systemically significant are then put under strict scrutiny and restrictions.
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Flood insurance reform reforms stall in Congress
The Senate and the House have both said no to bills to put off the National Flood Insurance Program rate increases for flood insurance called for in the Bigger-Waters Act. The increases go into effect in January.
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3 insurance ETFs leading the financial sector higher
Zacks Equity Research
With QE3 tapering on the table and an improving economic scenario, the insurance industry is performing remarkably well compared to other corners of the financial space.

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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.

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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.

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Obamacare: 2 interesting polls
LIMRA — the Life Insurance and Market Research Association — did a study of how consumers are reacting to the Affordable Care Act's federal government health exchange and the independent state exchanges. The group found that 60% of those who have used the exchanges looked for assistance when making their purchase.
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GEICO now No. 2 auto insurer
Ever aggressive and ever creative advertising has propelled GEICO to the number-two auto insurer in the nation. That news comes courtesy of third quarter financial reports compiled by SNL.
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 Around PIA Western


Around the PIA Western Alliance States

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 News You Can Use


Back to work: How to start 2014 right
By Jessica Taylor
As you go through the rush of the holidays and entertaining guests, the last thing on your mind is work. But as you return to your office for the new year and see the pile of work, unanswered emails and missed calls, it can become overwhelming. You might come to the conclusion that you don't want to start this all over again. It happens to even the most passionate, dedicated employee. Getting back into the groove after a holiday can be hard. But you will get out of the holiday mindset, so let's get started with four tips for getting back to work.
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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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