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Another PIA success: PIA National's Federal Legislative Summit
Hundreds of PIA member agents from
around the country converged on Capitol
Hill March 26-27 for the 2014 PIA Federal
Legislative Summit. The FLS was so
successful that it got notice from A.M.
BestTV. PIA Washington/Alaska National Director
Rich Biggs told Weekly Industry News that
the experience was positive. He also sees a
big change in Congress over the last year.
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Not to be missed: PIA Oregon/Idaho's 2nd Annual EXPO
PIA Oregon/Idaho's 2nd Annual EXPO is coming:
June 17 & 18, 2014
Red Lion Hotel on the River
EXPO is a one day, business-to-business and education program for all agents, agency
and company personnel. Last year's EXPO was a huge success. More than 150 independent
insurance agents registered.
Click "Read More" for more information and to get started.
All Risks, Ltd., the Nation’s Largest Independent Wholesale Insurance Provider
Contact our professional underwriters with access to exclusive “A-“ or better rated carriers with competitive rates.
- Storage Facilities (All Lines)
– Aggressive rates and enhanced coverages, plus discounts for association members.
- Restaurants with Delivery (WC) – Single to multi-location/multi-state restaurants are eligible with monthly self reporting plus additional payment plans
- Insurance Agents (E&O) – Comprehensive coverage with varying limits and deductible options for P&C, L&H, MGAs, Wholesalers and more. Many optional coverages available.
- Building Operations (WC) -Direct WC carrier access with low minimum premiums for building operations by owners and contractors.
- Real Estate Owned (REO Property & Liability) - Industry-leading technology to help agencies with financial institutions (regional and community banks) and large investors who service and/or invest in mortgage, vehicle and collateral based loans
PIA National: Protect your income
Since 1931, independent insurance agents have
discovered the many advantages of joining PIA. Chief
among those advantages is access to the products
offered by the PIA Services Group Insurance Fund,
also known as the PIA Trust.
The best of the best: PIA National's annual awards
Every year at the PIA National Federal Legislative Summit the association gives out its
annual awards. They are Agent of the Year; Young Insurance Professional of the Year; CSR of the Year; and PIAPAC Person of the Year.
PIA National's Federal Legislative Summit — a family affair
PIA Washington/Alaska National Director Rich Biggs
goes to the PIA National Federal Legislative Summit
every year. And each year Biggs — of Biggs Insurance
Services in Vancouver, Wash. — takes one or more
of his children.
| Industry News from PIA Western Alliance|
Governors support state regulation of insurance
PIA National is praising a letter sent by the
National Governors Association to the
U.S. Treasury supporting what it
calls a "world class" system of insurance
regulation. Or to be more specific, the state-based system
the PIA has worked tirelessly to keep intact.
Fitch: Commercial insurance future looks good
Fitch Ratings' Commercial Lines Market Update has
been published. It looks at current trends and what the
future holds for growth and profitability in commercial
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Mergers and acquisition to increase
Towers Watson merger and acquisition expert
Jack Gibson thinks M&A activity will increase in
the next one to three years. He said the slack and
unnaturally low levels of mergers and acquisitions
from after the 2008 financial crisis is done.
In focus: Obamacare's 7 million
President Barack Obama has declared that 7.1 million
people have enrolled in the Patient Protection and
Affordable Care Act — AKA Obamacare. In a
recent scathing criticism of his critics, the
president said, "The Affordable Care Act hasn't
completely fixed our long-broken health care
system, but this law has made our health care
system a lot better."
Rubio: No bailout for health insurers
It's no secret that Florida Sen. Marco Rubio is no fan of the
Affordable Care Act. The law has provisions within that
compensates participating insurers if they lose money. Rubio
has introduced a bill he calls the Obamacare Taxpayer
Bailout Protection Act. It requires the Obama
administration to make sure this compensation does not add
to the federal deficit.
Oso, Wash., mudslide
The death toll continues to rise from the devastating
mudslide that hit Oso, Wash., on March 22.
As of early morning April 1,
there were 33 dead and 12 missing.
Superstorm Sandy aftermath: No New York City homes rebuilt
It has been a
year-and-a-half since Superstorm
Sandy slammed into the East Coast of the United
States. New York City was one of the areas the
storm hit the hardest. Thousands of homes were
seriously damaged or destroyed. City officials asked
for federal help and picked up a $1.5 billion grant to
start the rebuilding process.
Survey: Insurer regulatory and risk concerns
Every quarter, Wolters Kluwer Financial Services does a
survey titled the U.S. Insurance Regulatory and Risk
Management Indicator. It asks insurers of all lines of
insurance about their biggest current concerns. Following are
the risk results of the 300 insurers surveyed.
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Winning in the new world of the connected customer
Mobile technology has changed the landscape of modern business. Consumers now look online for everything from mortgages to mattresses. At the 2014 Life Insurance Conference in Chicago, James Quade, assistant vice president and managing director of strategic partnerships at Liberty Mutual, talked of how mobile technology continues to change the way consumers shop for insurance and what some companies are doing to reshape their distribution systems.
How to win the long-term-care insurance game
The long-term care insurance industry has seen its share of challenges in recent years, generating no shortage of negative headlines. But while such coverage isn't for everybody, almost anyone planning for retirement ought to carefully consider whether they might need it — after all, burying our heads in the sand about our future care needs is hardly a good alternative.
Missed last week's issue? See which articles your colleagues read most.
Insurance industry still behind on big data usage
The insurance industry is still behind when it comes to accessing and using customer data to predict consumer behavior and design personalized products.
Bravura Solutions and the Financial Services Council conducted a poll on the life insurance industry, asking insurance providers about their journey to modernie their administration systems.
How to reach the next generation of insurance talent
The insurance industry is on the cusp of a talent crisis as its workforce continues to "gray." According to the Bureau of Labor Statistics, nearly 50 percent of the industry's workforce is above the age of 45. Throughout the next 15 years, companies will be confronted with a growing skills gap as these professionals retire.
Insurance industry likely to continue upside potential
The insurance industry has always been defensive and stable simply given the nature of its business model. The earnings are fairly predictable and the dividend is consistent, making it a great stock to hold in a diversified portfolio. Recently, however, the rise of interest rates have caused companies in the insurance industry to be more profitable and that trend could continue as rates bounce back up from their historic lows.
How your business can harness the year of mindfulness
By Emma Fitzpatrick
2014 has been dubbed "the year of mindfulness." In fact, mindfulness has been named one of the top 10 trends that will shape the world this year. People are growing weary of being constantly connected to their digital screens. They want a way to detox, to unwind and rediscover peace, and this movement is spreading quickly. Happiness is being redefined, so it's time to brainstorm how your business industry fits into the mindfulness movement. Read on to learn why and how mindfulness is shaping 2014, and how your business can take hold of this movement.
Around the PIA Western Alliance States
PIA Weekly Industry News
Colby Horton, Vice President of Publishing, 469.420.2601
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Rebecca Eberhardt, Content Editor, 469.420.2608
Gary Wolcott, Writer for PIA Western Alliance, 503.724.9028
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