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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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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.
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.
Missed last week's issue? See which articles your colleagues read most.
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
| 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.
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
Those requests were ignored.
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
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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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.
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.
Around the PIA Western Alliance States
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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