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Wal-Mart enters the auto insurance business
Wal-Mart is entering the auto insurance business in its latest move to offer affordable financial services to customers, the company announced.
The world's largest retailer is partnering with AutoInsurance.com, a price-comparison and shopping website. The website was created after Walmart approached parent company Tranzutary Insurance Solutions with the idea to create an integrated auto insurance service that lets consumers shop for and purchase policies on one site, instead of directing them to the individual sites of specific insurance providers when they're ready to buy.
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PIA National alert: Windows XP support ends
By now, no doubt you've heard that Microsoft has ended
support for the very popular XP operating system. It may
be tempting to continue using XP but that really is not
an option. You need to update it. The Department of
Homeland Security says there could be a security
Just 1 reason to support your PIA PAC
This is a story about Oregon's PIA PAC. And it's just one
good example why you need to support your association's
political action committee with your dollars.
| Industry News from PIA Western Alliance|
FIO to study auto insurance affordability
The Federal Insurance Office is going to
look at whether auto insurance is affordable and
available to the poor and minorities in
underserved communities. Right now it is taking
comments on how a study on that insurance
should be defined.
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
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- 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
Cybersecurity: Retail more concerned than other business
Large and small retail businesses are more worried
about cyber security than other businesses. In the
Fortune 1000 circles that exposure risk is at a higher
level by retailers than the nonretailers. Or so says Willis Group Holdings in a report called
"Willis Special Report: 10K Disclosures — How Retail Companies Describe Their
Cyber Liability Exposures."
Update: Cover Oregon 1 — state decides to bag it
Oregon's Cover Oregon Obamacare website is the
only health insurance exchange in the nation still
not working. It turns out, the website never will
work. In the future Oregonians needing health
insurance — and not getting it from an employer —
will be getting it from the federal government's HealthCare.gov and not through the
Insurance and the Internet of things
It's called the "Internet of Things." The Internet of Things
has the potential to totally transform a data center.
Celent did a study on the impact of the Internet of
Things on insurance. It's fascinating.
PCI – ISO report: 2013 profits and profitability
Most of us know that 2013 was a pretty good
insurance year. How good is the subject of the 2013
insurance wrapup by the Property Casualty
Insurers Association of America and the ISO. The annual summary from the two groups said net
income after taxes rose to a whopping $63.8 billion
in 2013. The 2012 figure was $35.1 billion.
Missed last week's issue? See which articles your colleagues read most.
TRIA: Marsh report on renewal
Marsh released its annual "Terrorism
Risk Insurance Report." The
release coincided with a roundtable
discussion held at the Visitor's
Center at the U.S. Capitol. Industry
experts, policy makers and others
attended. The topic is TRIA — the Terrorism Risk Insurance Act. It's now known as the Terrorism
Risk Insurance Program Reauthorization Act.
The worst states for an auto claim
Quadrant did a study of insurance rate increases
as the result of filing an auto insurance claim.
Taking data from the National Association of
Insurance Commissioners, Quadrant
found in some states just filing a claim for $2,000
can generate a 40 percent hike in rates at renewal.
| Looking for similar articles? Search here, keywords AUTO CLAIMS.|
Obamacare and health insurer database security
Those with accounts on President Barack
Obama's health insurance enrollment website
— HealthCare.gov — have been advised
that their passwords had been reset to guard
against the "Heartbleed" bug. The warning marks the latest fallout from the widespread security bug.
HealthCare.gov: Looking for new contractor
Accenture got a $90 million no-bid contract from
the Centers for Medicare and Medicaid Services
to do fix the HealthCare.gov website. That
contract expires in January of 2015.
Accurate policyholder data: Just a few of clicks away, but still a hot potato
Insurance Networking News
Let's be frank. There is a lot of disenchantment with the way automobile premiums are being determined. There are now accusations swirling about new levels of alleged discrimination taking place, this time based on income, educational level and occupation. When the issue hits the pages of The New York Times, you know government regulation isn't far behind.
Marketing with postcards — part II
By Jeffrey Dobkin
Short crisp and to the point, postcards are one of the best ways to market most any kind of product or service. Closing sales isn't the priority for their short format. Postcards are cheap, easy, hard-working marketing tools. What's a client worth to you each year? Here's a proposition: Suppose you sent them a postcard every two weeks — or 26 postcards a year. Your cost? At $1 each, that's $26 for a full year — to generate calls and build a relationship of loyalty, awareness and trust. Is it worth $26 per prospect to get them to call you?
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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