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Will Google enter the insurance industry?
When it comes to collecting and organizing information, Google is well on its way to establishing its hegemony through the registration of 6 billion daily unique searches and indexing of more than 50 billion Web pages. What remains to be seen is how this information is being made universally accessible and at what price. One of the industries that has particular advantage of access to the world's information is insurance.
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Around the PIA Western Alliance States
PIA Oregon's 2nd EXPO: A super success
PIA Oregon's 2nd Annual EXPO is history.
The revolutionary one-day agent and
company gathering was held June 18
and education was available June 17-18. The trade show featured 50 exhibitors and
203 agents attended. That number is up from last
year's 150 agents.
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Auto insurance: Fewer going shopping
Auto insurers spend millions to get people to shop their
product and eventually purchase. It's not working as
well as it used to work. Or, so says the TransUnion
Auto Insurance Shopping Index.
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
Employers on employee benefits
MetLife's 12th Annual U.S. Employee
Benefit Trends Study is out. The
results are not surprising — especially if
you're an employer. First up is employee satisfaction. The study
is for 2013 and the good news is
employees are happy with their benefits at
a record level. In this case, a record level is
TRIA renewal advances in House Committee — PIA optimistic
The House Financial Services Committee has passed a version
of an extension of the Terrorism Risk Insurance Act onto
the full House. It doesn't jibe with the version passed a few
weeks ago by the Senate Banking Committee.
Subsidies: The cost of Obamacare
The Department of Health and Human
Services recently released statistics about how the Affordable
Care Act helped people purchase insurance who were unable to afford it and saved money for those who signed up.
Who enrolled in Obamacare?
Critics of Obamacare have been wondering just
who signed up for the Affordable Care Act. Many
have pointed fingers and said most that are signing up
already had insurance.
Update 1: Cover Oregon's new head
The Cover Oregon board of directors has picked Aaron
Patnode as the new head of Oregon's Obamacare
exchange. Patnode currently is a manager for Kaiser
Permanente and recently received a promotion.
Update 2: Oregon republicans and Cover Oregon
Oregon's House Republicans have a goal.
They want to take Oregon back. At least
that's the name of a new website
Republicans have launched with that goal in
mind. It's called Take Back Oregon.
Missed last week's issue? See which articles your colleagues read most.
NARAB II: House Committee moves on formation
As part of its legislation to renew the Terrorism Risk Insurance
Act, the House Financial Services Committee attached
an amendment that creates the National Association of
Registered Agents and Brokers.
Cybersecurity: The Senate, a handbook and more
Soon, the Senate Intelligence Committee is
going to look at a bill that will pave the way for companies
threatened with cyberbreaches or who have experienced a
breach to share information with other companies and the
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Why the insurance industry is taking aim at Uber, Lyft
The conflict between the taxicab industry and ride-sharing services, like Uber and Lyft, has just taken a new turn. Taxi drivers and fleet operators feel threatened by the less-regulated startups, but now they're being joined by insurance industry trade associations.
Tips for preventing internal fraud
Whether a company is big or small, the potential for internal fraud
is there. We often are seeing news reports of such
crimes. The Association of Certified Fraud Examiners
released some startling facts in a
report titled The 2014 Report to the Nations on
Occupational Fraud & Abuse.
Insurance 2024: Culture change or bust?
Insurance Networking News
Insurance business and technology experts agree that a successful C-level vision is not just about keeping up with technology; it's about more focus on the customer and less on caution-drenched decision making.
Moody's, 2014 insurance rates
Moody's Investors Service issued a report on rates for property and casualty liability
lines. They are workers compensation, commercial
general liability, professional liability, commercial
auto liability and commercial multiple peril. The conclusion is that they will continue to rise but not at
the same rate we saw in 2013.
Your employees: Midafternoons are dangerous
It's midafternoon. A
bit after lunch. Your workers,
co-workers or even you are in danger of falling
asleep. Or you have — or others have — already
New technology promises rewards, poses risk
Insurance Networking News
With the goal of improving profitability through better decision-making and greater efficiencies in core functions, property/casualty insurance executives are counting on advanced technology to help them get the job done. Improvement initiatives range from data integration to investing in new technology for pricing, underwriting and claims, according to a survey by The Nolan Company.
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, Editor/Writer for PIA Western Alliance, 503.724.9028
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