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A global leader in insurance and reinsurance serving a diverse group of clients. Headed by ACE Limited, the ACE Group conducts its business on a worldwide basis with a physical presence in 53 countries.
PIA Western Alliance promotions
PIA Western Alliance Executive Vice President Clark Sitzes said
the association has promoted Kim Legato to Vice President of
Non-Profit Operations and Sue Smith to Vice President of For-
The promotions are effective immediately.
PIA Western Alliance's newest staff member: Welcome Michele Cowles
The PIA Western Alliance welcomes our newest staff member
Michele Cowles. Her official title is Commercial Lines Agent.
Michele will be quoting, underwriting and servicing commercial
insurance for PIA member agents and agencies. She will be
assisting with writing broader lines of insurance as well.
Policy management systems: Prepare for tomorrow
Insurance Networking News
When insurance first began, life was simpler. The risks that insurers covered were few compared to today. As for policy management, well, there were no computers or technologies used. A man, a plume and a ledger book managed what data existed.
The most important employment documents
By D. Albert Brannen
Employment litigation can be expensive and time-consuming. An employer’s success or failure in defending itself can turn on the law or the facts. Employers cannot do too much to change the law that applies to any given case. But, experience shows that employers can do a lot to shape the facts and to improve their position in employment litigation. Most of the time, this shaping of the facts depends on the documentation. Moreover, while the particular facts may be different from case to case, the same types of documents are at issue in nearly every employment law case.
COST manages and operates insurance premium finance companies for clients nationwide. The COST Program™ enables you to focus on your core business - running your insurance agency or company - while increasing profits, improving customer service, controlling the finance process, enhancing market value, creating a profit center for your business, and adding to your bottom line with no extra staff or fixed expense - If you aren't earning $30,000 to $40,000 per $1mm financed contact COST today.
Annuity carriers turning to business intelligence in 'hyper-competitive market'
Insurance Networking News
The individual annuity market continues to be hyper-competitive, with technology playing an ever-larger role in insurers' ability to attract, retain and profitably serve clients, according to a new market trends report from Novarica, titled "Business and Technology Trends: Individual Annuity."
| Industry News from PIA Western Alliance|
Doctors and Obamacare: A failing grade
A large number of the nation's physicians will tell you
that health care reform is necessary. Early on many of
them were very happy about the idea of the reform ideas
that led to Obamacare.
They don't — however — like the result of those reform ideas.
Obamacare and jobs: The administration reacts
For the last couple of years supporters of the Patient Protection and
Affordable Care Act have heard nothing from detractors but how bad
ObamaCare is for business and the economy. Many groups — and
employers — say they’re not hiring because of the cost of providing
the required health care coverage to employees.
Washington Supreme Court: Important insurance decision
In a just issued decision, the Washington
Supreme Court upheld current state statutes
and said insurance companies are liable for
the legal action of agents selling their
products. It's a decision based on insurance laws that were violated in 2006 and 2007 by Land
Title Co. of Kitsap County who represented the Chicago Title Insurance Company.
Missed last week's issue? See which articles your colleagues read most.
Insurance rates: Up in US, down worldwide
Marsh's quarterly Marsh Risk Management Global
Insurance Index said the United States is the only
region in the world seeing excellent rate increases for
insurance renewals. Most of the hikes came in
professional and financial institution liability. Across all
lines of business the increase is an average of 1.6 percent.
The biggest hike is in D&O at 8 percent.
We already knew: Insurance regulatory system worked perfectly during financial crisis
Those in the insurance industry knew the
conclusion of a new Government Accountability
Office study years ago. Those conclusions
come up whenever someone wants to introduce
legislation to give the federal government
regulatory control over insurance.
Record number of young adults live with parents
We all know the economy is bad and the
unemployment rate for young adults 18 to
their early 30s is high. In 2012
just 63 percent of millennials had jobs. In 2007
the number was 70 percent. The 37 percent
unemployment rate is huge.
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Obamacare exchanges and comparison shopping
PIA National reports that not all of the new online health
insurance exchanges scheduled to be operational on
Oct. 1 will allow consumers to comparison
shop health insurance plans. Some states are delaying
online tools that could make it easier for consumers to find
the right plan.
Dodd-Frank, AIG and a lawsuit
The Dodd-Frank Act has made some serious
changes in banking. Insurers operating banks
and banking services have also been
impacted. Many — like MetLife, The Hartford
and Allstate — have begun limiting their
Bernanke should testify in Greenberg AIG suit
Former AIG president and CEO Maurice "Hank"
Greenberg is suing the federal government over its
bailout of AIG in 2008. He wants Federal Reserve
Chairman Ben Bernanke to testify in the suit.
The government doesn't want that to happen.
Insurance P&L: A pretty good 2nd quarter
The second quarter of 2013 was pretty good for insurance
companies in the U.S. That includes AIG who issued its first
dividend since the bottom fell out of the company and the
economy in 2008.
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