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Two Week Stopgap Includes NFIP
President Trump has signed a two-week stopgap spending bill into law to keep the federal government operating until Dec. 22. It also sets the clock ticking for a new round of challenging negotiations among Democratic and Republican congressional leaders and the White House...
PIA Healthcare Priority Introduced
With the reform of the Affordable Care Act stalled, PIA has been working to address issues related to healthcare that have been detrimental to independent agents, particularly agent compensation...
PIA Supported Bill to be Considered in Committee
On December 12 the U.S. House Committee on Financial Services will consider several bills in a markup, including legislation PIA strongly supports H.R. 4537, the International Insurance Standards Act of 2017 introduced by Rep. Sean Duffy (R-WI)...
California Fires and Insurance Losses
With massive wildfires in October in northern California, and December fires devastating the southern part of the state around Los Angeles, this year will go down in the record books as one of the most devastating fire seasons ever for insurance losses...
Insurers Finally Making Money on ACA
A Politico analysis of 31 regional Blue Cross Blue Shield plans, many of which dominate Affordable Care Act markets in their states, found that many are on pace for record profits this year for the first time....
ACA Enrollment Deadline Dec. 15
Consumers in most states only have through Dec. 15 to update or change health insurance plans on the Affordable Care Act marketplace with changes effective Jan. 1...
Drones, Driverless: Risks, Opportunities
Legal experts say drones and self-driving vehicles offer both great opportunities and new exposures for the insurance sector. Federal and state lawmakers have passed laws regulating self-driving vehicles.
Most Commercial Rates Rise in November
A report by the insurance exchange IVANS shows that premium renewal rate changes were positive in November for most standard commercial lines. IVANS, a unit of the insurance technology firm Applied Systems Inc., said commercial auto premium renewal rates rose an average of 3.2 percent...
Wells Fargo Accused of Improper Insurance Sales
The California Department of Insurance is seeking to suspend or revoke the licenses of Wells Fargo Bank, N.A. and Wells Fargo Insurance, Inc. for alleged improper insurance sales practices related to the company’s online insurance referral program, which resulted in insurance products being purchased and paid for by consumers without their knowledge...
NAIC Recognizes State Regulators
The National Association of Insurance Commissioners (NAIC) recognized three state regulators for their contributions to state-based insurance regulation during the NAIC’s 2017 Fall National Meeting...