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The Debt Downgrade: No Significant Impact on Insurers
A background paper by Robert Hartwig, president of the Insurance Information Institute (I.I.I.), and Steven Weisbart, senior vice president and chief economist ...
Woman's Disappearance in Aruba May Be Tied to Insurance Policies
An insurance policy may become a key clue in the ongoing investigation of a Maryland woman who disappeared in Aruba. Gary Giordano, a suspect tied...
More Community Banks Receive New Funds for Small Business Loans
The U.S. Department of the Treasury announced that an additional 37 community banks across the country received a total of $418 million as part of...
NAIC Holds Summer Meeting Aug. 27-Sept. 1, PIA to Participate
The National Association of Insurance Commissioners (NAIC) will hold its summer meeting August 27 through September 1 and PIA will participate. The NAIC will ...
NAIC CEO Discusses U.S. Rating Downgrade
Therese M. (Terri) Vaughan, Ph.D., CEO of the National Association of Insurance Commissioners, talks about the effect of the recent downgrade of U.S. long-term ...
Allstate Sues Goldman Sachs Over Mortgage Securities
Allstate Corp. is suing Goldman Sachs Group Inc., claiming the broker fraudulently sold it more than $123 million in mortgage-backed securities in 2006 and ...
Small Group of Allstate Agents Votes to Affiliate With a Union
A small group of Allstate agents who say the insurer controls them like employees rather than as independent contractors has voted to affiliate with a...
Former Marsh Exec Sues Spitzer for $60 Million
Former New York Governor Eliot Spitzer has been hit with a $60 million libel lawsuit by a former Marsh & McLennan Cos. executive over a...
Technology Tip: Send & Receive Large Files
Being able to attach large files to an e-mail to send to someone else is becoming more difficult as organizations place limits on the...
PIA of Ohio Scores Another Win on MVR Litigation
PIA of Ohio secured another court victory for agents as part of its challenge to an increase in motor vehicle abstract reports (MVRs) from $2...
PIA National's Johnny Lee Comments in September Best's Review Magazine
What does an independent insurance agent look for in a health insurance carrier? That was the question addressed by PIA National Secretary/Assistant Treasure ...
NAIC's NARAB Working Group Certifies Three More States Reciprocal
The National Association of Insurance Commissioners (NAIC) NARAB Working Group has recommended that an additional three states be certified as reciprocal for ...
Make Your Agency Website the Best Agency Website
PIA Members, when you read the 2011 PIA National Agency Marketing Guide that arrived with the June/July issue of PIA Connection magazine, did it cause...
NAIC's Vaughan Tells Congress State Regulation Key to Stable Markets
National Association of Insurance Commissioners (NAIC) Chief Executive Officer Therese M. (Terri) Vaughan, Ph.D., testified September 14 before the insurance ...
Comity in Congress? Don't Hold Your Breath
Just because the House of Representatives overwhelmingly voted to reauthorize the National Flood Insurance Program for five years doesn't mean that the ...
Former Iowa Official to Assume Top Post at FEMA
David L. Miller, former Administrator of the Iowa Division of Homeland Security and Emergency Management, will join the Federal Emergency Management Agency ...
The Oddest Insured Things
Worldwide insurance premiums for body part insurance totals from $1 million to $2 million a year, according to Jonathan Thomas, accident and health underwriter ...
NAIC Certifies Indiana, Michigan and South Carolina Reciprocal
The NAIC's NARAB Working Group, chaired by Commissioner Linda Hall (AK), certified Indiana, Michigan and South Carolina as reciprocal and therefore meeting the ...
PIA's Johnny Lee Featured in A.M. Best Podcast
The BestDay Audio Podcast for Friday, September 30 featured an interview with Johnny Lee, a principal at Lee-Curtis, Freeman, Graves and Hall Insurance and ...
Nationwide to Acquire Harleysville in $800 Million Deal
Nationwide Mutual Insurance Co. will acquire Harleysville Mutual Insurance Co. in a deal valued at around $800 million, both companies said in an announcement ...
TAPCO Introduces New Online Rater
TAPCO Underwriters, Inc., a Burlington, N.C.-based MGA specializing in high-volume, middle-market excess and surplus insurance lines, has introduced their new ...
Number of Deer-Vehicle Collisions Falls Seven Percent
State Farm Insurance reports that for the third consecutive year, the number of deer-vehicle collisions in the United States has dropped. Using claims data, ...
Reps. Say Strong Building Codes Equal Disaster Defense
According to Reps. Mario Diaz-Balart (R-Fla.), member of the House Appropriations Committee, and Albio Sires (D-N.J.), member of the House Transportation and ...
P/C Profits Tumble in First Half of 2011 Due to Spike in Disasters
Private U.S. property/casualty insurers' net income after taxes fell to $4.8 billion in first-half 2011 from $16.8 billion in first-half 2010, with insurers' ...
In a Few Years, Social Media Data May Be Common in Underwriting
Did you post pictures of a keg party you hosted on your Facebook page? Or pictures of that new rottweiler puppy you adopted? Did you...
Reinsurer Tax Deductions Targeted by House, Senate Bills
Legislation that would limit tax deductions for reinsurers that cede large portions of their U.S. premiums to offshore affiliates has been introduced in the ...
Harleysville CEO Briefs PIA on Merger with Nationwide
Michael Browne, president and CEO of Harleysville Mutual Insurance Co., participated in an informational conference call with PIA to address Harleysville's ...
Bill Would Allow Companies to Set Aside Disaster Funds Tax-Free in D.C.
The District of Columbia would become a domestic tax haven for insurers if newly proposed federal legislation became law. The bill would designate the ...
Perspective: FDR Refused Dictatorial Powers in 1933 During Great Depression
In the early 1930s, when America was deep in the throes of one of the worst economic depressions in this country's history, some American leaders...
Congress Weighs Super-Committee for Financial Services Overhaul
Congressional leaders are considering setting up a bipartisan panel next year to draft legislation to overhaul financial services regulation. Such a special ...