Industry News
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Insurance News
Commercial Prices Average 10.7 Percent Up in Q4March 6, 2021
Commercial insurance prices jumped by an average of 10.7% across all-size accounts in the fourth quarter. -
Insurance News
FEMA Expected to Bifurcate NFIP RevampMarch 6, 2021
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Insurance News, PIA National News, Press Release
Professional Insurance Agents Call for Spring 2021 Award NominationsMarch 6, 2021
Nominations are now being accepted for PIA National's 2021 Professional Agent of the Year, Customer Service Representative (CSR) of the Year and Young Insurance Professional (YIP) of the Year awards. -
Insurance News, Press Release
PIA Supports Introduction of Bill to Make Small Business Tax Deduction PermanentMarch 6, 2021
PIA applauds the “Main Street Tax Certainty Act of 2021,” (H.R. 1381/S.480) which would make permanent the 20 percent tax deduction currently available to some passthrough entities. -
Insurance News, Press Release
PIA Top Priority, Repeal of Federal Insurance Office, Introduced in SenateMarch 6, 2021
A top PIA priority, the “Federal Insurance Office Abolishment Act,”. Ich was previously introduced in the 116th Congress, was reintroduced by Sen. Ted Cruz (R-TX). “In 2010, advocates of federal insurance regulation succeeded in getting the Federal Insurance Office (FIO) established as part of the 2010 Dodd-Frank law–but PIA has never given up on repealing it,” said PIA National President Wayne White. -
Insurance News
USC Study: Impact of Coronavirus on U.S. Economy Could Be $3-5 Trillion Over 2 YearsJanuary 13, 2021
The pandemic's economic impact depends on several factors. -
Insurance News
Trump Signs Stimulus and Government Spending Bill Into LawJanuary 13, 2021
UPDATE: On Sunday evening December 27, President Trump signed the legislation providing for $900 billion in coronavirus relief, including an omnibus spending bill. The measure injects emergency relief funds into the economy and averts a Tuesday government shutdown. -
Insurance News
Coronavirus Relief Bill Passes Congress; Trump Threatens VetoJanuary 13, 2021
This situation is in a state of flux and is still developing. -
Insurance News
Lloyd’s of London Begins Exit From Fossil FuelsJanuary 13, 2021
Reducing its exposure to coal and oil. -
Press Release
PIA Praises House, Senate Passage of Coronavirus ReliefJanuary 13, 2021
Several items advocated by PIA were included in the final bill. -
Insurance News
Farmers to Buy MetLife’s P&C Insurance Unit for $4 BillionJanuary 13, 2021
Subject to the usual regulatory approvals. -
Insurance News
Continuing Resolution Passed as Relief Talks ContinueJanuary 13, 2021
Congress seeks consensus on the details of a coronavirus relief package. -
Insurance News
NAIC Elects Officers for 2021January 13, 2021
NAIC Executive Committee. -
PIA Welcomes 117th Congress
January 10, 2021
PIA has welcomed members of the new 117th Congress. A new Congress means that all legislation that was introduced but not passed by both chambers and signed into law will now be effectively erased. PIA has already begun working with congressional allies to begin the process of reintroducing legislation important to professional independent insurance agents. -
PIA Statement on NFIP Extension to Sept. 30, 2021 in Federal Funding Bill
September 23, 2020
WASHINGTON – The National Association of Professional Insurance Agents (PIA National) is praising the House for including a year-long extension of the National Flood Insurance Program in its FY 21 continuing resolution.
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NAIC Fall National Meeting to be Virtual Format
September 21, 2020
The 2020 NAIC Fall National Meeting, initially scheduled to be held in Indianapolis, Indiana, will now be held virtually. Due to the ongoing health challenges that are being associated with holding large in-person meetings in the midst of the COVID-19 pandemic, NAIC officers, in consultation with NAIC members, have decided to proceed with planning for the meeting in a virtual format.
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Agent Concerns Regarding Website ADA Compliance
September 16, 2020
Recently, PIA National has become aware of pending lawsuits against independent insurance agencies in several states. The suits allege that the agencies’ websites deny equal access to people with disabilities in violation of the Americans with Disabilities Act (ADA) because the sites do not offer accommodations for use by disabled people. This issue is a source of still-developing law around the country.
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Launch Your PIA DMV Marketing Campaign and Get $250 Back!
September 10, 2020
According to a recent study from Valassis, 37% of consumers are more excited to receive their mail each day than before the pandemic. Is your agency marketing taking advantage of this unexpected trend?
Using the PIA DMV: PIA’s Direct Marketing Vault, you can capitalize on the resurgence of direct mail while also reaching those same prospects online through our direct mail and digital advertising services, available exclusively to PIA members. And now, through the PIA Member Reimbursement Program, PIA members can get $250 back when launching a PIA DMV marketing campaign.
Easy as 1-2-3!
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Lara Urges Companies to Cover Extended ALE
September 10, 2020
To assist Californians displaced by the current and recent wildfires throughout the state, Insurance Commissioner Ricardo Lara issued a notice to all California property and casualty insurance companies urging them to cover additional living expenses (ALE) for those policyholders who remain under mandatory evacuation.
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Hurricane Go-Bags During Covid
August 25, 2020
Mississippi Insurance Commissioner Mike Chaney advises consumers to purchase masks, hand sanitizer, and disinfectants and add them to their “Go Bag” in case they must evacuate because of a storm. A Go Bag’s contents should include cash (if the power goes out, credit cards won't work). Consumers should keep cash on hand for replenishing supplies. Medications also need to be packed because pharmacies might be closed, and hospitals could be overwhelmed.
A battery-powered radio will be useful for getting news and information if the electricity is out and cell towers are down. Every family member and pet requires a gallon of water per day if tap water becomes unsafe to drink. Chaney adds that consumers should include a copy of their insurance policies so they can quickly file a claim once the danger has passed. Consumers should review and be familiar with their insurance coverage. Other important documents include Social Security cards, passports, birth certificates, and driver’s licenses.