PIA Members: What Keeps You Up at Night?
PIA in partnership with the National Underwriter and Flaspöhler are asking
PIA members to share their individual opinions and perspective as part of the
National Underwriter/PIA Independent Agent Survey, a
project whose findings will provide deep, revealing insight into the challenges, needs,
and demographics of independent Property & Casualty insurance agents across the U.S.
This project provides a voice to independent agents to share with the entire P&C
industry exactly what's on their minds. Among other things, it will reveal what they
desire most from carriers; how they perceive the P&C market and changing distribution
channels; how their commissions are structured; what their greatest technology challenges
are; and what these professionals need to help grow their books of business, among many
The questionnaire, which was crafted by NU, PIA and Flaspöhler, and asks specific
questions pertinent to your business, is being sent again to PIA's national membership.
We encourage PIA members to complete the survey.
"PIA is pleased to partner with National Underwriter and Flaspöhler in this
groundbreaking survey," said PIA National President Gary Blackwell. "This provides a
powerful opportunity to PIA members to share their views with the entire industry and
focus attention on their needs. I urge PIA members to participate."
"As we near the finish line on this project, we want to hear from PIA members
about the issues that concern them most and directly affect their agencies," added
Shawn Moynihan, National Underwriter's Editor-in-Chief. "When the link lands
in your inbox, make your voice heard."
PIA members, be on the look out for the e-mail invitation to the survey.
2016 Was "The Year of the Flood"
Munich Re reports that 2016 was the year of the flood in the United States, with 19 separate
floods last year, which is the most in one single year since records began in 1980. The worst
flooding occurred in Louisiana last August, killing 13 people and destroying about 60,000
buildings. Munich Re says the disaster cost $10 billion, making it the worst natural
catastrophe since Hurricane Sandy in 2012.
Overall, there were 91 weather, climate, or geological disasters in the United States in 2016,
including severe storms, hurricanes, wildfires, earthquakes, heat waves, and droughts. It was
the second-most on record. Across North America, 160 natural disasters were reported, which was
the most on record, says Munich Re.
Globally, there were 750 disasters, the highest number in four years, costing $175 billion
in 2016, of which only $50 billion was insured. The world's costliest natural disasters in 2016
were a pair of earthquakes in Japan in April ($31 billion), floods in China in June and July
($20 billion), and Hurricane Matthew's hit to the Caribbean and the United States ($10.2 billion).
PIA at Trump Transition Meeting
PIA National was represented by Vice President of Government Relations Jon Gentile at a
meeting with senior members from the Trump Transition Team in early January. The meeting's
focus was on financial services issues broken into three issue buckets: Dodd Frank,
regulatory relief, and housing and insurance.
PIA National spoke of the importance of a long-term reauthorization of the National
Flood Insurance Program (NFIP) that expires in September of this year, as well as the need to
grow the private flood market. In addition, PIA was the only organization to call for the
full repeal of the Federal Insurance Office. We will continue to engage with the Trump
Transition Team leading to January 20 when President-elect Trump takes the oath of office.