PIA of Louisiana's 72nd Annual Convention
July 25-28, 2015 • Perdido Beach Resort
Orange Beach, AL
 
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NFIP Webinars and Updated Flood Manual Videos

FloodSmart, the marketing and education campaign of the National Flood Insurance Program (NFIP), is offering regularly scheduled webinars to help you use the FloodSmart tools and resources to have the "flood talk" with current and prospective clients.

TWO-PART BASIC AGENT (FIRA)
Please register for both parts of this webinar.

PART ONE: May 21 — 11:00 am - 1:00 PM EDT — REGISTER
PART TWO: May 22 — 11:00 am - 1:00 PM EDT — REGISTER

FEMA MAPPING CHANGES
May 28 — 3:00 - 5:00 PM EDT — REGISTER

REGISTRATION INFORMATION
These webinars are FREE to attend, but spaces are limited so please register early. No continuing education credits are offered for these courses in any state.

Updated Flood Insurance Manual: Change is coming to the NFIP Flood Insurance Manual as a result of two recent acts passed by Congress. This four-part video series will highlight Manual changes that are effective April 1, 2015. Many of these changes result from the implementation of the Homeowner Flood Insurance Affordability Act (HFIAA) passed by Congress and signed into law in 2014 and the continued implementation of Biggert-Waters 2012 legislation (BW-12).

April 2015 Manual Changes Video — Part 1
April 2015 Manual Changes Video — Part 2
April 2015 Manual Changes Video — Part 3
April 2015 Manual Changes Video — Part 4






See This Updated Guidance Memo Regarding
Primary Residence Status from NFIP

Effective April 1, 2015, the NFIP will consider the factors described in the memo in the determination of primary residence status. These changes are for rating purposes only and can be applied from the beginning of the current policy year. Click here for a copy of the memo.

Upcoming PIA Events
06/02/2015 -- North Shore Chapter Meeting

06/02/2015 -- Northeast Chapter Meeting

06/04/2015 -- Northwest Chapter Meeting

06/09/2015 -- CISR Agency Operations
(Shreveport, LA)

06/10/2015 -- Baton Rouge Chapter Meeting

06/10/2015 -- CISR Agency Operations
(Baton Rouge, LA)

06/11/2015 -- CISR Agency Operations
(Kenner, LA)

06/11/2015 -- North Shore Chapter Poker Run, CE, Trade Fair and Captain's Party

06/12/2015 -- New Orleans Chapter PIA at the Park Zephyrs Baseball Family Party

07/08/2015 -- New Orleans Chapter Meeting



More...
Virtual Exhibit Hall


Check out our
Virtual Exhibit Hall



P/C Insurance Pricing Remains Competitive

Commercial automobile insurance saw an average two percent price increase in April, while commercial property and employment practices liability insurance saw one percent increases, according to MarketScout. Most average commercial property and casualty insurance prices were flat in April. The largest accounts reported year-to-year decreases of two percent, and the smallest accounts saw rates rise by one percent.






GEICO, Allstate to Raise Auto Insurance Rates

GEICO announced last week that it would raise auto insurance rates after it reported that its underwriting profit for the first quarter of 2015 was $160 million, a decline of $193 million compared to the first quarter of 2014. The company said it experienced increases in claims frequencies and severities in several of its major coverages and its loss ratio increased to 80.1, compared to 75.8 in 2014.

Allstate joined GEICO in announcing auto rate increases after margins worsened. First-quarter underwriting income for Allstate auto fell 48 percent to $144 million, the insurer said on a spreadsheet posted on its website, even though its first-quarter profit rose 13 percent.





PIA Says: "Ax the Cadillac Tax!"

PIA has endorsed two bills in Congress that would both fix a major flaw in the Affordable Care Act (ACA) by repealing an excise tax on certain employer-sponsored health plans. The 40 percent excise tax on so-called "overly generous" employer plans is set to take effect in 2018. Commonly referred to as the "Cadillac Tax," it will have a much broader effect than Congress intended and is likely to have a disparate impact on certain groups.

"The 'Cadillac Tax' is a ticking bomb that is set to explode in 2018 and deny health coverage to millions of middle-class Americans," said PIA National Executive Vice President & CEO Mike Becker. "It has the potential to create more market disruption than we've seen since the inception of the ACA, all to benefit government programs."

PIA has endorsed two similar pieces of legislation: the "Ax the Tax on Middle Class Americans' Health Plans Act" (H.R. 879), introduced by Congressman Frank Guinta (R-NH); and H.R. 2050, a bill to repeal the excise tax, introduced by Rep. Joe Courtney (D-CT). In addition, PIA submitted comments to the Internal Revenue Service (IRS) on May 4 seeking guidance on how the tax will be calculated and offering suggestions to help stem unintended consequences of the law.







Thanks to Our 2015 PIA Partners:
                

Americas Insurance Company


American Strategic Insurance (ASI)


Capital Premium Financing

Markel FirstComp

LUBA Workers' Comp

Prime Rate

Stonetrust Commercial Ins. Co.

VIP Software