PIA of Louisiana's 72nd Annual Convention
July 25-28, 2015 • Perdido Beach Resort
Orange Beach, AL
 
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Victory: Congress Passes Six-Year Renewal of TRIA

More one year of intensive efforts resulted in success on January 8, 2015, when the U.S. Senate passed a six-year renewal of the Terrorism Risk Insurance Act (TRIA) (H.R. 26) by a vote of 93-4. The Senate's action followed by one day passage in the House by an overwhelming vote of 416-5.

"The message is clear: America will remain insured against acts of terrorism," said PIA National Executive Vice President and CEO Mike Becker. "The overwhelming votes in both the House and the Senate demonstrate that when it comes to protecting the citizens of the United States against terrorism, there is no partisanship on Capitol Hill. We are hopeful that this forging of bipartisan consensus will serve as a template for dealing with other insurance issues going forward."

The bill also includes a provision that benefits Main Street insurance agents, the National Association of Registered Agents and Brokers (NARAB II), which PIA supported. NARAB II is designed to be an independent, non-government, non-profit membership organization based in Washington, D.C. designed to facilitate multi-state producer licensing.

PIA cautions that in accordance with how the legislation is written, the Federal Insurance Office (FIO) should have no role whatsoever in the implementation of NARAB II.

"This is a victory for consumers, businesses, the American economy and our national security," said PIA National Director of Federal Affairs Jon Gentile. "It is an example of legislation in which everybody truly wins. Renewal of the terrorism risk insurance program was a top legislative priority of PIA, because the customers of Main Street insurance agents need the certainty that it provides."

PIA Praises Passage of TRIA (1/8/2015)
Senate Passes TRIA (National Underwriter 1/8/15) (PIA comments)
PIA Urges New Congress to Pass TRIA (InsuranceNewsNet 1/6/15)
PIA Letter to Congress on TRIA (1/5/15)






NARAB Has Passed Both the House and Senate
as Part of H.R. 26

The National Association of Registered Agents and Brokers (NARAB) has passed both the House and Senate as part of H.R. 26. Now what? In anticipation of member questions, PIA National has put together a Q&A document, "What Does NARAB Mean for Independent Agents?" The document can be found here and is also available on the PIA National website at www.pianet.org as a members-only resource. Please note that most decisions regarding the operation and logistics of NARAB are not final and will be determined over the next few years as the association gets up and running. As such, we intend the Q&A document to be a living breathing document that will be updated periodically to address new issues as they arise.

Upcoming PIA Events
02/03/2015 -- North Shore Chapter Meeting

02/05/2015 -- CISR Personal Lines Misc.
(Lafayette)

02/06/2015 -- CISR Personal Lines Misc.
(Shreveport)

02/10/2015 -- Acadiana Chapter Meeting

02/11/2015 -- Baton Rouge Chapter Meeting

02/11/2015 -- CISR Personal Lines Misc.
(Baton Rouge, LA)

02/12/2015 -- CISR Personal Lines Misc.
(Kenner, LA)

03/03/2015 -- Northeast Chapter Meeting

03/04/2015 -- New Orleans Chapter Meeting

03/05/2015 -- Northwest Chapter Meeting



More...
Virtual Exhibit Hall


Check out our
Virtual Exhibit Hall



Department of Insurance Launches New
Website — Enhanced Online Tool Invites
Consumers to "Shop Your Rates"

The Louisiana Department of Insurance (LDI) has launched a new website aimed at providing improved services to consumers, insurance agents and other groups regulated by the Department. Among the features of the new website are streamlined online services and a responsive design that makes the website compatible with mobile devices. Users can continue to utilize the LDI website to find companies and agents in Louisiana, submit and track their complaints and request a search for a lost life insurance policy.

"Staff members in all of our offices and divisions took a close look to determine what questions we were hearing most frequently and we used that information to help design the new website," said Insurance Commissioner Jim Donelon. "Instead of a top-down approach from a bureaucratic perspective, the site is organized by user interests to make their online experience more useful and efficient."

The LDI has also launched an updated version of its online Homeowners and Automobile Insurance Rate Comparison Guides. First introduced in 2012, "Shop Your Rates" is an online interactive system that allows consumers to compare the automobile and homeowners rates of insurance providers in the state. Users of the online guides can choose between different scenarios, each containing several variables. For the homeowners guide, variables include age and size of home, level of coverage desired and type of construction. Examples for the automobile guide include a range of ages, driving history and number of miles driven annually. After selecting a scenario, consumers can then choose a city to see a sample of available rate quotes.

"We've made some significant additions to the homeowners guide in response to feedback we've received from consumers and we added scenarios that more closely resemble the insurance needs of Louisiana homeowners," said Commissioner Donelon. "A few changes consumers may notice include the addition of rate samples from 16 more cities throughout the state, as well as seven additional rating examples incorporating a greater variety of factors that may influence premiums such as credit scores, claim history and whether a home is fully mitigated for storm protection."






ULM Risk Management and Insurance Program Will Host
Its First Risk and Insurance Talent Search, the "RITS"

On Thursday, February 26th, 2015, the ULM Risk Management and Insurance Program will host its first Risk and Insurance Talent Search, the "RITS". According to Dr. Christine Berry, "We've had an unbelievable semester this past fall having attracted more than 30 new exceptional students to the Risk Management and Insurance major. We now have more than 60 STUDENTS in the major; many are freshman and sophomores and several are juniors and seniors. All of them are looking for either a summer internship or full-time position starting in May or June of 2015!"

In our efforts to support the promotion of insurance as a career and assist our members in finding good employees, PIA would like to support this program. Even if you don't expect to have a full-time position in the Spring or to take a summer intern, you are still invited to attend this special event and showcase the insurance industry and your company, brokerage or agency. Representatives from our Young Insurance Professionals will be in attendance to answer any questions and promote opportunities within our industry.

They are asking for a small contribution of $100 to attend the event. They also welcome a sponsorship of the Thursday evening reception, coffee breaks, and Friday morning breakfast. Proceeds raised from the event will be used to support student attendance at conferences and other industry events such as RIMS, LSLA and the PIA Crawfish Boils.

So please contact Dr. Christine Berry or Seth Hall, shall@ulm.edu, for more details.






Thanks to Our 2015 PIA Partners:
                

Americas Insurance Company


American Strategic Insurance (ASI)


Capital Premium Financing

Markel FirstComp

LCTA Workers' Comp

LUBA Workers' Comp

Prime Rate

Stonetrust Commercial Ins. Co.

VIP Software