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Join us LIVE at the General Session — July 23, 2017!

Please be sure to join us at our General Session on July 23, 2017 from 8:30am till 11am at the PIA 74th Annual Convention.

We will be broadcasting LIVE on our Facebook page throughout the session.

During the first half of the session we will be covering the general business of the association. After a short break, we will be holding a forum with a panel of industry professionals and state legislators and officials. We will be taking live questions, live polls and discussing what is most important to the industry. Our panel will include the following speakers:

Commissioner of Insurance James J. Donelon
PIA National President Gary Blackwell
Representative Mike Huval
Representative Edmond Jordan
PIA Lobbyist J. Robert Wooley
PIA State Executive Committee

Be sure to join us!!

Forecasters Revise Hurricane Predictions Upward

On July 5, Colorado State University (CSU) forecasters issued a revised prediction for the 2017 Atlantic hurricane season, stating that there would be 15 named storms, up from 13. They also predicted eight hurricanes, up from six in June and four in the previous report, and three major hurricanes, up from the two predicted in the previous two reports.

The forecasters now expect to see above-average hurricane activity this season. Researchers say there is a 62 percent probability that at least one major hurricane—Category 3, 4 or 5—will make landfall along the U.S. coastline, higher than the century average of 52 percent.

For the U.S. East Coast, including the Florida peninsula, the probability is 39 percent, compared with the 31 percent century average. For the U.S. Gulf Coast, from the Florida panhandle westward to Brownsville, Texas, the probability is 38 percent, compared with the 30 percent average for the last century.

Upcoming PIA Events
08/04/2017 -- PIANO at the Park- A Night with the Baby Cakes

08/09/2017 -- Baton Rouge Chapter Meeting

08/10/2017 -- Saints Kickoff Party

08/15/2017 -- North Shore Chapter Breakfast Meeting

08/23/2017 -- CISR Personal Auto (Kenner, LA)

08/29/2017 -- CISR William T Hold (Baton Rouge, LA)

08/30/2017 -- New Orleans Chapter CE Day

08/30/2017 -- CISR Personal Residential (Lafayette, LA)

08/31/2017 -- CISR Agency Operations (Shreveport, LA)

08/31/2017 -- YIP 13th Annual Bowl-A-Thon

Virtual Exhibit Hall

Check out our
Virtual Exhibit Hall

Disaster Relief Center
Click to enter our
Disaster Relief Center

State Flood Managers: Forgive NFIP's $25 Billion Debt

Congress should admit that the $25 billion debt of the National Flood Insurance Program (NFIP) will never be repaid, and forgive it. That's the assessment of the Association of State Floodplain Managers (ASFPM), who say the $400 million in annual interest payments would be better spent on flood mitigation efforts, reports Bloomberg.

"This program cannot possibly pay this back; I don't care how high you raise the rates," Larry Larson, director emeritus and senior policy adviser of ASFPM, told Bloomberg BNA. "It's the federal government paying itself. It's kind of stupid."

Larson's comments come shortly after the American Academy of Actuaries told Senate staff that the NFIP's debt was primarily caused by big disasters like Hurricane Katrina and Superstorm Sandy. The issue of funding with regard to such events is a public policy question, not an actuarial one, Rade Musulin, the academy's vice president of casualty, recently told Bloomberg BNA ahead of a congressional briefing held by his group. Musulin, the academy's vice president of casualty, recently told Bloomberg BNA ahead of a congressional briefing held by his group.

Get to Market Faster With Fillable
ACORD Forms—PIA Members
Needed for Pilot Program

If you're a producer in the field and you've experienced the tedium of completing a set of ACORD applications and carrier supplements to obtain a quote, then PIA's new pilot program may be for you.

PIA is reviewing a potential new member benefit program that promises to help producers get to market faster with a comprehensive library of fillable ACORD forms. Enter information once and the data flows to the remaining ACORD forms making the submission process faster and easier. Producers can complete forms offline and then share applications and supplements with their office, carriers, wholesalers and clients.

This solution will be most useful to producers in the field who need to share a submission for any line of business with their office, direct carrier markets, wholesalers and brokers. Agencies that will specifically benefit may write hard to place personal or commercial risks, Farm/Agriculture, Surety, High Net Worth Personal Lines, Professional and Executive Lines such as D&O, E&O, Cyber, Fiduciary, EPLI, and Crime. The "always available" application provides fillable forms required for complete submissions, without retyping shared information across all forms. Additionally, any agency personnel who need access to a library of other fillable ACORD forms such as claims, AOR/BOR, and forms not available in their current system can do so with this application.

We are now looking for PIA members who would like to participate in a pilot program to test this new application. There will be no cost to participate in the pilot program. If this sounds interesting to you, please email Alexi Papandon in PIA's national office at alexipa@pianet.org for more information and a brief discussion to ensure fit. Your email does not obligate you to anything.

Upcoming Elections Report from
our Lobbying Team at Adams & Reese

Louisiana's legislative atmosphere is set to change prior to the 2018 Regular Session with several veteran legislators qualifying to further serve the public in other capacities this week. In addition to current legislators seeking higher office, those qualifying to succeed them are expected to impact the dynamics of both the Senate and the House. The qualifying period began at 8:00am on Wednesday and ended at 4:30pm today.

Click here for a listing of who the Secretary of State's Office has qualified to run in the upcoming election period.

Thanks to Our 2017 PIA Partners:

Capital Premium Financing

Excalibur National Insurance Company

LUBA Workers' Comp

Markel FirstComp

SageSure Insurance Managers, LLC

Stonetrust Commercial Ins. Co.