PIA of Louisiana's 72nd Annual Convention
July 25-28, 2015 • Perdido Beach Resort
Orange Beach, AL
What is PIA?
   •  Join Now
   •  Contact Us
PIA of Louisiana
   •  Board
   •  Committees
   •  Staff
PIA National
Local Chapters
   •  Conference
1752 Club






State Farm Raising Auto Rates by 3.7% in Louisiana

Auto insurance rates will rise an average of 3.7 percent beginning Dec. 8 for customers of State Farm Mutual Automobile Insurance Co., which insures about one in three vehicles in Louisiana.

Rates for motorcycles and recreational vehicles will decrease by 0.1 percent, the company said.

The state's largest auto insurer said it will increase auto premiums for liability, collision and comprehensive coverage. Comprehensive covers losses from theft, storm damage, fire, vandalism and windshield damage.

The auto rate increase will generate $40.4 million annually from State Farm's 1 million customers, which averages out to about $40 per customer.

However, rates and increases will vary depending on a number of factors, including where a person lives, their coverage and the discounts for which they qualify. The increases start Dec. 8 and, for existing customers, take effect when they renew their policies.


FEMA Summary of April 1, 2015 NFIP Changes

The Federal Emergency Management Agency (FEMA) has issued a summary of April 1, 2015, changes to the National Flood Insurance Program (NFIP). The changes are the result of the Homeowner Flood Insurance Affordability Act (HFIAA) and the Biggert-Waters Flood Insurance Reform Act of 2012 (BW-12).

PIA members and affiliates can keep track of what NFIP is offering in information webinars and webcasts through: https://twitter.com/nfiptraining, as well as in the agent section of FloodSmart.gov: https://agents.floodsmart.gov/Agents/agent-webinars. In addition, NFIP education partner H2O is posting a series of information webcasts and videos at www.flood-ed.com.

Message to Congress: America Still Needs TRIA

Numerous associations and businesses were on Capitol Hill last week urging Congress to approve a long-term reauthorization of the Terrorism Risk Insurance Act (TRIA) before it expires at the end of the year. The Coalition to Insure Against Terrorism (CIAT), of which PIA is a founding member, argues that TRIA is still needed to protect the economy against unpredictable, catastrophic terrorist attacks.

Prospects for quick passage of a long-term renewal of the TRIA in the lame-duck session have dimmed as a result of the November elections. Instead, Congress is now talking about a temporary reauthorization. The Senate passed a bill this summer that would modernize and extend TRIA for seven years, but the House has still not acted. "There is widespread agreement that the program is critical to U.S. economic stability and must be reauthorized," said CIAT spokesman Marty DePoy. "Time is running out."

TRIA was first passed in the aftermath of 9/11 to provide a federal backstop for terrorism risk insurance coverage. After the attacks, reinsurers and primary insurers paid out more than $30 billion in claims and many began withdrawing from the terrorism risk insurance market.

Elections Dim Prospects for Long-term TRIA Renewal (PIA 11/20/14)
Upcoming PIA Events
12/02/2014 -- North Shore Chapter Christmas Party & Installation

12/02/2014 -- Northeast Chapter Christmas Party and Installation

12/05/2014 -- New Orleans Chapter Christmas Party & Installation

12/11/2014 -- Northwest Chapter Christmas Social

12/11/2014 -- YIP HoliDAY at the Races Sponsorship Opportunities

12/11/2014 -- YIPs HoliDay at the Races

12/16/2014 -- Acadiana Chapter Christmas Party

12/17/2014 -- PIA of Baton Rouge Christmas Party & Installation

01/07/2015 -- New Orleans Chapter Meeting

01/21/2015 -- 1752 Club Annual Meeting

Virtual Exhibit Hall

Check out our
Virtual Exhibit Hall

Hurricane Relief Center
Click to enter our
Hurricane Relief Center

State Regulators Form Cyber Insurance Task Force

The National Association of Insurance Commissioners (NAIC) has formed a special task force to help states coordinate efforts related to cyber security and insurance industry data and coverage. The group is expected to make recommendations to the NAIC Executive Committee on how to coordinate NAIC efforts to protect information within insurance departments and the NAIC, protect consumer information collected by insurers and collect information on cyber liability policies being issued in the marketplace.

"The threat of a cyber-attack is very real, and state regulators are committed to developing the tools we need to ensure effective regulation in this area," said NAIC President and North Dakota Insurance Commissioner Adam Hamm.

NAIC Forms Cyber Issues Task Force (Insurance Journal 11/19/14)

Quote of the Week: "The threat of a cyber-attack is very real, and state regulators are committed to developing the tools we need to ensure effective regulation in this area."

       —Adam Hamm, NAIC President and North Dakota Insurance Commissioner.

To get Cyber Liability Coverage through PIA and to offer it to your clients, click here or contact Natalie Cooper at 800.349.3434.

One More Time: PIA Member Webinar — Developing
Social Media Strategies for Your Agency for
Bottom-line Business Results

Let's face it, many traditional marketing techniques don't produce the results they once did. The modern insurance marketplace is more fragmented than ever, with your clients and prospects using a variety of online tools to learn about services and stay in touch with those in their universe. Agents hoping to connect with this growing group of people will need to fish where the fish are.

Join Ted Janusz and PIA for a practical, free PIA member webinar to learn how you can use social media in your agency to form relationships with your clients and prospects and increase sales.

  • Learn what other agents are already doing successfully so you can borrow these good ideas
  • Get ideas for good content that your audience will respond to
  • Learn how to match your goals with the proper social media tools
  • Learn the tricks to succeed in digital marketing — your website, email campaigns, search engines, newsletters, etc.
Title: PIA Member Webinar — Developing Social Media Strategies for Your Agency for Bottom-line Business Results — Not for Geeks!
Date & Time: Monday, December 8, 2014, 2:00 Eastern time
Duration: 50 minute presentation followed by 10 minute Q&A
Register: PIA member agents click here to register

Thanks to Our 2014 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