Day: December 6, 2022

Oregon: Legislation Proposed to Ban Credit Scoring & Other Insurance Tools The issue of credit scoring and how insurers set insurance rates for auto and home continues to be under attack in Washington and Oregon. In Washington, Insurance Commissioner Mike Kreidler has stopped his efforts and will let the Legislature take the reins. In Oregon …

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Porch Pirates — A Yearly Holiday Unneeded Surprise   Porch pirates are a year around problem. However, because of the enormous number of packages sent during the holidays, these criminals do more stealing than at any other time of the year.   This article comes courtesy of the NW Insurance Council. It is a nonprofit, …

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Underwriting — Big Losses for the First Three Quarters of 2022 AM Best just completed an analysis of property and casualty insurance income for the first three quarters of 2022. Underwriting is the big concern with Best finding net underwriting losses hit $24.3 billion. The good news is that the loss is down $17.9 billion …

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Gas Prices & Christmas — Ho, Ho, Ho, Happy Holiday Travel While prices vary state to state and city to city, it appears — says AAA — that gas prices are dropping. And they’re dropping quite rapidly. In fact, the gas price gurus at GasBuddy think the nationwide average for a gallon of gas might …

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Special Report: Job Perks — Not So Popular These Days One thing we’ve all noticed since COVID hit is what employees want from an employer has changed. It used to be raises and office perks. Lately, people are wanting to work remotely as much as possible, and many are demanding that perk or they’ll quit …

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The PIA Offers a New Tool to Protect Your Agency from Cyber Attacks — And at a Holiday Discount The holiday season is for giving but cyber crooks like it for taking data from your agency and clients though scams and hacks. For December only, we are offering $100 off our cyber risk assessment that …

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How British Columbia’s Auto Liability Law could Impact U.S. drivers This story comes to us from the NW Insurance Council. It is a nonprofit, insurer-supported organization providing information about home, auto and business insurance to consumers, media and public policymakers in Washington, Oregon and Idaho. If you’re a United States resident and plan to drive …

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Around the PIA Western Alliance States   California — Insurers Want to Use Wildfire Catastrophe Models: Milliman did an analysis of wildfire insurance in California and found homeowners would be better able to access insurance if wildfire catastrophe models were instituted.   Milliman did the analysis at the request of the Personal Insurance Federation of …

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