Weekly Industry News

News Releases and Bulletins

Around the PIA Western Alliance States – Week of May 20, 2024

California — DA says USAA, Progressive Cheating on Auto Claims: Alameda County District Attorney Pamela Price has filed a lawsuit against USAA and Progressive. She says they have violated the state’s insurance code, the unfair competition law and the state’s false advertising law. The suit claims the insurers and their

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NAIC Ranks the Top Homeowners Insurers for 2023

S&P Global says homeowners insurance rates rose an average of 11.3% in 2023. In 25 states those rates went up at least 10%. Rates in Texas had the highest increases averaging 23.3%. Second highest was 20.3% in Utah. The PIA Western Alliance state of Oregon, Texas, Arizona, Oklahoma and Colorado

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Willis Towers Watson — Commercial Rates Stabilizing

Willis Towers Watson released a report last week stating that commercial insurance premium rates have started to stabilize for most industries and coverage areas in North America. The report is titled, Marketplace Realities and it found lots of capacity in most lines. That — WTW says — will lead to

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2024’s Highest Paid Insurance Executives

We all agree that a very nice income can be made in the insurance industry. Some make more than others. And some of those making more than others make a lot more. The insurance publication, Business Insurance recently took a look at the highest paid insurance brokers in 2024. These

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Maui Wildfire Loss Estimate So Far — $3 Billion

The Hawaii Insurance Division has now set the estimated losses of the Maui wildfire in August of last year at $3 billion. That number is likely to continue to grow, and authorities in the division believe the final total will be something like $5 billion. The insurance department has also

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Legislative Advocacy - PIA National

NAIC Adopts Update to Its Guide on Cannabis Insurance

A white paper adopted by the National Association of Insurance Commissioners (NAIC) at its Summer National Meeting updates a 2019 white paper on cannabis-related insurance issues and regulation. Produced by the NAIC’s Cannabis Insurance Working Group, the Regulatory Guide to Understanding the Market for Cannabis Insurance: 2023 Update discusses the

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PIA Action Alert: NFIP at Risk of Lapse

As the September 30 expiration date for the National Flood Insurance Program (NFIP) quickly approaches, members of Congress need to hear from agents urging them to act to prevent a lapse of the NFIP. The history of NFIP extensions has been messy. The program was extended 17 times between 2008

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Legislative Advocacy - Oregon

Oregon Primary Election Results

Below is a chart of Oregon 2022 primary election results as of May 22, 2024.  In some cases, the race is still close, so the top name is listed but it is in italics.  If you want to track any particular race, here is the link to the Secretary of

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DCBS news release:

Oregon Division of Financial Regulation encourages consumers to check with their insurance carriers about lowering premiums if credit improves April 4, 2024 Salem – The Oregon Division of Financial Regulation (DFR) has issued a $200,000 fine against State Farm after the company failed to send notices over the past six

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Oregon Agents’ Advocate – February 9, 2024

The Agents’ Advocate 2/9/2024 The 2024 short Oregon legislative session is off to a fast start. Below is the list of bills PIA is following, with our positions noted. Most of these bills will be amended soon but those amendments are not reflected here as they have not yet been engrossed. If you

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Oregon Agents’ Advocate – Feb. 5, 2024

The Agents’ Advocate 2-5-2024 The 2024 Oregon short legislative session started on February 5 and ends by March 10.  PIAO/I has reviewed the legislative bills released and the list of bills PIA will follow is below.  We are still researching our positions, so will publish a list of positions later. 

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Oregon Agents’ Advocate – January 11, 2024

Here are two items PIA members might find interesting: Recently Adopted Rulemaking: Alternative Documentation of Loss HB 2982 (2023) The Oregon Division of Financial Regulation recently announced the following permanent rulemaking: ID 56-2023: Alternative Documentation of Loss Under HB 2982 (2023) Adopt Rule: 836-080-0245 ​Rule Summary: Compliance with ORS 742.053 and reference to the

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Legislative Advocacy - Washington

2024 Washington Legislative Session Wrap-Up

The 2024 session of the Legislature gaveled to a close just before 6:00 p.m. on Thursday, March 7th, marking another on-time adjournment for lawmakers. The preceding 60 days were a sprint, in which nearly 1,200 new bills were introduced and about 350 ultimately passed on to the Governor’s desk. The

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Washington State Legislative Update – Week of March 3, 2024

Four days remain in session as legislators speed toward on-time adjournment March 7th This past week saw the last two major bill deadlines of session, with the opposite house fiscal committee deadline on Monday, and the opposite house floor deadline on Friday. Lawmakers saved some of the session’s most controversial

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Washington State Legislative Update – Week of Feb. 25, 2024

Stage set for budget negotiations, initiative hearings, and more policy debates with less than two weeks left The two chambers have now passed their supplemental budget proposals, giving negotiators starting positions as they work to reconcile fairly small differences. This week will see two days of hearings on three of

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Washington State Legislative Update: Week 6, February 18, 2024

Budget proposals and more bill deadlines as session enters final three weeks Come Monday, just 17 days will remain in this year’s legislative session, and with the anticipated introduction of the chambers’ supplemental budget proposals and further committee cutoff deadlines, matters are progressing toward an on time adjournment on March

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Washington State Legislative Update – January 30, 2024

Legislature enters first turn as committees race to cutoff deadline The session is now one-third over, and with nearly 1,200 new bills introduced, there is still tremendous action in the policy committees. These committees need to wrap up their work on bills by Wednesday at 5:00 p.m., with fiscal committees

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