How Commercial Insurance is Rated by Consumers | 7 Commercial insurance customers are generally satisfied with commercial insurers. Catastrophe in 2017 was Catastrophic | 9 The Federal Emergency Management Agency (FEMA) released its year-end catastrophe statistics last week. 2017: Mergers & Acquisition Numbers Skyrocket | 10 OPTIS Partners does a report every year on the number of mergers and acquisitions in the industry. Last year deals in the United States and Canada set records. Special Report: The PIA, Cyber Risk, Cyber Concerns | 12 Every week as we go through our news sources, the PIA staff runs across a half-a-dozen or more stories on cyber concerns, cyber insurance, cyber attacks and so on. The Wells Fargo Saga May Not be Over | 14 President Trump has waded in on Wells Fargo’s multiple scandals. You remember the forced insurance, the mortgage fee overcharges and the fake bank accounts. If you don’t Trump does. Morgan Stanley: An Insurance Tax Reform Perspective | 16 The impact of the now-called Trump tax cuts is still being analyzed. For insurance it will likely be a good thing and with the pass-through income changes, a huge percentage of independent insurance agents will benefit.
Retiring Soon? The Best & Worst States for Retirement | 20 Somewhere in middle-age we tend to start talking about what we’d like to do when we retire and where we’d like to live. The goal for retirement is to find comfortable and affordable places with plenty of activity available. Other factors strongly considered are low taxes, access to excellent health care, nice weather and low crime rates. The Hartford Sells Annuities Business | 21 The Hartford Financial Services Group is selling its annuities and the $100 billion book of business it contains. Update: Crisis — California’s Oroville Dam | 25 Oroville, California is home to the tallest dam in the United States. Earlier this year a broken spillway caused the evacuation of close to 200,000 people as officials feared a total collapse.
PIA NE IA EVENTS Professional Insurance Agents NE IA and The National Alliance Nebraska and Iowa CIC & CISR Designation | 24 Upcoming Events Calendar 2018 | 26
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Trump Backpedals on Crop Insurance | 17 PIA National supports the Federal Crop Insurance Act of 1980 (FCIP). It relies on the independent insurance agent to deliver the insurance to the insureds and since the Act’s implementation, the program has thrived. Errors and Omissions: Avoid Gaps When Moving an Account | 19 By Curt Pearsall, CPCU, AIAF, CPIA President — Pearsal Associates, Inc. and Spedcial Consultant to the Utica National E&O Program
January 2018 | Main Street Industry News | www.pianeia.com | 4
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