The latest on ride sharing

The National Association of Insurance Commissioners recently released a consumer alert about how ride-sharing drivers may not be covered by insurance. PIA will have an article on ride sharing in your September edition of PIA magazine. Also, watch for PIA’s two-minute survey on this developing issue, launching Sept. 1. What this means for agents: Your insured may need to consider a commercial policy. More …   

NCCI issues Residual Market Second Quarter 2014 Report

The National Council on Compensation Insurance has released its CT Residual Market Second Quarter 2014 State Activity Report, which includes charts illustrating the total number of policy counts and/or premium volume over the past four years for the same quarter each year; tables listing the top 10 classification codes by policy count and premium volume (these show which class codes have top ranking and the percent of policies and percent of premiums); and charts with Loss Ratio, Ultimate Net Written Premium, Incurred Losses, and Estimated Net Operating Gain/Loss information (these show premiums, gains and losses during a period).  

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Ask PIA: Refusal to write based on applicant's age

Q. In Connecticut, an insurer who writes a homeowners or personal auto policy is refusing to write a personal umbrella policy on the basis of the applicant’s age. Is this discrimination? A. A number of sections of law govern discrimination in the offering and renewal of insurance. Section 38a-358 of the Connecticut General Statutes squarely addresses unfair discrimination in the issuance, declination and renewal of personal auto insurance; among other prohibitions, refusing to write based solely on the applicant’s age, sex or marital status is prohibited (but not if there is another company in the insurer group that would not decline coverage for the same reasons). For a more comprehensive answer to this question, click here. To access our entire Ask PIA library of frequently asked questions and expert answers by PIA’s technical staff, click here.   

PIA, Floodbroker.com offer tools to help agents sell more flood insurance

PIACT and Floodbroker.com offer PIA-member agencies a unique sales tool to facilitate the sale of flood coverage and provide critical documentation of the agency’s efforts to do so. This agreement provides PIA-member agencies with a customized link installed on their own agency’s website to encourage current and prospective clients to consider and purchase flood coverage. The web portal leads consumers to flood insurance information, and with a simple application it will generate a quote for the customer, as well as a qualified lead for the agency to engage. More …  

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PIA's Custom Class: CE when and where you want it

With the PIA member-exclusive Custom Class program, your employees get tailored, targeted knowledge and continuing-education credit without leaving the office. Get more value out of the time and money your agency or company is investing in CE when you plan a program to suit your needs. With PIA Custom Class all licensed insurance professionals in your agency or company earn CE credits at the same time, at substantial cost savings. And, they’ll gain important knowledge specific to your business’s operations that they can start implementing immediately. PIA can help you create a winning spirit throughout your business while staying up-to-date with state licensing requirements. More …   

Upcoming PIACT Webinars

PIACT will offer the following Webinars in the next few months: E&O Hotspots … 2014 and Beyond^{^FF^UM} (Thursday, Sept. 4, from 10 a.m.-1 p.m., CTCE: 3 PC); Agency Underwriting Profitability and Contingency Bonus Maximization (Thursday, Sept. 18, 10-11:45 a.m., CTCE: 1 PC); Agency Staffing, Performance and Job Evaluations (Thursday, Oct. 2, from 10-11 a.m., CTCE: N/A); E&O Hotspots … 2014 and Beyond^{^FF^UM} (Thursday, Oct. 16, from 10 a.m.-1 p.m., CTCE: 3 PC); Top Ten Personal Lines Endorsements (Tuesday, Oct. 21, from 10-11 a.m., CTCE: 1 PC); Ethics—Something Worth Pursuing (Tuesday, Dec. 2, from 10 a.m.-1 p.m., CTCE: 3 LRE); and Top Ten Commercial Lines Endorsements (Wednesday, Dec. 10, from 10-11 a.m., CTCE: 1 PC). ^{^FF^UM}—This course has been approved for E&O loss-prevention credit by Fireman’s Fund and Utica Mutual. Call the PIA E&O Department for details at (800) 424-4244. For more information or to register, click here.  

PIACT-YIP’s Golden Gala Awards Night: The event of the season

Mark your calendar now: Thursday, Sept. 25, 2014, from 5:30-8:30 p.m., at Race Brook Country Club, Orange, will be the PIACT-YIP’s Inaugural Golden Gala Awards Night. Come walk the red carpet as CTYIP honors individuals and companies with a passion for insurance excellence. This industry-wide awards gala will recognize extraordinary contributions, including technological advancement, innovation, lifetime achievement and more. Event sponsor: Renaissance Alliance. For more details and to register, click here. For information about more sponsorship opportunities, click here.   

Grow your agency with Real Time

In today’s market, it’s hard to grow an agency’s top line. Now is the time to get serious about using Real Time. PIACT’s supports the all-industry Get Real Time campaign and offers QuickSource Document No. 90552 to offer you some practical steps for getting started. Also offered is QuickSource Document No. 90510, AUGIE Commercial-lines policy detail download for agencies interested in implementing this type of program.  

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