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A I I Monthly News Brief
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July 2017 News Brief
Business & Insurance Headlines Making News in Arizona & Around the World

For questions or information, please contact
Jeff Bronaugh, CPCU, CLU, ChFC, CIC at (520) 343-4394
 
Making News in Arizona

July is National Auto Theft Awareness Month! Are you doing all you can to keep your car safe?
The Arizona Auto Theft Authority and NHTSA Reminds the Public to Secure Your Car During July’s National Vehicle Theft Prevention Month
In 2015, nearly a quarter of a million vehicles were stolen in the United States. Vehicle theft is a billion-dollar crime, with the cost of stolen vehicles coming in at more than $5 billion in 2015 alone... Read More From the AATA
 
Insys sued by insurers over marketing of its opioid drug
Insys Therapeutics of Chandler, already facing numerous legal challenges over the alleged improper marketing of a powerful opioid drug, was hit last week with a lawsuit from Anthem Inc. The health insurer and affiliated entities accused Insys of scheming to obtain "millions of dollars in reimbursement from health insurers, including Anthem, that the company knew it was not entitled to" through the marketing of Subsys. (Arizona Republic)
 
National Headlines

Some millennials are crowdfunding their homes
According to a recent survey by Apartment List, 80 percent of millennials – defined as those born between 1980 and 1995 – say they want to buy a home, but most have less than $1,000 saved a for a down payment. Fundrise, a housing management company based in D.C., has developed a new investment platform, called the eFund, that aims to alleviate housing costs for young people. (Business Insider)
 
The May "IVANS Index" Shows Positive Commercial Lines Premiums
IVANS, a division of Applied Systems, recently announced the commercial lines premium results for May's IVANS Index: Premium Renewal Rate Index report. May 2017 marks the first time in several months that all major commercial product lines, including auto, business owner's policy (BOP), general liability, property, umbrella, and workers compensation, are in positive territory. Most notably, for the first time in 2017…(Captive Insurance News)

American adults without health insurance rises by 2 million
The number of U.S. adults without health insurance has grown by some 2 million this year, according to the Gallup-Sharecare Well-Being Index. The uninsured rate among U.S. adults was 11.7 percent in the second three months of this year, compared with a record low of 10.9 percent at the end of last year. (CBS News)

The Jacobson Group’s Latest Insurance Industry Labor Report
Quarterly Compass (PDF)
Monthly Pulse (PDF)
 
Around The World

For the future of insurance, we need to look to China
Personalised insurance policies that are easy to create are needed, Aviva's chief digital officer Andew Brem said at WIRED Money 2017. (Wired)

Nearly 600 Attend 3rd IICF Women in Insurance Global Conference in NYC to Explore “The Power of Diverse Thought and Innovation”
The IICF Women in Insurance Global Conference welcomed to New York nearly 600 insurance professionals from around the world, as far as China and Australia. Leading voices in the industry, academics and public policy explored issues of diversity and inclusion, the global impact of innovation, unconscious bias, and the importance of a fully inclusive work environment.
To read more about the thought-provoking anecdotes and presentations that offered strategies for innovating, fostering diversity and creating inclusive work environments - and to read about IICF's 2017 Inclusion Champion Award Winners - please visit our News/Media Center.

 

 
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(If you have an event or career day you would like to have posted in next months newsletter please email Nicole Farr at nicole@azinsurance.org)

 
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