Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
E&O Dangers for Agents
Nov 4 2013 // Specializing is one way to get ahead in today’s insurance world. But becoming an expert comes with its own share of risks. Phrases such as “expert” or “specialist” have the potential to raise...
Technology Spurs Industry, Government Modernization
Nov 4 2013 // Technological innovations are revolutionizing how businesses and consumers operate — prompting quick action from the insurance industry and the government to enable people to adopt and embrace this rapidly emerging...
Armstrong Loses Key Ruling in Bonus Money Fight with Insurer
Nov 1 2013 // A Texas insurance company that specializes in promotions and prizes is closer to forcing Lance Armstrong to return about $12 million in bonuses he was paid for winning the Tour de France while secretly using...
Maryland’s Chesapeake Employers: Business as Usual for Policyholders, Agents
Nov 1 2013 // Maryland’s largest writer of workers’ compensation insurance and the insurer of last resort adopted a new name and a new corporate structure in October. The 99-year-old Injured Workers’ Insurance Fund...
Insurer Alleges Robotic Surgery Firm Lied About Claims
Nov 1 2013 // Intuitive Surgical Inc., the maker of robotic surgery devices targeted by patient lawsuits, was sued by an insurer alleging the company hid the number of legal claims it might face when buying product liability...
Keystone Insurers Group: Nicoud Insurance Is First Illinois Franchise Partner
Oct 31 2013 // Keystone Insurers Group has welcomed Springfield-based Nicoud Insurance Services as its first franchise partner in Illinois. The announcement was made jointly by the agency’s owners, Jim Hillestad and Tim Nicoud, and...
Bolt Solutions Acquires Online Aggregator Superior Access (SAIS)
Oct 31 2013 // Bolt Solutions Inc., which provides property/casualty insurance online distribution and comparative rating platforms, has acquired Austin, Texas based Superior Access Insurance Services Inc. (SAIS), which it says is the...
Many Sandy-Displaced N.J. Residents Dissatisfied With Insurers: Survey
Oct 30 2013 // A new survey of New Jersey residents who have been displaced from their homes because of Superstorm Sandy shows many of them are not happy with their insurers. The Monmouth University Polling Institute in West Long Branch,...
ISO Launches Standardized Motorcycle Program for Personal Lines Insurers
Oct 30 2013 // ISO has filings underway for its new standardized motorcycle program. The program consists of forms, rules, and loss costs tailored to fit the specific requirements for insuring a motorcycle. The base policy provides...
Insurance Company Pays $16K to Vermont Auto Customers
Oct 30 2013 // Vermont’s Department of Financial Regulation says a Wisconsin-based insurance company has paid nearly $16,000 in restitution to Vermont auto insurance customers whose damage claims were not evaluated properly. An...
Florida to Report on Effect of Reinsurance Savings on Homeowners’ Rates
Oct 30 2013 // Florida Chief Financial Officer Jeff Atwater wants to know why home insurers are not passing along to insureds apparent savings they are realizing on reinsurance. The state’s insurance regulator says he will let...
Nightclub Insurer Founder Fights Delaware Regulator Over Seizure
Oct 30 2013 // Indemnity Insurance Corp., which insures nightclubs, is at the center of a legal tug of war between its founder and the Delaware insurance commissioner. The dispute between company founder Jeffrey B. Cohen and Commissioner...
Insurers Rated on Customer Satisfaction with Auto Claims: J.D. Power
Oct 30 2013 // Customer satisfaction with auto insurance claims handling is improving, due in large part to insurers’ improvements in managing the first notice of loss (FNOL) process and providing faster payments to claimants,...
UK Market Offers Hints on How Insurers May Treat E-Cigarettes
Oct 29 2013 // For several years now now, a lot of people involved with insurance—me included —have been puzzling out the ways that new tobacco products like e-cigarettes and snus might impact life and health insurance markets. To...
Usage-Based Auto Insurance on Road to Becoming Standard Offering
Oct 29 2013 // Technology is spurring innovation and altering risk scenarios throughout the economy including in auto insurance. While advanced auto safety features, the shared economy and driverless cars promise to reshape auto...
Rusbuldt on McKinsey 2: Agent-Carrier Relationships Make a Difference
Oct 29 2013 // Bob Rusbuldt, president and CEO of the Independent Insurance Agents and Brokers of America – the Big “I”- takes issue with a McKinsey report that claims local independent agents will soon be extinct. In this...
Louisiana Insurance Companies Stonewall on Enrollee Data
Oct 28 2013 // The three main companies offering health insurance plans to Louisiana residents on the federally run online health marketplace have refused to say how many people have been able to sign up for coverage. The marketplace...
N.Y. Announces Protocol for Insurers to Follow During Future Severe Storms
Oct 28 2013 // New York Governor Andrew Cuomo announced today that his administration has established a new emergency disaster protocol that insurers should expect to follow in the event of future severe storms and other natural...
Why McKinsey’s Prediction of Demise of Independent Agents Is ‘Dead Wrong’
Oct 28 2013 // A recent report from McKinsey & Co. had some bad news for local property/casualty insurance agents— many of them will be out of business within the next five to 10 years. McKinsey contends that “the economics...
Schumer: Sandy Victims Need More Time to Challenge NFIP Payout Amounts in Court
Oct 25 2013 // Two U.S. senators representing New York State, Sen. Charles Schumer and Sen. Kirsten Gillibrand, this week called on Federal Emergency Management Agency (FEMA) to extend the statute of limitations for Sandy victims seeking...
