Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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...
Top 30 Homeowners Insurers Q2 2013: SNL Financial
Oct 24 2013 // Top Homeowners Insurers Q2 2013: SNL Financial
Program Business Market Grows 10% to $27B, TMPAA Study Finds
Oct 23 2013 // The Target Markets Program Administrators Association (TMPAA) released the results of its annual research to document the size, characteristics, growth and other base-line information about the program insurance market....
Willis to Allocate Share of London Business to Pre-Selected Insurers
Oct 22 2013 // Willis Group Holdings Plc, the third-largest insurance broker by market value, agreed to allocate as much as 25 percent of premiums from the London corporate specialist market to pre-selected insurers. Underwriters in the...
P/C Insurers’ CFOs Point to Hardening Markets: Towers Watson Survey
Oct 22 2013 // Chief financial officers with leading North American property/casualty insurers believe both property and casualty insurance markets are in the midst of hardening, according to a new North American Property & Casualty...
For Some Sandy Victims, Flood Insurance Payouts Fall Short
Oct 21 2013 // Many homeowners who got slammed by Superstorm Sandy are finding their flood insurance checks are nowhere near large enough to cover their repairs, and consumer advocates put some of the blame on errors by the multitude of...
Insurer Plans IPO Despite Not Making Profit Yet
Oct 21 2013 // NMI Holdings Inc., the mortgage guarantor backed by Kyle Bass, Carlyle Group LP and BlueMountain Capital Management LLC, is seeking to be the first U.S. insurer since 2009 to file an initial public offering without posting...
Insurer Complaints
Oct 21 2013 // It’s no surprise that claims handling ranks in the top 10 when it comes to insurer complaints, but producer licensing issues also appear to be a top grievance. According to a new report by Waltham, Mass.-based...
