Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Burand’s Agency E&O Blog: Tip #48
Oct 2 2013 // Notifying Umbrella Carriers of Potential Claims. Every reader likely knows the importance of notifying an excess/umbrella carrier of potential claims in a timely manner. When the excess/umbrella carrier is the same carrier...
Deciphering the Texas Supreme Court’s Decision in Lennar v. Markel
Oct 1 2013 // When the Texas Supreme Court decides to look at controversial insurance coverage issues, you can assume that their decisions will never be boring. Such was the case in its Aug. 23 decision in Lennar Corp. v. Markel...
Insurers’ Private Firefighters Give Wealthy Homeowners Extra Protection
Sep 30 2013 // Bill Potter wasn’t eager to abandon his high-end house last month during evacuations forced by a massive Idaho wildfire, but he felt reassured when his insurance company sent a team to protect his home near the...
Attorney Jeff Kingsley on ‘Post Event’ Regulatory Changes, Cyber Liability
Sep 29 2013 // Jeff Kingsley, a partner in the law firm of Goldberg Segalla, specializes in the emerging and highly complex field of cyber liability and security, which requires explaining the difficult process of applying the long held...
Florida’s Citizens, Heritage Defend Controversial Takeout Deal
Sep 27 2013 // Florida’s state-backed property insurer found itself on the defensive in Tallahassee this week as state lawmakers inquired into a deal whereby a private insurer stands to receive millions in exchange for removing...
Groups Say Regulators Allow Unsafe Mexican Trucks on U.S. Roads
Sep 27 2013 // Regulators determined to let Mexican trucks on U.S. roads under a trade deal have downplayed safety shortcomings with companies in a border-crossing pilot program, according to safety, trucking and labor groups. Trucking...
Moody’s: Moderate Reserve Releases in U.S. P/C Industry to Continue
Sep 26 2013 // U.S. property and casualty (P/C) insurers continue to release reserves to support earnings, said Moody’s Investors Service in two recent reports. U.S. P/C insurers released $9.0 billion of reserves during the first...
Court Weighs Merits of Hold Placed on Florida PIP Reforms
Sep 25 2013 // Florida automobile insurers are hoping a court lifts an injunction that has blocked portions of the state’s 2012 no-fault law from taking effect. Florida’s First District Court of Appeals recently heard oral...
Tech Firm Trōv Promises to Reinvent ‘Insurance to Value’ for P/C Industry
Sep 25 2013 // A high tech start-up is promising to raise the standard for determining “insurance to value” by giving property/casualty insurance companies and brokers access to real-time data on their upscale insureds’...
Average Obamacare Premiums Will Be Lower Than Projected
Sep 25 2013 // By Julie Appleby and Phil Galewitz Kaiser Health News Staff Writers Just days before new online health insurance markets are set to open, the Obama administration Wednesday released a look at average premiums, saying rates...
Canada Regulator Urges Re/Insurers to Use Cat Bonds after Flood Disaster
Sep 25 2013 // Canada’s banking regulator is urging insurers to sell catastrophe bonds for the first time to cut the risk of natural disasters, such as the record floods that inundated swathes of downtown Calgary in June. Climate...
N.J. Bill Seeks to Strengthen Homeowners’ Cases Against Insurers in Civil Court
Sep 24 2013 // New Jersey Assemblyman Reed Gusciora (D-Mercer/Hunterdon) last week proposed a bill aimed at strengthening homeowners’ cases against their insurers in civil lawsuits. Assemblyman Gusciora said the bill (A-4382) would...
NJM, Everett Cash Mutual Join NAMIC’s ‘Century Club’
Sep 24 2013 // The National Association of Mutual Insurance Companies (NAMIC) announced that two Northeast-based member companies, New Jersey Manufacturers Insurance Company and Everett Cash Mutual Insurance Company, will be joining...
Nonprofit Health Insurance Company Forming in Wisconsin
Sep 24 2013 // Business leaders and community organizers in Milwaukee, Wis., have formed a nonprofit health insurance company to provide coverage to small businesses and individuals. Common Ground Healthcare Cooperative is one of 24...
Maryland’s IWIF to Convert to Private, Not-for-Profit Insurer on Oct. 1
Sep 24 2013 // On Oct. 1, IWIF, Maryland’s largest provider of workers’ compensation insurance, will launch a new name and corporate structure as a private, not-for-profit company. As a result of legislation passed by the...
ProAssurance to Acquire Workers’ Comp Insurer Eastern Holdings
Sep 24 2013 // Medical professional liability insurer ProAssurance Corp. said it is acquiring monoline workers’ compensation insurer Eastern Insurance Holdings Inc. in an all-cash transaction that values Eastern at $24.50 per...
Surplus Lines Took Hit from Sandy in 2012 But Appears Back on Track in 2013
Sep 23 2013 // Surplus lines insurers in 2012 posted one of their worst years overall as their underwriting performance fell below that of the total property/casualty (P/C) industry for the first time in more than a decade. Much of the...
ANV’s CEO Matt Fairfield Tells What it’s Like to Run a Global Insurer
Sep 23 2013 // R. Matthew “Matt” Fairfield, the Founder and CEO of ANV, is the epitome of a global insurance executive. He lives in Spain, runs a company based in the Netherlands, which in turn runs a Lloyd’s syndicate...
Anticipation
Sep 23 2013 // The fight against insurance fraud never ends. And despite efforts to combat fraud most insurers anticipate an increase in fraud. One in three U.S. and Canadian insurers do not feel adequately protected against fraud,...
Bloggers Beware: Defamation Claims Brought by Public Figure Plaintiffs
Sep 23 2013 // It takes thick skin to be in the public eye. As Supreme Court Justice Antonin Scalia once observed, “harsh criticism, short of unlawful action, is a price our people have traditionally been willing to pay for...
