Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Agents Who Understand Customers’ Businesses Boost Commercial Insurers: J.D. Power
Sep 3 2013 // Small commercial lines insurance customers most value having an insurance agent or broker who completely understands their individual business and helps them assess and manage their risk. The highest-ranked small business...
Best Affirms Argo Group International and Subs Ratings; Outlook Stable
Sep 3 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Bermuda-based Argo Re Ltd. and its subsidiaries. Best also affirmed the...
Florida’s Citizens Signs with 10 Insurers to Take Nearly 400,000 Policies
Sep 3 2013 // Hundreds of thousands of Floridians who rely on Citizens Property Insurance could soon find themselves with a new insurance company. State regulators last week quietly signed off on a plan to let 10 different insurance...
Insurers Have Paid $1.2M for Boston Bombing P/C Claims So Far; Health Claims to Top $22M
Aug 30 2013 // The Massachusetts Division of Insurance says that so far, 207 Boston Marathon bombing-related property/casualty claims have been reported by the top 25 insurers and the residual market insurer Massachusetts FAIR...
Florida Insurers, Hospitals Findings Ways to Cut Costs
Aug 30 2013 // As health care costs rise in Florida, insurers and hospitals vested in the success of the Affordable Care Act, are coming up with new ways to cut costs from buying services in bulk and piloting programs to lowering...
No Insurer Assessments for TWIA, for Now
Aug 29 2013 // Despite pleas from officials and policyholders in Texas Gulf Coast communities, the board of the state’s insurer of last resort for wind along the coast has decided not to assess its member insurance companies for...
Tennessee’s Jamieson & Fisher Joins Keystone Insurers Group
Aug 29 2013 // Keystone Insurers Group said Covington, Tenn.-based agency Jamieson & Fisher Inc. has become its 21st franchise partner in the state. The announcement was made by Jamieson & Fisher President Ed Kaiser and Keystone...
Conn. Supreme Court Reverses Trial Court Ruling, Says Acordia Didn’t Breach CUIPA
Aug 28 2013 // The Connecticut Supreme Court issued a ruling in favor of Acordia insurance brokerage Monday. The Connecticut Supreme Court, the state’s highest court, reversed a lower trial court’s 2010 ruling that previously...
Crop Insurer Says Saskatchewan Had 25% Fewer Acres That Were Too Wet to Plant
Aug 28 2013 // Saskatchewan, Canada’s largest wheat and canola producer, had 25 percent fewer acres that were too wet to plant this year, the province’s insurer said. A total of 1.5 million acres of an approximate 27 million...
Insurer Denies Claims by North Dakota Potato Baron
Aug 26 2013 // The group that insures an Idaho potato company said in court documents filed on Aug. 23 it should not have to pay the legal bills of a North Dakota man who serves as chairman of the company. Ronald Offutt Jr., of Fargo,...
Texas Windstorm Insurer Offers Underwriting Basics Online Workshop
Aug 23 2013 // The Texas Windstorm Insurance Association (TWIA) announced it is now offering its Texas Windstorm Insurance Association Underwriting Basics Workshop online. This course, which is open to insurance agency personnel, has...
Iowa City Negotiating With Insurer over Landfill Fire
Aug 23 2013 // Iowa City officials are negotiating with an insurer about a disputed claim arising from last year’s landfill fire. The Iowa City Press-Citizen says the city council has approved a confidentiality agreement with The...
Malaysia Legislates Jail for Shariah Scholars Over Insurer, Bank Breaches
Aug 23 2013 // The Malaysian law that exposes Shariah scholars to jail terms for rule breaches will ensure tighter compliance, in a market where the regulator has already made progress in unifying standards. Under the Islamic Financial...
Brazil Insurer Continues Outperforming After World’s Largest IPO
Aug 23 2013 // BB Seguridade SA, the Brazilian insurer that held the world’s largest initial public offering this year, is outperforming every other IPO from an emerging- market financial company this year. The rally isn’t...
Washington Fines 4 Insurance Companies For Overcharging
Aug 22 2013 // Insurance Commissioner Mike Kreidler is fining four insurance companies for overcharging consumers in Washington state. Kreidler’s office said Tuesday that Hartford Accident and Indemnity Co., Hartford Casualty...
Florida’s Citizens Makes Case for Homeowners, Sinkhole Rate Increases
Aug 21 2013 // Florida’s state-backed property insurer is seeking a statewide average 6.6 percent increase in homeowners’ rates and a 24.8 percent increase in sinkhole rates while citing reduced losses and an improved...
Settlement Reached in Deadly NYC Crane Accident; Insurer Agrees to Pay $1M
Aug 21 2013 // The parents of a construction worker killed in a New York City crane accident have settled their wrongful death lawsuit for $1 million. The Daily News says Yonkers Contracting’s insurance company Liberty Mutual...
A Roundup of Maryland’s New Insurance Laws From 2013 Legislative Session
Aug 21 2013 // The Maryland Insurance Administration issued a bulletin this week summarizing new insurance legislation from the Maryland General Assembly’s 2013 session that have been signed into law by Gov. Martin O’Malley....
Mass. Division of Insurance Approves 2 New Entrants to State’s Auto Insurance Market
Aug 20 2013 // The Massachusetts Division of Insurance announced that Privilege Underwriters Reciprocal Exchange (PURE) and Esurance automobile insurance are now available for Massachusetts consumers. The Division of Insurance said that...
P/C Direct Premium Written Up Nearly 4.8%
Aug 19 2013 // Direct premium written (DPW) for property/casualty insurance companies continued its upward trend during the first quarter of 2013. At year-end 2012, the industry reported more than $523 billion of DPW — an all-time...
