Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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...
Survey: Most Insurers Expect to Increase Revenues, Add Jobs in Next 12 Months
Aug 16 2013 // A new survey from insurance recruiting firm The Jacobson Group and consulting firm Ward Group shows the majority of property/casualty insurers are expecting to hire more staff over the next 12 months. The mid-year...
Insurers Seek 1% Increase in Florida Workers’ Comp Rates
Aug 16 2013 // Florida’s employers can look forward to little, if any, change in their 2014 workers’ compensation rates as the state’s industry-backed rating agency has filed for a modest statewide average 1 percent...
Insurers Sue for Losses from Indiana State Fair Stage Collapse
Aug 15 2013 // Two years after the deadly Indiana State Fair stage collapse, new legal disputes are cropping up and victims are still working to recover. Fireman’s Fund Insurance Co. and subsidiary AGCS Marine, which insured...
Insurers, Government Grapple with Costs of Growth in Wildland-Urban Interface
Aug 15 2013 // The summer of 2013 has been another severe fire season for the United States, a trend that has insurance companies bracing for a new normal: higher rates of property damage as Americans move to wildfire-prone areas in ever...
North Carolina Bureau, Insurers to Pay 2 Innocent Men $12M
Aug 14 2013 // The State Bureau of Investigation said that the agency and its insurers have agreed to pay more than $12 million to two men who spent a combined 31 years behind bars for crimes it was later found that they didn’t...
Loeb’s Third Point Re Set for IPO as Einhorn’s Truck Bet Shows Insurers’ Risk
Aug 14 2013 // Investors in Third Point Reinsurance Ltd.’s initial public offering are betting on billionaire hedge fund manager Daniel Loeb. They’re also taking on risk from an unprofitable underwriting operation. The sale...
Penalized Insurer Required by South Dakota to Show Fixes
Aug 13 2013 // A long-term care insurance company fined $325,000 by the state of South Dakota is being required to submit a timeline for fixing problems identified during an investigation. The state Division of Insurance examination of...
