Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Some Carriers Opt Out of Minnesota Insurance Marketplace
Jun 5 2013 // With just four months to go before Minnesota’s health insurance exchange goes live, it remains to be seen how many new choices consumers will get. The companies that will offer competing plans via MNsure...
N.Y. Assembly Approves a Flurry of Post-Sandy Insurance Reform Bills
Jun 5 2013 // The New York State Assembly approved on Tuesday a comprehensive post-Sandy insurance reform package comprised of 14 pieces of legislation. All approved measures now move to the state Senate for further consideration. The...
Mortgage Insurer Triad Guaranty Files for Bankruptcy Protection
Jun 4 2013 // Triad Guaranty Inc., a residential mortgage insurer, sought bankruptcy court protection from creditors, citing losses related to the U.S. economic slowdown, housing crisis and unemployment. The company, based in...
Insurer Fairfax Appeals SAC’s Dismissal From New Jersey Suit
Jun 4 2013 // Insurer Fairfax Financial Holdings Ltd. asked a New Jersey appeals court to reinstate its lawsuit against Steven A. Cohen’s SAC Capital Advisors LP claiming a campaign of false negative information. The appeal, filed...
As Hurricane Season Opens, Florida’s Citizens Touts Depopulation Deals
Jun 4 2013 // Officials at Florida’s property insurer of last resort say that it is entering the 2013 hurricane season in improved financial condition thanks in part to various private insurer policy takeouts. Those takeouts have...
Coastal Homeowners Upset with Insurers, Regulators Over Surge in Insurance Costs
Jun 4 2013 // When Stan Virden moved into his 2,400-square-foot house overlooking a rock-lined canal in 1996, he paid less than $1,000 a year for homeowners insurance. Now, as he seeks to move to Atlanta to be near family, Virden says...
Insurers Sue Over Southern California School Abuse Settlement
Jun 3 2013 // Seven insurers have sued the Los Angeles school district to avoid paying a $30 million settlement to 58 alleged victims of child abuse at an elementary school. The insurers claim there was no relevant coverage under the...
N.Y. Reaches Reform Agreements With 4 Additional ‘Force-Placed’ Insurers
Jun 3 2013 // New York officials announced that the state’s “force-placed” insurance reforms will now cover 100 percent of the New York market after the New York State Department of Financial Services (DFS) reached...
Hurricane Season and Florida’s Insurance System: Living on Borrowed Time?
Jun 3 2013 // Mother Nature has been kind to Florida’s coastline lately with a record run of seven years without a hurricane making landfall, allowing property insurers time to re-stock their depleted coffers. As a result, before...
Best Affirms MAPFRE USA and Group Members Ratings; Outlook Negative
Jun 3 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of the members of MAPFRE USA GROUP. The lead company in MAPFRE USA is The...
Top 10 U.S. Insurers in Tornado-Stricken States: SNL Financial
Jun 3 2013 // The Moore, Oklahoma tornado, which killed 24 people, was the deadliest tornado to touch down during a nearly weeklong outbreak across the U.S. Midwest and South Central regions. The states hardest hit have been Kansas,...
Near National P/C Carriers Identified for 2013
Jun 3 2013 // The original criteria and objective definition for the Near Nationals was established in the Feb. 12, 2007, issue of Insurance Journal. The Demotech Company Classification System categorizes insurers into one of 11...
Positioning with Companies as the Market Changes
Jun 3 2013 // A huge amount of press has been devoted to how important price is to insurance buyers – and it clearly is. But this is not specific to insurance. Price is a key factor in almost all buying decisions, excluding medical...
Order Up – The Restaurant Franchise Program Market
Jun 3 2013 // One industry segment ideal for the program market and somewhat immune to the effects of a battered economy is the fast-food, multi-unit restaurant franchise industry, the experts say. The larger a company grows, the slower...
Insurer Group Mostly Happy with Missouri Legislative Session
Jun 3 2013 // The Missouri General Assembly has passed several industry-supported insurance-related bills this year. One measure, SB 322, makes it easier for consumers to access their insurance policy, according to the Property Casualty...
Report: California Workers’ Comp Insurers Return on Worth Up
May 31 2013 // California workers’ compensation insurers’ average return on net worth increased for the second year in a row in 2011, according to the latest National Association of Insurance Commissioners report on insurer...
Best Affirms State Farm Companies, Affiliates and Subs Ratings
May 31 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+” of State Farm Mutual Automobile Insurance Company (SFMAIC) and its...
More Than 100 Insurers Sign Up for Healthcare Exchanges
May 30 2013 // Federally-run health insurance exchanges created under President Barack Obama’s healthcare law have drawn applications from 120 insurance plans and added at least one new insurer in 75 percent of the states,...
New York Regulator Asks Insurers About Readiness for Cyber Threats
May 29 2013 // New York’s top financial regulator has asked some of the largest U.S. insurance companies to disclose details on their preparedness for cyber attacks, following a similar request to major banks earlier this year.New...
Oklahoma Tornado Cost Insurers as Much as $3.5 Billion: RMS
May 29 2013 // The tornado that leveled an Oklahoma City suburb last week probably cost insurers $2 billion to $3.5 billion in claims, according to catastrophe modeler Risk Management Solutions Inc. The estimate includes damage to...
