Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Ohio-based Zito Insurance Agency Partners with Keystone Insurers Group
Apr 22 2013 // Zito Insurance Agency, based in Mentor, Ohio, is partnering with insurance broker Keystone Insurers Group. Zito Insurance Agency wasfounded in 1963 by Eugene Zito and is an independent insurance agency offering an array of...
Florida’s Latest PIP Conundrum: Medical Fees
Apr 22 2013 // Florida’s high court is poised to decide how much money insurers owe some medical providers in cases where an auto policy does not specifically state that the fees will be based on a fee schedule approved by state...
Florida Alleges Fraud by Allianz in Case of Failed Insurer
Apr 22 2013 // Florida regulators are alleging that insurer Allianz and its companies contributed to the collapse of a Florida domestic property insurer by taking out more than $20 million in assets and rendering it unable to meet its...
E&O Insights: Directors & Officers Liability Is Not Your Normal Insurance Product
Apr 22 2013 // If you asked 100 insurance professionals on the agency side what one line of business “scares” them the most, it’s likely that directors and officers (D&O) liability would be at the top of the list....
10-Point Checklist for DO Renewals in a Hard Market
Apr 22 2013 // No one, least of all the insured, likes a price increase. But with the D&O market firming across the board – as confirmed by the Towers Watson “2012 Directors and Officers Liability Survey” released in...
Florida Hurricane Cat Fund Reform in Jeopardy
Apr 19 2013 // Plans to reform Florida’s state-backed reinsurance facility with proponents scaling back their proposals. The Florida Hurricane Catastrophe Fund has been the subject of legislative reform efforts for several years as...
S&P Report Looks At ERM Scores of North American, Bermudian Insurers
Apr 19 2013 // Standard & Poor’s Ratings Services has updated its enterprise risk management (ERM) opinions for all of its rated North American and Bermudian insurance companies. S&P explained that an...
S&P: Bermuda Outlook Revision ‘No Impact’ on Bermuda Reinsurer Ratings
Apr 19 2013 // Standard & Poor’s Ratings Services in a report titled “The Recent Outlook Revision On Bermuda Does Not Affect Bermudian (Re)Insurers“, said that “despite the recent outlook revision on the...
PCI: Too Early for Insurance Implications of Deadly Texas Fertilizer Blast
Apr 18 2013 // A fertilizer facility exploded in the small Central Texas town of West on Wednesday night, killing an estimated 15 people, injuring more than 150 and damaging dozens of homes, according to a report in the Austin American...
N.Y. Reaches Settlement With QBE Over ‘Force-Placed’ Insurance Business
Apr 18 2013 // New York officials announced this morning that a New York State Department of Financial Services (DFS) investigation produced an additional settlement with a major “force-placed” or “lender-placed”...
UK Insurer Aviva to Cut 2,000 Jobs Worldwide
Apr 18 2013 // British insurer Aviva Plc will cut as many as 2,000 jobs worldwide in the latest cost-cutting drive aimed at revitalizing its flagging fortunes, the company confirmed on Thursday. Chief Executive Mark Wilson told staff the...
Sources Say China Revamps Anti-Money Laundering Rules for Banks Insurers
Apr 18 2013 // Chinese banks must rate their clients’ risk of criminal conduct on a scale of 1-5 as part of the central bank’s moves to curb money laundering and fraudulent transactions estimated at hundreds of billions of...
Nearly 95% of N.Y. Sandy Claims Closed, Insurers’ Response Report Card Shows
Apr 17 2013 // New York State regulators’ latest Sandy response report card shows that almost 95 percent of Superstorm Sandy-related personal and business insurance claims in the state have now been closed. The report card, which...
Willis Re Claims Exec on Mutual Insurers’ Cat Loss Exposures
Apr 17 2013 // Willis Re may be positive about the market changes that could benefit mutual insurers , but Barry Costi-Mouyia, Technical Claims Director of Willis Re, has indicated that while many of the claims issues arising from...
Firefighters Insurance Is Taxing Municipalities in Pennsylvania
Apr 15 2013 // Firefighters have a dangerous job. They run into burning buildings in the midst of panic and chaos, wade through thick smoke in search of life and keep precious mementos from turning to ash. That’s why most people...
Judge Nixes Insurer Lawsuit After Juror Conducts Online Research
Apr 15 2013 // A federal judge in Louisville has dismissed an entire jury pool in a civil case because one of the jurors did online research about the defendant. U.S. Magistrate Judge James Moyer excused the panel in a case brought by...
Supreme Court Will Not Hear Drugmaker’s Appeal of Insurer’s Medicare Reimbursement Claim
Apr 15 2013 // The U.S. Supreme Court on Monday declined to consider whether private insurers can sue giant drugmaker GlaxoSmithKline Plc over health costs incurred by its Avandia diabetes drug. Humana Inc.’s Humana Medical Plans...
Best Affirms Samsung Fire & Marine Insurance Company of Europe Ratings
Apr 15 2013 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of UK-based Samsung Fire & Marine Insurance Company of...
Willis Re Finds Reinsurance Market Changes Favoring Mutual Insurers
Apr 15 2013 // Mutual insurers have found themselves in a prime position to capitalize on changes in the traditional reinsurance market, according to Willis Re, the reinsurance broking arm of Willis Group Holdings. Its newly released...
Insurer: Arson Ring Operated for 2 Decades in Flint, Michigan
Apr 12 2013 // An insurance company says more than a dozen people operated an arson-for-profit ring in Flint, Mich., that collected more than $2 million over two decades. The Flint Journal reports State Farm Insurance says in a lawsuit...
