Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
N.J., N.Y. to Offer Mediation Option for Disputed Sandy Claims
Mar 11 2013 // New Jersey Gov. Chris Christie announced on Feb. 25 his administration would offer a mediation program to Sandy victims who are still in dispute with their insurers. Christie said his administration is establishing a new...
Insurer Not Obligated to Cover Sandusky
Mar 11 2013 // The insurance carrier for the children’s charity founded by former Penn State assistant football coach Jerry Sandusky doesn’t have to cover his criminal or civil legal costs related to acts of child sexual...
N.Y. to Examine 3 Insurers for Sandy Claims Practices
Mar 11 2013 // New York Gov. Andrew Cuomo announced on Feb. 21 that the state’s Department of Financial Services is investigating the claims practices of three insurers following the aftermath of Sandy. The three insurers are:...
International Insurers, Reinsurers to Shoulder Half of Sandy Losses
Mar 11 2013 // International insurance and reinsurance companies are expected to cover half of total insured losses from Superstorm Sandy, an industry association said. Estimated losses from Superstorm Sandy currently stand at over $16...
Insurers Split Over Proposed Changes to Florida Guaranty Fund
Mar 11 2013 // Florida lawmakers are weighing a bill that would alter the funding mechanism for the state fund that pays the claims of insolvent property insurers, a change that does not have the uniform support of the insurance...
Will Wind/Hail Cosmetic Damage Exclusion Endorsements Become the Norm?
Mar 11 2013 // Cosmetic damage from wind and hail to homeowner and commercial properties may no longer be covered if insurers opt to use new policy endorsements – one for homeowners and another for commercial roofs. Two organizations...
Texas Windstorm Insurer Faces Tough Legislative Session
Mar 11 2013 // Texas’ property insurer of last resort in coastal counties may have a difficult time remaining intact during the 2013 legislative session. Claims from 2008’s Hurricane Ike still trickle in and ongoing...
Project CAP 2013
Mar 11 2013 // Independent agents should soon be getting some help with their personal lines sales – better late than never. The delayed Consumer Agent Portal – backed by the Independent Insurance Agents & Brokers of America Inc....
High-Tech Personal Lines
Mar 11 2013 // How technology is changing the way agents do business Many believe there is still opportunity for independent insurance agents and their carriers to grab personal lines market share. But to do so they must find a way to...
Will Wind/Hail Cosmetic Damage Exclusion Endorsements Become the Norm?
Mar 11 2013 // Cosmetic damage from wind and hail to homeowner and commercial properties may no longer be covered if insurers opt to use new policy endorsements – one for homeowners and another for commercial roofs. Two organizations...
Florida Judge: 104-Week Limit on Temporary Disability Benefits Unconstitutional
Mar 7 2013 // A Florida district court judge’s ruling that declared unconstitutional a 104-week limitation on injured workers’ temporary benefits has left insurers and employers scrambling to come up with a legislative...
Report Questions Insurer Readiness, Attitudes on Climate Change
Mar 7 2013 // A report out Thursday that details responses to a climate change survey from insurers doing business in California, Washington and New York shows many insurers are prepared to deal with today’s extreme weather...
Will Wind/Hail Cosmetic Damage Exclusion Endorsements Become the Norm?
Mar 7 2013 // Cosmetic damage from wind and hail to homeowner and commercial properties may no longer be covered if insurers opt to use new endorsements, one for homeowners and another for commercial roofs, that are becoming...
Arizona House Approves Tax Credits For Three Insurers
Mar 6 2013 // The Arizona House gave final approval to a bill granting new tax breaks of $50 million over three years for insurance companies that invest in high technology companies. The bill being pushed by Republican House Speaker...
Bond Insurer MBIA Wins Dismissal of Bank Claim Over Restructuring
Mar 4 2013 // MBIA Inc. on Monday won the dismissal of a lawsuit by Bank of America Corp. and Societe Generale SA challenging its 2009 restructuring, sending the bond insurer’s shares up 24 percent. New York Supreme Court Justice...
Best Affirms Fireman’s Fund, Subs Financial Ratings; Lowers Credit Ratings
Mar 4 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent), but has downgraded the issuer credit rating (ICR) to “a” from “a+” of California-based Fireman’s...
Judge: Second Mile Insurer Not Obligated to Cover Sandusky’s Defense Costs
Mar 2 2013 // The insurance carrier for the children’s charity founded by former Penn State assistant football coach Jerry Sandusky doesn’t have to cover his criminal or civil legal costs related to acts of child sexual...
No Yahoo, Insurer Likes Work-at-Home Employees
Mar 1 2013 // For more than six years, Tammy Saunders has woken at 5:30 a.m., showered, dressed and walked upstairs – to her office. A nurse practitioner, Saunders works as a case manager for Hartford, Connecticut-based health...
International Insurers, Reinsurers to Shoulder Half of Sandy Losses: ABIR
Feb 28 2013 // International insurance and reinsurance companies are expected to cover half of total insured losses from Superstorm Sandy, an industry association said Thursday. Estimated losses from Superstorm Sandy currently stand at...
N.Y. Seeks to Finalize Still-Unresolved Sandy Claims; Insurers to File Weekly Reports
Feb 28 2013 // New York regulators said this week insurers would be required to follow additional rules to expedite the resolution of remaining Sandy-related claims in New York. These new regulations will now cut the amount of time an...
