Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Texas Windstorm Insurer Board: No Receivership at This Time
Mar 26 2013 // Numerous representatives from Texas coastal counties, cities and business organizations on March 25 spoke before the board of the state’s insurer of last resort urging them to oppose the proposal by state regulators...
FIGA Reforms Should Increase Flexibility, Not Eliminate It
Mar 25 2013 // When it comes to property insurance reform in Florida, everyone is basically focused on proposals that deal with the Florida Hurricane Catastrophe Fund, Citizens Property Insurance Corp. and the (over) regulation of...
Missouri Regulators Reach $2M Settlement with Travel Insurance Company
Mar 25 2013 // The Missouri Department of Insurance announced that Missouri consumers who purchased travel insurance policies sold by a Pennsylvania-based insurer may be entitled to a refund of nearly $2 million. The policies were sold...
Washington Weighs First Abortion Insurance Mandate In US
Mar 25 2013 // In 1970, Washington became the first – and remains the only – state in the country to legalize elective abortions by a popular vote. A generation later, and 40 years removed from the landmark United States Supreme...
Receivership Proposed for Texas’ Insurer of Last Resort
Mar 25 2013 // In a meeting on March 25, the board of directors of Texas’ insurer of last resort in coastal areas is expected to discuss the organization’s dire financial condition and the possibility of placing the...
Christian Health Insurer, Pension Liability Top Kentucky Legislature’s Closing Days
Mar 25 2013 // Lawmakers return to the Capitol on Monday with two days remaining to pass legislation intended to shore up Kentucky’s pension plans for state and local government retirees. Restoring solvency to the pension system,...
Florida Lawmaker Wants to End Insurance Company Tax Credit
Mar 25 2013 // A top Senate Republican wants to roll back fees now charged to Floridians to renew their driver’s license and car tags. Sen. Joe Negron, R-Stuart and Senate budget chief, said he will unveil a bill this week that...
Florida Insurers, Employers Scrambling After Court Ruling on Workers’ Compensation Benefit
Mar 25 2013 // A Florida district court judge’s ruling that declared unconstitutional a 104-week limitation on injured workers’ temporary benefits left insurers and employers scrambling to come up with a legislative...
E&O Insights: Don’t Forget About E&O When Buying or Selling an Agency
Mar 25 2013 // While the industry seemed to see a spike in mergers and acquisitions activity in 2012 due to some tax implications, many are projecting that 2013 will see some healthy buying and selling, too. While there are many issues...
How Insurers View the Impact of Climate Change
Mar 25 2013 // Besides revealing attitudes about climate change, the Ceres report highlights how insurers view the impacts of climate change affecting the industry. Some insurers believe climate change could potentially affect the...
Insurer Readiness on Long-Term Effects of Climate Change Called Into Question: Report
Mar 25 2013 // Insurers rank well in readiness for handling the short-term challenges of extreme weather events, but fall short in preparedness for the long-term effects of climate change, a new report says. A report that surveyed...
2012 Insurance M&A Snapshot
Mar 25 2013 // Here is a snapshot of the property/casualty insurance industry merger and acquisition activity reported byInsurance Journal in 2012. Major carrier transactions included Nationwide’s acquisition of Harleysville, The...
Insurer Strategies for Managing Extreme Weather Risk
Mar 25 2013 // Common strategies for risk management include catastrophe modeling, reinsurance, higher deductibles or broader exclusions in risk-prone areas, particularly coastal zones, and a tight control of aggregate exposure,...
Top 10 Hot New Markets
Mar 25 2013 // Insurance Journal examined industries experiencing changes and expansions during the past year. Here are the top 10 market sectors that just might deliver hot opportunities for agents and brokers in the property/casualty...
PCI Slams Oregon Bad Faith Proposals
Mar 22 2013 // A handful of bills proposed in Oregon could hit consumers with nearly $200 million in cost increases and yield a rash of lawsuits, according to the Property Casualty Insurers Association of America, which is urging Oregon...
Florida Gov. Scott, Insurers Vow Fight to Save PIP Law After Injunction
Mar 22 2013 // A Florida circuit court judge has issued a temporary injunction against certain provisions of the state’s no-fault personal injury protection (PIP) law, ruling that it is no longer a “reasonable...
Agents Seek Mobile Apps for Customer Self-Service, Sales Help: Survey
Mar 21 2013 // Independent agents and brokers want their customers to be able to “self-serve” on mobile devices, and sales and quotes are key capabilities for agent-facing applications on tablets, according to preliminary...
N.Y. Reaches Settlement With Assurant, Largest ‘Force-Placed’ Insurer in U.S.
Mar 21 2013 // The New York State Department of Financial Services investigation has produced a settlement with the country’s largest “force-placed” insurer, Assurant Inc. New York Gov. Andrew Cuomo, who announced the...
Insurers Handling Claims from Southeast Hail Storms
Mar 21 2013 // Several southern states are cleaning up after powerful winds and massive hail hammered the region. Hundreds of claims are pouring in to insurance companies in Mississippi, an early indication of the widespread damage left...
Survey: Rate Increases Ahead for Architects, Engineers Despite Stable Market
Mar 19 2013 // For the second consecutive year, the insurance market for architects and engineers professional liability insurance continued its firming trend as a number of leading insurance companies providing this specialized coverage...
