Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Appraisals, Breach of Contract and Bad Faith: Is There a Connection?
Feb 1 2013 // One of the axioms of Texas bad faith law has always been that there is no bad faith where a carrier has not breached its duties to the insured. If you act reasonably and make a mistake, it is not bad faith. In almost all...
Lloyd’s Insurer Jubilee Welcomes Rules on PPI to Rebuild Confidence
Feb 1 2013 // Jubilee, the specialist Lloyd’s insurer, has broadly welcomed the joint Financial Services Authority (FSA) and Office of Fair Trading (OFT) final guidance on Payment Protection products as an important move forward...
California Department of Insurance: $20M Rate Reduction for Homeowners
Jan 31 2013 // Insurance Commissioner Dave Jones on Thursday announced today a 35 percent rate reduction for lender-placed homeowner’s insurance coverage offered by QBE Insurance Corp. The rate reduction will result in an estimated...
Too Early to Know Cost of 787 Dreamliner Claims, Says Boeing’s Insurer
Jan 30 2013 // Boeing Co. has some insurance in case its aircraft are grounded, but it is far too soon to say whether the problems with the 787 Dreamliner will lead to significant claims, the head of the planemaker’s lead insurer...
Sandy Hit N.J.’s Maritime Industry Hard; Insurer Says 25,000 Boats Damaged
Jan 29 2013 // Capt. Harold “Smitty” Smith couldn’t believe it — they were everywhere, hundreds of them.Boats cluster together at a marina in Brant Beach, on Long Beach Island on the N.J. shore, on Oct. 30, 2012,...
Insurers Say Latest CFA Study Is Flawed; Marketplace Is Highly Competitive
Jan 29 2013 // The new auto insurance pricing study from the Consumer Federation of America (CFA) is getting roundly criticized by insurance industry representatives. The representatives say that states’ auto insurance marketplaces...
P/C Insurers Better Positioned Than Life Firms for 2013: Moody’s
Jan 29 2013 // Both the life and property/casualty (P/C) insurance industries will be challenged in 2013 by slow economic growth that dampens sales and by evolving regulatory frameworks, according to Moody’s Investors Service in...
CFA Report: Largest Auto Insurers Often Charge Higher Premiums to Safe Drivers
Jan 28 2013 // In its latest report on auto insurance premiums charged by the largest auto insurers, the Consumer Federation of America said these insurers frequently charge higher premiums to safe drivers than to those who recently...
Best Affirms AIG, U.S. Property/Casualty Subs Ratings; Outlook Stable
Jan 28 2013 // A.M. Best Co. has affirmed the issuer credit rating (ICR) of “bbb” of New York-based American International Group, Inc. (AIG), as well as the financial strength rating (FSR) of ‘A’ (Excellent) and...
U.S. Insurers Should Be Stable in 2013, Says S&P
Jan 28 2013 // U.S. insurance sectors are generally poised for stable credit trends in 2013, resulting from strong balance sheets, a stable business climate, and improved enterprise risk management, according to Standard &...
Citizens’ Travel Expenses Excessive, Audit Finds
Jan 28 2013 // A review by Florida’s chief inspector general contends that employees at the state-created Citizens Property Insurance racked up excessive travel expenses over an eight-month period. Florida Gov. Rick Scott ordered a...
After the Storm: Agents’ E&O Lessons Learned
Jan 28 2013 // More often than not, a second wave of claims against insurance agents by their clients follows a natural disaster. For the most part, the types of allegations and claims that surface after a catastrophe are the same as...
Surplus Lines Regulatory Picture for 2013
Jan 28 2013 // State implementation of the Nonadmitted and Reinsurance Reform Act (NRRA), effective July 21, 2011, proceeded relatively smoothly during 2012, albeit with a few hiccups as industry and regulators navigated the transition...
Lucky or Smart? Experts Weigh-In On P/C Industry’s Sandy Impact
Jan 28 2013 // Did the property/casualty insurance industry dodge a bullet or does good risk management explain its ability to withstand $25 billion in losses from Superstorm Sandy? Experts debated the question at a recent industry...
Hospice Insurance
Jan 28 2013 // Bringing Market Seekers and Market Providers Together Find markets in our database Promote your markets on our site Join our community forums Membership is free! www.MyNewMarkets.com Hospice Insurance Market Detail:...
E&O Insights: Differences Between Standard, Excess & Surplus Markets
Jan 28 2013 // For as long as the insurance industry has been around, the excess and surplus (E&S) lines marketplace has served a vital role in writing difficult-to-place, specialty business for which admitted markets don’t...
Cyber Liability: Where to Find Cyber Coverage
Jan 28 2013 // The Buyer’s Guide to the Best Possible Cyber Insurance There are many cyber insurance products available for purchase, and each is somewhat unique. Some products are more comprehensive than others. Some cyber...
Appraisals, Breach of Contract and Bad Faith: Is There a Connection?
Jan 28 2013 // One of the axioms of Texas bad faith law has always been that there is no bad faith where a carrier has not breached its duties to the insured. If you act reasonably and make a mistake, it is not bad faith. In almost all...
Number of Insurers Based in Texas ‘Average’ Compared to Size of Market
Jan 28 2013 // The Texas insurance market is ranked the 12th largest in the world in terms of premium volume, but only an “average” number of insurance carriers call the state home, and many of the 400 insurance companies...
West Virginia Municipal Insurer Balks at Defending Sheriff
Jan 25 2013 // The insurance pool for West Virginia county governments asked a judge Thursday to declare that it has no obligation to defend a Jefferson County sheriff who resigned in disgrace and pleaded guilty in the beating of a bank...
