Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Keystone Insurers Group Continues Expansion in Georgia
Dec 6 2012 // Keystone Insurers Group has added two new franchise partners in Georgia: Boswell Insurance Group of Athens and Ash/Welborn Insurance of Cornelia. About the new Keystone partners: Boswell Insurance Group – Formerly...
Mediation In Montana Church Abuse Lawsuits Set For April
Dec 6 2012 // Attorneys for the Roman Catholic Diocese of Helena, a Montana order of nuns and hundreds of alleged sex-abuse victims said this week they will try to hammer out a settlement during a mediation conference in April,...
Florida Lawmakers Ponder More Pricing Freedom for Property Insurer Citizens
Dec 6 2012 // Some Florida legislators said this week they would consider giving the state’s largest property insurer more control over its rates, including allowing the company to raise rates to bolster its ability to pay...
North Carolina Reaches $1.6 Million Rebate Settlement with Insurers
Dec 6 2012 // North Carolina Insurance Commissioner Wayne Goodwin announced an agreement with two insurers that will result in consumers receiving $1.6 million in refunds. American Modern Home Insurance Co. and its affiliate American...
Obamacare Medical Loss Ratio Saved $1.5 Billion in 2011: Report
Dec 5 2012 // Consumers saw nearly $1.5 billion in insurer rebates and overhead cost savings in 2011, due to the Affordable Care Act’s medical loss ratio provision requiring health insurers to spend at least 80 percent of premium...
NYC Marathon Organizers Likely to Get Millions From Event Insurance
Dec 5 2012 // The New York Road Runners — a non-profit community running group and the organizer of the annual New York City Marathon — could get millions of dollars in insurance proceeds thanks to its event cancellation...
Mass. Motorcyclists to Get $2.8M Refunds From Encompass, Amica Mutual
Dec 4 2012 // Massachusetts motorcycle owners will receive more than $2.8 million in insurance refunds as a result of settlements with two insurance companies that allegedly overcharged thousands of policyholders, according to...
Best’s Report on Bermuda Re/Insurers Sees over 10% ROE for 2012
Dec 4 2012 // There are still several weeks until the end of the year, but forecasts are unlikely to change very much as far as Bermuda’s re/insurers are concerned. A new special report from A.M. Best indicates that “2012 is...
Best Affirms Munich Re and Subs ‘A+’ Ratings; Outlook Stable
Dec 3 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Munich Reinsurance Company and its subsidiaries. Best also affirmed all...
Fitch Downgrades Argentine Insurers Ratings after Sovereign Downgrade
Dec 3 2012 // Fitch Ratings has downgraded the long-term National Scale ratings of 12 insurance companies in Argentina, and has also revised the companies’ rating outlooks to negative from stable. Fitch said it took the rating...
Texas Mutual Looks to Sever Last Ties to State Oversight
Dec 3 2012 // The insurer of last resort for workers’ compensation coverage in Texas is seeking to cut its last ties to the state government that created it. Texas Mutual Insurance Co. was established by the Texas Legislature in...
Theft and Vandalism Claims Have Carriers on Edge in Vacant Property Segment
Dec 3 2012 // Insurers are restricting the availability of theft and vandalism coverage in the vacant property insurance market, where there is still plenty of available business. Vacant property provided a boost for some insurers...
Oregon Insurers Sue Landowners in Ashland Fire
Dec 3 2012 // Insurance companies that paid $1.7 million to six homeowners in a fire blamed on a homeless Ashland, Ore. man have sued the owners of a vacant lot where the fire started. The suit alleges the owners had been told vagrants...
New York Gov. Cuomo Orders Insurers to Speed Up Sandy Claims
Nov 30 2012 // New York Governor Andrew Cuomo on Thursday imposed emergency regulations on insurers to speed the processing of claims from hundreds of thousands of state residents whose properties were damaged or destroyed when...
U.S. Regulators Urge Flexibility in Basel III Rules for Banks, Insurers
Nov 30 2012 // U.S. lawmakers and state financial regulators on Thursday called on federal officials to revamp proposed rules that would force financial firms to hold much more capital, asking them to consider the impact on small banks...
Wind Deductibles and Sandy: What It Means for Total Insured Losses
Nov 28 2012 // On October 29, 2012, when Hurricane Sandy made landfall along the northeast coast—a year to the day since the last northeastern superstorm and fourteen months since Hurricane Irene — the wind speeds recorded by the...
Connecticut Archdiocese Sues Insurer Over Misconduct Payments
Nov 28 2012 // The Roman Catholic Archdiocese of Hartford, Connecticut, says its insurer has failed to cover more than $1 million the archdiocese paid out in recent years to settle four sexual misconduct cases involving priests. The...
Taiwan to Pay Life Insurer Transglobe $3 Billion in Record Bailout of Rival
Nov 28 2012 // Taiwan’s government will pay Transglobe Life Insurance T$88.4 billion ($3 billion) to take over ailing rival Kuo Hua Life after Transglobe beat out other competitors in the biggest taxpayer-funded bailout ever by the...
Agency E&O Outlook: Competition, Hard Market, Healthcare Effects and More
Nov 27 2012 // Firmer insurance prices and an upward trend in agency revenues are signs of good times for most independent agencies. These same trends, however, are reflected in today’s insurance market for agency errors and...
Attorneys Discuss Importance of Event Cancellation Insurance
Nov 26 2012 // The cancellation of the 2012 New York City Marathon was disappointing to the approximately 47,000 runners who dedicated months to training for the race, many of whom had already spent a significant amount of time and money...
