Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Double-Digit Returns Absent From Year-End, 2013 Financial Forecasts
Jan 11 2013 // Although analysts following the property/casualty insurance industry expect underwriting results for 2012 to be better than 2011 when full-year numbers are tallied, double-digit overall returns-on-equity are still not...
Surplus Lines Regulatory Picture for 2013
Jan 10 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...
Tennessee’s BOA Insurance Joins Keystone Insurers Group
Jan 9 2013 // Burchfiel Overbay & Associates Insurance Agency of Sevierville, Tenn., operating as BOA Insurance Agency, is now a partner to insurance broker Keystone Insurers Group. The agency is Keystone’s 18th franchise...
U.S. Insurers Should Be Stable in 2013, Says S&P
Jan 9 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 &...
Louisiana Pie Maker Sues Fire Suppression Company, Insurers
Jan 8 2013 // New Orleans pie maker, Simon Hubig Co. Inc., whose Louisiana plant was destroyed in a blaze six months ago, has sued the Kenner company that created and maintained its fire suppression system. The Times-Picayune reported...
Skelton-Morris Joins Keystone Insurers in Georgia
Jan 8 2013 // Skelton-Morris Associates, a Hartwell, Ga.-based insurance agency, is the eleventh Keystone Insurers Group partner in Georgia. Skelton-Morris Associates has offices in Toccoa, Ga., Lavonia, Ga., and Anderson, S.C. The...
After the Storm: Insurance Agents E&O Lessons Learned
Jan 8 2013 // More often than not, a second wave of claims against insurance agents by their clients follows a natural disaster. As parties find themselves without the coverage they expected after a catastrophe, it appears to be a...
Keystone Insurers Group Appoints VP in Pennsylvania
Jan 4 2013 // Keystone Insurers Group has appointed Julie Webb as its Pennsylvania state vice president. Webb has spent the majority of her career with GEICO (Government Employees Insurance Company), where she served as underwriting...
Attorney Behind $43M Award for Ohio Agent Against Nationwide Insurance to File Class Action
Jan 3 2013 // An Ohio law firm that represented a former Nationwide Insurance agent for a $42.8 million jury verdict is getting ready to file a class action against the insurer “in the near future.” Attorney Caryn Groedel...
Evolution of Cyber Coverage: How to Sell to Today’s Businesses
Jan 2 2013 // The insurance industry has wrestled with the best way to respond to all the different privacy and security exposures businesses face in the current tech-heavy world. Since it first came out in the late ’90s, cyber...
10 Insurance Ins and Outs, Ups and Downs of Year of Dragon 2012
Jan 2 2013 // In Chinese astrology, the year 2012 was the Year of the Dragon, a symbol of unpredictability and uncertainty. The dragon represents mystery because its head and tail cannot be seen at the same time, according to Chinese...
Looking Back at Insurance News of 2012: The Year’s Biggest Stories
Dec 31 2012 // With less than a day left until the end of the year, here’s a look back at some of the biggest property/casualty insurance news stories in 2012 that impacted the Northeast region, in chronological order: Top Investor...
Worker’s Comp Reforms, Portable Persistency Top West’s 2012 Headlines
Dec 31 2012 // Dec. 21, 2012 came and went and the apocalypse was so lackluster as to be forgotten among the year’s myriad headlines. Now that we are all well and good, and past doomsday, here are Insurance Journal’s best...
Program Specialists: Thriving in All Market Conditions
Dec 31 2012 // There is a strain of thinking that says generalists can adapt and survive in most environments whereas specialists are more at the mercy of their environment. That may be the case for some species but it’s...
West Virginia Judge Stops Insurer’s Use of Old Parts on New Cars
Dec 31 2012 // A Kanawha County judge has granted Attorney General Darrell McGraw’s request for a permanent injunction against an insurance company and a St. Albans body shop owner accused of illegally installing junkyard parts on...
Georgia Health Insurers to Offer Child-Only Policies
Dec 31 2012 // Georgia Insurance Commissioner Ralph Hudgens has signed an order allowing insurance companies to begin selling individual policies for children next year. Hudgens says people who are uninsured or whose employers do not...
Most Commercial Insurance Buyers Accept Coverage Changes, Price Hikes: Survey
Dec 28 2012 // The vast majority of commercial insurance buyers renewing their policies appear willing to accept coverage adjustments, moderate price increases, or both, according to a new survey. Still, the survey of risk managers and...
Louisiana Pie Maker Sues Fire Suppression Company, Insurers
Dec 28 2012 // New Orleans pie maker Simon Hubig Company Inc., whose Louisiana plant was destroyed in a blaze six months ago, has sued the Kenner company that created and maintained its fire suppression system. The Times-Picayune...
Insurer Plans $15M Expansion in Indiana
Dec 28 2012 // An insurance company that covers churches and their activities is planning a $15 million expansion of its Fort Wayne, Ind. headquarters. Brotherhood Mutual Insurance Co. announced Thursday it would build a nearly 55,000...
P/C Industry’s 9 Month Results Show Insurers Can Handle Sandy Losses: ISO, PCI
Dec 28 2012 // Before Hurricane Sandy hit, private U.S. property/casualty insurers’ net income after taxes grew to $27 billion in nine-months 2012 from $8.4 billion in nine-months 2011. Insurers’ overall profitability as...
