Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
What’s Ahead in Agency E&O
Nov 5 2012 // Competition, Hard Market, Healthcare Effects and More E&O Suits by Carriers Firmer insurance prices and an upward trend in agency revenues are signs of good times for most independent agencies. These same trends,...
Hurricane Deductibles Won’t Apply for Sandy in Del. Penn., R.I., D.C.
Nov 4 2012 // [Update: Maine also announced this week that hurricane deductibles would not apply for Sandy-related claims in the state. The Maine Bureau of Insurance told Insurance Journal Monday, Nov. 5, that hurricane deductibles will...
Florida Consumer Advocate Hits Use of Past Credit History to Deny Claims
Nov 2 2012 // Florida’s consumer advocate is calling for an investigation into insurers using homeowners’ past credit history to deny claims and cancel policies even though the homeowners have paid premiums for...
Insurers, Brokers Say Some Northeast Offices Still Closed Due to Sandy
Nov 2 2012 // Superstorm Sandy — and the widespread power outages and transport problems that followed — affected business operations of numerous companies in the Northeast, including those of insurers and brokers. Companies...
Insurer Says It Won’t Cover Armed Arizona Posse
Nov 2 2012 // An insurance pool that covers sheriff’s volunteers in 11 of Arizona’s 15 counties is changing its policies to exclude an armed volunteer posse that the state’s second most famous sheriff plans to deploy...
Controversy Over Hurricane Deductibles May Just Be Beginning
Nov 2 2012 // When the National Hurricane Center declared Sandy a “post-tropical storm” just before it made landfall, a lot of homeowners across New Jersey, New York, Connecticut and Maryland may have saved a lot of money....
Florida Court Weighs When Not Meeting Policy Terms Means Coverage Forfeiture
Nov 1 2012 // Florida’s high court is debating whether a driver forfeited her uninsured motorist coverage by refusing to meet the insurer’s specific requirement to undergo a scheduled medical exam. The state Supreme Court...
Hurricane Sandy Losses Should Not Affect Most Insurer Ratings or Premiums: S&P
Oct 31 2012 // Standard & Poor’s Ratings Services said it expects Hurricane Sandy to have only limited impact on the ratings on U.S. property/casualty insurers, global reinsurers, and certain catastrophe bonds. Although it...
Insurers Say Losses from Sandy Won’t Hit Florida
Oct 31 2012 // Insurance experts say the costs associated with losses from superstorm Sandy in the northeast should not affect Florida homeowners. Sam Miller of the Florida Insurance Council said Tuesday that the Florida market is...
Burand’s Agency E&O Blog: Tip #15
Oct 31 2012 // Review Your E&O Carrier’s Requirements for Carrier Writing Standards. There’s a myth going around that if an agency writes with a carrier rated B+ or better by A.M. Best, their E&O policy will cover...
P/C Insurers Can Handle Sandy Losses; Flood Program to Bear Brunt
Oct 30 2012 // Ratings analysts at A.M. Best Co. said that it is likely that the brunt of Hurricane Sandy’s financial impact will fall on the National Flood Insurance Program (NFIP), which is responsible for almost all flood...
Health Insurers Nervous Over Prospect of Romney Victory
Oct 30 2012 // You’d think health insurance CEOs would be chilling the bubbly with Republican Mitt Romney’s improved election prospects, but instead they’re in a quandary. Although the industry hates parts of President...
Insurers See Risk in Overuse of Swiss Military Bunkers for Art Storage
Oct 29 2012 // A metal door set into a mountain in Switzerland offers a way out for fine art investors forced to pay over the odds to insure their collections. The doorway leads into a disused military bunker, one of several being sold...
Insurer Drops Nebraska Man’s Policy Due to Police Dog, Then Apologizes
Oct 29 2012 // An insurance company that canceled the homeowner’s policy of a Nebraska sheriff’s deputy because of his K-9 unit dog said it’s looking to change its practices regarding police dogs. American Family...
Insurers Prepare for Hurricane Sandy
Oct 28 2012 // Insurers say they are making the usual preparations for a hurricane – activating claims teams, staging adjusters near the locations most likely to be affected and generally getting ready to pay for a potentially huge...
Former Southern California Auto Club Agent Sues Insurer for ‘Illegal Practice’
Oct 25 2012 // A former insurance agent has filed a class action lawsuit in Southern California against Auto Club over what she alleges is an “illegal commission scheme” that penalizes agents who sell policies to people who...
Will Regulatory Reform Trigger Doomsday for Captives?
Oct 25 2012 // If you’re startled by this headline, you’re not alone. Until recently, the words “reform” and “captive” were rarely used in the same sentence. That’s because captive insurance...
California Commissioner Considering ‘Force-placed’ Regulations
Oct 24 2012 // A meeting slated for Thursday called for by California Insurance Commissioner Dave Jones to deal with “force-placed” insurance has cast the dye for debate on whether such insurance should be filed in the...
Florida’s Citizens President Gilway: Staff Firings Premature
Oct 24 2012 // In the face of criticism, the top executive of Florida’s state-backed property insurer acknowledge his decision to close the insurer’s office in charge of corporate oversight before having its replacement in...
Washington Commissioner Fines Insurer $500,000
Oct 23 2012 // Washington Insurance Commissioner Mike Kreidler is fining Ohio-based BCS Insurance Co. $500,000 for issuing hundreds of thousands of policies using unapproved rates and policy language. BCS Insurance has agreed to pay the...
