Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Community Associations Grow by Number and Exposure
Aug 6 2012 // In 2011, more than 62 million people lived in residential homes governed by a community association, including homeowners associations, condominiums, cooperatives and other planned communities. According to the Community...
From Concept to Practice: Insurance Trust Account Management
Aug 6 2012 // The concept of trust account (TA) management has no meaning to many professionals, or they have no uniform understanding of it. There are no text books or college classes on insurance TA management, and insurance-based...
North Carolina Insurance Reforms Fall Short
Aug 6 2012 // North Carolina lawmakers approved a bill with some changes to the property insurance system but, as one industry expert said, in so doing lawmakers “just stuck more fingers in the dike.” Despite what critics...
Insurers Win Mich. Supreme Court Case Over Rogue Drivers
Aug 3 2012 // The Michigan Supreme Court has ruled in favor of insurance companies in two cases that involve drivers who crashed cars when they didn’t have the owners’ permission to get behind the wheel. The court’s...
16,000 W.Va. Customers Set to Receive Rebates From Health Insurers
Aug 3 2012 // Health insurance companies will give rebates totaling $2.7 million to more than 16,000 customers in West Virginia this year. The U.S. Department of Health and Human Services says most of the rebates will go people who buy...
Thomson Reuters Establishes Connecticut’s First Captive Insurance Co.
Aug 2 2012 // Connecticut Gov. Dannel Malloy announced today that international media and information company Thomson Reuters has relocated its U.S. insurance subsidiary from Delaware to Connecticut. The subsidiary, Thomson Reuters Risk...
New, Tougher Insurance Fraud Law Now in Effect in Alabama
Aug 2 2012 // A number of recently enacted laws in Alabama concerning property-casualty insurance became effective on August 1. • One newly enacted law, Act 12-429 (Insurance Fraud), makes insurance fraud a felony crime. It will be...
Farmers Raises Rates in Alabama; Pulls Wind Coverage on Coastal Rental Policies
Aug 2 2012 // One of Alabama’s largest homeowners’ insurers is raising rates on property insurance by as much as 35 percent per policy while dropping some 2,900 rental properties along the state coastline as part of plan to...
Prop. 33 Proponents: Ballot Writers Don’t Understand Insurance Industry
Aug 1 2012 // As proponents of California Proposition 33 await a hearing on a lawsuit they filed to change some wording in voter guide statements for the upcoming November election, they’re hoping to avoid the damage that could be...
N.J. Chiropractor Charged With Stealing $89K Through False Claims
Aug 1 2012 // New Jersey officials announced that a local chiropractor was charged with stealing more than $89,000 from insurance companies by submitting false claims for alleged treatments on more than 30 patients who were involved in...
Va. Motorist Settling Lawsuits in W.Va. Festival Death; Insurer Will Pay $500K
Aug 1 2012 // A Virginia driver who crashed into a tent filled with sleeping women at a West Virginia music festival last summer wants to settle three wrongful death and personal injury lawsuits. Documents filed in U.S. District Court...
What to Know About the New Flood Insurance Program
Jul 31 2012 // If it were a dam or a levee, it would have been replaced ages ago. Yet the National Flood Insurance Program (NFIP) has stayed afloat despite a regular leaking of funds since its inception in 1968. The much-needed,...
Insurance Company Sues Helena Diocese
Jul 31 2012 // An insurance company says it didn’t sell policies to the Helena-based Catholic Diocese of Montana and is not responsible for covering costs involved in defending former nuns and priests accused of child abuse ranging...
Citizens Says No to Higher Rates on New Business; Approves 8.9 Percent Rate Hike
Jul 31 2012 // Officials of Florida’s state policyholders-backed insurer turned away from several controversial plans that would have raised rates on new policies above current policyholder rates and implemented a cap on water...
Missouri Helps Collect $5M for Consumers in First Half 2012
Jul 27 2012 // Missouri insurance regulators report their efforts are helping consumers to receive more than $5 million in additional insurance claims payments in first half of 2012. Consumers will receive an additional $5.1 million in...
Rejected Emails Cause Headaches for Texas Insurance Regulators
Jul 26 2012 // The Texas Department of Insurance recently was inundated by hundreds of emails regarding homeowner insurance rates, and the department now has the task of finding out why the majority of them were rejected by...
Florida Regulators Question State Farm’s 57% Rate Hike for Landlords
Jul 26 2012 // Florida regulators are expressing concern over a State Farm Florida proposed statewide average 57.3 percent rate hike in insurance rates for landlords that will result in higher premiums while the insurer continues not to...
Insurance Associates Launches F&W Insurance Company
Jul 24 2012 // Boulder, Colo.-based Insurance Associates Inc. announced it opened a newly formed company, F&W Insurance. F&W Insurance was established to meet the insurance and risk management needs of Colorado’s emergency...
New York Licenses First Mutual Bond Insurer for U.S. Municipal Market
Jul 24 2012 // New York State’s Department of Financial Services announced this week that it has licensed Build America Mutual Assurance Company (BAM) to operate as the first mutual bond insurer serving the U.S. municipal market...
Costs Driving Changes, Opportunities in New World of Benefits Brokerage
Jul 24 2012 // Group health insurance brokerage is changing but the changes are not primarily due to Congress or the courts. Rather the changes are being driven by costs — the cost of healthcare coverage and the cost of serving...
