Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Texas Regulators Fine Auto Insurer for Improper Ads
Jul 2 2012 // Texas regulators have fined Loya Insurance Co. $300,000 for what investigators call unfair and deceptive business practices. The Department of Insurance also says Loya failed to file accurate information on rates for its...
A Year Later: The Growth and Outlook of the LexisNexis Insurance Exchange
Jul 2 2012 // The LexisNexis Insurance Exchange — an online single-entry submission system that streamlines the flow of application data among agents, brokers and carriers — celebrated its first anniversary in June. The Exchange,...
R.I. Proposes 6.75% Assessment for WC Insurers
Jul 2 2012 // The R.I. Department of Labor and Training proposed last month an assessment rate for workers’ comp insurers of 6.75 percent for the coming year, effective July 15, 2012. This rate has remained level every year since...
Health Insurers to Pay $62M in Rebates in Illinois
Jul 2 2012 // The Obama administration announced that 300,000 Illinoisans will benefit from nearly $62 million in rebates from insurance companies because of the federal health law that critics have labeled “Obamacare.” The...
Consumer Watchdog Failure Could Help Auto Discount Initiative
Jun 29 2012 // Santa Monica, Calif.-based Consumer Watchdog’s proposed ballot measure to require health insurance companies to get approval before raising their rates narrowly missed qualifying for November’s ballot by...
Agents, Insurers Cheer Congress OK of Flood Insurance Reform Bill
Jun 29 2012 // The Independent Insurance Agents & Brokers of America today praised Congress for passing the “Biggert-Waters Flood Insurance Reform and Modernization Act of 2012.” The legislation will extend the National...
Corporate Winners, Losers Under Supreme Court Healthcare Ruling
Jun 29 2012 // Hospitals and insurers providing Medicaid plans for the poor emerged as the main corporate winners from the U.S. Supreme Court’s decision to uphold President Barack Obama’s healthcare law, while investors in...
Fitch Says Bermuda (Re)Insurers Should Weather Sovereign Downgrade
Jun 29 2012 // According to Fitch Ratings, “while insurance industry concerns factored into Tuesday’s downgrade of Bermuda,” it does not expect Bermuda (re)insurers to be affected, “as all our ratings of Bermuda...
State Farm Seeks 14.9% Jump in Florida Property Insurance Rates
Jun 28 2012 // Florida’s third largest property insurer is seeking a statewide average 14.9 percent increase in property rates as part of a plan to shore-up its fiscal condition while revamping the deductibles and discounts it...
A.M. Best on Court Ruling: No Effect on Most Health Insurers But Watching Small Insurers
Jun 28 2012 // Insurance rating organization A.M. Best Co. says the U.S. Supreme Court upholding the Patient Protection and Affordable Care Act (PPACA) will not have a ratings impact to the majority of health insurers. However, A.M. Best...
Mass. Seeks Executive Pay Data From Insurers Domiciled in State
Jun 28 2012 // The Massachusetts Division of Insurance is undertaking a detailed examination of executive compensation at insurance carriers domiciled in the state.Commissioner Murphy said his agency initiated the review to gather more...
Medical Liability Insurer ProAssurance to Acquire Medmarc in Virginia
Jun 28 2012 // ProAssurance Corporation, a Birmingham, Ala.-headquartered medical liability insurer, said it is acquiring Medmarc Insurance Group. Medmarc, based in Chantilly, Virginia, specializes in products liability insurance for...
Today’s Supreme Court Healthcare Ruling: Possible Scenarios, Effects
Jun 28 2012 // The U.S. Supreme Court’s ruling on President Barack Obama’s 2010 healthcare law, expected on Thursday, may have wide-ranging political and economic implications. Here is a look at possible scenarios for...
Citizens New President Gilway: Changes Coming, but Progress Will Be Slow
Jun 27 2012 // The new chief of Florida’s policyholder-backed property insurer Citizens Property Insurance offered no magic bullet to depopulate the insurer, but promised the insurer will charge higher rates for less coverage in...
Best Sees No Change in MAPFRE USA Group Ratings
Jun 27 2012 // A.M. Best Co. has commented that the financial strength ratings (FSR) of ‘A’ (Excellent) and issuer credit ratings of “a” of the members of MAPFRE USA Group are unchanged following the recent market...
P/C Insurers Profits Rose to $10.1B in Q1
Jun 27 2012 // Private U.S. property/casualty insurers’ net income after taxes rose to $10.1 billion in first-quarter 2012 from $7.8 billion in first-quarter 2011, with insurers’ overall profitability as measured by their...
Rep. Cummings Wants Federal Workers Comp Insurer for Overseas Contractors
Jun 26 2012 // U.S. Rep. Elijah Cummings, D-Md. – the former chairman and current ranking Democrat on the House Oversight and Government Reform Committee – has some issues with American International Group. And generally speaking, we...
Customer Satisfaction with Auto Insurers at New High: J.D. Powers
Jun 26 2012 // Overall customer satisfaction with auto insurance companies has reached an all-time high, according to the J.D. Power and Associates 2012 U.S. Auto Insurance Study. The satisfaction rate was driven primarily by increases...
Best Special Report on Russia Says ‘Insurance Revolution Begins to Gain Pace’
Jun 26 2012 // A.M. Best ahs issued a special report – “Russia’s Insurance Revolution Begins to Gain Pace,” which notes that “insurance penetration is low, even when including compulsory lines such as...
Regulators: Fewer Complaints Against Michigan Insurers in 2011
Jun 25 2012 // Consumer complaints against Michigan insurance companies are slightly down from the previous year. The Office of Financial and Insurance Regulation says in a statement that the agency received 3,441 insurance...
