Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
California Supreme Court Tells Insurers To Pay
Aug 13 2012 // Insurance companies must pay up to the policy limits for cleanup of the Stringfellow Acid Pits in Riverside County, the California Supreme Court ruled. The 17-acre industrial waste dump 50 miles east of Los Angeles near...
Africa’s Pirates Have Demands for Insurers – and a Letterhead, Too
Aug 13 2012 // Welcome to the Pirate Action Group. Pirate commander Jamal wishes to congratulate you on being hijacked. Kindly speak to his negotiator about your ransom, bearing in mind that his demands are similar for every vessel he...
Crop Insurers’ Payouts Already Top $800 Million This Season
Aug 10 2012 // U.S. crop insurers have already paid out $822 million in indemnities this season, but it is still far too early to tell how large the industry’s losses will ultimately be, National Crop Insurance Services said on...
Bond Insurers Challenge Stockton’s Bankruptcy Over Pensions
Aug 10 2012 // Two bond insurers challenged the eligibility of Stockton, California, for bankruptcy, arguing that the city can cut pension benefits, a move that could have profound implications for the state. The court filings set a...
Workers’ Comp Deal in the Works for California
Aug 9 2012 // In a hush-hush environment over the last several months it appears that those who seek workers’ compensation reform have been given hope, despite the looming close to California’s legislative session. And that...
Texas Insurance Commissioner Responds to Consumer Email Campaign
Aug 9 2012 // Texas top regulator has posted a response to an email campaign addressing homeowners insurance rates and issues initiated by a consumer advocacy group. Hundreds of emails sent to Texas Insurance Commissioner Eleanor...
Florida Officials, Insurers Urge Caution Over PIP Savings Report
Aug 7 2012 // A preliminary report on the impact of Florida’s no-fault auto insurance law suggesting it could result in savings between 12 percent and 20 percent on a portion of drivers’ premiums is presenting as many...
Conn.-Based Medical Liability Insurer CMIC Names Underwriting Director
Aug 6 2012 // CMIC, a Glastonbury, Conn.-based carrier offering medical professional liability insurance in New England, has appointed Edward Carroll as director of underwriting. Carroll brings 18 years of experience to his role, most...
N.Y. Approves Mutual Bond Insurer for Muni Market
Aug 6 2012 // New York State’s Department of Financial Services announced on July 23 that it has licensed Build America Mutual Assurance Company (BAM) to operate as the first mutual bond insurer serving the U.S. municipal market...
Insurers Cite Florida, Urge Stronger Building Codes
Aug 6 2012 // Property/casualty insurers are backing a measure in Congress to incentivize states to adopt stronger building codes. The National Association of Mutual Insurance Companies (NAMIC) told members of a House panel that a...
J.D. Power: Auto Insurance Satisfaction Reaches All-Time High
Aug 6 2012 // Overall customer satisfaction with auto insurance companies has reached an all-time high, according to the Westlake Village, Calif.-based J.D. Power and Associates’ 2012 U.S. Auto Insurance Study. The satisfaction...
Auto Insurers’ Use of Credit Data
Aug 6 2012 // There is an effort now underway in Washington, D.C., to eliminate the use of consumer credit information by auto insurance companies. Three lawmakers are leading that effort in Congress. On July 13, Reps. Hansen Clarke...
Rejected Emails Cause Headaches for Texas Insurance Regulators
Aug 6 2012 // The Texas Department of Insurance recently was inundated by hundreds of emails regarding homeowner insurance rates, and the department was tasked with finding out why the majority of them were rejected by agency’s...
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...
