Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurer Says It’s Not Liable for Drug-Related Fire in Michigan
Apr 30 2012 // An insurance company claims it should be reimbursed after a fire linked to drugs badly damaged a house in Bay City, Mich. Nationwide Mutual Fire Insurance of Columbus, Ohio, has filed a federal lawsuit seeking to recover...
Insurance Company Balks at Claims in Fatal Conn. Fire
Apr 30 2012 // An insurance company said it should not have to pay claims or lawsuits stemming from a Christmas morning fire that killed five people because a contractor renovating the house misrepresented the type and scope of work his...
Consumer Rebates Under Medical Loss Ratio Estimated to Be $1.3 Billion
Apr 30 2012 // More than 3 million health insurance policyholders and thousands of employers will share $1.3 billion in rebates this year, thanks to President Barack Obama’s health care law, according to a nonpartisan research...
North Dakota Fines 2 Insurance Companies
Apr 27 2012 // North Dakota insurance regulators have fined two mutual insurance companies $10,000 each for operating outside their authorized territories. State Insurance Commissioner Adam Hamm says his office fined West McLean Farmers...
Rate Hike Proposal Sent to Board of Texas Windstorm Insurer
Apr 27 2012 // In advance of the start of hurricane season, the actuarial underwriting committee of Texas’ property insurer of last resort for coastal counties is recommending a rate increase. The committee on April 20 voted for a...
Best Affirms Horace Mann Educators and Subs ‘A-‘ Ratings
Apr 27 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of the property/casualty group, Horace Mann Insurance Group and its...
Bill To Align California With Dodd-Frank Passes Committee
Apr 26 2012 // The California Senate Insurance Committee passed a law regarding reinsurers that would put the state in alignment with the Dodd–Frank Wall Street Reform and Consumer Protection Act and a model law from the National...
Goldman Must Defend Bond Insurer’s Fraud Claims
Apr 25 2012 // Goldman Sachs Group Inc. must defend fraud claims brought by a bond insurance company over its notorious Abacus mortgage product deal, a New York state judge ruled, but she decided that the investment bank did not unjustly...
N.Y. Gov. Cuomo Says Life Insurers Paid Over $262M After Probe
Apr 24 2012 // New York Gov. Andrew Cuomo said this week that a regulatory investigation into how insurers tracked life insurance policyholders resulted in 32,715 payments to consumers nationwide. The overall amount paid by insurers is...
Best Affirms Chubb Corp. and Subs ‘A++’ Ratings
Apr 23 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+” of the Chubb Group of Insurance Companies and its property/casualty...
Hartford to Give $24M in Premium Credits to N.Y. AD&D Policyholders
Apr 19 2012 // Hartford Life Insurance Company, a subsidiary of The Hartford Financial Services Group, agreed to give $24 million in premium credits to some 300,000 New York residents who bought the company’s accidental death and...
N.Y.-Based Specialty Insurer Assurant Turns 120 Years Old
Apr 19 2012 // Assurant, a New York-based provider of specialty insurance and insurance-related products and services, celebrated its 120th anniversary Wednesday by ringing the ceremonial closing bell at the New York Stock Exchange,...
Best’s Special Vietnam Report Sees Continued Strong Growth
Apr 19 2012 // Vietnam’s insurance market has experienced strong double-digit premium growth in recent years and demand for insurance product is forecasted to continue, according to a recently released special report from A.M. Best...
Travelers Cos. to Kick Off P/C Insurers’ Q1 Earnings Season This Week
Apr 18 2012 // The Travelers Companies Inc. will kick off property/casualty insurers’ 2012 first-quarter earnings season Thursday, April 19, when the company reports its 2012 first three month results. Travelers is the first major...
Ex-W.Va. Nonprofit Director Wins Federal Appeal Against Insurer
Apr 18 2012 // A federal appeals court says an insurance company should have represented a former director of a West Virginia nonprofit organization in a civil lawsuit. The 4th U.S. Circuit Court of Appeals in Richmond, Va., sided with...
Is Marine Insurance the Stranglehold on Iran?
Apr 18 2012 // Marine insurance, or lack of it, may yet turn out to be the most effective sanction used by Western nations in 17 years of tightening the screws on Iran’s nuclear program. A European Union oil embargo on Iran, set to...
Southeast Insurance Employment: Agency, Carrier Plans Brighten Picture
Apr 18 2012 // Those interested in new or better positions in insurance might want to grab their suntan lotion and head to the Southeast. They might also want to brush up on their Spanish. The unemployment rate remains higher in key...
U.S. Re Analytics Launches Cost-Saving Tool for Cat-Exposed Insurers
Apr 17 2012 // U.S. RE Analytics, LLC has developed a new tool to help catastrophe-exposed insurance companies reduce reinsurance costs and improve return on risk-adjusted capital, according to Anya Kutsina, managing director. U.S. RE...
Private U.S. P/C Insurers’ Income Fell to $19.1B in 2011: ISO, PCI
Apr 17 2012 // A new analysis shows that while the private U.S. property/casualty insurers suffered deteriorating results in 2011, they still ended the year with a strong and improved fourth-quarter. Private U.S. P/C insurers’ net...
West Insurance Employment: California Job Market to Stay Soft
Apr 17 2012 // The phrase “Go west young man,” may not apply so well to the insurance industry in the nation’s most populous state. An examination of Bureau of Labor Statistics and Economic Development Department data...
