Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Survey: 51% of Insurers Expect to Increase Staff in 2012
Feb 23 2012 // A new study says 51 percent of the insurance carriers recently surveyed expect to increase staff in the next 12 months. But it’s not all good news: the survey also found that 19 percent of the carriers expect to...
Trucker’s Widow Settles Mississippi Wrongful Death Claim with Insurer
Feb 22 2012 // A trucker’s widow has settled her 2011 wrongful death lawsuit with H&M International Transportation Inc.’s insurance company and a driver. Filed Feb. 8, the agreement with Rita Marie Bruce shows Brookwood...
There’s an App for That: Mobile Phone Quoting
Feb 21 2012 // Don’t be surprised if in the not-too-distant future on a television commercial you see Flo, adorned in her white apron, drop her price scanner and pick up a smartphone, on which she takes a picture of a...
Insurance Companies Dodge Billion-Dollar Bullet in California
Feb 21 2012 // Court Limits What Medical Bills Juries Can View Insurance companies, and ultimately California consumers, avoided a windfall sought by the Consumer Attorneys of California to the tune of more than $3 billion dollars per...
Report: Greek Bondholders – Banks and Insurers – Set for 74% Haircuts
Feb 21 2012 // Banks are set to lose almost three-quarters of the value of their Greek government bonds under a deal agreed early on Tuesday, slightly more than they had planned, people familiar with the matter said. Investors had...
Connecticut Seeks to Recapture Role as Insurance Capital
Feb 21 2012 // Hartford is trying to recapture its status as the nation’s insurance capital by drawing in a specialized insurance business that is finding a home elsewhere. Since the 18th century, Hartford — home to Aetna...
Colorado Defers Action on State-Chartered Workers’ Comp Fund
Feb 20 2012 // Colorado Gov. John Hickenlooper and Pinnacol Assurance, the state-chartered workers’ compensation fund, made the right decision earlier this month in deferring further consideration of plans to restructure Pinnacol....
Is Common Law Bad Faith Dying in Texas?
Feb 20 2012 // When a carrier is sued for denying a claim, it is usual for policyholders to raise claims of bad faith. For decades now, policyholders have frequently pled both common law (i.e., law created by cases) and statutory (i.e.,...
North Carolina Continues Auto Insurance Deregulation Debate; Rates Stay Same for 2012
Feb 20 2012 // Auto insurers in North Carolina are once again divided over the prospect of changing how the state sets insurance rates with some insurers advocating for rate deregulation while others are supporting the status quo. The...
Opening Note: Foreign Advice
Feb 20 2012 // Given global economic challenges, insurers might improve their chances for achieving success in 2012 by focusing on new insurance products and on emerging markets in China, India and Brazil. According to Deloitte’s...
California Lawmaker Introduces Claim Information Control Bill Over Insolvent Insurers
Feb 17 2012 // A California lawmaker on Friday introduced a bill to give greater control of claim information held by insolvent companies over to policyholders. Assemblyman Curt Hagman said he introduced Assembly Bill 1734 to provide...
Penn.-based Keystone Insurers Group Announces Promotion
Feb 17 2012 // Keystone Insurers Group, a franchisor of insurance agencies headquartered in Northumberland, Penn., promoted industry veteran Barbara Kressler to vice president of its risk solutions division. Barbara Kressler In her new...
P/C Industry Disputes Consumer Group’s Claims It’s Avoiding Risk
Feb 17 2012 // Traditionally risk-takers, property/casualty insurance companies have become more like risk-avoiders when it comes to weather-related claims, leaving consumers and taxpayers to pay much higher costs, according to a new...
Mass.-based Enservio Acquires Insurers World
Feb 17 2012 // Enservio, a Needham, Mass.-based provider of property insurance analytics, affinity marketing and claims solutions, is acquiring Insurers World, a provider of inventory transcriptions and evaluation services for claims,...
N.Y. Regulators Launch Audit of Rising Health Insurance Rates
Feb 16 2012 // The New York State Department of Financial Services has launched a wide-ranging probe of the accuracy of the data used by insurers and health maintenance organizations (HMOs) to request health insurance rate...
Moody’s Warns May Downgrade Global Banks, Cuts Ratings on Insurers
Feb 16 2012 // Moody’s warned on Thursday it may cut the credit ratings of 17 global and 114 European financial institutions in another sign the impact of the euro zone government debt crisis is spreading throughout the global...
Europe’s Big Insurers Hit by Debt Crisis, Catastrophes, Economy
Feb 16 2012 // European insurers Axa and Zurich Financial suffered on all sides last year as Europe’s debt crisis ate into their sovereign bond holdings, catastrophe claims emptied coffers and the downturn cut demand for life...
February Offers Opportunities for Boat Insurers
Feb 13 2012 // For boat owners and prospective boat owners, summer doesn’t start in June. It starts much earlier than that. In many cases, it starts in February, when a flood of boat shows are held. As a result, brokers and agents...
North Carolina Insurers Still Hoping for Medical Loss Ratio Waiver
Feb 13 2012 // The U.S. Department of Health and Human Services is going overtime as it decides whether to stick with federal standards that could mean $12 million in rebates for more than 58,000 North Carolina residents who buy their...
Regulation: Health Insurers Must Put More Premiums into Medical Care
Feb 9 2012 // The California Office of Administrative Law approved Insurance Commissioner Dave Jones’ request to make permanent an emergency regulation he issued last year that requires health insurers to put a larger share of...
