Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
California Insurance Commissioner, Insurers Settle on Iran Investments
Jan 27 2012 // California Insurance Commissioner Dave Jones and a group of insurers have settled litigation over insurer investments in companies doing business in Iran, it was announced on Friday. The terms of the settlement permit the...
Best Revises Chartis, Lexington & Members Outlooks to Stable; Affirms Ratings
Jan 27 2012 // In connection with its revision of its outlook on AIG, A.M. Best Co. has affirmed the financial strength ratings of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Chartis US Insurance...
Florida Lawmakers Reject Bad-Faith Reform Bill
Jan 27 2012 // Business groups in Florida saw their efforts to reform the state’s bad-faith law end suddenly for the year after a legislative committee voted by a one vote margin to kill a bill that would have placed additional...
How Insurance Distribution Is Changing
Jan 26 2012 // Insurance distribution is changing and agents and brokers—retailers and wholesalers—have to define the value they offer and what type of relationships they will have with carriers and customers in the years ahead,...
Missouri Regulators Recover a Record $21M from Insurers in 2011
Jan 26 2012 // Missouri insurance regulators say they returned a record amount in claims recoveries to consumers in 2011. An additional $21 million was recovered from insurance companies by the Missouri Department of Insurance on behalf...
Cruise Liners Need Tighter Safety Rules Say Marine Insurers
Jan 24 2012 // Passenger ship operators should tighten up safety procedures and crew training standards to prevent a repeat of the Costa Concordia shipwreck, potentially the costliest marine insurance loss on record, shipping insurers...
Should Insurers Cover Experimental Treatments?
Jan 24 2012 // When your health insurance provider denies an experimental treatment or a high-cost drug, how much are you willing to pay for the care you believe you need? Barby Ingle, a former cheerleading and dance coach at Washington...
Networked in California Joins LexisNexis Exchange
Jan 24 2012 // Grass Valley, Calif.-based Networked Insurance Agents has signed on with LexisNexis Risk Solutions Insurance Exchange, a significant step for LexisNexis into the West, the collaborative insurance placement platform...
Best Affirms American Modern Home Insurance and Subs Ratings
Jan 23 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Ohio-based American Modern Home Insurance Company (AMHIC) and its...
People
Jan 23 2012 // Woodbury, N.Y.-based Sterling & Sterling appointed Leslie Nylund as president of the insurance brokerage. Nylund will be responsible for the firm’s operations, including sales, employee benefits, client services...
E&O Insights: Why Your Agency Should Recommend Employment Practices Liability Coverage
Jan 23 2012 // Employment practices liability insurance (EPLI) has been around since the early 1990s, mostly due to the passage of the 1991 amendments to the Civil Rights Act. Some of the latest information noted on various websites puts...
P/C Insurers Added No Jobs, Agencies Added 1500, Latest Data Show
Jan 23 2012 // Earlier this month, the U.S. Labor Department published its November 2011 data on detailed insurance industry employment figures. These latest figures show that in November, employment at insurance carriers rose overall,...
Private Insurers Can Complement National Flood Insurance
Jan 23 2012 // A new study says that there are some regions in the country where National Flood Insurance Program (NFIP) premiums are too high. The report, from the Wharton Risk Management and Decision Processes Center at the Wharton...
Oklahoma Commissioner Disappointed in MLR Waiver Denial
Jan 23 2012 // But State Lawmaker Thinks It’s a Good Thing for Consumers Oklahoma’s top insurance regulator believes the medical insurance market is headed for “disruption” as a result of the medical loss ratio...
5 Strategies for P/C Insurers for 2012
Jan 23 2012 // The economic uncertainty that plagues buyers of insurance does not bode well for the property/casualty insurance industry, experts are warning. Ernst & Young, the global tax and business advisory firm, said it expects...
Despite Heavy Catastrophe Losses, Top 25 P/C Insurers Report Premium Growth, Net Income Through Third-Quarter 2011
Jan 23 2012 // Amid the continued difficult economic conditions, a heightened frequency of catastrophic events in 2011 has resulted in nearly $40 billion of losses to insurers. The losses associated with these catastrophes have been...
Ground Shifting for Medical Liability Insurers: Moody’s
Jan 23 2012 // Although it comprises just over 2 percent of annual direct premiums for the U.S. property and casualty insurance industry, the medical professional liability (MPL) insurance business is integral to the U.S. healthcare...
Agents Outline Real-Time Tech Priorities for Insurance Carriers
Jan 23 2012 // Insurance carriers’ use of real-time tools is becoming a differentiator when independent agents choose where to place business, according to a new survey. Independent agents and brokers place the highest priority on...
Insurer Sues Google in Alabama
Jan 23 2012 // An insurer is hoping to use an Alabama state law governing deceptive trade practices to stop Google from prominently displaying negative websites about the company. American Income Life Insurance Co. has filed suit in the...
As User-Based Insurance Takes Off, Towers Watson Steers It Globally
Jan 21 2012 // When Towers Watson expanded its user-based insurance (UBI) DriveAbility program beyond the United States in late fall, it wasn’t just based on a whim. Simply put, UBI is taking off. For now, the interest is primarily...
