Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Carnival, Tourism Industry, Insurers Tally Cost of Cruise Ship Accident
Jan 17 2012 // The cruise ship industry faces an uphill task to restore confidence among customers spooked by images of the stricken Costa Concordia flipped on its side in Italian waters on Monday and could suffer a hit to sales in a key...
Accused Indiana Nose Doctor Sues Alabama Insurance Company
Jan 13 2012 // A former nose surgeon from northwestern Indiana accused of billing insurers and patients for procedures he didn’t perform is suing his malpractice insurance company, claiming it failed to properly defend him in...
2012 Off to Bad Weather Start for P/C Insurers
Jan 13 2012 // A tree lays in a yard after a possible tornado roared through Icard, N.C,. on Wednesday, Jan. 11, 2012.Damaging hailstorms in Australia. Unprecedented tornadoes in the southeastern United States. Constant windstorms in...
Jones Announces Insurance Diversity Task Force for California
Jan 12 2012 // Insurance Commissioner Dave Jones on Thursday announced the formation of an Insurance Diversity Task Force to make recommendations about diversity in the insurance industry, including the diversity of corporate governing...
Agents Outline Real-Time Technology Priorities for Carriers
Jan 12 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...
Vermont Added 41 New Captive Insurance Companies in 2011
Jan 11 2012 // Vermont added 41 new captive insurance companies last year, bringing the total number of licenses to 952, with 590 active captive insurance companies, according to data released by the Vermont Banking, Insurance,...
Medical Liability Insurer MMIC Forms Risk Retention Group
Jan 10 2012 // Minneapolis, Minn.-based medical liability insurer MMIC Group Inc. (MMIC) has formed a risk retention group — MMIC RRG Inc. — to meet the evolving medical liability needs of physician groups, clinics or hospitals based...
5 Strategies for P/C Insurers for 2012
Jan 10 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...
2012 Brings Operational Changes for Texas Windstorm Insurer
Jan 10 2012 // The New Year ushered in changes to the operation of Texas’s insurance company of last resort for wind and hail along the Texas coast. Many of the operational changes will affect insurance agents who handle Texas...
More Louisiana Property Owners Move to Private Insurers
Jan 9 2012 // Fresh data shows Louisiana’s insurer of last resort keeps churning away on getting private insurers to pick up policyholders, a problem largely stemming from the 2005 hurricanes. For policyholders of Louisiana...
Texas Insurer Acquires Florida’s Physicians Insurance
Jan 9 2012 // The Texas Medical Liability Trust has acquired the Florida-based Physicians Insurance Co. The Deerfield Beach, Florida-based Physicians Insurance has been operating in the state since 2003. According to a 2011 Office of...
Flood Insurers Asked to Quickly Process Remaining Claims
Jan 9 2012 // U.S. Senator Bob Casey (D-Penn.) asked flood insurance companies to quickly process remaining claims from Irene and Lee. He says some 20 percent of the claims in Pennsylvania are still not processed. Federal flood...
Insurer for Sandusky Charity Argues
Jan 9 2012 // An insurance company for a charity founded by Jerry Sandusky argued in a federal complaint last month that it should not have to pay legal expenses or claims for the former Penn State assistant football coach now accused...
Florida May Tap Surplus Lines to Depopulate Citizens
Jan 9 2012 // Florida lawmakers are considering allowing surplus lines carriers to help Citizens Property Insurance Corp. lose some of its 1.5 million policyholders. State Sen. Garrett Richter (R-Naples) and Rep. Jim Boyd (R-Bradenton)...
A Disciplined Approach to Underwriting
Jan 9 2012 // Now that 2011 is in the record books, various insurance company presidents soon will be disclosing and discussing their company’s year-end results. While the exact words may be different, don’t be surprised if...
Consumer Group Hammers Mercury Rate Increase Filing in California
Jan 9 2012 // A California consumer group is challenging a rate hike bid by Mercury Insurance because the group claims the company is trying to pass along the costs of its political campaigning. But the insurer says those costs are not...
Despite Losses, Insurers Not Hiking Prices Broadly
Jan 9 2012 // Despite more than $100 billion in disaster losses around the world this year, insurers are not yet experiencing a broad and sustained increase in pricing power, defying predictions from a year ago that even half those...
The Construction Market Evolution
Jan 9 2012 // Henry Ford once said that his customers could order his Model T cars in whatever color the customer wanted, as long as it was black! For many years, the relationship between contractors and their insurance company seemed...
Insurers Divided Over North Carolina Auto System
Jan 9 2012 // North Carolina legislators are once again examining the state’s car insurance rate-setting system as insurers themselves remain divided over whether changes are a good idea. Legislative proposals floated in 2011...
Insolvent Missouri Insurers to Be Managed by Farm Bureau
Jan 9 2012 // A Barton County, Mo., judge in December 2011 approved a proposal to allow Missouri Farm Bureau to assume operations of three small insurance companies that became insolvent after paying claims from the May 22 Joplin...
