Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Nebraska Medical Liability Insurer Adds Staff, Announces Promotions
Mar 9 2012 // Preferred Professional Insurance Company (PPIC), an Omaha, Neb.-based Catholic-owned medical liability insurance firm, has hired Patti Hiemer as the company’s accounting clerk and made a number of staff...
Captives Bring Premium Dollars and Jobs to Missouri
Mar 9 2012 // When it comes to the captive insurance industry, slow and steady growth is just fine with the state of Missouri. But it’s not like the state is reluctant to encourage captives to form or relocate there. Far from...
Missouri Senators Look at Changes to Workers’ Comp Insurer
Mar 8 2012 // Missouri senators are looking at changing a state-created insurance company after an audit criticized the firm’s operations and expenses. State Auditor Tom Schweich called for the legislature to investigate whether...
Portland Sues Former Insurance Company Over Claims
Mar 8 2012 // Portland is suing a former insurance carrier for $1.5 million in legal defense costs for claims involving nine employees. The city says the ICSP company refused to pay costs that exceeded the city’s $1 million limit....
Portland Sues Former Insurance Company Over Claims
Mar 7 2012 // Portland is suing a former insurance carrier for $1.5 million in legal defense costs for claims involving nine employees. The city says the ICSP company refused to pay costs that exceeded the city’s $1 million limit....
SEC Weighs Exempting Insurance Companies from Volcker Rule
Mar 7 2012 // The top U.S. securities regulator said on Tuesday her agency is exploring whether insurance companies can qualify for a coveted exemption in the proposed Volcker rule that would protect them from having to scale back their...
Tokio Marine Buyout of Insurer Delphi Allowed to Proceed
Mar 7 2012 // A Delaware court on Tuesday denied a request to block the $2.7 billion sale of insurer Delphi Financial Group to Tokio Marine Holdings Inc., brought by pension-fund investors who claim that Delphi’s CEO was unjustly...
Florida Surplus Lines Take-Out Bill Heading for Defeat
Mar 6 2012 // A bill that would allow surplus lines policies to directly assume policies from Florida’s state-run property insurer is all but dead after lawmakers tacked on an amendment that would require policyholders to sign-up...
Missouri Senator Pushes for Changes to Homeowners Insurance
Mar 5 2012 // After the powerful tornado tore through his southwest Missouri hometown in May 2011, Joplin resident Chuck Surface said he and his wife had to not only rebuild, but spent several weeks trying to figure out how much all the...
Sharing Economy Calls For Insurance Innovation
Mar 5 2012 // How Insurance Helped Getaround Get Going Can technology positively impact a billion people in just 10 years? Possibly, if insurance is available. Consider taking a low-use personal automobile — which might sit idle most...
Texas Company Develops Up-to-Date Property Data for Insurers
Mar 5 2012 // In many ways, insurance is a battle for information. From marketing to underwriting to claims, the ability to know as much as possible about a potential insured, especially for property risks, is vital. With that in mind,...
Going Global
Mar 5 2012 // According to Deloitte’s “2012 Global Insurance Outlook,” emerging property/casualty exposures are prompting coverages for cyber liability, green construction, nanotechnology, global political risk and...
Mississippi Trial to Begin in Frankel, Vatican Fraud Case
Mar 5 2012 // More than a decade after it was filed, a federal judge in Mississippi has set a tentative trial date in a lawsuit stemming from scams run by a notorious financier who looted $200 million from insurance companies and...
Captives Bring Premium Dollars and Jobs to Missouri
Mar 5 2012 // The State Is Serious About Encouraging Captive Growth When it comes to the captive insurance industry, slow and steady growth is just fine with the state of Missouri. But it’s not like the state is reluctant to...
P/C Insurers Face Obstacles on Road to Hard Market
Mar 5 2012 // With interest rates low and looking like they will stay low for some time, property/casualty insurance companies will have to focus on making their profit on underwriting rather than on investments. However, P/C insurers...
Survey: 51% of Insurers Expect to Increase Staff in 2012
Mar 5 2012 // A new study says 51 percent of the insurance carriers recently surveyed expect to increase staff in the next 12 months. However, it’s not all good news: the survey also found that 19 percent of the carriers expect to...
There’s an App for That: Mobile Phone Quoting
Mar 5 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...
Insurers Face Huge Losses from Latest Deadly Tornadoes
Mar 3 2012 // Less than a year after a series of tornadoes caused some of the worse insured losses in U.S. history, the insurance industry is likely facing substantial costs again after storms killed at least 33 people on...
Iran Ship Insurer Vows to Pay Western Claims Despite Sanctions
Mar 2 2012 // Tough new U.S. sanctions against Iran are raising concern that the OPEC member’s insurers may not be able to pay Western claims in the event of an accident, but Iran’s main ship insurer said it is confident it...
Report: Arizona P/C Insurers See Premiums Written Fall and Losses Rise
Mar 1 2012 // A report on Arizona’s property/casualty insurers issued on Thursday shows a drop in written premiums to $7.4 billion, and a large increase in losses incurred to $6.4 billion for 2010. The report, from the Arizona...
