Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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...
Report: Liberty Mutual Failed in Bid to Buy Harleysville
Jan 6 2012 // It turns out there was another player in last year’s merger deal between Nationwide Mutual Insurance Co. and Harleysville Mutual Insurance Co. According to a news report, Liberty Mutual also made an offer last...
XL Gets Brazil Go-Ahead for New Insurer
Jan 6 2012 // The XL Group plc and its subsidiaries announced that the Group has received final approval from the Brazilian insurance and reinsurance regulator, Superintendencia de Seguros Privados (SUSEP), to establish an insurance...
Insurer Sues Google in Alabama Over Unflattering Search Results
Jan 5 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...
Oklahoma Commissioner Disappointed in Denial of MLR Waiver Request
Jan 5 2012 // Oklahoma’s top insurance regulator believes the medical insurance market is headed for “disruption” as a result of the medical loss ratio component of federal health insurance reform After...
Insurance Veterans’ Forecasts for 2012
Jan 5 2012 // Now that the year 2011 is behind us, let’s take a look at what might be ahead. Insurance Journal spoke with leading industry professionals and asked them what they are expecting this year. If their forecasts are any...
Western Insurance Agents Roundtable Discussion Highlights
Jan 5 2012 // Rancho Cordova, Calif.-based WIAA Education & Research Foundation, a nonprofit corporation focused on advancing knowledge of insurance industry professionals, hosted a recent roundtable discussion on the industry and...
Maine-based Workers’ Comp Insurer MEMIC Group Announces Promotion
Jan 4 2012 // The MEMIC Group, a workers’ compensation insurer headquartered in Portland, Maine, promoted Jeff Funk to the position of assistant vice president. MEMIC said Funk played an integral role in MEMIC’s expansion in...
Ruling Boosts Bond Insurer MBIA’s Fraud Suit Against BofA’s Countrywide
Jan 4 2012 // A New York state judge made it easier for the bond insurer MBIA Inc. to pursue its $1.4 billion lawsuit accusing Bank of America Corp.’s Countrywide Financial unit of fraudulently inducing it to insure risky...
AXA, Japan Post Top Best’s List of World’s Largest Insurers
Jan 4 2012 // France’s AXA S.A. has again topped the list of the world’s 25 largest insurance companies, based on premiums written, compiled by A.M. Best. The lists, which were compiled both on asset value and on net...
