Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Distracted Driving Stems From More Than Cell Phone Use, Insurers Say
Dec 16 2011 // Using a cell phone while driving is not the only distraction leading to automobile crashes today, says a group of insurance carriers. While the U.S. National Transportation Safety Board’s (NTSB) call for a national...
Most Insurers Meet Medical Ratio
Dec 16 2011 // Most U.S. health insurers last year would have satisfied the much-disputed spending rules under President Barack Obama’s healthcare reform, according to a report by a congressional watchdog agency. The rules require...
The Costs of the Financial Crisis for Policyholders
Dec 16 2011 // When examining the consequences of the financial crisis on the insurance industry it is important to differentiate between direct and indirect effects on one hand, and short- and medium-term ramifications on the...
Fact or Fiction? Insurance Tidbits of Known and Little-Known Information
Dec 16 2011 // Have you ever wondered how modern-day fire departments began? Or why agents buy E&O coverage? What about when the first business owners policy launched? These are just a few questions that Insurance Journal and Claims...
Agency Pro-tection
Dec 16 2011 // E&O and Agency Assets Agency owners have a lot to protect. Of course, first and foremost they must protect their clients. But they must also protect their book of business. They must protect their relationships. They...
P/C Insurance Isn’t Innovative? Don’t Believe It
Dec 16 2011 // There’s more innovation in property/casualty insurance than people think. A new Swiss Re report explores why the industry is not known for its innovation and concludes it’s because much of the innovation is...
Foreign Insurers Losing Out in China
Dec 16 2011 // Ten years ago, foreign insurers were lining up to celebrate China’s entry into the World Trade Organization, eager to tap what was certain to become the world’s next big insurance frontier. A decade on, it is...
Fitch Says Insurers’ Capital Position Is Strong, Issues Stable Outlook
Dec 15 2011 // Fitch Ratings said in its new 2012 outlook report that the P/C insurers’ capital position remains strong. It observed that most P/C insurers have sufficient capital to manage through significant future adversity. The...
N.Y. Consumer Report Accuses Insurers of Needlessly Raising Rates
Dec 15 2011 // A new consumer advocacy report is accusing P/C insurers of ‘colluding’ and needlessly raising commercial insurance rates at a time when U.S. businesses are still reeling from the slow economy. The report,...
Judge Tosses JPMorgan Lawsuit Against Insurers
Dec 14 2011 // A JPMorgan unit cannot force insurers to pay a $250 million settlement between failed investment bank Bear Stearns and government regulators, a state appeals court in New York ruled on Tuesday. Reversing a trial court, the...
Mutual Insurers Pleased with FDIC Rule Clarifying Dodd-Frank
Dec 13 2011 // Mutual insurers are pleased with a new proposal that makes it clear they would continue under state regulation and not be governed by the liquidation provision of the new federal Dodd-Frank Act. The proposed rule issued by...
Willis Launches Global Insurance Placement Tool
Dec 13 2011 // Willis has announced the global launch of its insurance placement system, WillPLACE. The online tool was designed to help the broker place its clients with the most appropriate insurers. WillPLACE will let Willis gather...
S&P Sees ‘Highs and Lows’ for Canadian P/C Insurers
Dec 13 2011 // As 2011 winds down, Canadian property and casualty (P&C) insurers can “list some notable lows and highs during the year, including unusually large catastrophe losses from wildfires in Slave Lake, Alta., and...
Insurer of High-Value Homes Expands to Louisiana
Dec 13 2011 // Privilege Underwriters Reciprocal Exchange (PURE), which offers customized property and casualty insurance coverage to owners of well-built, high-value homes, announced it is expanding into Louisiana. PURE serves more than...
Insurer Group PCI Names Brown Florida Regional Manager
Dec 13 2011 // The Property Casualty Insurers Association of America (PCI) has named G. Donovan Brown its new counsel and regional manager for Florida. Brown takes on the government relations role at PCI after a decade in government and...
FEMA, N.Y. Officials Settle Dispute Over Flood Insurance Regulation
Dec 12 2011 // Federal Emergency Management Agency (FEMA) issued a new bulletin telling insurers that they should cooperate with state regulators on questions regarding federal flood insurance. There has been an ongoing turf battle...
First Nonprofit Names White President, CEO; Warth to Head Mutual Insurers
Dec 12 2011 // First Nonprofit Insurance Co. (FNIC), headquartered in Chicago, announced organizational changes. Philip Warth, chief executive officer of FNIC, is now chairman and chief executive officer of Mutual Insurers Holding Co.,...
How to Attract Carrier Attention on Program Business
Dec 12 2011 // Agents who use an organized, straightforward method when submitting program business to market will benefit by gaining faster response times from carriers and the potential to create new programs. Kenneth Robinette, of...
S&P Puts Allianz, Aviva, AXA, Generali, Mapfre Units, 10 Other EU Insurers on CreditWatch/Negative
Dec 12 2011 // Standard & Poor’s Ratings announced that it has placed its ratings on the following insurers (and certain related operating subsidiaries and certain holding companies) on CreditWatch with negative...
Florida Turns to Surplus Lines to Help Depopulate Citizens
Dec 9 2011 // Florida lawmakers are considering allowing surplus lines carriers to participate in the depopulation programs of the state’s largest homeowner insurer in an effort to reduce its policyholder rolls. Citizens Property...
