Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Colorado Defers Action on State-Chartered Workers’ Comp Fund
Feb 20 2012 // Colorado Gov. John Hickenlooper and Pinnacol Assurance, the state-chartered workers’ compensation fund, made the right decision earlier this month in deferring further consideration of plans to restructure Pinnacol....
Is Common Law Bad Faith Dying in Texas?
Feb 20 2012 // When a carrier is sued for denying a claim, it is usual for policyholders to raise claims of bad faith. For decades now, policyholders have frequently pled both common law (i.e., law created by cases) and statutory (i.e.,...
North Carolina Continues Auto Insurance Deregulation Debate; Rates Stay Same for 2012
Feb 20 2012 // Auto insurers in North Carolina are once again divided over the prospect of changing how the state sets insurance rates with some insurers advocating for rate deregulation while others are supporting the status quo. The...
Opening Note: Foreign Advice
Feb 20 2012 // Given global economic challenges, insurers might improve their chances for achieving success in 2012 by focusing on new insurance products and on emerging markets in China, India and Brazil. According to Deloitte’s...
California Lawmaker Introduces Claim Information Control Bill Over Insolvent Insurers
Feb 17 2012 // A California lawmaker on Friday introduced a bill to give greater control of claim information held by insolvent companies over to policyholders. Assemblyman Curt Hagman said he introduced Assembly Bill 1734 to provide...
Penn.-based Keystone Insurers Group Announces Promotion
Feb 17 2012 // Keystone Insurers Group, a franchisor of insurance agencies headquartered in Northumberland, Penn., promoted industry veteran Barbara Kressler to vice president of its risk solutions division. Barbara Kressler In her new...
P/C Industry Disputes Consumer Group’s Claims It’s Avoiding Risk
Feb 17 2012 // Traditionally risk-takers, property/casualty insurance companies have become more like risk-avoiders when it comes to weather-related claims, leaving consumers and taxpayers to pay much higher costs, according to a new...
Mass.-based Enservio Acquires Insurers World
Feb 17 2012 // Enservio, a Needham, Mass.-based provider of property insurance analytics, affinity marketing and claims solutions, is acquiring Insurers World, a provider of inventory transcriptions and evaluation services for claims,...
N.Y. Regulators Launch Audit of Rising Health Insurance Rates
Feb 16 2012 // The New York State Department of Financial Services has launched a wide-ranging probe of the accuracy of the data used by insurers and health maintenance organizations (HMOs) to request health insurance rate...
Moody’s Warns May Downgrade Global Banks, Cuts Ratings on Insurers
Feb 16 2012 // Moody’s warned on Thursday it may cut the credit ratings of 17 global and 114 European financial institutions in another sign the impact of the euro zone government debt crisis is spreading throughout the global...
Europe’s Big Insurers Hit by Debt Crisis, Catastrophes, Economy
Feb 16 2012 // European insurers Axa and Zurich Financial suffered on all sides last year as Europe’s debt crisis ate into their sovereign bond holdings, catastrophe claims emptied coffers and the downturn cut demand for life...
February Offers Opportunities for Boat Insurers
Feb 13 2012 // For boat owners and prospective boat owners, summer doesn’t start in June. It starts much earlier than that. In many cases, it starts in February, when a flood of boat shows are held. As a result, brokers and agents...
North Carolina Insurers Still Hoping for Medical Loss Ratio Waiver
Feb 13 2012 // The U.S. Department of Health and Human Services is going overtime as it decides whether to stick with federal standards that could mean $12 million in rebates for more than 58,000 North Carolina residents who buy their...
Regulation: Health Insurers Must Put More Premiums into Medical Care
Feb 9 2012 // The California Office of Administrative Law approved Insurance Commissioner Dave Jones’ request to make permanent an emergency regulation he issued last year that requires health insurers to put a larger share of...
Lawyer Says Cruise Lawsuits Will Force Insurers to Demand Higher Standards
Feb 9 2012 // Insurers stung by multi-million dollar claims over the Concordia shipwreck will demand higher safety standards from the cruise industry, a lawyer who will file suits this month against Carnival Corp for more than 70...
Have Insurers Lost the Capacity to Run an Underwriting Profit?
Feb 9 2012 // We frequently hear people ask, “When is the next hard market going to come?” And by that they typically mean double-digit increases in premium growth for a sustained period of time. Of course, no one knows. But...
North Carolina Continues Auto Regulation Debate As Rates Stay Same for 2012
Feb 7 2012 // Auto insurers in North Carolina are once again divided over the prospect of changing how the state sets insurance rates with some insurers advocating for rate deregulation while others are supporting the status quo. The...
Geneva Association Report Analyzes Re/Insurers’ Insolvency Resolution
Feb 7 2012 // International insurance think tank, The Geneva Association, has published its latest report for the ongoing financial stability discussions at the G-20, Financial Stability Board and International Association of Insurance...
Chubb Sues Actress Marisa Tomei Over $129K Damage in NYC Apartment
Feb 6 2012 // Three insurance companies have sued Academy Award-winning actress Marisa Tomei in a New York court last week, seeking $128,755 in damages. Pacific Indemnity Company, Federal Insurance Company and Vigilant Insurance Company...
P/C Insurers’ Combined Ratio for 2011 Estimated at 107.5%
Feb 6 2012 // The U.S. property/casualty (P/C) industry reported its largest underwriting loss since 2006 and saw its operating performance deteriorate sharply in 2011, as catastrophe-related losses throughout the year wreaked...
