Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurers Bracing for Thai Flood Claims over $10 Billion
Nov 21 2011 // Insurers are bracing themselves for claims in excess of $10 billion after floods in Thailand disabled major foreign-owned manufacturing operations there, adding to an already record-breaking natural catastrophe bill this...
Insurers Win First Round of Climate Change Coverage Litigation
Nov 21 2011 // But How Significant Is the Victory? In light of the economic turmoil currently engulfing the United States and Europe, the Republican sweep in the 2010 midterm congressional elections, the various protests going on around...
E&O Insights: Can the Manner in Which an Agent Handles a Claim Cause an Errors & Omissions Claim?
Nov 21 2011 // The answer to the question posed in the headline is a definite “yes.” This has actually developed into a significant issue for agents and is one of the current errors and omissions (E&O) hotspots agents...
Colorado Wants Insurance Company to Cut Severance
Nov 21 2011 // Colorado wants top executives at the state-chartered workers’ compensation insurance fund to waive big severance payments if the quasi-state agency is privatized. Gov. John Hickenlooper and Pinnacol Assurance are...
How to Produce and Keep Happy Claimants
Nov 21 2011 // The best way to keep agency customers happy is to avoid claims in the first place but, of course, that’s easier said than done. When claims do happen, independent agents can play a valuable role in determining...
Mass. AG Wants to Put Brakes on ‘Excessive’ Homeowners Insurance Rate
Nov 18 2011 // Massachusetts Attorney General Martha Coakley is urging the State Rating Board to hold a hearing to scrutinize the data insurers use to set homeowners insurance rates in her state. The Attorney General’s office says...
Insurance Company Poll: Oregon Drivers Want Harsher Penalties for Cell Phone Violators
Nov 16 2011 // According to a poll from PEMCO Insurance, nearly half of Portland-area drivers are upset enough at the prospect of sharing the road with distracted drivers that they believe lawmakers should treat those caught talking,...
Minnesota-based Medical Liability Insurer OK’d to Become a Mutual Company
Nov 16 2011 // Medical liability insurer MMIC Group Inc. (MMIC), headquartered in Minneapolis, Minn., has received final regulatory approval to change from a stock holding company to a mutual insurance holding company. The move...
HK Shares Close Down 2%; Chinese Insurers Slump
Nov 16 2011 // Hong Kong shares slumped on Wednesday, dragged down by weakness in Chinese insurers and property developers, with turnover low as investors became more averse to riskier assets on fears of contagion from Europe’s...
Not Enough Drivers Realize Dangers of Drowsy Driving, Insurer Says
Nov 15 2011 // Drunk driving, impaired driving and distracted driving stories frequently make news headlines, but what about drowsy driving? According to the National Sleep Foundation, the AAA Foundation for Traffic Safety estimates that...
Connecticut Hearing to Look at Insurers’ Storm Response
Nov 14 2011 // State lawmakers want to learn more about how the insurance industry responded to the two recent storms to hit Connecticut — the remnants of Hurricane Irene and the October nor’easter. The legislature’s...
What Options Do HomeWise Customers Have in Homeowners Choice Deal?
Nov 14 2011 // Florida policyholders of HomeWise Insurance should not see dramatic changes in their renewal premium if their policies are taken over by Homeowners Choice, according to the company official. The policyholders have the...
Initiative to Expand California Prop 103 Ignites Insurance Battle
Nov 10 2011 // A ballot initiative to expand the scope of California’s Proposition 103 to include health insurance could also impact the auto insurance industry by challenging a long-sought-after initiative on auto insurance...
Colorado Wants Insurance Company to Cut Severance
Nov 10 2011 // Colorado wants top executives at the state-chartered workers’ compensation insurance fund to waive big severance payments if the quasi-state agency is privatized. Gov. John Hickenlooper and Pinnacol Assurance are...
Life Insurer Sues Bank of America Over Mortgages
Nov 10 2011 // Bank of America Corp. and its Countrywide Financial unit were on Wednesday hit with a new lawsuit alleging fraud in the sale of residential mortgage debt to a New York mutual life insurance company. National Integrity Life...
AIR Updates Analysis of Thai ‘Historic’ Flooding; BI Will Impact Insurers
Nov 10 2011 // According to catastrophe modeling firm AIR Worldwide, “historic flooding in Thailand continues to damage residential properties and has interrupted operations for numerous businesses. At the start of this...
Beazley Selected by CalSurance as Information and Privacy Liability Insurer
Nov 9 2011 // Orange, Calif.-based CalSurance Associates, a division of Brown & Brown of California Inc. has named Beazley, an insurer of data privacy and network security risks, as a preferred information privacy and security...
Ohio’s Dumbaugh Insurance Agency Joins Keystone Insurers Group
Nov 8 2011 // Mount Vernon, Ohio-based Dumbaugh Insurance Agency is now a partner in Keystone Insurers Group (KIG). Dumbaugh Insurance is Keystone’s 28th franchise partner in Ohio, bringing the property and casualty insurance...
Penn.-based Keystone Insurers Group Adds New Partner in Ohio
Nov 8 2011 // Keystone Insurers Group, a franchisor of insurance agencies headquartered in Northumberland, Penn., has added a new franchise partner in Ohio. Keystone said it has established a partnership with Mount Vernon, Ohio-based...
Moody’s Reports on Proposed Systemic Risk Rules for Insurers
Nov 8 2011 // A key ratings agency says that recently proposed guidelines for identifying which insurers would qualify as systemic risks represent an important first step in improved federal regulation of financial institutions. The...
