Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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...
Regulators Publish Surplus Lines ‘Alien’ Insurer Eligibility List
Nov 7 2011 // The National Association of Insurance Commissioners (NAIC) posted its Quarterly Listing of Alien Insurers, available for reference and download. The listing, also mentioned in the Nonadmitted Insurance title of the...
Insurers, Policyholders Clash Over Business Interruption Claims
Nov 7 2011 // Over the years, insurance companies and policyholders have been arguing in courts over how to calculate business interruption losses during catastrophes. This is the type of coverage that is often ignored until there is a...
The Demotech Company Classification System Reveals State Specialist Property/Casualty Insurers
Nov 7 2011 // Company Name State of Speciality 2010 TOTAL DPW Texas Mutual Insurance Co. TX 596,191 Old American County Mutual Fire Insurance Co. TX 575,100 SAIF Corporation OR 327,373 St. Johns Insurance Co. Inc. FL 257,106 Brickstreet...
Home Insurance Rates Do Not Reflect Cost of Risk: Aon Benfield
Nov 7 2011 // U.S. insurers’ prospective after-tax return on equity for homeowners’ insurance is 4.8 percent on average, a decrease from the 6.9 percent of 2010, mainly due to subdued investment returns and higher estimates...
Insurers, Policyholders Clash Over Business Interruption Claims
Nov 7 2011 // Over the years, insurers and policyholders have been arguing in courts over how to calculate business interruption losses during catastrophes. This is the type of coverage that is often ignored until there is a loss. But...
2011 Agency E&O Survey
Nov 7 2011 // 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 must protect their...
Auto Insurers Keep Eye on Cross-Border Claims with Canada
Nov 7 2011 // Staged automobile accidents in Canada’s most populated province of Ontario pose a unique problem for American auto insurers that must deal with Ontario’s stringent no-fault benefits. Some U.S.-based adjusters...
Insurer Sues Manufacturer Over Collapsed Pool at South Dakota Aquatic Center
Nov 7 2011 // An insurance company is suing the maker of a portable pool to try to recoup money paid out as a result of a collapsed pool at the Mitchell Aquatic Center in Mitchell, S.D. Nautilus Insurance Co. filed an amended lawsuit...
