Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Nationwide, Harleysville CEOs Say Merger All About Growth
Oct 17 2011 // The merger of insurer Nationwide Mutual with regional carrier Harleysville Mutual is all about growth, not only for the companies but also for their independent agents, according to the CEOs of the two...
E&O Spotlight: Insuring Commercial Properties? Important Issues to Watch For
Oct 17 2011 // Most agencies write some degree of commercial insurance. There is a good chance that insuring the building is part of the overall program for these commercial exposures. Unfortunately, as demonstrated by the following...
Top 25 P/C Insurers’ Direct Premium Growth Increases 11%, June 30, 2011 Versus June 30, 2010
Oct 17 2011 // Property/casualty insurance companies continued to serve their clients despite the tough economic conditions that have defined the better part of the past decade as well as an increased number of catastrophic events in the...
Florida Lawmakers Contemplate the Future of Citizens
Oct 17 2011 // With four months to go before Florida’s legislative session, lawmakers are already considering the future of the state’s largest homeowners’ insurer. However, there are few easy answers in sight. Citizens...
How Hospitals Benefit from Data-Rich Malpractice Insurers
Oct 14 2011 // Hospitals and hospital groups should seek clarity from their malpractice insurers on the loading applied to premiums to account for claims inflation, according to Lloyd’s insurer Beazley. Specialist insurer Beazley...
Florida’s Citizens Approves Rate Hikes Including for Sinkhole Coverage
Oct 14 2011 // Florida residents covered through the state’s largest homeowner insurer will soon pay more for coverage after the insurer ratified a number of rate hikes recently approved by regulators. The Citizens Property...
Best Affirms QBE’s US Subsidiaries Ratings; Upgrades North Pointe
Oct 13 2011 // A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A’ (Excellent) from ‘A-‘ (Excellent) and issuer credit rating (ICR) to “a+” from “a-” of Harrisburg,...
New Jersey Looks to Put a Lid On Its Auto Insurance ‘Pot of Gold’
Oct 13 2011 // New Jersey’s auto insurance personal injury protection (PIP) regulations are due for an update. The state’s law requires that the Department of Banking and Insurance (DOBI) revisit the rules every two...
In Few Years, Social Network Data May Be Used in Underwriting
Oct 13 2011 // The insurance industry is paying increasing attention to what people and businesses post on social networking sites like Facebook, Twitter and LinkedIn. Already, scouring Facebook and other social network pages of the...
2,100 Jobs Lost in Insurance Industry in August
Oct 13 2011 // The latest U.S. jobs data show the insurance industry lost 2,100 jobs overall in August. The industry employs some 2,211,000 workers according to the latest numbers. The Insurance Information Institute reported that most...
2 Life Insurers Meet Systemic Risk Criteria
Oct 13 2011 // Only two life insurers — MetLife Inc.. and Prudential Financial Inc. — meet the newly developed requirements to be considered “systemic” and regulated as such, KBW analysts said Wednesday. The...
Fairfax Financial’s Hedges Shelter Insurer from Financial Crisis
Oct 13 2011 // Toronto-based Fairfax Financial, which raked in billions during the 2008 financial crisis by using market hedges, is once again a go-to stock for shaken investors. Although the company has been criticized by some for its...
New Jersey Workers’ Comp Insurers Seek 6.9% Rate Hike
Oct 12 2011 // The New Jersey Compensation Rating & Inspection Bureau has filed a request with regulators to increase workers’ compensation rates by 6.9 percent effective 2012. “It will be reviewed by the Department of...
FBI Gets Immunity for Wreck of Ferrari in Michigan Insurer Case
Oct 12 2011 // A judge has dismissed a lawsuit against the U.S. government over the wreck of a $750,000 Ferrari driven by an FBI agent, saying federal law grants immunity if property is being held by law enforcement. The wreck of the...
Montana Municipal Insurer Pays $500K to Settle Free Speech Claim
Oct 11 2011 // The city of Great Falls, Montana, has reached a $500,000 settlement with a Vaughn woman who filed a lawsuit after being escorted out of a 2007 City Commission meeting for exceeding a three-minute comment limit. District...
Insurer PURE Adds Midwest States and Wyoming
Oct 11 2011 // Privilege Underwriters Reciprocal Exchange (PURE), a member of the PURE Group of Insurance Companies, announced it is expanding into several new states, including Missouri, Indiana and Wyoming. PURE and the PURE Group of...
Best Affirms OneBeacon Group’s Ratings; Outlook Stable
Oct 11 2011 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of the operating companies comprising Minnesota-based OneBeacon Insurance...
Moody’s: P/C Insurers More Mindful of Inflation Risks
Oct 11 2011 // Until recently, the risk of inflation shocks has not ranked high on the agenda for U.S. property/casualty insurers, Moody’s Investors Service says in a new report, but aggressive monetary policy over the past few...
Best Upgrades Ratings of Sirius America Insurance Company
Oct 11 2011 // A.M. Best Co. has upgraded the financial strength rating to ‘A’ (Excellent) from ‘A-‘ (Excellent) and the issuer credit rating to “a” from “a-” of New York-based Sirius...
U.S. to Reveal Criteria for Systemic Risk Insurers Today
Oct 11 2011 // U.S. regulators Tuesday are set to give nervous insurance companies, mutual funds and other big players in financial markets a better idea of whether they will be tapped for the same type of additional government scrutiny...
