Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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...
UK Insurance Association: Solvency II May Help or Hinder EU Growth
Dec 9 2011 // Amidst all the turmoil in the euro zone, the implementation of the Solvency II regulations, governing the 27 members of the European Union, including the UK, grinds inexorably forward. It is a fact of life for British...
3 Small Insurers Placed into Receivership in Missouri
Dec 8 2011 // A Barton County, Mo., judge has placed a group of three small insurance companies into receivership, after claims from the Joplin tornado left the group insolvent, the Missouri Department of Insurance reported. Missouri...
70 Million Drivers Missing Out on Car Insurance Savings: Insurer
Dec 8 2011 // More than 70 million drivers in the U.S. potentially are leaving car insurance savings on the table by not taking advantage of usage-based insurance programs that reward drivers who drive safely and during safe times of...
Terrorism Risk Still a Concern in Insurer Ratings: S&P
Dec 7 2011 // Standard & Poor’s Ratings Services said it continues to view terrorism risk as a critical component in its assessment of an insurer’s financial strength, more than 10 years after the events of Sept. 11,...
P/C Insurers Lost 900 Jobs in October, Labor Department Data Shows
Dec 7 2011 // Property/casualty insurers lost 900 jobs overall in October, according to latest government data. But insurers in other segments did better. Life insurer employment was up by 1,400. Employment at medical expense insurers...
Florida Agents Concerned About Homeowners Choice Contract
Dec 7 2011 // Independent agents in Florida are concerned that an appointment contract offered by a Florida homeowners insurer that recently assumed thousands of policies from another company could result in a loss of those...
Latest Analysis Concludes Foreign Insurers Missing Out on China Party
Dec 7 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...
Aon Benfield Monthly Cat Report: Thai, Europe Floods Costly for Insurers
Dec 7 2011 // Aon Benfield’s Monthly Cat Recap report, which reviews the natural disaster perils that occurred worldwide during November, concludes that insured losses in Thailand could top $10 billion, while floods in Europe will...
Florida’s Citizens Insurance Says Legislation Needed for Real Change
Dec 6 2011 // Florida’s largest homeowner insurer is offering a slate of coverage changes, but concedes that without legislative changes there will be little reduction in its exposure or policyholder count. Gov. Rick Scott last...
Minnesota Workers’ Comp Insurer Joins Big ‘I’ Trusted Choice Program
Dec 6 2011 // The Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) announced that Minnesota-based workers’ compensation insurer, SFM, is the newest member of the Trusted Choice consumer...
Insurance Company Liquidation Paying $4.1 Million to Ohio Consumers
Dec 6 2011 // Ohio Lt. Governor and Department of Insurance Director Mary Taylor announced the successful completion of The Physicians’ Assurance Corp. (TPAC) liquidation proceeding. TPAC was ordered into liquidation on Aug. 18,...
Swiss Re sigma Report Highlights Progress in P/C Product Innovation
Dec 6 2011 // A new sigma report, “Product innovation in non-life insurance,” from Swiss Re underscores the conclusion that there’s “much more to innovation in non-life insurance than people think.” In...
Torus Acquires Renewals of C.V. Starr for Continental Europe; Interview with Int’l. CEO O’Donohoe
Dec 5 2011 // Torus announced that it has entered into an agreement with Starr Underwriting Agents Limited whereby Torus Syndicate 2243 acquires the renewal rights to CV Starr Syndicate 1919’s Continental European Marine,...
