Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Med Liability Insurers in Strong Financial Shape, Report Says
Oct 5 2011 // Medical professional liability insurance (MPLI) carriers are in a strong financial position overall and the insurers are exhibiting rate discipline in soft market conditions, according to a new report this week by New...
Insurers to Send Refunds to 14,149 Massachusetts Motorcycle Owners
Oct 5 2011 // Travelers, Fireman’s Fund and Electric Insurance are the latest insurers to reach a settlement with Massachusetts attorney general’s office over motorcycle insurance premiums. The three companies are accused of...
Former Maryland Insurance Commissioner Orr Joins Workers’ Comp Insurer
Oct 3 2011 // Former Maryland Insurance Commissioner R. Steven Orr has joined Towson, Md.-based IWIF Workers’ Compensation Insurance as senior vice president of information systems. In his new role, he will be responsible for...
Chartis CEO Says Europe Still Safe; Insurer Seeks ‘Value Over Volume’
Oct 3 2011 // AIG’s global property and casualty insurer Chartis continues to see opportunities in Europe despite the sovereign debt crisis, the chief executive of the unit said in an interview last Friday. Peter Hancock also said...
Insurer Says Exclusion Bars Payment in Nebraska Pastor’s Death
Oct 3 2011 // An insurance company specializing in policies for churches is asking a federal court to absolve it from paying a claim by the widow of a central Nebraska pastor who died of carbon monoxide poisoning in a house owned by the...
Cross Border Claims Frustrate Auto Carriers
Oct 3 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...
Brokers See Changing Relationships, Expanding Technology
Oct 3 2011 // At the same time they are trying to figure out what their customers, markets and the economy are going to do, today’s intermediaries are also having to navigate changing relationships among carriers, wholesalers and...
Insurers Draw Distinctions Between Air Races and Airshows
Oct 3 2011 // With an 11th fatality declared as a result of the crash at the National Championship Air Races in Reno, Nev. on Sept. 16, one of the world’s airshow insurance experts is anxious to draw a distinction between airshows...
Virginia Court: Insurer Not Liable For Global Warming Claims
Oct 3 2011 // The Virginia Supreme Court has ruled in favor of an insurance company in a closely watched legal case involving global warming. The high court ruled that Steadfast Insurance Co., which provided commercial general liability...
Sportscover: Providing Coverage for Sports and Leisure around the World
Oct 3 2011 // Sports and leisure activities are one of the most ubiquitous pass times the world over. Whether you participate, or just watch, virtually no one is far away from some form of sporting activity. It’s why sports, as a...
New Insurance Laws Go Into Effect in Missouri
Oct 3 2011 // Missouri homeowners hit by damaging storms now have stronger protections in place under two new state laws, insurance regulators announced. The laws allow insurance companies to better serve hard-hit areas and protect...
Mass. Agents Prepare for Battle Over Credit Ban on Ballot
Oct 3 2011 // A Massachusetts independent agents group said it is confident that a ban on auto insurers’ use of credit scores and other socioeconomic factors will become a state law in coming months. The Massachusetts Association...
Wanted: Industry Seeks Out Specialty Marine Brokers
Oct 3 2011 // Two developments in the marine market have combined to create a tantalizing opportunity for wholesale brokers and managing general agents (MGAs) to serve the marine marketplace. While marine revenues remain fairly flat,...
Florida in Danger, Warns Hurricane Fund Chief
Oct 3 2011 // Florida’s hurricane fund chief is warning that the state-created fund used to help insurers pay off claims after a big storm is in danger. The state has relied on a hurricane fund ever since Hurricane Andrew...
D.C. Metro Sues Insurer Lexington for $13M Over Lost Revenue
Sep 30 2011 // Washington Metropolitan Area Transit Authority has recently filed a lawsuit against its insurer Lexington Insurance Co. of Boston charging that that the insurer failed to indemnify for the revenue losses in the train...
Nationwide, Harleysville CEOs Reassure Agents: Merger All About Growth
Sep 30 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...
After Embezzlement Claim, Insurer Drops Tennessee County’s Policy
Sep 30 2011 // Officials in Shelby County in Tennessee said their insurance company is not renewing the county’s policy protecting against financial crimes, a move that stems from an alleged embezzlement scheme at Chancery Court...
IAIS Study Indicates Big Insurers May Not Face Same Capital Rules as Banks
Sep 30 2011 // Insurance companies judged too big to fail are likely to face different rules than their banking counterparts, who were told this week that they will be subject capital surcharges, insurance industry standard setters said...
Insurer Retools Home Value Insurance Coverage
Sep 30 2011 // Home Value Insurance Co. has re-entered the insurance market with a product that promises to protect homeowners from falling home values. Home Value Insurance initially launched the product in 2009. The company has...
Aon Benfield: Reinsurers Expected to Pay 2/3 of Australia, NZ Cat Losses
Sep 29 2011 // Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp, has issued a bulletin indicating that Australian and New Zealand insurers, who were hit with “catastrophic events” in 2010 and...
