Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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...
Predictive Analytics Being Used to Manage Agencies, Curb Fraud
Nov 7 2011 // Earlier this year, experts at WallStreet & Technology (wallstreetandtech.com) identified predictive analytics and cloud computing as two of six hot technologies that will transform the insurance industry in 2011 and...
How to Optimize the Value of Inspections
Nov 7 2011 // Insurance carriers spend approximately $190 million a year on inspection programs, yet 75 percent of inspections done today offer no immediate value to loss experience or a carrier’s bottom line, according to a...
Pennsylvania Agency Owners Indicted for Fraud
Nov 4 2011 // Penn. Agency Owners Indicted Insurance agency owners from Pennsylvania were indicted this week with 13 counts of wire fraud, mail fraud and conspiracy to commit wire and mail fraud. Bruce and Irene Gardner, of Richboro,...
Insurers Eye Increased Risk of Public Entities in Era of Cutbacks
Nov 4 2011 // The climate of government cutbacks is forcing public entities to reduce expenditures while trying not to greatly increase their risk or jeopardize their immunity from lawsuits. Prison overcrowding is one particularly...
Florida’s Scott Wants Recommendations from Citizens by Dec. 6
Nov 3 2011 // Gov. Rick Scott wants the state-backed Citizens Property Insurance Corp. to recommend ways to shore up the troubled insurer. Scott, who would prefer the insurer be sold to a private company, wants answers from the...
