Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Essentials: Be Careful What You Say When Issuing a Binder
Sep 5 2011 // Insurance binders are contracts of temporary insurance pending the issuance of a formal policy or proper rejection of the application by the insurer. The binder serves only as a temporary or interim policy until a formal...
Top 25 Workers’ Compensation Insurers
Sep 5 2011 // Based on Premium Growth From June 30, 2011 vs. June 30, 2010 On Aug. 16, 2011, The National Academy of Social Insurance reported that “the number of workers covered by workers’ compensation dropped by 4.4...
Ark. Court: Policy Does Not Limit Insurer’s Liability in Underinsured Driver Case
Sep 5 2011 // The Arkansas Supreme Court has denied an insurer’s appeal of a lower court finding that the language of its insurance policy in a case involving an underinsured driver is ambiguous. Philadelphia Indemnity Insurance...
Florida Workers’ Comp Insurers Seek Hike
Sep 5 2011 // Florida business owners could see their workers’ compensation premiums go up if regulators agree to raise rates by a recommended statewide average 8.9 percent. The National Council of Compensation Insurance (NCCI)...
3 Insurers Bid for West Virginia Account
Sep 5 2011 // Three companies are vying to provide workers’ compensation coverage for state agencies. Acting Insurance Commissioner Michael Riley said that BrickStreet Mutual Insurance Co., Chartis, and Zurich Insurance Co....
Conn. Guaranty Fund Must Share Workers’ Comp Claims
Sep 5 2011 // The state insurance guaranty fund can be considered the last insurer on a workers’ compensation risk that has multiple insurers and be initially liable for paying benefits to the injured employee, with the right to...
Best Affirms Catlin Insurance Companies Ratings; Outlooks Stable
Sep 2 2011 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of ‘a’ of Bermuda-based Catlin Insurance Company...
Big Iowa Health Insurer Unsure About Exchange
Sep 1 2011 // A leading Iowa health insurer isn’t sure yet whether it will participate in the state’s planned insurance exchange. The exchanges are expected to be a key part of the national health care overhaul. Some people...
Customer Satisfaction with Home Insurers Improves, Says J.D. Powers
Sep 1 2011 // Customer satisfaction with homeowners insurance companies this year is up from 2010, but still remains below levels achieved in 2009. Overall satisfaction with homeowners insurance companies averages 769 in...
Insurer Ratings Unaffected, Stocks Rally As Losses from Irene Look Manageable
Aug 31 2011 // Loss estimates from Hurricane Irene continued to fall and ratings agencies said insurers would have no problem with claims, helping boost insurance industry shares Wednesday. The relatively limited losses that Irene...
Home Insurers in Georgia Seek Rate Hikes
Aug 31 2011 // A year after most Georgia insurers increased homeowners premiums by 9 to 23 percent, a new wave of increase requests is pending. State Farm, Georgia’s largest writer of homeowners policies, is seeking a 7 percent...
Irene’s Impact on Private Insurance Markets
Aug 31 2011 // The $7 billion in estimated losses from Hurricane Irene compound the vast damage caused by weather in the United States this year. Yet despite billions they’ve paid out for floods, tornadoes and earthquakes, big...
Can Federal Flood Insurance Handle Irene Losses?
Aug 31 2011 // The only thing worse than getting flooded out of your home once is getting flooded out of it twice. Or, for that matter, over and over again. Margaret Wert bought her Wayne, New Jersey house in 1999, relying on assurances...
Swiss Re Sigma Study Examines Government/Private Sector Coverage
Aug 31 2011 // Swiss Re’s latest sigma study – “State involvement in private insurance” – examines the increasing symbiosis between governments and the private insurance sector. The report notes that...
Moody’s Sees Stable Outlook for Personal Lines Insurers
Aug 30 2011 // The personal lines insurance sector maintains a stable outlook in the face of a highly competitive environment, 2011 catastrophe losses and sluggish economic conditions, according to a report from Moody’s Investors...
S&P Sees Limited Impact on Insurers from Irene
Aug 30 2011 // Standard & Poor’s Ratings Services said it expects a somewhat limited impact from Hurricane Irene on U.S. property/casualty insurers and global reinsurers, based on preliminary insured loss estimates. “We...
Oklahoma Workers’ Comp Overhaul Now in Effect
Aug 26 2011 // Legislation overhauling the Oklahoma workers’ compensation laws becomes effective today, Aug. 26, 2011. The Oklahoma Workers’ Compensation Court noted that while the effective date for Senate Bill 878 is Aug....
California Regulator Wins Case Involving Sale of Life Insurer
Aug 26 2011 // A California state appeals court has upheld a state regulators’ refusal to approve the sale of a California insurance company to a French-owned company. The decision upheld Insurance Commissioner Dave Jones’...
Insurer Group Names Jackson as Southeast Lobbyist
Aug 26 2011 // The insurer group, American Insurance Association, has hired Ron Jackson to serve as its southeast region assistant vice president for state affairs. Jackson currently is the assistant commissioner for the Georgia Office...
UK Travel Insurer Columbus Direct Expands into German Market
Aug 26 2011 // UK travel insurer Columbus Direct, which is part of the Collinson Insurance Group, announced the expansion of its range of low cost travel products into the German market. The bulletin said a “range of travel...
