Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
How Debt Ceiling Politics Impact P/C Insurance Industry
Aug 1 2011 // As they watched Congress struggle to put a debt deal in place by Aug. 2, U.S. insurers worried about their companies’ portfolios, short- and long-term interest rates and a decline in equity markets. The leading...
Insurer Wants to Sign 100 Agents in 100 Days
Aug 1 2011 // A commercial lines insurer is on a mission to sign a number of independent agents – as many as 100 of them – within 100 days. From July 12 through October 12, South Carolina-based Accident Insurance Co. (AIC)...
Agency Satisfaction With Insurers Not Driven by Price, Compensation
Aug 1 2011 // Insurance agents tend to give a greater share of their business to insurers with whom they are highly satisfied, according to a J.D. Power and Associates Insurance Agency Satisfaction Study-Personal Lines. The study, based...
Dodd-Frank Anniversary: What About Insurance?
Aug 1 2011 // The Dodd-Frank Wall Street Reform and Consumer Protection Act rewrote the landscape of the financial markets and it has permeated all sectors of the global economy. A year after the Dodd-Frank Act was signed, there...
Insurance Industry’s Economic Clout in California
Aug 1 2011 // The overall insurance industry accounts for more than 234,000 jobs in California with a payroll of $16.8 billion, a new report finds. Also, property/casualty insurers paid a total of $50.2 billion in claims and expenses in...
Allstate Agents Hope Unionization Sparks Changes at Insurer
Aug 1 2011 // Some unhappy Allstate Insurance agents who say the insurer controls them like employees even though they are independent contractors are moving to affiliate with a union. The National Association of Professional Allstate...
Top 25 Carriers’ Premium Growth Jumps 11.4% Q1 2011 vs Q1 2010
Aug 1 2011 // Property/casualty insurance companies have faced tough economic decisions over the last few years. Experts and analysts have expressed concern over soft pricing exhibited in the underwriting cycle. To avoid the...
Sony Insurer, Zurich, Files Suit to Deny Data Breach Coverage
Aug 1 2011 // One of Sony Corp’s insurers has asked a court to declare that it does not have to pay to defend the media and electronics conglomerate from mounting legal claims related to a massive data breach earlier this...
Safe Driving Habits Pay Off for Consumers with Usage-Based Insurance Programs
Aug 1 2011 // The driving habits of personal auto consumers are shaping the way carriers price coverage today. Those carriers providing usage-based insurance (UBI) options, including telematic systems or devices to monitor an...
Group Captive Chooses The Hartford As Insurer
Jul 28 2011 // Affinity Insurance Ltd., a casualty lines group captive owned by 290 companies, has selected The Hartford as its insurance carrier for workers’ compensation, commercial auto and general liability. Captive Resources,...
P/C Insurers Still Saddled with Asbestos Reserve Challenges
Jul 28 2011 // Asbestos-related diseases have been falling for a decade, but warnings from a pair of U.S. insurance giants about new claims raise questions about the industry’s ability to put the scourge behind it. While medical...
Post-Loss Assignments of Claims Under Insurance Policies in Louisiana
Jul 27 2011 // In the settlement of lawsuits involving insured claims, it is not uncommon that one condition of the settlement is that the defendant assign his or her claims under all applicable insurance policies to the party that filed...
Insurers Urge Senate OK for Insurance Rep on Financial Council
Jul 26 2011 // The Senate Banking Committee is today considering the nomination of a key insurance member to the new federal board that deals with the financial system and matters of systemic risk. President Barack Obama has nominated a...
Moody’s: U.S. P/C Insurers’ Report Meaningful 2010 Reserve Releases
Jul 26 2011 // U.S. property/casualty insurers reported meaningful reserve redundancies in their 2010 earnings, Moody’s Investors Service said, marking the sixth straight year in which the industry has posted a benefit to...
Allstate Agents Hope Unionization Sparks Changes at Insurer
Jul 26 2011 // Some unhappy Allstate Insurance agents who say the insurer controls them like employees even though they are independent contractors are moving to affiliate with a union. The National Association of Professional Allstate...
Best Gauges Potential Impact of U.S. Debt Ceiling Impasse on Insurers
Jul 25 2011 // “With the credit quality of the U.S. imperiled by the current impasse over raising the debt ceiling, insurance companies are facing increased overall risk on their balance sheets,” states A.M. Best. The company...
Iowa Insurers Get More Time on New Health Law Medical Care Requirements
Jul 25 2011 // Iowa insurance companies have been given more time to comply with a new federal rule designed to curb insurers’ profits. The regulation that went into effect this year calls for insurance companies to spend at least...
Europe’s Banks, Insurers Take Greek Debt Hit in Stride
Jul 22 2011 // Major European banks have limited their losses on Greek bonds to just over €5 billion [$7.2 billion] after negotiating a 21 percent haircut on their debt holdings as part of a rescue plan. France’s BNP Paribas is...
Florida Consumer Chief Backs Double-Digit Hikes for Allstate
Jul 22 2011 // Florida’s consumer advocate says Allstate’s two Florida home insurers are among the state’s best run and deserve double-digit rate increases along the lines they have requested. The Allstate units, Castle...
MetLife to Sell Banking Unit to Avoid ‘Too Big To Fail’ Regulation
Jul 22 2011 // MetLife, the largest life insurance company in the United States, has put its banking operations up for sale to avoid the “too big to fail” regulatory scrutiny that analysts have said was likely. MetLife said...
