Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Will New Legislation Help Florida’s Property Insurance Market?
Jun 7 2011 // Florida hasn’t been hit by a hurricane since the disastrous years of 2004 and 2005, but the state’s property insurance companies say they are still losing money despite collecting billions in premiums. That has...
Late May Storms to Cost Insurers Up to $7 Billion: AIR
Jun 6 2011 // The severe thunderstorms that struck the United States from May 20 to the 27 will result in insured losses to residential, commercial, and industrial properties and their contents, and to automobiles of between $4 billion...
Home Insurer Dropping 73,000 Policies in Alabama
Jun 6 2011 // Alabama’s second largest insurer of homes, Alfa Insurance, announced plans Friday to not renew policies on one out of every six homes it insures in Alabama. The company said it will send notices involving about...
Louisiana Closer to Recouping ‘Road Home’ Money
Jun 6 2011 // State Supreme Court: Contested Policies Must Be Evaluated Separately Louisiana may be able to recoup much of the money it handed out after Hurricanes Katrina and Rita in 2005 to help storm victims repair their homes,...
Best Performing Mid-Sized Commercial Insurers
Jun 6 2011 // Medical malpractice insurers rank high when it comes to best performers in the mid-sized commercial insurance arena. Medical liability insurers placed in eight of the top 20 slots, according to SNL Financial’s...
Colo. Court: Insurer Can’t Be Sued By Another Insurer for Failing to Cancel Policy
Jun 6 2011 // A Colorado Court of Appeal has ruled that an insurer cannot file suit against another insurer for its failure to cancel a policy. According to First Comp Insurance v. Industrial Claim Appeals Office of the State of...
What’s In Florida’s Property Insurance Cost Control Bill?
Jun 6 2011 // Florida Gov. Rick Scott signed into law legislation that promises to lower costs for the state’s property insurers, including what they pay on sinkhole claims. Scott said the bill (SB 408) “strengthens...
Texas Supreme Court Reaffirms Right to Appraisal
Jun 6 2011 // The Decision May Lead to More, Not Less, Litigation, However In the wake of Hurricanes Rita, Dolly and Ike, and the inevitable ensuing litigation, many arguments over appraisal provisions surfaced. Most property policies...
How Florida’s Agents Fared in Tallahassee
Jun 6 2011 // FAIA President Jeff Grady on Property Insurance Reform, Effects of RMS Model, Citizens For those in the industry, Florida’s recent legislative session was a long march as they tried to navigate through a process that...
Franchisor Benefits from Unrest in Captive Insurance World
Jun 6 2011 // Ray Spears, Jeff Wilson, and Charles Donaldson in 2007 established GlobalGreen Insurance Agency as the brand name for the franchise network of independent agencies developed and operated by St. Louis, Mo.-based Equity One...
What Killed PIP and Citizens Reform?
Jun 6 2011 // P/C Industry Wins Some, Loses Some in Scott’s First Session It is axiomatic in Florida that when it comes to the legislature and insurance issues, the power brokers play to the last 72 hours. No matter how many...
Agents View Carrier Consistency of Product, Price Critical in Relationship
Jun 6 2011 // Nearly half of independent insurance agents and brokers believe it is most important to their carrier relationships that companies are consistent in product and pricing in the marketplace, a new study co-sponsored by...
Catlin Stokes Broker Compensation Controversy
Jun 6 2011 // The simmering compensation conflict between London’s broker community and the underwriters they work with erupted following a keynote speech given by the Catlin Group’s chief executive Stephen Catlin at a...
Mobile Food Vendor Market Explodes as Insurance Market Evolves
Jun 6 2011 // In just about every metropolitan area nationwide hungry customers can appease their appetites by visiting the neighborhood taco truck. The traditional taco truck sells more than just tacos these days – a lot more....
P/C Insurers Facing Record Losses from Weather
Jun 6 2011 // Devastating tornadoes, floods, earthquakes overseas and a busier-than-usual hurricane season have U.S. insurance companies bracing for record losses in 2011. Insurers could suffer as much as $10 billion from...
Florida Braces as RMS Model Makes Landfall
Jun 6 2011 // Storm Model Hits Inland Territories; Could Alter Property Insurance Political Landscape Florida’s history with hurricanes has created a series of assumptions long treated as facts, none of which is more quoted than...
Living with Solvency II; A Top Regulator Gives His Views
Jun 3 2011 // Solvency II, the European Union’s imminent imposition of new and more sophisticated risk based regulation of its insurers, may not be the only elephant in the room It is, however the main focus of a great deal of...
Actuaries Urged to Get Involved in Insurers’ Social Media Strategies
Jun 3 2011 // Actuaries are being urged to lend their expertise as insurers get more involved in using social media tools to connect with policyholders and prospects, tools that are producing metrics ripe for expert analysis. Actuaries...
Best Revises Tower Group and Subs Outlook to Positive; Affirms Ratings
Jun 3 2011 // A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of the Tower US Pool and...
Insurer Group Says More Workers’ Comp Reform Needed in Illinois
Jun 3 2011 // Illinois Gov. Pat Quinn plans to sign a major overhaul of Illinois workers’ compensation system that he said will mean “significant saving” for the state, but at least one insurance carrier trade group...
