Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Calif. Workers’ Comp Rating Bureau To Skip Mid-Year Rate Filing
Apr 7 2011 // California’s Workers’ Compensation Insurance Rating Bureau governing board has decided not to make a mid-year pure premium rate filing suggesting a 40 percent increase. Instead, the WCIRB will make an...
New Zealand to Back Insurer AMI Despite Budget Pain
Apr 7 2011 // New Zealand’s government has agreed to provide financial support for AMI, the country’s second-largest residential insurer, after two major earthquakes threatened to deplete its capital, Finance Minister Bill...
Survey Shows Agents Concerned on Perpetuation; Few Take Action
Apr 6 2011 // The majority of agents and brokers today worry about how to perpetuate their firm to future owners, yet few agency owners report having a perpetuation plan in place. New findings in the forthcoming survey “2011...
Financial Consultant Bjelobaba Analyzes Changing UK Regulations
Apr 6 2011 // The UK’s Conservative government announced, even before it was elected, that it planned to reform the country’s financial regulatory system – for banks, investment providers and the insurance industry. On...
Japan Quake Reveals Cracks in Insurance System – Part II
Apr 6 2011 // The first part of this article appeared on the IJ’s web site on April 5. PRICE PRESSURE Earthquakes may not be linked to each other, but they are linked to the financial markets, as anyone who has invested in...
Japan Quake Reveals Cracks in Insurance System – Part I
Apr 5 2011 // Michael Korn is a popular person these days, which is perhaps not too surprising considering what he does for a living and where he lives. Korn is an insurance broker in earthquake-prone San Francisco. “We’re...
How to Find Cyber Insurance for the Uninsurable
Apr 4 2011 // The University of California (UC) has redefined the rules of cyber liability insurance, using an approach that the University’s Chief Risk Officer Grace Crickette calls “reverse underwriting.”...
Willis Re Upbeat on S&P’s New Insurer Capital Model
Apr 4 2011 // After several years of uncertainty, coupled with no small amount of angst, Willis Re, the reinsurance broker for Willis Group Holdings, has published a reassuring report on Standard & Poor’s new criteria for...
Aon Benfield Report: Despite Catastrophes, Reinsurance Rates Remain Stable
Apr 4 2011 // Aon Benfield’s most recent evaluation of the state of the reinsurance market, as of April 1, concludes that it performed “as intended through recent events,” and that it continues “to provide...
Maryland Weighs Prohibition on Insurers’ Use of Credit Scores
Apr 4 2011 // Maryland lawmakers are weighing whether to prohibit insurers from using credit scores to rate auto insurance policies — a move insurers say is a bad idea. The economic matters committee of the House of Delegates recently...
Rhode Island Ponders Forcing Insurers to Buy Driving Records
Apr 4 2011 // Budget-strapped Rhode Island is considering a new way to raise money: Force insurers to buy official driving reports from the state, at $20 a driver. The move — part of a budget amendment that would alter laws...
Franchisor Benefits from Unrest in Captive Insurance World
Apr 4 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...
Government Ends Cargo Insurance Rule for Truckers
Apr 4 2011 // The federal government is no longer requiring that about 76,000 of the nation’s for-hire truckers carry cargo liability insurance. Over the objections of shippers and transportation brokers, the Federal Motor Carrier...
Florida Homeowners Insurers Seek ‘Flex-Rating’ Up to 15%
Apr 4 2011 // Florida lawmakers are considering giving homeowners insurers more flexibility to raise rates. The Florida Senate and Banking Insurance Committee recently approved a bill that would allow insurers to raise their rates up to...
Preparing for the Hurdles Ahead
Apr 4 2011 // Think of what happened in the neighborhood travel agency the first time an online travel Web site started doing business. Did those first agents, looking at the flickering image on their computer screens, realize what this...
The Future of the Independent Agency (Has Nothing to Do with Age)
Apr 4 2011 // Young Ownership Challenged by Carriers Unwilling to Hand Out Contracts to Start Ups For the last 20 years, at least, consultants, associations and publications have been worrying about the future of the independent agency...
Florida Lawmakers Advance Plan to Shrink State Insurer Citizens
Apr 1 2011 // Florida lawmakers have approved a plan designed to move more property owners into the private insurance market by restricting what properties the state-backed insurer can cover and allowing it to raise its rates. By a vote...
Lloyd’s Director Luke Savage on 2010 Results, Japan, What’s Ahead
Apr 1 2011 // His voice was a little husky, but Luke Savage – Lloyd’s Director of Finance, Risk Management and Operations – was still pleased to talk to the IJ about Lloyd’s financial results for 2010, which were...
Calif. Bill Would Give Insurance Commissioner Stronger Penalty Powers
Apr 1 2011 // California Sen. Noreen Evans, D-District 2, has introduced legislation to grant explicit authority to the state Insurance Commissioner to order restitution as part of an administrative enforcement action against an...
