Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Capitol Insurance Companies Promote Three
Feb 24 2011 // Middleton, Wis.-based Capitol Insurance Companies has announced three promotions. Kevin A. Klestinski has been named vice president of property and casualty underwriting, Richard F. Boettner has been promoted to director...
CAA Names Top Insurance Company Partners for 2010
Feb 24 2011 // Austin, Texas-based Combined Agents of America LLC (CAA) has named its 2010 Top Insurance Company Partners. This year, CAA expanded its annual “Top 4 Insurance Partner” awards to include the top four insurance...
Virginia Insurer Buys Amphitheater Naming Rights
Feb 24 2011 // The Virginia Beach, Va. amphitheater has a new name. Multiple media outlets reported the music venue has been renamed Farm Bureau Live at Virginia Beach. The concert venue’s naming rights were sold to Virginia Farm...
Florida Insurers, Businesses Take Aim at PIP Fraud
Feb 24 2011 // Insurance companies are taking to the Internet to combat auto insurance fraud in Florida. The Property Casualty Insurers Association of American has launched www.InsuranceFraudUncovered.com, a Web site designed to...
European Insurers Dogged by Fresh Capital Fears
Feb 24 2011 // A bumper equity issue from Aegon and a disappointing dividend from Allianz stirred fresh fears about European insurers’ capital strength on Thursday, weighing on their shares. The capital-boosting measures by Allianz...
Insurers Report 24% Rise in Suspicious Claims Since 2008
Feb 23 2011 // There has been a 24 percent rise in what insurance companies consider suspicious claims since 2008. In 2008, a total of 74,146 so-called questionable claims, or QCs, were referred to the National Insurance Crime Bureau...
Insurers May Face $3.5-$8 Billion New Zealand Quake Hit
Feb 23 2011 // The insurance industry faces damage claims of between $3.5 billion and $8 billion from Tuesday’s devastating earthquake around Christchurch, New Zealand, catastrophe modeling firm Air Worldwide said. “The quake...
Texas Windstorm Insurance Litigation Costs Too High, Lawmaker Says
Feb 22 2011 // The amount the Texas Windstorm Insurance Association (TWIA) has paid out in litigation costs as a result of lawsuits stemming from Hurricane Ike claims is far too high, says one Texas lawmaker who’s working on...
Aon Benfield Pushes for ‘Simplified Internal Model’ for Solvency II Approval
Feb 22 2011 // Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corporation, is calling for a “simplified Internal Model Approval Process (IMAP) for natural catastrophe risk that would encourage insurers...
New Jersey Added 27 Insurers in 2010
Feb 22 2011 // New Jersey saw an increase in the number of new insurance companies doing business in the state, and in carriers writing new lines, in 2010, according to state officials. The state insurance department said that last year...
Appeals Court: Tribe Can Sue Insurer in N.D. Reservation Fire Case
Feb 22 2011 // An appeals court has reversed a ruling that would have allowed family members of two people killed in a 2002 house fire on the Turtle Mountain Indian Reservation in North Dakota to sue an insurance company. A dissenting...
Demand for Agricultural Insurance Coverages Expected to Grow
Feb 21 2011 // Increasing world demand for food is driving up commodity prices for corn, soybeans, wheat and other food staples. At the same time, the U.S. farming economy is strong, the federal crop insurance program is being changed,...
Insurance Industry Challenged by Unexpected Weather
Feb 21 2011 // It’s a tough time to be in the $500 billion U.S. property insurance business. Storms are happening in places they never happened before, at intensities they have never reached before and at times of year when they...
Slow Down on Financial Stability Rules, Say Insurers
Feb 21 2011 // The insurance industry is asking the Obama Administration to slow down on rules for deciding whether insurers and other nonbank financial companies should be subject to extra scrutiny because they pose a systemic risk to...
Web Exchange
Feb 21 2011 // Survey on Agents’ Views on P/C Insurers What are the most critical factors in choosing carriers that agents will use the most? What areas would agents most like to see carriers spend more marketing or co-op...
Demographics, Health Reform, Economy, Data to Help Define Future
Feb 21 2011 // The number of workers over age 55 is quickly growing. Carriers need to understand the physical abilities, limitations, and unique exposures of aging workers to be able to properly assess work safety and wellness programs...
Insurers Oppose South Carolina Bill on Construction Defects
Feb 21 2011 // Insurers have come out against a move by South Carolina lawmakers to extend general liability policies to include construction defects. The Property Casualty Insurers Association of America (PCI) says such a move would add...
North Carolina Auto Insurers: No Rate Change Necessary
Feb 21 2011 // North Carolina Insurance Commissioner Wayne Goodwin announced good news for drivers in the state after the North Carolina Rate Bureau submitted its latest rate filing calling for no change in passenger car and motorcycle...
Iran Oil Tanker Operator Says Ship Insurers Decline to Renew Coverage
Feb 18 2011 // Iran’s biggest crude oil tanker operator, NITC, said on Friday that its club of ship insurers had declined to renew policy cover for the coming year due to the impact of tightening sanctions in the European...
Calif. Wants Insurance Companies to Invest in Communities
Feb 18 2011 // California Insurance Commissioner Dave Jones is offering insurance companies $4.67 million in tax credits to invest in underserved communities. In a letter to company CEOs, Jones pushed for insurers to place a portion of...
