Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Agents Concerned on Perpetuation; Relatively Few Take Action
Apr 18 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...
Arizona Lawmakers Moving to Open Door to Health Insurers
Apr 15 2011 // Individuals and employers in Arizona would be able to buy health insurance policies across state lines under legislation that would excuse out-of-state insurers – and possibly in-state providers – from the...
Japan Plans State-Backed Insurer to Save TEPCO
Apr 15 2011 // Japan plans to set up a government-backed insurance fund to put money into Tokyo Electric Power and pay compensation stemming from the disaster at its Fukushima Daiichi nuclear plant, the Nikkei newspaper said. Aimed at...
Survey Shows Opportunity for Carriers to Support Agents in Social Media
Apr 14 2011 // The majority of agents and brokers say using social media is important for business, yet many report not using social media tools in their business today. Seven of 10 independent agents and brokers believe it is important...
North Carolina Insurance Chief Battles Auto Rate Deregulation Bills
Apr 14 2011 // Auto insurers are looking to change the way rates are set in North Carolina but that’s not going to happen if Insurance Commissioner Wayne Goodwin has his way. There are several bills pending in the state Legislature...
P/C Insurers Weigh International Expansion for Growth
Apr 12 2011 // The economy is recovering, but not enough to overcome a persistent soft market and spark robust premium growth, a new report from Advisen Ltd. says. As a result, property/casualty insurers will increasingly view...
Tennessee’s Opry Mills to Reopen; Suit Against Flood Insurers Goes On
Apr 12 2011 // Nearly one year after a historic flood ravaged Nashville and submerged the popular Opry Mill shopping mall, the mall said it will reopen in 2012. This will happen despite the fact the property owner, Simon Property, is...
Goldman Buys 12% Stake in China Insurer
Apr 11 2011 // Goldman Sachs has bought a 12.02 percent stake worth more than $900 million in China’s Taikang Life Insurance Co. Ltd, giving the Wall Street giant a foothold into the world’s biggest insurance...
New Mexico Regulator OKs Insurance Company Rate Request
Apr 8 2011 // State Insurance Superintendent John Franchini has approved a double-digit rate increase for Blue Cross and Blue Shield of New Mexico. The rate increase will average 21 percent and affects about 40,000 people. The state...
Insurer Sues Celebrity Heiress Paris Hilton Over Missing Jewels
Apr 8 2011 // Paris Hilton is holding $60,000 of jewelry that does not belong to her and should give it back, a new lawsuit contends. A German insurer, Allianz SE, has sued the celebrity socialite and heiress to the Hilton Hotels...
Preparing For The Hurdles Ahead
Apr 8 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...
Oklahoma Tells Actuary to Cease Insurance Company Business
Apr 7 2011 // Oklahoma Insurance Commissioner John Doak has told an actuary in his state to stop acting like an insurance company. An emergency cease and desist order against Eagle Actuary Corp. and Terry L. McCrackin for violations of...
Tennessee Governor Urged to Sign Personal Lines Flexible Rating Bill
Apr 7 2011 // Tennessee lawmakers have passed a bill allowing property/casualty insurers to implement rate adjustments for personal auto and home insurance policies without prior state approval. Insurers are urging Governor Bill Haslam...
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...
