Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Missouri DOI Fines Auto Insurer $256K; Orders Operational Changes
Mar 11 2011 // A Chicago-based auto insurance company has paid $256,000 in fines and is required to more quickly process, investigate and pay claims under a settlement reached with the Missouri Department of Insurance, the department...
Michigan Court Orders Insurer to Pay Mother Who Saw Son Die in Crash
Mar 11 2011 // An Ohio insurance company must pay benefits to a Detroit-area woman who suffers from witnessing the death of her son on a motorcycle. The Michigan appeals court said Gale Boertmann of Clinton Township can collect on her...
Insurers’ Share Prices Fall on Japan Earthquake News
Mar 11 2011 // Shares in European insurers and reinsurers fell sharply in early trading on Friday after Japan was hit by a massive earthquake, one of the biggest ever recorded. The quake, which measured 8.9 on the Richter scale, hit off...
Insurer Group Testifies in Support of Kansas Bill Banning ‘Crash’ Taxes
Mar 10 2011 // The American Insurance Association (AIA) announced it testified in favor of legislation in Kansas — House Bill 2119 — that would prohibit municipalities from adopting accident response fees or “crash...
Noah Joins Insurer Group AIA in Federal Affairs Post
Mar 8 2011 // The property/casualty insurance trade group, the American Insurance Association (AIA), announced that Adam Noah has joined as its new vice president for federal affairs. Most recently, Noah served in the office of Senator...
Florida Lawmakers Aim to Shrink State Insurer Citizens
Mar 8 2011 // Florida lawmakers are looking to cut the state’s largest property insurer down in size. The plan is to reduce the number of properties insured by Citizens Property Insurance Corp. by allowing it to raise its rates by...
How California Bill Implements Federal NRRA Surplus Lines Reform
Mar 8 2011 // The Nonadmitted and Reinsurance Reform Act (NRRA), Subtitle B, Part I, Dodd-Frank Wall Street Reform and Consumer Protection Act, reaches out and touches California on July 21, 2011. In anticipation of its effective date,...
E&O Insights: Common Auto, Homeowners Errors
Mar 7 2011 // An Estimated 30% of All Agency E&O Claims Arise from Handling Auto and Homeowners Business When dissecting Errors & Omissions claims frequency, it is apparent there is real E&O exposure for agencies writing...
South Dakota Senate Panel Rejects Bill Challenging Insurer Subrogation
Mar 7 2011 // A bill aimed at changing South Dakota’s insurance law to give some injured people a better chance of receiving full compensation for their losses has been rejected by a state Senate panel. However, one of the...
Insurer Rejects Fan’s $50,000 Hockey Shot Pay-Out
Mar 7 2011 // An Indiana Ice fan who shot a hockey puck the full 175-foot length of the hockey rink into a target with the chance to win $50,000 in a minor league hockey game promotion won’t be able to give the money to charity....
Connecticut Court Rules Man Charged in Arson May Sue Insurer
Mar 7 2011 // A Connecticut man charged with burning down his beach home hours before he was supposed to give it to his estranged wife may sue the home’s insurer for emotional distress, the state Appellate Court has ruled. Richard...
Texas Windstorm Insurance Litigation Costs Too High, Lawmaker Says
Mar 7 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, said one Texas lawmaker who’s working on...
NRRA Surplus Lines Requirements: The Devil is in the Details
Mar 7 2011 // Editor’s Note: This is the second installment of a two-part article on compliance with the Nonadmitted and Reinsurance Reform Act. Part one appeared in the West region of Insurance Journal’s February 21, 2011...
Rates for Architects, Engineers Going Up: Report
Mar 7 2011 // Rates for architects and engineers professional liability insurance, which have been stable, are expected to go up this year, a new study reports. A number of leading insurance companies offering this coverage expect to...
London Ship Insurers Add Libya to ‘High-risk’ List
Mar 4 2011 // London’s marine insurance market has added Libya to a list of areas deemed high risk as violence escalates in Africa’s third-largest oil producer, a senior market official said on Friday. Libyan rebels vowing...
Texas Associates Insurors Adds iPad App for Customer Service
Mar 3 2011 // Texas Associates Insurors has released the Texas Associates iPad application, the agency’s latest customer service tool. Texas Associates Insurors launched an application for the iPhone in late 2010. The iPad...
Kansas Studying Impact of Health Insurance Act on Agents, Insurers
Mar 3 2011 // Kansas Insurance Commissioner Sandy Praeger will conduct a public fact-finding hearing March 14 regarding the impact on Kansas insurance companies and agents of a medical loss ratio (MLR) provision in the federal...
Best Affirms CNA and Subs Ratings
Mar 3 2011 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of CNA Insurance Companies and its P/C members, as well as the ICR of...
Tennessee Sets Deadline for Claims Against 3 Shuttered Insurers
Mar 3 2011 // A Tennessee judge has set May 16 as the final date to resolve all outstanding claims against three insolvent risk retention groups that were closed in 2003 after the failure of their Virginia reinsurer, Reciprocal of...
Best Comments on Impact of Christchurch Earthquake on New Zealand P/C Insurers
Mar 3 2011 // A.M. Best’s London office announced that it “has begun to assess the financial impact of the Feb. 22, 2011 Christchurch earthquake on New Zealand’s non-life insurance industry, and it expects capital...
