Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Best Affirms Progressive and Subs ‘A+’ Ratings; Outlook Stable
Dec 29 2010 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa” of the Progressive Agency Pool, Progressive Direct Pool and Progressive...
Rates Rising But Florida Home Insurers Report Still Losing Money
Dec 28 2010 // Many Florida homeowners expected relief from the higher property insurance bills that followed the busy 2004 and 2005 hurricane seasons. But more than 4 million homeowners are about to get hit by rate hikes and...
Michigan Township’s Fight Over Cottage Costs Insurer, Taxpayers
Dec 28 2010 // The resistance by one community in Michigan’s rural Thumb to a couple’s plans to renovate the Lake Huron shoreline cottage has led to an $860,000 federal court damage award against the township. The $100,000...
Insurers’ Recent Success a Milestone in a Year of Chinese Drywall Litigation
Dec 23 2010 // A federal judge in Louisiana recently let 10 insurance companies being sued by Louisiana homeowners over property damage resulting from the installation of defective drywall from China off the hook for coverage from those...
Southeast’s Top Stories: Disasters That Happened and 1 That Didn’t
Dec 23 2010 // The top insurance stories in the Southeast in 2010 included several disasters that caused considerable death and destruction in the region and one that didn’t do as much harm as feared. The April 20 blowout of...
Best Affirms Fireman’s Fund Companies ‘A’ Ratings; Upgrades ICR
Dec 23 2010 // A.M. Best Co. has upgraded the issuer credit ratings (ICR) to “a+” from “a” and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) of Fireman’s Fund Insurance...
2010’s Top Insurance Stories in the West
Dec 23 2010 // In 2009, independent insurance agents and brokers faced a “perfect storm” with the economic downturn, premiums at a fraction of what they used to be, and unemployment and home foreclosure rates up, said Kevin...
SPECIAL REUTERS REPORT: Inside AIG’s Tortuous Turnaround
Dec 22 2010 // During a rainstorm in Washington in early 2009, amid the furor over Wall Street’s post-bailout bonuses, an American International Group employee pulled out an umbrella that had the insurer’s name on...
Health Insurers Face New Scrutiny Over Price Hikes
Dec 22 2010 // U.S. health insurance companies that want to increase premiums by 10 percent or more next year would face tougher government scrutiny under new rules proposed Tuesday. The rules, called for under the sweeping healthcare...
Endurance Coverage: Top 10 Insurance Cases of the Year
Dec 21 2010 // For the past 10 years I have had the privilege of publishing an end-of-year article in Mealey’s Litigation Report: Insurance that discusses the 10 most significant insurance coverage decisions from the year gone by....
Texas November Enforcements Result in Nearly $215K in Fines, Restitution
Dec 21 2010 // Enforcement actions taken by the Texas Department of Insurance that became final during November 2010 include 10 license revocations, and fines and restitution totaling $214,632. Copies of Insurance Commissioner Mike...
Industry Saw Profits Rise Through First Three Quarters of Year
Dec 21 2010 // Property casualty insurers had a healthy growth level in after-tax profits, which stood at $26.7 billion through the first nine months of 2010, according to a release by the Property Casualty Insurers Association of...
Insurance Vital to Alabama Coast Long-Term Plan, Says Commission
Dec 21 2010 // Coastal Alabama should seize the BP Gulf oil disaster as an opportunity for “resiliency planning” that will not only help the region recover from the oil damage but also put it in a position to better recover...
Kentucky Builders, Insurer Partner in Workers’ Compensation Program
Dec 20 2010 // A builders’ association is teaming with Kentucky’s largest workers’ compensation insurer to offer a new workers’ compensation program to its members in Kentucky and southern Indiana. Kentucky...
Fact or Fiction? Insurance Tidbits of Known and Little-Known Information
Dec 20 2010 // Have you ever wondered what big events helped shape regulation of the current U.S. insurance industry? Or if drivers of certain cars have more risk? What about the most attractive insurance job in the industry? These are...
Top 25 Carriers’ Q3 Premiums Rise Nearly 11.5% in 2010 Versus Q3 2009
Dec 20 2010 // Alexander Hamilton once said, “I never expect to see a perfect work from an imperfect man.” Despite an imperfect marketplace, the Top 25 property/casualty companies continued to improve. Their continued...
Georgia Insurers, Incoming Commissioner Plan Fraud Crackdown
Dec 17 2010 // Georgia’s insurance industry is teaming up with state authorities to launch an ambitious effort to crack down on the rising number of insurance fraud cases. Incoming Insurance Commissioner Ralph Hudgens, who takes...
Georgia Supreme Court Upholds Insurers in 2 Uninsured Motorist Cases
Dec 16 2010 // The Supreme Court of Georgia has ruled in favor of insurance companies in two cases involving how much people injured in car wrecks should get under uninsured motorists coverage. At issue was whether the two injured...
Suspicious Claims Rose 12% in Q3, Insurers Report
Dec 16 2010 // Questionable property/casualty insurance claims rose 12 percent in the third quarter over last year, according to the latest reports from insurance companies. Through the third quarter of 2010, the National Insurance Crime...
Missouri Recommends 11% Drop in Workers’ Comp Insurance Rates
Dec 16 2010 // After reviewing statewide data for insurance claims paid by employers for injured workers in 2010, the Missouri Department of Insurance is recommending a 11.1 percent decrease in workers’ compensation rates for 2011....
