Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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....
U.S. Sues BP, Well Owners, Driller, Insurer for Gulf Oil Spill Damages
Dec 16 2010 // The Obama administration Wednesday launched a legal battle against BP Plc and its partners by suing them for the worst offshore oil spill in U.S. history, which could cost the companies billions of dollars. The lawsuit...
Calif. Commissioner Removes 4 From Barred Iran Investments List
Dec 15 2010 // California Insurance Commissioner Steve Poizner announced that the California Department of Insurance (CDI) has removed Royal Dutch Shell (Netherlands), Shell International Finance (Netherlands), Total SA (France), and...
Texas Work Comp Enforcements for November Include Fines Up to $60K
Dec 15 2010 // Final disciplinary actions taken by the Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC) for November 2010 include fines of up to $60,000. Final orders for November 2010: American Zurich...
Insurer Launches Ad Campaign Within Facebook Game ‘Car Town’
Dec 15 2010 // Building its brand messages directly into the game play of the popular social game Car Town – the only game on Facebook built around licensed automotive brands –State Farm today launched a six-month advertising...
Insurers, Feds Jointly Pursue Financial Sector Cybersecurity Measures
Dec 13 2010 // Leading insurance and other financial services companies have signed a research agreement with federal homeland security officials to improve cybersecurity in the financial sector. Through a public-private sector...
Arkansas Warns Agents, Insurers About Certificates of Insurance
Dec 13 2010 // The Arkansas Department of Insurance is reminding insurance agents and insurers to take care when providing Certificates of Insurance to policyholders. The department said there have been recent instances in which...
Insurer Covering Baby’s Surgery After Indiana Medicaid Denial
Dec 13 2010 // An Indiana infant born with a rare condition that likely would kill him by age 2 will receive a shot at a normal life after an insurance company said it will pay for an experimental procedure that the state’s...
Insurer, Agent Help Rebuild West Virginia Fire Station
Dec 13 2010 // Sissonville Volunteer Fire Department is getting $10,000 from State Farm Insurance to help replace a fire station and three fire trucks destroyed in a blaze. The insurance company announced Friday it would donate the money...
New Jersey Towns Look to Charge Insurers for Fire and First-Aid
Dec 9 2010 // Some New Jerseyans might have to pay if they need the fire department or an ambulance. Salem’s City Council has adopted an ordinance that would allow the fire department to charge to recover costs. The council says...
Insurance Industry Outlook Improving, Slightly
Dec 6 2010 // The insurance industry is recovering from the economic crisis, but profits are nowhere near where they were prior to the crisis, and it will take California longer than other states to rebound, according to an industry...
P/C Insurers, Reinsurers Put Positive Spin on Federal Regulatory Role
Dec 6 2010 // The federal government’s new role in insurance regulation poses significant challenges and opportunities for the insurance industry, according to insurer trade group executives. The establishment of the Federal...
Could Sinkhole Claims Sink Florida Insurers?
Dec 5 2010 // A new state report confirms sinkhole insurance claims are rising in Florida, costing insurers millions of dollars in payouts and expenses, cropping up in counties where they have not been a problem in the past, and showing...
Inside the Disaster Blaster
Dec 5 2010 // Industry’s $40M Research Center May Someday Lead to Lower Catastrophe Claim For those who question the intelligence of insurance companies, here’s a new industry development that should answer those questions...
Fireman’s Fund Ready to Rally
Dec 5 2010 // Company Progressing on Mass Market Strategy Fireman’s Fund’s financials, like other insurance carriers’, got bruised a little in the first half of 2010, following some heavy catastrophe losses. But...
Inside the Disaster Blaster
Dec 5 2010 // Industry’s $40M Research Center May Someday Lead to Lower Catastrophe Claim For those who question the intelligence of insurance companies, here’s a new industry development that should answer those questions...
Calif. Commissioner Rejects Increase in Workers’ Comp Cost Benchmark
Dec 5 2010 // California Insurance Commissioner Steve Poizner has rejected – for the third consecutive time – a workers’ comp rate filing submitted on behalf of insurers by the Workers’ Compensation Insurance...
Wyoming Insurers That Provide Fraud Tips Shielded From Lawsuits
Dec 5 2010 // Wyoming’s Joint Corporations, Elections and Political Subdivisions Interim Committee has endorsed a draft fraud bill that would protect insurers from civil liability for furnishing information relating to insurance...
AIG Debt Sale Shows Insurer Still Under Pressure
Dec 2 2010 // AIG may be getting healthier, but it hasn’t fully recovered. When AIG sold $2 billion of debt on Tuesday, it had to offer fat interest payments to investors. The extra yield it paid over Treasuries, a measure of how...
Dutch Insurer Aegon to take $290 Million Charge from U.S. Restructuring
Dec 2 2010 // Dutch insurer Aegon NV will cut up to 500 jobs in the United States and discontinue sales of certain types of life insurance policies, it said on Wednesday, leading to $290 million in restructuring charges and...
