Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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...
Washington Refines Pay-As-You-Drive Legislation
Feb 18 2011 // Washington’s Senate Committee on Financial Institutions, Housing & Insurance has refined a proposal to allow drivers’ insurance rates to be based primarily on the number of miles driven per year. The PAYD...
Insurer Rejects Fan’s $50,000 Hockey Shot Pay-Out
Feb 18 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....
Colorado House Tables Credit Disclosure Bill
Feb 17 2011 // Legislators in Colorado are considering a bill that would require additional disclosures of information that insurers use for underwriting personal lines property/casualty insurance policies. House Bill 11-1127, concerning...
Texas Insurer Group Releases Motorists’ Accident Brochure
Feb 17 2011 // The Insurance Council of Texas (ICT) has released its newest brochure, “Holy Fender Bender! What Do We Do Next?” which provides simple, useful information for motorists dealing with the aftermath of a traffic...
Connecticut Court: Man Charged in Arson Can Sue Insurer
Feb 16 2011 // A Connecticut man charged with burning down his beach home hours before he was supposed to give it to his estranged wife can sue the home’s insurer for emotional distress, the state Appellate Court has ruled. Richard...
Mississippi Municipal Insurer Takes Aim at Taser Weapons in Training
Feb 15 2011 // A company that administers an insurance program for county workers injured on the job is discouraging the use of Taser shock weapons in training police officers. The Mississippi Public Entity Workers’ Compensation...
Dad of Rhode Island Motorcyclist in Crash Sues Insurer
Feb 14 2011 // The father of a Rhode Island motorcyclist who was killed in May by a driver running a red light has sued his insurance company. The Westerly Sun reports that Richard “Robin” Foote’s lawsuit challenges a...
