Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Prepareth Not and Doom Your Summer Vacation
Feb 10 2011 // The Nonadmitted and Reinsurance Reform Act (NRRA), Subtitle B, Part I, Dodd-Frank Wall Street Reform and Consumer Protection Act, will usher in a new era of premium taxation and regulation for surplus lines insurance on...
Report: Calif. Health Insurers Deny 26% of All Claims
Feb 10 2011 // California’s largest, private health insurers rejected 26 percent of all claims –13.1 million — submitted for the first three quarters of 2010, according to new findings by the Institute of Health and...
Inferior Results Will Force Admitted Carriers Out of the E&S World, Eventually
Feb 10 2011 // The loss of market share in the surplus lines sector of the property/casualty insurance industry will turn around when standard carriers begin to experience negative results from the non-standard business they’ve...
Insurers Seek Delay in Financial Rules Until Insurance Posts Filled
Feb 9 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...
Insurers Oppose South Carolina Bill on Construction Defects
Feb 9 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...
SPECIAL REPORT: Extreme Weather Batters Insurance Industry
Feb 9 2011 // In Chester County, South Carolina, off a dirt road in the middle of a field, insurance companies are literally unleashing a storm. To simulate hurricane-like conditions, an industry group has built a wind tunnel big enough...
Florida Senate Committee Postpones Vote on Property Legislation
Feb 8 2011 // For the second straight week, the Florida Banking and Insurance Committee failed to reach a final vote on its comprehensive property insurance bill. The delay comes as committee members remain bogged down over how to...
Wild Weather Could Push Miners to Heed Insurers’ Warnings; Reassess Risks
Feb 8 2011 // A surge in weather-related disasters in Australia could push global mining firms to overhaul supply contracts and rethink how bad weather will affect their operations and customers worldwide. Climate scientists say a...
As Small Business Shrinks, Small P/C Insurers Lose
Feb 7 2011 // The property/casualty small business sector – those accounts with less than 50 employees – has shrunk substantially since 2007, and there has been a dramatic shift in market share among small, mid-sized and...
Oregon Credit Score Law Cuts Insurance Rates
Feb 7 2011 // Thousands of Oregonians are enjoying lower insurance premiums as a result of a year-old credit scoring law, according to a recent survey by the Department of Consumer and Business Services (DCBS) Insurance Division. The...
Court Sides with Florida Regulator Over Texas Insurer
Feb 7 2011 // A Texas-based workers’ compensation insurer has lost its appeal of rulings by the Florida insurance commissioner that have blocked it from doing business in the state. On Jan 20, without explanation, a three-judge...
South Carolina Court: Insurer Not Liable for Poor Construction
Feb 7 2011 // The South Carolina Supreme Court has ruled that insurers are not liable for damages caused by faulty workmanship under a contractor’s commercial general liability policy. The high court found that a builder’s...
As Small Business Shrinks, Small P/C Insurers Lose
Feb 7 2011 // The property/casualty small business sector – those accounts with less than 50 employees – has shrunk substantially since 2007, and there has been a dramatic shift in market share among small, mid-sized and...
Issues to Consider When Placing Professional Liability
Feb 7 2011 // When placing coverage for your clients, with a fair degree of frequency your agency will need to look at placing professional liability — a/k/a errors and omissions — coverage for those risks. Typically, when thinking...
Lemons Into Lemonade:
Feb 7 2011 // Making the Best of the Medical Loss Ratio Squeeze January 1, 2011 marked the beginning of a significant transformation for the nation’s insurance brokers Ð one that, frankly, didn’t inspire celebration....
My New Market
Feb 7 2011 // Chubb Masterpiece Market Detail: Agents Access offers personal lines coverage including home, auto, valuable articles and excess. Chubb offers solutions designed exclusively for people with above-average needs, who need...
P/C Insurers Like Some of Obama’s Plans
Feb 7 2011 // Property/casualty insurers found things to like in President Obama’s State of the Union speech that was largely focused on the economy and business. Medical malpractice reform, regulatory review, and trade agreements...
Reasons to Look Beyond Price in 2011
Feb 7 2011 // Just weeks into the New Year, the experts’ predictions appear to be “more of the same” for at least the first half of 2011: super soft pricing combined with increased availability of limits and coverage....
North Carolina Auto Insurers: No Rate Change Necessary
Feb 4 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...
Insurers Laud New Jersey Fraud-Fighting Legislation
Feb 3 2011 // The Property Casualty Insurers Association of America (PCI) says it wants New Jersey lawmakers to adopt legislations that would enhance fraud-fighting efforts. The insurers’ trade group, which testified today in...
