Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Ireland’s Re/Insurers Not Seriously Affected by Financial Crisis
Nov 17 2010 // Even though Ireland’s financial crisis continues to make headlines, it’s not by any means a national meltdown, and it doesn’t appear to pose a threat to any of the re/insurance companies and brokers, who...
P/C Insurer Rules on Medicare, Medicaid Liability Claims Delayed
Nov 16 2010 // Property/casualty insurers will have some extra time to comply with new Medicare and Medicaid liability claims reporting requirements. The Department of Health and Human Services Centers for Medicare and Medicaid Services...
Moody’s Rates P/C Personal Lines Industry Financially Sound, Highly Competitive
Nov 15 2010 // The U.S. property/casualty personal lines insurance industry remains financially sound despite the weak economy and prolonged soft, though improving, pricing environment, Moody’s Investors Service says in its new...
Inside the Disaster Blaster
Nov 14 2010 // Industry’s $40M Research Center May Someday Lead to Lower Catastrophe Claims For those who question the intelligence of insurance companies, here’s a new industry development that should answer those questions...
Inside the Disaster Blaster
Nov 14 2010 // Industry’s $40M Research Center May Someday Lead to Lower Catastrophe Claims For those who question the intelligence of insurance companies, here’s a new industry development that should answer those questions...
Massachusetts Revises Workers’ Comp Paperwork Snafu
Nov 14 2010 // Bowing to pressure from insurers and agent groups, Massachusetts safety regulators have eased new workers’ comp paperwork requirements for some out-of-state contractors. At issue is a form used by inspectors to...
How Insurance Companies Live For 100 Years and More
Nov 14 2010 // Nearly 13 percent of property/casualty insurance companies today are more than 100 years old, which means they have been through two World Wars and the Great Depression. About 62 percent of 100-year-old companies are...
Bond Insurer Ambac Files for Bankruptcy
Nov 14 2010 // Ambac Financial Group Inc., which was the second-largest U.S. bond insurer before suffering huge losses on risky mortgages, filed for Chapter 11 bankruptcy on Nov. 8. The filing cements Ambac’s decline from a company...
People
Nov 14 2010 // Connecticut-based managing general agency Business Risk Partners has named Mark Bradway as director of broker relations. He has worked in specialty liability for over a decade. He began his career at wholesale broker Swett...
The ‘Secrets of the Ancients’
Nov 14 2010 // How Insurance Companies Can Live to Be 100 and Beyond Companies that seek longevity in the insurance industry should not focus solely on increasing profits. That’s the assessment of Robert P. Hartwig, president and...
Inside the Disaster Blaster
Nov 14 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...
Texas Work Comp October Enforcement Actions Include Hefty Fines
Nov 12 2010 // Final disciplinary actions taken by the Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC) in October include fines of up to $153,000, the department announced. Commissioner of Workers’...
Report Confirms Florida Sinkhole Insurance Woes are Deep, Spreading
Nov 12 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...
Health Insurers, Drugmakers Oppose Repeal of Obama Healthcare Overhaul
Nov 12 2010 // Repeal reform? No thanks, say health insurers, drugmakers and others looking for a clearer picture of the U.S. healthcare market after the bruising passage of the controversial overhaul law. Company executives at the...
Best Assigns Aioi Insurance Company (China) ‘A-‘ Rating; Outlook Stable
Nov 12 2010 // A.M. Best Co. has assigned a financial strength rating of ‘A-‘ (Excellent) and an issuer credit rating of “a-” to Aioi Insurance Company (China) Limited, both with stable outlooks. The ratings...
Aon Warns Re/insurers of Heightened Rating Agency Scrutiny in Asia
Nov 11 2010 // Aon Benfield announced that it is “advising re/insurers that rating agencies are likely to increase their scrutiny of catastrophe risk in Asia and that many companies will have to make substantial investments to...
Illinois Disciplinary Actions Include License Denials, Suspensions, Fines
Nov 11 2010 // Illinois Department of Insurance Director of Insurance Michael T. McRaith has issued the following disciplinary orders for September and October 2010: Shango D. Johnson, Chicago – Insurance producer license suspended...
Aon Finds Business Interruption Demand Grows, but Insurers Back Off
Nov 10 2010 // Aon came up with the conclusion that although recent events have “increased demand and enquiries for business interruption insurance,” there is a “decreasing appetite of insurers to pay claims for this...
Workers’ Compensation Fees Would Cost New York Drivers, Insurers Warn
Nov 10 2010 // Proposed 30 percent increases in what medical providers in New York are paid for treating workers’ compensation injuries could have unintended consequences for the state’s motorists, an industry group has...
Ireland Unveils New, Tougher Regulations for Banks and Insurers
Nov 9 2010 // Ireland unveiled a new corporate governance code for banks and insurers on Monday to bring ‘fresh blood’ into boardrooms and prevent a repeat of the excessive risk-taking that precipitated the country’s...
