Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
High Unemployment Rate a Drag on Workers’ Compensation Insurers
Oct 25 2010 // The weak outlook for U.S. employment could hurt insurers that cover work-related injuries. Persistently high unemployment translates to fewer workers to cover, which cuts into revenue. And workers compensation providers...
Mutual of Enumclaw to Purchase Nevada-Based Insurance Companies
Oct 25 2010 // Enumclaw Insurance Group of Enumclaw, Wash.,announced the signing of a definitive agreement to purchase 100 percent of the stock of Chicago-Vegas Holding Co., which owns Nevada General Insurance Co. (NGIC) and Auto...
State Regulators Back Strict Medical Ratio for Health Insurers
Oct 22 2010 // U.S. state insurance commissioners unanimously backed tough rules requiring health insurance companies to direct more of the premiums they collect to medical care, rather than corporate salaries and profits. Although the...
Insurer Challenges Jackson Doctor’s Legal Bills in Texas Court
Oct 22 2010 // An insurer for the doctor charged in Michael Jackson’s death has asked a judge to rule that it is not responsible for the physician’s legal bills in two high-profile court cases and fights to retain his medical...
Industry Worries As Regulators Decide on Critical Loss Ratio
Oct 21 2010 // A seven-month-long process for determining how much U.S. health insurers must spend on medical care comes to a head Thursday, amid fresh concerns that the rules will lead companies to desert some small-group and other...
Georgia Insurance Commissioner Race: Attracting Insurers, Value of Agents
Oct 21 2010 // The three politicians who want to be Georgia’s next insurance commissioner see eye-to-eye on the need for the insurance regulator to be involved in attracting new insurers and insurance jobs to the state. According...
Utah Workers’ Compensation Carrier to Expand in the Western U.S.
Oct 21 2010 // Utah Business Insurance Company (UBIC) has retained Andrew Olwert as part of its leadership team in order to expand its footprint in the West. Mr. Olwert will initially help UBIC position itself both operationally and...
Best’s London Briefing Highlights Challenges for Europe’s Insurers
Oct 20 2010 // “2011 will be another challenging year,” said Roger Sellek, the CEO of A.M. Best Europe – Rating Services Limited, at the rating agency’s annual review of the state of Europe’s insurance...
Home, Flood Insurance Markets Still Troubled 5 Years After Katrina
Oct 20 2010 // Five years after Hurricane Katrina devastated the Gulf Coast, neither the federal government nor the private sector is any closer to developing effective solutions to the problems facing flood and windstorm insurance,...
New Swiss Re sigma Study Examines Impact of Inflation on Insurers
Oct 19 2010 // Swiss Rre has issued a timely new sigma study , “The impact of inflation on insurers,” which examines “recent commodity price spikes and the current easy monetary policy” that have “increased...
Aon Sees Catastrophes, Consolidation, Regulation in Asian Re Market
Oct 19 2010 // Aon Benfield launched a market update for the key Asia Pacific reinsurance hubs of Australia/New Zealand, Japan, Singapore and China at the recently concluded East Asian Insurance Congress (EAIC) in Bali. The announcement...
Private Insurers Eligible for Small Business Export-Credit Reinsurance
Oct 19 2010 // Private sector insurers that provide short-term export-credit insurance covering foreign receivables to U.S. exporters are now eligible for reinsurance from the Export-Import Bank of the United States (Ex-Im...
Insurers Urge State Regulators to Focus on Streamlining Regulation
Oct 18 2010 // The American Insurance Association (AIA) wants state regulators to emphasize regulatory “effectiveness and efficiency” at the National Association of Insurance Commissioners’ (NAIC) fall meeting in...
Missouri DOI Returns $6.5M to Consumers in 2010
Oct 18 2010 // Consumers who filed complaints with the Missouri Department of Insurance have received $6.5 million from their insurance companies in 2010. The money was returned as a result of the department’s mediation efforts on...
University Study of P/C Insurers Finds Bad CEOs Can Wreck Companies
Oct 18 2010 // When companies go out of business, their leaders often blame something other than their own performance for the failure. Lehman Bros.’s CEO Richard Fuld said his compensation package had nothing to do with his...
Nebraska: Information on On-Board Sensors Must Be Complete
Oct 18 2010 // The Nebraska Department of Insurance said auto insurance companies are increasingly using information obtained from on-board sensors in establishing premium rates. The DOI is concerned that some of that information may not...
California’s Commissioner Hopefuls
Oct 18 2010 // Unlike many voters, the hundreds and thousands of independent insurance agents and brokers in California know the November 2 election will be a pivotal one. After all, on that day, Californians will select a new insurance...
Court: Calif. Surplus Line Insurers Should Not Be Double-Taxed
Oct 18 2010 // Surplus line insurers should not be subject to California Constitution Section 28 taxes to the state, according to a California Court of Appeal decision that notes that these nonadmitted insurers already pay surplus line...
E&O Insights: Co-Insurance Penalty
Oct 18 2010 // What It Means to Your Customer and Your Agency Co-insurance penalty. Trust me these are not the words you want to hear from your customer right after a claim. How confident are you that your customers know: 1) if they have...
The Power of More
Oct 18 2010 // Why the Time is Right for Agency Networks They go by many names — networks, alliances, franchises, clusters and aggregators — but all have similar goals. Aggregator groups have been around the insurance industry for...
