Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Advertising, Claims Handling Drive Reputations of Auto Insurers
Oct 18 2010 // Consumers have been highly satisfied with their auto insurance companies over the past year, and they view Allstate, State Farm and Geico as the most reputable providers, according to a new survey. The survey conducted in...
Home Insurance Customer Satisfaction Declines But ‘Bundlers’ Happy
Oct 18 2010 // Overall customer satisfaction with homeowners insurance companies has declined to the lowest level in five years, primarily due to decreases in satisfaction with policy offerings and customer service, according to the J.D....
New York Panel Hears Homeowners Reform Proposals
Oct 15 2010 // New York insurance regulators proposed a series of tweaks to the state’s coastal homeowners insurance market this week, but it will probably be months before the state panel tasked with evaluating the proposals makes...
Poll Shows AIA IPO Price Seen Above Mid-point; Will Raise $19.8 Bn
Oct 14 2010 // The IPO of American International Group Inc’s Asian life insurance unit is set to command a valuation above the mid-point of an indicative range as attractive valuations draw in investors to the world’s...
Tennessee High Court Blocks Hospital Lien on Insurer’s Benefit Payment
Oct 14 2010 // Hospitals are not entitled to place liens on insurance benefits paid by insurers to third party service providers, the Tennessee Supreme Court has ruled. The case involved a man, Kevin L. Holt, who was injured in a car...
House Report: Denials of Coverage by Large Health Insurers Up 49%
Oct 13 2010 // Coverage denials of individuals based on their medical histories by the nation’s top for-profit health insurance companies rose by nearly half in recent years, U.S. lawmakers said Tuesday. The findings raise...
Clock is Ticking on Surplus Lines Tax Reform
Oct 12 2010 // The insurance industry called the passage of the Wall Street Reform & Consumer Protection Act on July 21, 2010, a “big win” thanks to provisions in the massive reform bill that would modernize regulation...
Five More Massachusetts Insurers Reach Motorcycle Settlements
Oct 12 2010 // Five more insurers have reached settlements with the state of Massachusetts over allegations they charged inflated premiums for motorcycle insurance, the state’ attorney general said. The latest settlements with...
Calif. Iranian Investment Regs Ruled Improper
Oct 12 2010 // The California Office of Administrative Law has ruled that state Insurance Commissioner Steve Poizner’s Iranian investment regulations were improper. Earlier this year, the California Department of Insurance...
ACE to Acquire Malaysian Insurer Jerneh Berhad for $200 Million
Oct 8 2010 // The ACE Group of insurance and reinsurance companies has agreed to acquire 100 percent of Jerneh Insurance Berhad, a general insurance company in Malaysia that is majority owned by Jerneh Asia Berhad, which is listed on...
Foreign Insurers Need Adaptability to Share in Gulf Market
Oct 7 2010 // International insurers seeking a bigger share of the potentially lucrative Gulf market need to adapt quickly to regulatory changes and tap into growth areas like Islamic finance or risk being muscled out of...
Insurer PURE Enters North Carolina High-End Coastal Home Market
Oct 7 2010 // An insurer specializing in pricey properties is moving into North Carolina with a particular eye toward coastal real estate. Privilege Underwriters Reciprocal Exchange (PURE) offers its homeowners insurance policies for...
Polls Finds Opposition to Billing Auto Insurance Carriers for Accident Fees
Oct 6 2010 // Californians disagree with the idea that communities should levy fees on out-of-town motorists who cause accidents that require city-funded emergency response services, according to poll results recently released by a...
The Future for Independent Insurance Agencies
Oct 6 2010 // I believe the future of independent insurance agencies is at a tipping point. A number of forces are pushing agencies toward the precipice of major change. A few of those forces include: legislation, case law, the Web,...
Calif. Insurers Encouraged to ‘Go Green’
Oct 6 2010 // Insurers have new incentives to go green, thanks to a new law signed by California Gov. Arnold Schwarzenegger. AB 1011, authored by Assembly Dave Jones, who is running for Insurance Commissioner, requires the state...
AIA Warns Failed Prudential UK Deal Could Impact Business
Oct 5 2010 // AIA Group Ltd, which aims to raise about $15 billion through a Hong Kong listing, flagged a series of business risks including the collapsed bid from Prudential Plc as it launched the share offering on Tuesday. AIA, the...
Home Insurance Customer Satisfaction Declines But ‘Bundlers’ Happy
Oct 5 2010 // Overall customer satisfaction with homeowners insurance companies has declined to the lowest level in five years, primarily due to decreases in satisfaction with policy offerings and customer service, according to the J.D....
Nebraska: Information from On-Board Sensors in Filings Must Be Complete
Oct 5 2010 // The Nebraska Department of Insurance says auto insurance companies are increasingly using information obtained from on-board sensors in establishing premium rates. The department is concerned that some of that information...
Calif. Insurers Must Disclose Cancellation Fees
Oct 4 2010 // Insurers in California will now be required to disclose cancellation penalties —prior to or concurrent with an application for insurance — thanks to legislation recently signed by Gov. Arnold...
Title Insurer Stops Insuring Chase, GMAC Mortgage Foreclosures
Oct 4 2010 // Amid growing concerns about the legal practices of mortgage lenders, Old Republic National Title Insurance told agents Friday it would stop insuring homes foreclosed by JPMorgan Chase & Co., The New York Times reported...
