Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Fireman’s Fund Ready to Rally
Nov 1 2010 // Company Progressing on Mass Market Strategy Fireman’s Fund’s financials, like other insurance carriers’, got bruised a little in the first half of 2010, following some heavy catastrophe losses. But...
The ‘Secrets of the Ancients’
Nov 1 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...
Strength and Power
Nov 1 2010 // San Francisco’s ISU Group Brings Together Creative Minds to Adapt, Survive and Succeed in Today’s Market In this age of Great Global Recession, collapsing corporations and profligate governments alike have...
E&O Insights: Professional Liability
Nov 1 2010 // Nothing Standard About This Line of Business Typically, when looking to move an account from one carrier to another, you can count on some degree of similarity in policy forms. For the most part, a general liability policy...
Some Nevada Insurers Failed to File Motor Vehicle Reports
Oct 29 2010 // The Nevada state Department of Motor Vehicles is notifying some motorists to check their registration status, after some insurers failed to submit required records in February. DMV spokesman Tom Jacobs downplayed the...
Insurers Boost Calif. Economy By $30.1 Billion
Oct 28 2010 // California has a $1.85 trillion economy that ranks it as a global financial power, thanks in part to a multi-billion dollar boost from the property/casualty insurance industry, according to a new report. In 2007, insurers...
Crump Names Kagan as Carrier Relations Head
Oct 28 2010 // New Jersey-based insurance wholesaler Crump has hired Adam Kagan as chief market relations officer. Kagan will work with Crump’s wholesale and specialty programs units to assist in developing and expanding carrier...
New IFRS Standards, Solvency II Pose a ‘Double Hurdle’ Says Willis Re
Oct 27 2010 // Two reports from Willis Re analyze the impact the insurance industry faces from the “double hurdles” of Solvency II and the new International Financial Reporting Standard (IFRS) due in 2013.” They explore...
Amica CEO DiMuccio Elected Chair Of Insurer Group PCI
Oct 27 2010 // The Property Casualty Insurers Association of America (PCI) elected new officers to its Board of Governors during its annual meeting examining in Colorado Springs. Robert A. DiMuccio, chairman, president and chief...
Business, Labor Battle Over Wash. Workers’ Comp Initiative
Oct 27 2010 // A seemingly dry topic that actually generates some of the most heated political battles in Washington state is on the ballot for voters this year: workers’ compensation insurance. Washington is one of four states...
Nationwide Tops List of Least-Complained About Insurers in New York
Oct 26 2010 // Insurer Nationwide is the least-complained about personal auto insurer in New York’s $10 billion auto insurance market, according to newly released ranking of 167 companies by the state’s Insurance...
Analysts Watching How Insurers Handle Low Interest Rates, Pricing
Oct 26 2010 // Insurers are under growing pressure from two fronts, each of which promises to be a key focus in earnings reports the next two weeks — depressed interest rates that could dampen investment income in coming years and...
Bermuda Insurers Collaborate on Healthcare Offerings
Oct 26 2010 // The Bermuda insurance market has launched two new products for the healthcare market: the Bermuda Market Follow Form Healthcare Insurance Policy and the Bermuda Market Reinsurance Agreement. Select Insurance brokers and...
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...
