Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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...
Advertising, Claims Handling Drive Reputations of Auto Insurers
Oct 4 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 auto insurance providers, according to a new survey. The...
Texas Agency’s iPhone App Lets Customers Reach Agent on Their Terms
Oct 4 2010 // Who says insurance agents aren’t cool? A Texas-based independent insurance agency has proven they know what’s up with a new iPhone application that gives their customers access to important account information...
Michigan Officials Seek to Force Broker to Remit $1.3 Million Owed to Insurers
Oct 4 2010 // Michigan insurance officials have gone to court to force a Troy insurance broker to remit $1.3 million in premiums he owes to multiple insurance companies. The Office of Financial and Insurance Regulation petitioned the...
Top 25 Carriers’ Second Quarter Results Show Improvement in 2010 Versus Second Quarter 2009
Oct 4 2010 // Benjamin Franklin once said, “Without continual growth and progress, such words as improvement, achievement and success have no meaning.” In a market that continues to be described as soft, the Top 25...
16 Brokers to Use New Single-Entry Commercial Lines Insurance Exchange
Oct 4 2010 // Sixteen insurance brokerage firms have agreed to be the first to use a new Internet-based single entry submission system to transact commercial lines business with carriers, a system that will be made available to all...
Syndicates – The Heart of the Market
Oct 4 2010 // Catlin, and Other Lloyd’s Syndicates As underwriters, syndicates are the heart of the Lloyd’s market. Until the end of the 20th century they were largely funded by wealthy individuals, who pledged their...
UK Auto Market ‘Saturated’ as Claims Rise Says Towers Watson Study
Sep 30 2010 // “The cost of injury claims in the UK car insurance market has grown recently by nearly 30 percent per annum concludes a study, based on industry data, compiled by Towers Watson (TW). TW also noted that the findings...
