Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Feds to Insurers: Don’t Blame Health Reform for Rate Hikes
Sep 13 2010 // President Barack Obama’s top health official is vowing “zero tolerance” for insurers that blame premium increases on the new health overhaul law. In a strong letter to the insurance lobby, HHS Sec....
Oregon Clarifies Credit Scoring Re-Rating Rules
Sep 13 2010 // The Oregon Insurance Division has issued a bulletin to clarify the use of consumer credit information for personal insurance policies. According to the Department of Consumer and Business Services, Senate Bill 377 passed...
Blue Cross Leads Health Insurers in Florida
Sep 10 2010 // Florida released a report yesterday listing the market share and earnings of accident and health insurers, and Blue Cross and Blue Shield of Florida, Inc. ranked first in premiums earned, with $3.9 billion in direct...
Wind Inspectors in Louisiana Say Insurers Vary on Proof for Discounts
Sep 10 2010 // In the entire state of Louisiana, there are only 16 of them, and they want business. They are certified wind inspectors, and for $150 to $200 they say they can knock hundreds of dollars off homeowners’ annual...
Departure of Insurer from Florida Points Up Fraud Problem
Sep 9 2010 // With a letter sent out a few weeks ago, Explorer Insurance announced that it will no longer write private automobile policies in Florida because there is too much fraud. “The company is taking this action in light of...
Keystone Insurers to Enter Tennessee Market
Sep 9 2010 // Keystone Insurers Group, with more than 215 franchise partners in six states, today announced it will expand into Tennessee early next year. The privately held company is owned by its employees and partners in...
Florida’s Citizens Says Sinkhole Claims Forcing Proposed Rate Hike
Sep 8 2010 // At a hearing yesterday before the Florida Office of Insurance Regulation, Citizens Property Insurance Corp. officials blamed sinkholes as the major reason the public insurer needs a rate increase. Testifying at the public...
China to Allow Insurers to Invest in Private Equity and Real Estate
Sep 7 2010 // China will allow insurers to broaden their investment channels into private equity and real estate, a long-awaited move that could unleash as much as $100 billion worth of fresh funding into unlisted firms and the property...
6 Ways Agents Fail Their Workers’ Comp Customers
Sep 6 2010 // Like most agents, you work hard at writing new accounts, what salespeople through the years have referred to as “getting the fish in the boat.” But it doesn’t take a master angler to know that once you...
Distressed and Vacant Properties Fill a Void for Insurers
Sep 6 2010 // The vacant and distressed property segment, which was barely thought of two years ago, has been a beacon of light for insurers. This class has boomed in the past couple years as the economy has forced the closure of many...
How Katrina Changed Markets
Sep 6 2010 // Industry Came Through Five years after Hurricane Katrina lashed the coast and sunk New Orleans, it is true that the area has largely recovered, but it is not the same Gulf Coast it once was. The same is true for the...
Hurricane Katrina Changed the Market in Gulf States
Sep 6 2010 // Writing about the landfall of Hurricane Katrina five years ago, essayist Ellis Anderson of Mississippi likened the communities along the gulf to a string of pearls. “Then, in August 2005, in the course of a single...
Distressed and Vacant Properties Fill a Void for Insurers
Sep 6 2010 // The vacant and distressed property segment, which was barely thought of two years ago, has been a beacon of light for insurers. This class has boomed in the past couple of years as the economy has forced the closure of...
Top 25 Workers’ Compensation Insurers Show 34% Increase in Premium Growth
Sep 6 2010 // Results Based on Premium Growth June 30, 2010, Versus June 30, 2009 Approximately one year ago, I discussed the premium growth reported by insurers with the top 25 gains in workers’ compensation insurance premium...
E&O Insights: Insuring Contractors
Sep 6 2010 // Risks to Consider When Working With Contractors If you are running an agency, there is a pretty good chance you insure a contractor or two – whether they are your traditional artisan contractors or a class of...
Insurance Company: Dead Flowers Started Arkansas House Fire
Sep 3 2010 // A fire that did $20,000 in damages to a northeast Arkansas home wasn’t caused by an electrical problem or burning food or arson, an insurance investigator concluded. Instead, the dead plants did it, according to a...
University Study of P/C Insurers Finds Bad CEOs Can Wreck Companies
Aug 31 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 immense compensation package had nothing to do with...
Homeowners Insurance an Issue in Texas Gubernatorial Campaign
Aug 27 2010 // Former Houston Mayor Bill White, a Democrat campaigning to replace Rick Perry as governor of Texas, says homeowners insurance rates in Texas are too high and should be subject to more regulation. White says Texans pay an...
Hurricane Katrina Changed the Market in Gulf States
Aug 27 2010 // Writing about the landfall of Hurricane Katrina five years ago, essayist Ellis Anderson of Mississippi likened the communities along the gulf to a string of pearls. “Then, in August 2005, in the course of a single...
Report: Insurers Probed Over Baseball Teams’ Financial Data Leak
Aug 26 2010 // The New York Times has reported that a Major League Baseball investigation into leaked financial documents is focused on insurance companies that do business with clubs. The Times reported the companies under investigation...
