Latest Carriers Headlines

All the headlines from our Carriers Topic Page, ordered by recency.

Insurers Await Report on Japanese Tanker Attack

Aug 9 2010 // A suspected militant strike on a Japanese-owned tanker illustrates how vulnerable merchant ships are to attack on the high seas with navies stretched fighting Somali piracy, analysts and shipping sources said on...

U.S. Captive Insurers’ Underwriting Income Drops; Investments Improve

Aug 9 2010 // Net income doubled in 2009 over 2008 for a composite of 195 U.S. captive insurers followed by A.M. Best Co., driven by the recovery of the industry’s investments. Realized capital gains totaled $82 million for 2009,...

Keystone Insurers Group Adds Miller & Miller as 23rd Ohio Partner

Aug 9 2010 // Keystone Insurers Group’s newest Ohio partner, Miller & Miller Inc., of Dover, has become the group’s 23rd agency in Ohio and one of 212 independent agencies in six states that comprise and own...

Massachusetts Agents Score Policy Ownership Victory

Aug 6 2010 // Massachusetts insurance agents scored a victory this week as the state’s governor signed a new law allowing them to keep their rights to clients’ expiring auto policies — a move sought by agents since the...

Calif. Imposes Regulations To Prevent Illegal Insurance Recissions

Aug 6 2010 // California Insurance Commissioner Steve Poizner has imposed regulations designed to combat illegal rescissions. The rules take effect on August 18. Currently, health insurers may only rescind policies under very specific,...

European Insurer Groups Weather Storm, Oil Claims But Outlook Cloudy

Aug 5 2010 // Major European insurance groups weathered a slew of damage claims for storms and the collapse of the Deepwater Horizon oil rig to post stronger-than-expected half-year earnings on Wednesday. But prospects for the rest of...

Texas Commissioner Orders $551K in Fines and Restitution in June

Aug 5 2010 // Enforcement actions taken by Texas Insurance Commissioner Mike Geeslin that became final during June 2010 included four license revocations, three license denials, and fines and restitution totaling $551,012. Copies of...

Investors Seek Oil Firms’ Safety Plans, Insurers’ Underwriting Plans

Aug 5 2010 // In the wake of the BP oil disaster, more than 50 U.S. and other environmentally-active global investors have sent letters to major energy companies asking them to disclose information on their spill prevention and response...

European Life Insurers Hope Accounting Change Will Woo Investors

Aug 4 2010 // British life insurers reporting half-year results this month plan to simplify their notoriously complex financial statements in a move that could lift their flagging shares. Standard Life, Britain’s fourth-biggest...

Florida Home Insurer Royal Palm Asks for 22% Increase

Aug 4 2010 // Royal Palm Insurance Co. is having a hearing before the Florida Office of Insurance Regulation to discuss its proposed rate hike for its dwelling/fire line of insurance. Royal Palm’s proposed, statewide average, rate...

Japan Tanker: Al Qaeda Claims Responsibility; Insurers Monitor Events

Aug 4 2010 // A militant group linked to al Qaeda said on Wednesday that a suicide bomber was responsible for a mysterious explosion on a Japanese-owned oil tanker a week ago near the Strait of Hormuz. But analysts are sceptical about...

Customers Significantly Less Satisfied With Auto Insurance Companies

Aug 3 2010 // After peaking in 2009, overall customer satisfaction with insurance companies has declined significantly in 2010, largely because of price, according to the J.D. Power and Associates “2010 U.S. National Auto...

Senate Eyes Guaranteed Lump Sum Benefit for U.S. Soldiers, Workers

Aug 2 2010 // Senator Charles Schumer, D- N.Y., said on Sunday he is drafting legislation that would require U.S. government agencies to guarantee that families of deceased soldiers and other federal workers receive lump-sum payments of...

Insurers Report Rise in Questionable Claims Led By Hail, Auto Glass

Aug 2 2010 // Property/casualty insurance companies are reporting that the number of claims requiring more scrutiny than normal rose again in the first half of this year compared to 2009. The National Insurance Crime Bureau’s...

Towers Watson: Gulf Oil Spill not a Major Event for P/C Insurers

Aug 2 2010 // The Deepwater Horizon disaster in the Gulf of Mexico will not be a major event for the property/casualty insurance industry, but it may spur tightening of insurance terms and prices in the energy sector, according to...

2010: A Revolutionary Year for Truckers Insurance

Aug 2 2010 // The year 2010 might be considered revolutionary, as it is ushering in more changes for those who provide insurance for truckers than the industry has seen in a decade. Motor carriers, defined as anyone who uses a vehicle...

Risk Managers Not Satisfied With U.S. Insurance Providers’ Service

Aug 2 2010 // Corporate risk managers report a serious and growing disconnect between themselves and their insurance brokers and carriers. At a time when U.S. companies are enhancing internal risk management capabilities and elevating...

Risk Managers Not Satisfied With U.S. Insurance Providers’ Service

Aug 2 2010 // Corporate risk managers report a serious and growing disconnect between themselves and their insurance brokers and carriers. At a time when U.S. companies are enhancing internal risk management capabilities and elevating...

Distressed and Vacant Properties Fill a Void for Insurers

Aug 2 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...

No-Fault Auto Insurance Popularity Declines

Aug 2 2010 // RAND Study Shows Coverage Fails to Limit Court Costs, Lower Premiums No-fault automobile insurance, once seen as a way to limit court costs and lower premiums, has declined in popularity among both insurers and consumers...