Latest Carriers Headlines

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

2 West Virginia County Agencies Drop Insurer BrickStreet

Jun 21 2010 // Two Kanawha County agencies have decided not to use a state-created insurance program for workers’ compensation coverage. Both have told BrickStreet Mutual Insurance Co. that its proposed rates have prompted them to...

Wisconsin Court: Insurers Must Help With Fox River Paper Mill Cleanup

Jun 21 2010 // Two companies that once insured Appleton Papers Inc. are liable for $10 million toward the cleanup of the Fox River after a court decision on June 8, the firm’s lawyer said. Attorney Ron Ragatz says the ruling by the...

Oil Rig Tragedies Shock Insurers, Destabilize Market, Says Willis

Jun 21 2010 // The U.S. Deepwater Horizon and Venezuelan Aban Pearl drilling rig losses have left upstream energy insurers with an unprecedented bill of $795 million within the space of a single month, destabilizing the market and...

MGAs Key to Florida’s Property Market, Say Officials, Execs

Jun 21 2010 // Several of Florida’s insurers with affiliated managing general agencies (MGAs) have come in for criticism recently but there is no widespread problem with the MGA model, regulators and insurance executives agree. In...

FAIA’s Grady: Florida Needs to Improve Its Insurance Reputation

Jun 21 2010 // The following are excerpts from a wide-ranging interview by Insurance Journal’s Andy Simpson with Jeff Grady, president and CEO, Florida Association of Insurance Agents, from Grady’s Tallahassee...

Maximize Your Book with Personal Umbrellas

Jun 21 2010 // Plus 5 Simple Steps to Follow When Writing Coverage Do your insureds live in a house? Do they drive? Do they entertain? Do they have boats, motorcycles or other toys? Do they have rental property? Of course they do and...

How to COPE with Apartments

Jun 21 2010 // COPE is generally associated with property underwriting rather than as a risk class-based underwriting acronym. However, the traditional use and definition of COPE can be broadened to highlight the top concerns of...

Strong Brand Leads List of Critical Marketing Factors for Agents

Jun 17 2010 // Carrier marketing support matters to independent agents — and having a strong carrier brand is considered especially important. High brand recognition matters more to agents handling personal lines, but is also...

Texas Work Comp Enforcements Include Suspensions, Insurer Fines

Jun 16 2010 // Final disciplinary actions taken in March and April by the Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC) include removal of providers from Designated Doctors list and insurance company...

Oklahoma Calls on Insurers to Renew Policyholders After Storms

Jun 14 2010 // Recent storms throughout Oklahoma caused a tremendous amount of property damage and the Oklahoma Insurance Department says some insurers have been, or currently are, issuing nonrenewal notices to many of their insured....

Data Shows Med Mal Indemnity Payments in Connecticut Fell

Jun 10 2010 // Fewer than half of the medical malpractice claims settled by Connecticut insurers over the last four years resulted in payments to patients, and the average size of those payments fell last year, according a new report by...

Wisconsin Court: Insurers Must Help With Fox River Paper Mill Cleanup

Jun 10 2010 // Two companies that once insured Appleton Papers Inc. are liable for $10 million toward the cleanup of the Fox River after a court decision on June 8, the firm’s lawyer said. The 2-1 ruling by the Wisconsin Court of...

Let Michigan Insurance Consumers Tailor Auto Coverage

Jun 10 2010 // Imagine you live in a town where anyone who dines out is required to buy a $200 bottle of champagne with their meal. That sounds crazy, but it is essentially what is happening to insurers in Michigan, where they are...

Olympus Insurance Cleared by Florida Regulators

Jun 10 2010 // Home and condominium insurer Olympus Insurance Co., which in April came under scrutiny by Florida insurance regulators, has convinced the regulators that its financial contracts, accounting methods, reinsurance program and...

Georgia to Allow Failed Insurers’ Clients to Buy Into Insolvency Pool

Jun 9 2010 // Georgia Gov. Sonny Perdue has signed into law a bill allowing employers whose previous workers compensation carrier goes out of business to pay into the insolvency pool to cover injured workers’ claims. The law has...

Insurers Worry EU Could Extend Bank Levy to Other Financial Firms

Jun 8 2010 // The European Union could extend a planned levy beyond banks to other financial services firms, according to a report outlining the bloc’s message to G20 leaders who meet soon to tackle reform of the industry. The...

Massachusetts AG Wants New Regulations for Insurers, Agents

Jun 7 2010 // Massachusetts Attorney General Martha Coakley is proposing new regulations that she says will rein in sales and underwriting practices for auto insurers and agents in the state. The regulations come in response to a report...

Former Vice President at Rhode Island Insurer Acquitted

Jun 7 2010 // A former executive at Rhode Island’s dominant workers’ compensation insurer was acquitted last month on a charge that he deceived state regulators about companies that were receiving discounted...

Ohio Revokes Insurers’ Licenses

Jun 7 2010 // The Ohio Department of Insurance has revoked the licenses of two troubled insurance companies: Imperial Casualty and Indemnity Co. of Oklahoma City, Okla., and Atlantic Mutual Insurance Co. (AMIC) of New York, N.Y. In...

Florida Insurers Head Into Hurricane Season with Fingers Crossed

Jun 7 2010 // Florida’s property insurance companies haven’t suffered hurricane losses for nearly five years, but many claim to be losing money even while collecting hefty premiums. It’s a complex paradigm for almost...