Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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...
Fitch: Profits Decline for Most U.S. P/C Insurers in First-Half of 2010
Aug 26 2010 // First-half 2010 operating profits declined for most publicly traded property/casualty insurance companies that Fitch Rating follows, according to a new report. However, the $16.2 billion of aggregate net earnings reported...
6 Ways Agents Fail Their Workers’ Comp Customers
Aug 25 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...
Florida Solicits Sinkhole Data from Insurers
Aug 25 2010 // Florida’s Office of Insurance Regulation issued a data call yesterday to the commercial and residential property insurance industry in Florida to collect claims data related to sinkholes. During the 2010 Legislative...
Church Fraud Hurts Both Congregation and Insurers
Aug 24 2010 // Church music director Carva White faced the music after launching an unholy plan to burn down his house of worship for an insurance payout. White played hymns for the Sunflower Missionary Baptist Church in Leavenworth,...
Indiana’s Ritchie Insurance Joins Keystone Insurers Group
Aug 24 2010 // Muncie, Indiana-based Ritchie Insurance agency has joined Pennsylvania Keystone Insurers Group, brings Keystons’ franchise total in Indiana to 26 agencies. Ritchie, formed in 1937, is a full-service agency owned by...
Florida Insurance Department to Survey on Sinkholes
Aug 23 2010 // Starting this month, the Florida Office of Insurance Regulation is going to begin surveying Florida property insurers about their experience with sinkhole claims, in an effort to get to the bottom of the simmering...
Venezuela to Nationalize La Previsora Insurance Company
Aug 19 2010 // Venezuela’s parliament voted Wednesday to nationalize one of the country’s main insurance companies, Seguros La Previsora, which was shut by the authorities in December on suspicion of illegal activities. The...
Missouri Consumers Better Protected Against Insolvent Insurers
Aug 18 2010 // Financially strapped insurance companies in Missouri will soon face tighter oversight, thanks to a new law signed by Gov. Jay Nixon. Senate Bill 583, which takes effect Aug. 28, spells out the specific standards the...
Colorado Medical Malpractice Insurer Fined $48,400
Aug 16 2010 // Colorado’s Department of Regulatory Agencies Division of Insurance has fined Denver-based COPIC, one of the state’s largest medical professional liability insurers, following a market conduct...
North Carolina Health Insurer Cuts Jobs
Aug 16 2010 // North Carolina’s largest health insurer says it plans to lay off about 90 people as part of cost-cutting moves to prepare for the new federal health care law. The News & Observer reports Friday that Blue Cross...
