Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Washington Asks Insurers to Provide Flood Coverage
Apr 12 2010 // Washington Insurance Commissioner Mike Kreidler has asked about 200 insurers to take part in a voluntary “market assistance plan” (MAP) to help businesses in the Green River Valley find adequate flood coverage....
Arizona Aims to Privatize State Workers’ Compensation Insurer
Apr 8 2010 // The Arizona House Commerce Committee has unanimously endorsed newly proposed legislation to require State Compensation Fund of Arizona (SCF Arizona) to become a private mutual insurance company owned by its...
Florida to Shut Down Insolvent Northern Capital
Apr 8 2010 // Florida insurance officials have moved to shut down Northern Capital Insurance Co. after concluding that the firm is insolvent. The Office of Insurance Regulation (OIR) made an official request to the state’s...
Florida Gov. Crist Vows to Veto Bills Favoring Insurers
Apr 8 2010 // Gov. Charlie Crist says he will veto any legislation that raises homeowners insurance rates. “If a bill gets to my desk that favors the insurers, I will veto it,” Crist told a group of Realtors convening at the...
International Insider: Multinationals and Money Laundering
Apr 7 2010 // As the international community steps up its efforts to fight money laundering, a number of countries are now requiring insurers to obtain additional information from their customers to screen out possible bad actors. For...
U.S. to Make Trucking Firm Repeat Violators Install Electronic Recorders
Apr 6 2010 // A new federal regulation will require trucking companies that repeatedly violate driver time limits to install electronic recorders that track how long drivers are at the wheel. But the recorders will only be required for...
Why Keystone Insurers Expanded in Kentucky and Where It’s Going Next
Apr 6 2010 // Pennsylvania-based insurance agency franchisor Keystone Insurers Group has more than 200 agency owner-partners and it’s not done yet, says Colin Buzzard, Keystone’s executive vice president of sales and...
P/C Insurers Can Handle Chinese Drywall Costs, Says Moody’s
Apr 5 2010 // Property/casualty insurers are expected to continue to handle costs for defective Chinese drywall claims in the normal course of business, according to a rating analyst with Moody’s Investors Service. Losses from...
Making Continuous Coverage Auto Insurance Discount Portable Is Good for Consumers
Apr 5 2010 // The Alliance of Insurance Agents & Brokers supports Proposition 17 on the June 2010 statewide ballot because it will make the auto insurance market more competitive, offer drivers more choices and lead to lower rates...
Illinois High Court Rules Against Insurer in Underinsured Motorist Case
Apr 5 2010 // The Illinois Supreme Court has ruled that an appellate court was correct when it found that an insurance company cannot exclude occupants of an insured vehicle from underinsured motorists coverage (UIM). The high...
P/C Insurers Can Handle Chinese Drywall Costs, Says Moody’s
Apr 5 2010 // Property/casualty insurers are expected to continue to handle costs for defective Chinese drywall claims in the normal course of business, according to a rating analyst with Moody’s Investors Service. Losses from...
Pinnacol Assurance Offers Colorado $330 Million to Become Private Insurer
Apr 5 2010 // Pinnacol Assurance, Colorado’s quasi-governmental workers’ compensation insurer, has submitted a potential separation agreement to Colorado Gov. Bill Ritter that would establish Pinnacol as a domestic mutual...
When a House Is a Home… and a Museum
Apr 5 2010 // How One Insurance Agency Is Helping to Preserve Historic Homes and Businesses While other insurance agents are visiting manufacturing plants, shopping malls and office parks, Brian Phoebus hangs out in historic homes,...
Insurer’s Study Shows U.S. Refineries Plagued by Deadly Accidents
Apr 5 2010 // U.S. oil refineries have an ongoing problem with accidents that turn deadly, losing four times as much money from such incidents than refineries in the rest of the world, according to an insurance company report obtained...
Marsh to Launch Service to Gauge Insurers Financial Strength
Apr 5 2010 // A bulletin from Marsh’s London office notes that in the wake of the global financial crisis, “businesses in all parts of the world are strengthening their risk governance, including management of their...
10 Technologies with Biggest Impact on P/C Insurance Companies
Apr 5 2010 // A Stamford, Conn.-based research and consulting firm has identified 10 technologies that will have the greatest impact for the property/casualty (P/C) insurance industry. Gartner Inc. said these technologies will challenge...
Louisiana Citizens Insurance OKs 7% on Average Rate Hike
Apr 5 2010 // Homeowners who are dependent on Louisiana’s property insurer of last resort will see rates increasing by an average7 percent statewide. However, rate increases – as well as decreases – will vary widely,...
Florida Eyes Insurer Payments to Affiliates
Apr 5 2010 // Florida Gov. Charlie Crist wants the state insurance regulator to have authority to prevent excessive payments by home-based insurance companies to affiliate managing general agencies and other entities. “I’d...
Before the Storms
Apr 5 2010 // As Insurance Commissioner Kevin McCarty told the Florida Cabinet, “the marketplace still faces serious challenges.” Out of the more than 200 property insurance companies in Florida, 81 reported underwriting...
Are Special Litigation Committee Expenses Covered Costs?
Apr 5 2010 // A Recurring D&O Coverage Issue Heats Up Among perennial directors and officers insurance issues are questions whether policy coverage is available for the costs associated with special litigation committees. A Dec. 30,...
