Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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...
North Carolina Insurers Oppose Change to Negligence Standard
Jun 7 2010 // North Carolina property and liability insurers are taking their case to the public to impede an effort in the Legislature to change how monetary awards are determined in negligence cases. The Insurance Federation of North...
Trains, Ships and Trucks
Jun 7 2010 // Maritime Law May Limit Compensation for Cargo Damages During the Inland Transportation Part of a Journey That Originated Overseas. In disputes regarding damage to cargo transported over land and water, it is important for...
Dealing With the Cover-Up
Jun 7 2010 // Increase in Falsified Insurance Applications Tied to Economy One of the many consequences of a tight insurance market during tough economic times is that potential insureds may have difficulty obtaining coverage if they...
Calif. Agents Could Face New CE Requirements
Jun 7 2010 // Agents, Insurer Groups Discuss Homeowners Replacement Cost Regulations California insurance agents and producers may face new continuing education requirements on estimating replacement value on homeowners insurance. The...
Study: Overall Purchase Beats Price in Auto Insurance Satisfaction
Jun 7 2010 // While price is a key motivator in the auto insurance shopping process and final purchase decision, its impact on new-buyer satisfaction has declined, compared with one year ago, according to a new industry study. The J.D....
Insurance Programs Must Work for All Involved
Jun 7 2010 // To some, a great solution; to others, a rate war triggering menace. What could that be? Well, insurance programs that have their good and bad points. There Are Several Forms of Programs A master policy covering individual...
Agents’ Top-Rated Carriers Make Fast Adjuster Contacts
Jun 7 2010 // Survey Shows the Amount of Time It Takes an Adjuster to Contact Insured Matters Most Independent agencies and their carriers perform a huge variety of tasks for policyholders when originating and servicing policies, but...
