Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Businesses Going Green
Mar 22 2010 // Green Building Features Left Exposed Under Traditional Commercial Property Policies With the U.S. Green Building Council forecasting growth in the green building market to double between now and 2013, agents and brokers...
Illinois Supreme Court Rules Against Insurer in Underinsured Motorist Case
Mar 22 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...
Illinois Outlines Expected Changes Resulting from Health Insurance Reform
Mar 22 2010 // The Illinois Department of Insurance has developed a “Top Ten” list of changes to the performance, transparency and accountability of health insurers and health insurance products in Illinois expected to result...
Florida CFO Sink Wants Data on Troubled Property Insurers
Mar 22 2010 // Florida insurance regulators have notified a Jacksonville-based insurer that it has until the end of the month to comply with solvency requirements to avoid suspension or losing its license. The warning to Southern Oak...
Pinnacol Assurance Offers Colorado $330 Million to Become Private Insurer
Mar 19 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...
P/C Executives to Dodd: Don’t Shift Risky Firms’ Costs to Insurers
Mar 19 2010 // Property/casualty insurance companies, which already pay into state guaranty funds to backup claims of their insolvent peers, don’t want to have to also pay into a federal fund to cover failures of larger and riskier...
Insurer Group Says Push to Abolish Louisiana Citizens Is Misguided
Mar 19 2010 // A representative from the insurer trade group, the American Insurance Association (AIA), testified before a Louisiana legislative panel that efforts to abolish Louisiana Citizens Property Insurance Corporation (Citizens)...
Demotech Actuaries Offer Guidance on Florida Insurers’ Financial Ratings
Mar 18 2010 // The actuarial services firm, Demotech, which rates most of Florida’s newer and smaller domestic property insurers, has published a position paper outlining its approach to its carrier Financial Stability Ratings and...
Big EU Insurers Pass Stress Tests
Mar 17 2010 // Europe’s insurers are able to withstand even a major financial crisis, an EU watchdog said on Tuesday, boosting industry hopes for less onerous regulation. EU insurance watchdog CEIOPS, (the Committee of European...
Best Affirms Ratings of Farmers Insurance Group and Members
Mar 17 2010 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Farmers Insurance Group and its members. Best also affirmed the debt...
Insurer Group Wants South Dakota Governor to Veto Subrogation Bill
Mar 17 2010 // The Property Casualty Insurers Association of America (PCI) has requested that South Dakota Governor Mike Rounds veto Senate Bill 169, which PCI says will increase litigation costs and cause higher insurance premiums for...
Best Affirms Chubb Group and Subsidiaries ‘A++’ Ratings
Mar 17 2010 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+” of the Chubb Group of Insurance Companies and its P/C members. Best also...
Sarasota HeraldTribune: How Florida Insurers Make Millions on the Side
Mar 16 2010 // The Sarasota HeraldTribune, as part of its series on the property insurance market in Florida, has reported that half of the state’s insurers are making money not from insuring homes but by diverting premiums into...
Report: Calif. Workers’ Comp Insurance Market Still Needs Improvement
Mar 16 2010 // California workers’ compensation claims and disability costs have dropped significantly since the state’s workers’ compensation system was overhauled in 2003 and 2004. Yet “many of the same...
Property/Casualty Insurers Have Issues with Dodd Financial Reform Bill
Mar 16 2010 // Even though they are largely excluded from the federal financial regulatory overhaul proposed in the Senate, property/casualty insurers say there are some elements they fear could negatively affect them and their...
Calif. Workers’ Comp Insurer Records $143 Million Net Income for 2009
Mar 12 2010 // The California State Compensation Insurance Fund, reported it ended 2009 with $1.25 billion in net premium earned, and $143 million in net income, compared with $75 million in net income earned in 2008, Doug Stewart,...
Arkansas Suspends License of 2 New York-based Insurers
Mar 12 2010 // Arkansas Insurance Commissioner Jay Bradford on March 11 suspended the certificates of authority to conduct insurance business of two New York domiciled property and casualty insurance companies: Centennial Insurance...
Measure to Privatize Oklahoma’s Compsource Dead for the Year
Mar 12 2010 // The author of legislation authorizing the sale of Oklahoma’s workers’ compensation insurance agency said he does not have enough votes to pass it in the state House and that the bill appears dead for the...
Best Affirms American Modern Insurance Group Ratings
Mar 12 2010 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of American Modern Insurance Group of Amelia, Ohio and its...
New York’s ‘Ground Zero’ Workers Reach Settlement with Insurer
Mar 12 2010 // Thousands of workers who suffered health problems after the Sept. 11 attacks in 2001 have reached a settlement worth up to $657.5 million with an insurer representing the city of New York, city officials and lawyers said...
