Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Washington Fined Insurers More Than $400,000 in 2009
Feb 23 2010 // Washington state insurance commissioner Mike Kreidler issued more than $400,000 in fines in 2009, as well as revoking the licenses of several insurance agents, the Office of the Insurance Commissioner...
Keystone Insurers Adds Peel & Holland Agency in Kentucky
Feb 23 2010 // Peel & Holland Financial Group, based in Benton, Ky., has become the newest Kentucky partner within Keystone Insurers Group (KIG), the nation’s sixth largest privately-held property/casualty agency. Peel &...
Illinois Urges Continued Competition, Lower Rates in Medical Liability Line
Feb 23 2010 // The Illinois Department of Insurance reported it has observed increased competition and 10 percent decrease in premium paid in the medical malpractice line of insurance since reforms were enacted in 2005. The Department of...
Obama Backs Repeal of Health Insurers’ Antitrust Exemption
Feb 23 2010 // The Obama administration on Tuesday threw its weight behind a bid to repeal an anti-trust exemption protecting health insurers, keeping the industry in its crosshairs as it prepares to host a bipartisan summit on revamping...
Colorado Bills Could Increase Insurance Costs for Consumers
Feb 22 2010 // Several bills up for hearings this week in the Colorado legislature that are being pushed by the Colorado Trial Bar are likely to contribute to frivolous lawsuits that drive up insurance costs for consumers, according to...
Florida Insurer Citizens Finds Inequities in Homeowner Discounts
Feb 22 2010 // Recent policyholder inspections by Citizens Property Insurance Corp. found some homeowners are getting more of a discount for fortifying their homes than they are eligible for. The state-backed insurer looked at 452...
Hanover to Exit Louisiana Homeowners Market, Then Re-Enter
Feb 22 2010 // In a move he says will prevent the addition of policies into Louisiana Citizens Property Insurance Corporation’s book of business, Louisiana Insurance Commissioner Jim Donelon has approved an agreement with The...
Medical Malpractice Excluded from Health Insurers’ Antitrust Legislation
Feb 22 2010 // Free-standing legislation introduced by Reps. Betsy Markey of Colorado and Thomas Perriello of Virginia to amend the McCarran-Ferguson Act for health insurers no longer includes text to remove the limited antitrust...
Mississippi Homeowners Learning Credit Score Link to Insurance
Feb 21 2010 // Mississippi Gulf Coast policyholders are well aware a hurricane is guaranteed to hike insurance rates, but fewer realize their credit reports also are factored into homeowner and automobile insurance premiums. Consumers...
Private Crop Insurers Oppose Funding Cuts
Feb 21 2010 // The private crop insurance industry is blasting a proposed restructuring in the crop insurance program it says would cut $4 billion — or $800 million a year — over the next five years. The proposal by the U.S....
California Evaluates Continuous Coverage Discount
Feb 21 2010 // A California voter initiative that will appear on the June 8, 2010, ballot aimed at rewarding drivers who have had insurance for some time to be eligible for a “persistency discount,” even if they change...
Nevada Reminds Producers, Insurers of New Insurance Card Law
Feb 21 2010 // Starting February 1, Nevada motorists are required to present proof of insurance at the Department of Motor Vehicles when registering a vehicle for the first time. To assist Nevadans who might not be aware of this new...
Dispelling the Myth That Wholesalers Add Cost
Feb 21 2010 // Your current retail broker is using a wholesaler and it’s adding to the cost of business. We can reduce your costs by eliminating the wholesaler.” How many times have retail agents and brokers said this when...
European Insurers Increase Payouts, as Capital Recovers
Feb 19 2010 // Two leading European insurers on Thursday unveiled big dividend increases, confirming a sector-wide trend as the industry takes comfort from a steady recovery in its capital strength since the crisis. AXA, Europe’s...
The Cincinnati Insurance Companies Ratings Affirmed
Feb 19 2010 // A.M. Best Co. has affirmed the financial strength rating (FSR) of A+ (Superior) and issuer credit rating (ICR) of “aa” of The Cincinnati Insurance Companies (CIC) and its standard market property/casualty...
Washington Proposal to Ban Insurers’ Use of Credit Scores Stalls
Feb 18 2010 // Washington insurers can continue to use credit scores when rating and underwriting insurance, at least for the time being. Washington Senate Bill 6252, which would have banned credit-based insurance scores, failed to come...
Medical Malpractice Insurers Could Keep Antitrust Protection
Feb 18 2010 // Democrats appear to be removing medical malpractice insurers from a bill to eliminate the antitrust exemption for health insurers in the McCarran-Ferguson Act. According to Politico.com, Democratic aides in the House said...
Hawaii Approves Lincoln Financial Group as Temporary Disability Insurer
Feb 17 2010 // The Group Protection segment of Lincoln National Corp. announced its expansion of state-mandated disability insurance into Hawaii (called temporary disability insurance or TDI in Hawaii). The state of Hawaii requires...
Michigan Requires Insurers to File All Personal Lines Insurance Forms
Feb 17 2010 // Michigan’s insurance regulator is requiring insurance companies to get state approval for any changes to personal lines insurance forms before they use them Office of Financial and Insurance Regulation Commissioner...
Massachusetts Settles with Five Auto Insurers over Unreported Appeals
Feb 17 2010 // Five more auto insurers in Massachusetts have reached settlements with the state’s attorney general over their failure to update at-fault accident information for drivers whom they insure. The companies involved in...
