Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Perfect Storm Brings Opportunities in Covering Health Care Providers
Apr 19 2010 // Health Care Reform Opens Doors for New Exposures and Markets Those in the business of providing liability coverage to doctors, nurses and other health care professionals, may have just found themselves in a perfect storm...
Some Health Insurers Shifting Costs Ahead of New Loss Ratio Mandate
Apr 19 2010 // Some of the largest U.S. health insurers are changing their accounting practices to book administration costs as medical costs in an attempt to circumvent new industry reforms, according to a recent U.S. Senate...
Lockton: Soft Market Pricing Continues to Benefit Insurance Buyers
Apr 19 2010 // Commercial insurance buyers continue to benefit from lower prices and steady or increasing insurance capacity in property/casualty markets, reports the nation’s largest insurance broker. In its newly published...
Keystone Insurers’ Kentucky Derby and Where It’s Going Next
Apr 19 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...
How Agency Helps Preserve Historic Homes, Business Districts
Apr 16 2010 // While other insurance agents are visiting manufacturing plants, shopping malls and office parks, Brian Phoebus is hanging out in historic homes, renovated museums, art galleries and performing arts theaters. His haunts...
Insurer Wins Appeal in Lead-Contaminated Chinese Toy Case
Apr 16 2010 // A federal appeals court has ruled that an insurance company has no duty to defend against class action lawsuits filed in Illinois targeting the company’s insured, a Chinese manufacturer of toys sold in the United...
European Insurers Expect Little Hit from Volcano Fallout
Apr 16 2010 // Airlines which stand to lose millions of euros from a cloud of Icelandic volcanic ash disrupting flights and closing airports across northern Europe are expected to have little recourse to recoup losses from insurance...
Insurers’ Group Comments on End of Sessions in Maine, Maryland
Apr 15 2010 // The American Insurance Association (AIA) says the P/C industry made some positive legislative steps in Maine and Maryland this year, although the trade group says it was disappointed with a Maryland law that will raise the...
P/C Industry’s Net Income Up $25B in 2009; Combined Ratio Improves
Apr 15 2010 // The U.S. property/casualty industry’s profitability as measured by their rate of return on average policyholders’ surplus (or statutory net worth) increased by 5.8 percent in 2009, while private P/C...
Insurance Industry Urged to Explore Alternatives to Credit Scoring
Apr 14 2010 // With the use of credit scoring still under attack, the insurance industry would be wise to consider new ways to assess risk, according to an industry actuary. Roosevelt Mosley, a principal with Pinnacle Actuarial Resources...
Florida Chief McCarty: Facts, Not Fear, Should Guide Insurance Debate
Apr 12 2010 // Florida Insurance Commissioner Kevin McCarty sent a letter to the state’s media outlets on April 9 regarding the current property insurance system and what should be done to improve it. In it, he says the exodus of...
Olympus Is Latest Insurer Under Scrutiny by Florida Regulators
Apr 12 2010 // Another young Florida property insurance company is in trouble with state regulators and could lose its license if it does not cut back on business, boost its reinsurance and explain some if its accounting. Olympus...
Crop Reinsurers’ Profit Could Fall 30% Under USDA Changes, Says Aon
Apr 12 2010 // Proposed cuts in the agreement crop insurers have with the federal government would likely reduce reinsurers’ expected profit by 20 to 30 percent, which could lead to some companies withdrawing from the program or...
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...
