Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Florida Agents, Consumer Group Sound Alarm Over ‘Perilous’ Property Market
Jan 13 2010 // Insurance agents, a former insurance commissioner and a consumer advocate have sounded an alarm about the property insurance marketplace in Florida, a market that has seen four insurers get into financial trouble in the...
Haiti Earthquake to Cost Insurers Millions: Equecat
Jan 13 2010 // The earthquake that struck Haiti may have caused hundreds of millions of dollars in damages, according to risk assessor Eqecat, which will likely lead to losses even for insurers of well-designed buildings. Eqecat said...
Greenberg Urges U.S. Stake in AIG Below 20% to Attract Capital
Jan 12 2010 // Former AIG chief Maurice “Hank” Greenberg is campaigning for the U.S. government to cut its stake in the insurer to less than 20 percent, saying this would attract new capital to AIG and help taxpayers fully...
Keystone Insurers Group Adds 2 Agencies in Kentucky to Network
Jan 12 2010 // C.M. Moore Insurance of Bowling Green and Al Torstrick Insurance of Lexington will be the first franchises in Kentucky for Keystone Insurers Group (KIG), the nation’s sixth largest privately-held property/casualty...
Best Affirms Fireman’s Fund ‘A’ Ratings
Jan 12 2010 // A.M. Best has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Fireman’s Fund Insurance Companies, which includes Fireman’s Fund...
New York Orders Two Insurers to Reinstate 260 Policies
Jan 10 2010 // The New York State Insurance Department has ordered insurers Homesite Insurance Co. and Security Mutual Insurance Co. to reinstate 260 homeowners’ policies across the state. Regulators say the insurers improperly...
10 Ways to Make Insurance Agencies More Successful … Now
Jan 10 2010 // Insurance Agency Marketing Requires Careful Planning and Constant Implementation A revolution is underway that is having dramatic effects on insurance agencies, and the entire world. In the simplest terms, no one wants to...
People
Jan 10 2010 // Global insurance broker and risk advisor Marsh appointed Philip Gawthorpe as Multinational Client Service Practice leader for the Midwest Zone. Gawthorpe, who has more than 30 years of insurance industry experience, will...
10 Ideas for Making Insurance Agencies More Successful … Now
Jan 10 2010 // If you’re waiting for a hard market, you’ll be out of business. The revolution is underway. In the simplest terms, no one wants to do anything they don’t want to do. If this sounds overly innocent, it...
West Virginia Court Sides with Insurer on Antitrust Claim by Cancelled Agent
Jan 10 2010 // An insurance company has won a victory over one of its former West Virginia agents who claimed the insurer violated state antitrust law when it cancelled his contracts to sell its life and property/casualty products. The...
People
Jan 10 2010 // The Insurance Council of Texas (ICT) elected Craig Sparks chairman of its board of directors. Sparks has been president of the Union Standard Insurance Company in Irving since 2000. Sparks’ insurance career began the...
Louisiana Files Suit Against Surety Bond Insurer with Texas Ties
Jan 10 2010 // The Louisiana Department of Insurance filed a lawsuit in late December 2009 against Infinity Surety of Louisiana Inc., Infinity Surety Agency LLC and George D. Black (collectively, Infinity Surety) alleging the firm has...
Uneven Expectations
Jan 10 2010 // Economy to Recover in Some States Before Others The most recent reports of property/casualty insurers indicate a return to profits, thanks in large measure to a quiet hurricane season. But behind the rosy reports is a...
Health Insurers Seek Tax, Profit Changes in Health Reform Bill
Jan 8 2010 // Health insurance lobbyists are pushing lawmakers to eliminate caps on profits and other administrative spending and delay a hefty, industry-wide tax under the massive healthcare reform legislation being finalized in...
Florida Probing Cruise Customer Complaints Against Trip Insurer
Jan 8 2010 // Hundreds of people who canceled a cruise vacation booked though Florida travel agents because of illness say the insurer didn’t pay. Health News Florida reports that Florida’s Department of Financial Services...
Florida CFO Helps Customers Recover $22 Million from Insurers
Jan 8 2010 // The Department of Financial Services helped recover over $22 million for Florida’s insurance consumers in 2009, according to officials. The $22 million represents an increase from $14 million recovered in...
Louisiana Workers’ Comp Insurer Says Claims Fell 4% in 2009
Jan 8 2010 // Baton Rouge, La.-based LUBA Workers’ Comp policyholders’ claims fell more than 4 percent in 2009 compared with 2008. The company said several of the top categories of accidents dropped as well. Slips, trips and...
Insurers to Curb Agency Compensation in 2010, Consultant Study Finds
Jan 7 2010 // Total property/casualty insurance agency compensation is expected to decrease slightly in 2010, largely due to contingent commission changes, according to a new compensation study. Four out of 10 insurance companies plan...
Ohio Says Insurer Failed to Comply With New State Open Enrollment Law
Jan 7 2010 // Ohio Department of Insurance Director Mary Jo Hudson has suspended the business of Chesapeake Life Insurance Company (Chesapeake) in Ohio for failure to file premium rates and forms for open enrollment coverage in...
California Insurance Companies Respond to Terror Financing Probe
Jan 7 2010 // All 1,327 insurance companies licensed in California have responded to California Insurance Commissioner Steve Poizner’s request to provide data on their investments with companies doing business with Iran’s...
