Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Irish Financial Woes Dominate Discussion, Country’s #2 Insurer Taken Over
Mar 31 2010 // The European Insurance Forum, held in Dublin Monday and Tuesday, was dominated by the fiscal crisis that has hit Ireland particularly hard. Although the country’s insurance industry remains a bright spot in an...
Louisiana Surplus Lines Association Eyes Exemption Bill
Mar 31 2010 // One of the major bills of interest to the surplus lines industry in Louisiana during the current legilative session would clarify the exemption from rate and form filing for providers of excess and surplus insurance in...
Knowledge-Sharing Technology Could Boost Insurance Underwriter Recruiting
Mar 30 2010 // The shortage of experienced property/casualty insurance underwriters is growing as senior underwriters retire and the issue is keeping carrier executives up at night, according to an industry software provider that thinks...
Insurers Disagree With Calif. Over Divesture of Iranian Investments
Mar 29 2010 // California Insurance Commissioner Steve Poizner announced that 460 insurers have agreed in writing to a moratorium on future investments in 50 companies identified by the California Department of Insurance (CDI) to be...
P/C Insurers Can Handle Chinese Drywall Costs, Says Moody’s
Mar 26 2010 // Property/casualty insurers are expected to continue to handle costs for defective Chinese drywall claims in the normal course of business, according to a rating analyst with Moody’s Investors Service. Losses from...
Wisconsin Regulator Seizes Some of Bond Insurer Ambac’s Assets
Mar 25 2010 // State regulators are taking control of some of U.S. bond insurer Ambac Financial Group Inc.’s worst assets, the company said Thursday, in an action affecting some $35 billion of assets. Regulators in Wisconsin, where...
Florida Governor, Regulator Want Check on Insurer Payments to Affiliates
Mar 24 2010 // Florida Gov. Charlie Crist said he would like to give the state insurance regulator authority to prevent excessive payments by home-based insurance companies to affiliated managing general agencies and other...
Texas Insurer Group Awards Scholarships to Huston-Tillotson Students
Mar 24 2010 // The Insurance Council of Texas (ICT) has honored three students participating in the insurance curriculum at Huston-Tillotson University in Austin with scholarships. The 2010 ICT scholarship recipients at Huston-Tillotson...
Insurer Refunds Nearly $1M to New York Policyholders
Mar 24 2010 // Auto insurer Clarendon National Insurance Co. has refunded $992,000 to 1,227 automobile insurance policyholders the company overcharged when it improperly imposed a 30 percent rate hike, the New York State Insurance...
Insurance Agents, Carriers Make Progress in Modifying Dodd Bill
Mar 24 2010 // Insurance agents and carriers are reporting progress in their efforts to modify a proposed federal financial services regulation bill passed by the Senate Banking Committee, while risk managers have extended their support...
Terrorism Coverage in the Everyday World
Mar 22 2010 // Because of the threshold amount, many acts of domestic terrorism may not be certified. Even under the TRIA, insurers may exclude coverage for loss resulting from ‘non-certified’ acts of terrorism. After the...
Airing Out the Issues of Money Laundering
Mar 22 2010 // Multinationals Face Heightened Compliance Requirements in High Risk Countries As the international community steps up its efforts to fight money laundering, a number of countries are now requiring insurers to obtain...
8 New Markets in Response to Current Trends
Mar 22 2010 // Insurance Companies Generate New Programs to Bring in Additional Premium The last few years of the soft market have forced many carriers and agencies to get creative when it comes to bringing in additional premium. This...
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)...
