Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Why Public Adjusters Are Not Enemies of Independent Agents
Mar 8 2010 // Here’s why working with a public adjuster can be good for an independent insurance agency and for its customers: 1. After a disaster, insureds have hundreds or even thousands of questions and worries. In a...
Insurers Urged to Keep Improvements to Medical Liability Line in Illinois
Mar 7 2010 // The consulting and actuarial firm, Milliman, reports that the Illinois Supreme Court’s overturn of caps on non-economic damages in medical liability cases will increase claim costs in that state. It’s thought...
New Florida Legislative Session Faces Familiar Problems
Mar 7 2010 // Randi Schuknecht worried that her longtime, established insurance company was about to leave Florida — and leave her without a homeowner’s policy. So she found a new insurer — one she wouldn’t have...
Insurers Restricting Coastal Exposure
Mar 7 2010 // The coastal home insurance market continues to tighten. State Farm is only writing a new homeowners policy in Mississippi if another is dropped and Allstate has stopped writing mobile homes on the South Carolina coast....
Ping An Sees No Impact on China Insurance from Prudential/AIG Deal
Mar 5 2010 // Ping An Insurance, China’s No. 2 insurer, said on Friday it was not concerned about a plan by Britain’s Prudential to buy the Asia assets of U.S. insurer AIG, the market leader among foreign insurers in...
Insurer Refuses Payment, Alleging Fire at North Carolina Inn Was Set
Mar 5 2010 // The company that insured a historic inn in western North Carolina is refusing to pay for damages from a fire, saying someone associated with the owners is responsible for the blaze. The owner has accused former employees...
No-Fault Auto Insurance Popularity Declines Due to High Medical Costs
Mar 2 2010 // No-fault automobile insurance, once seen as a way to limit court costs and lower premiums, has declined in popularity among both insurers and consumers because it largely has failed to accomplish either goal, according to...
Medicare Takes Action Against Insurance Company
Mar 2 2010 // An insurance company operating in Hawaii and 20 other states has been ordered to stop marketing and enrollment of new members to its Medicare Part D prescription drug plan. The order affecting Fox Insurance Co. of New York...
Geneva Association: ‘No Systemic Risk from Insurance Core Activities’
Feb 26 2010 // A newly published report from the Geneva Association, which analyzes the role played by “insurance in financial stability and its systemic relevance,” has concluded “that the core activities of insurers...
Celent Releases Report on French Insurance Industry
Feb 26 2010 // Boston-based consulting firm Celent (a part of Oliver Wyman) has been assessing the “subtle but important differences in how insurers from various countries” respond to the issues facing the industry. It has...
New Florida Legislative Session Faces Familiar Insurance Problems
Feb 24 2010 // Randi Schuknecht worried that her longtime, established insurance company was about to leave Florida — and leave her without a homeowner’s policy. So she found a new insurer — one she wouldn’t have...
Federal Rate Regulation Threatens Solvency, Health Insurers Warn
Feb 24 2010 // President Obama’s latest push for a health care overhaul could drive health plans around the country into insolvency, according to an insurance trade group. A plan released Monday by the White House would give the...
U.S. House Passes Repeal of Health Insurers’ Antitrust Exemption
Feb 24 2010 // The U.S. House of Representatives voted Wednesday to take a 65-year-old antitrust exemption away from health insurance companies, leaning hard on an industry that has been the focus of criticism for fast-rising rates. The...
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...
