Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Court: Owners of Truck in Fatal Connecticut Crash Can Sue Insurer
Nov 20 2009 // The Connecticut Supreme Court reinstated a lawsuit Wednesday brought by the owners of a dump truck involved in a fiery crash in Avon in 2005 that killed four people and injured 11 others.In its decision, the high court...
New Captive Insurer in Missouri to Focus on Foodservice Industry
Nov 20 2009 // The Missouri Department of Insurance reported that a leader in the U.S. foodservices market has become licensed as a captive insurance company, the result of a new state law making the captive formation process easier. The...
Connecticut Repair Shops Win $15 Million Against Insurer Over Appraisals
Nov 19 2009 // A Connecticut jury has awarded $15 million to automobile repair shop owners in their lawsuit accusing an affiliate of The Hartford Financial Services Group of unfair trade practices. The Stamford Superior Court jury this...
Insurance Associations Concerned on Financial Stability Improvement Act
Nov 18 2009 // In an open letter addressed to Barney Frank, the Chairman of the House of Representatives Committee on Financial Services, the largest U.S. insurance trade associations expressed their concerns over the recently passed...
‘Economic Downturns’ Make Frauds, Scams More Likely Lloyd’s Warns
Nov 17 2009 // “Economic downturns are often linked to increases in fraud and crime,” notes an article on the Lloyd’s web site (www.lloyds.com). “In desperate times people are said to be more likely to turn to...
Judge: Insurance Company Not Liable in Connecticut Murder
Nov 15 2009 // A Connecticut judge has ruled that the insurance company for a former Fairfield lawyer who killed his neighbor in 2006 won’t be responsible for any damages that could be awarded in a lawsuit filed by the...
New York Insurers Say No-Fault Claims Are Driving Up Costs
Nov 15 2009 // No-fault payments for medical claims by auto accident victims in New York have seen a dramatic increase over the last several years, one industry group says, and the state and insurers must redouble efforts to root out...
It’s Time to Review Essential Procedures for Managing E&O
Nov 15 2009 // Systems, Checklists, Guidelines, Manuals Among Tools Useful in Reducing Agency Errors I have been an insurance broker since 1974. However, my principal occupation is attorney, practicing in insurance law. I have had many...
Court Halts Illinois Suspension of Medical Liability Insurer PLICA
Nov 15 2009 // A Chancery Court Judge in Cook County Illinois has halted a state insurance department order that prohibited a medical liability insurer from writing new business in the state. On Oct. 22, Illinois Director of Insurance...
Clear Insurance Policy: A Closer Look at Document Language
Nov 15 2009 // Insurance companies are taking another rhetorical beating — this time as a part of President Obama’s promotional campaign for his health care reform proposals. Now a healthy dose of professional introspection...
Sparks to Lead Texas Fire and Casualty Insurers Association
Nov 12 2009 // Craig Sparks, president of Union Standard Insurance Group in Irving, Texas, has been elected president of the Association of Fire and Casualty Companies in Texas (AFACT). Sparks, whose term as AFACT president runs for two...
Essentials: A Reminder on Managing Agency E&O Risk
Nov 11 2009 // I have been an insurance broker since 1974. However, my principal occupation is attorney, practicing in the field of insurance law. I have had many conversations with insurance agency managers, insurance agents and...
New Swiss Bonus Rules Target Big Banks and Insurers
Nov 11 2009 // Switzerland’s largest banks and insurers will have to defer the bulk of managers’ bonuses and better match pay to performance under new rules aimed at curbing risky investments. Swiss financial regulator FINMA...
Insurance Trades Cast Wary Eyes at Senate Financial Services Bill
Nov 11 2009 // Chairman Christopher Dodd (D-Conn.) of the Senate Banking Committee on Tuesday introduced a draft of the long-awaited financial services regulatory reform bill. While insurance industry representatives were quick to...
Insurer Group Objects to Proposal to Overhaul Michigan Insurance Laws
Nov 10 2009 // The Property Casualty Insurers Association of America (PCI) says the Michigan Board of State Canvassers’ approval of a petition for a ballot initiative to overhaul auto and homeowners insurance laws in the state...
Hunckler Named Vice President of State Auto Insurance Companies
Nov 9 2009 // Stephen P. Hunckler has been elected vice president by the boards of directors of Columbus, Ohio-based State Automobile Mutual Insurance Company and State Auto Property & Casualty Insurance Company. Hunckler joined...
Court Halts Illinois Suspension of Medical Liability Insurer PLICA
Nov 9 2009 // A Chancery Court Judge in Cook County Illinois has halted a state insurance department order that prohibited a medical liability insurer from writing new business in the state. On Oct. 22, Illinois Director of Insurance...
Kronenberg Touts Innovation in Partnerships, Program Manager Role
Nov 6 2009 // Tony Campisi and Bill Kronenberg used to tease each other about merging their two Pennsylvania brokerage organizations. Just about a year ago, they started talking for real. On the last day of December, 2008, the deal was...
Military Insurer USAA Expands Reach by 35 Million to All Veterans
Nov 6 2009 // Military insurance company USAA is expanding its customer base by nearly 35 million prospects by opening up eligibility for its products to all veterans who have honorably served in the U.S. Armed Forces anytime. More than...
American Empire Surplus Unveils E&O Cover for Medicare Compliance
Nov 6 2009 // Cincinnati, Ohio-based American Empire Surplus Lines Insurance Company, a member of the Great American Insurance Group, has launched an errors and omissions liability insurance product for Medicare Statutory...
