Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Italian Auto Insurers’ Shares Could Gain from Price Increases
Feb 12 2010 // Shares in Italy’s top motor insurers could become more attractive this year because of the likely success of tariff [premium] increases in a market where rivalry from online and bank sales is still weak. Fund...
Florida Court Restricts Litigation Notice Rule Under No-Fault
Feb 11 2010 // A 2001 amendment to Florida’s no-fault law that requires insureds to notify their insurer that they intend to sue cannot be applied retroactively to policies issued before the amendment was enacted. The Florida...
California Continues To Evaluate Insurers’ Iranian Investments
Feb 11 2010 // California Insurance Commissioner Steve Poizner has released a list of 50 companies doing business in the Iranian oil and natural gas, nuclear and defense sectors, and announced that as of March 31, 2010, no investments...
Study: Agent Satisfaction Rises According to Size of Business Placed
Feb 11 2010 // The more personal lines business an agency places with a particular carrier, the more satisfaction the agency reports having with that same carrier. That’s according to a new industry study which states that insurers...
Congressmen Seek Auto Insurers’ Records on Toyota Accidents, Warnings
Feb 11 2010 // Two Congressional leaders are requesting information from five large auto insurers on accidents involving recalled Toyotas. The lawmakers have sent letters to Allstate, Farmers, GEICO, Progressive and State Farm. The...
Storm Prompts Maryland to Ask Insurers for Leniency on Cancellations
Feb 10 2010 // The Maryland Insurance Administration has issued a bulletin insurers in the state asking them to accommodate policyholders who have been impacted by last week’s massive snowstorm. Gov. Martin O’Malley declared...
Nebraska Court: Insurers Must Pay in Pollution Case
Feb 9 2010 // The Nebraska Supreme Court on Feb. 5 upheld a decision ordering two insurance companies to pay about $550,000 of the cost of cleaning up industrial contamination in Hastings. The ruling sets the standard in Nebraska for...
Insurer Pays $5 Million in Deaths of 2 Bicyclists in South Carolina
Feb 9 2010 // An insurance company is paying $5 million to settle a case of a North Carolina driver that struck and killed two bicyclists in South Carolina. The State newspaper reported that a federal judge approved the settlement for...
Massachusetts Settles With Commerce over Insurance Appeals Errors
Feb 9 2010 // Massachusetts has reached a settlement with the Bay State’s largest auto insurer, Commerce Insurance Co., over its failure to report at-fault auto accident determinations made by the state’s board of appeals,...
Accidents Involving Recalled Toyotas Still Have Coverage, Insurers Say
Feb 9 2010 // Toyota owners should place safety first and follow the car manufacturers’ instructions regarding the recalled vehicles, insurers say. After the recall of some 8 million Toyota vehicles, insurers are urging vehicle...
AIG Hires KeyCorp’s Hancock to Oversee Finance, Risk
Feb 8 2010 // American International Group Inc. is expected to hire Peter Hancock, a KeyCorp vice chairman and financial services veteran, in a newly created role, overseeing finance, risk and investments, according to two sources close...
Keystone Insurers Continues Kentucky Expansion; Adds 5 Agencies
Feb 8 2010 // Five more insurance agencies have joined the Keystone Insurers Group in Kentucky, bringing to 11 the total number of KIG agencies in the state. The latest to join are Hayes-Utley-Hedgspeth, Moore Insurance, Cambridge...
Insurance Company Says Oklahoma State Breached Contract
Feb 8 2010 // The insurance company sued by billionaire booster T. Boone Pickens and Oklahoma State University’s athletic fundraising foundation claims the university breached its contract and has no right to recover $33 million...
State Farm Says It Warned U.S. Officials About Toyota Accident Trend in 2007
Feb 8 2010 // Private insurer State Farm informed a U.S. government regulator of a worrying trend of vehicle-caused accidents involving Toyota Motor Corp. as far back as late 2007, an official at the company said. “When you start...
Dos and Don’ts of Errors and Omissions Lawsuits
Feb 7 2010 // How to Respond and React When Threatened With an E&O Suit Ask any agent who has suffered through an errors and omissions (E&O) suit, and he or she will provide sage-like insight into the professional and even...
Property Casualty Market’s Love Affair With Main Street Business
Feb 7 2010 // Why Small Business Means Big Business for Insurers and Brokers Alike Main Street business often means different things to different people, but it generally refers to small commercial establishments that would be found in...
Mississippi Homeowners Learning How Credit Score Affects Insurance Premium
Feb 5 2010 // Mississippi Gulf Coast policyholders are well aware a hurricane is guaranteed to hike insurance rates, but fewer realize their credit reports also are factored into homeowner and automobile insurance premiums. Consumers...
Oklahoma State Sues Insurance Company Over Fundraising Program
Feb 5 2010 // Billionaire booster T. Boone Pickens and the fundraising arm of Oklahoma State’s athletic department are suing a life insurance company over a program aimed at bringing in millions of dollars, the university...
Insurers Decry Overturn of Illinois Med-Mal Caps; Attorneys Praise Ruling
Feb 5 2010 // The American Bar Association says the Illinois Supreme Court was right in striking down as unconstitutional the caps on non-economic damage awards in medical malpractice cases. Insurer groups, however, say the decision...
Game Day Prediction: Pizzerias and Insurers Win on Super Bowl Sunday
Feb 5 2010 // February 7 — Super Bowl XLIV Sunday — may be the most hyped-up day of the year for football fans, and it’s also the most exciting day of the year for many pizza parlors that see record sales that day. Yet...
