Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
White Mountains Re to Buy Troubled Nebraska-Based Insurer
Jan 22 2010 // White Mountains Re Ltd., a wholly owned subsidiary of White Mountains Insurance Group Ltd. has agreed to acquire Central National Insurance Company of Omaha, Neb., from Drum Financial Corporation. In runoff since 1989,...
West Virginia Eyes Lien on Fire Insurance to Fight Abandoned Buildings
Jan 21 2010 // West Virginia may be on the path to helping municipalities pay for debris removal of abandoned buildings with insurance payments in a way that insurers can live with. The issue of how to pay for the cleanup has irked...
Washington Commissioner, Insurers Debate Credit Scoring Use
Jan 21 2010 // Washington Insurance Commissioner Mike Kreidler is seeking to prohibit the use of credit history, education and income for rating and underwriting personal insurance — the effect of which would likely result in...
Virginia County Wants Insurers to Pay for Ambulance Services
Jan 21 2010 // The Board of County Supervisors in Prince William County, Virginia is considering raising the cost of an ambulance trip. The board on Tuesday moved forward with a plan to have insurance companies pay between $400 and $700...
Former Insurance Co. Employee Sentenced for Stealing from Carrier, Agents
Jan 21 2010 // Mark Camacho, 41, of Cedar Hill, Texas, a former employee of Americo Life Insurance Co., was sentenced in federal court for stealing more than $900,000 from the carrier and its agents’ commission accounts. Chief U.S....
S&P:No Downgrades for Financials, Insurers from Japan Airlines Bankruptcy
Jan 21 2010 // Standard & Poor’s Ratings Services stated that its ratings on Japan’s financial institutions and insurance companies “would be unaffected by the debt forgiveness requested by Japan Airlines Corp....
Swiss Re in $1.268 Billion Deal with Berkshire Hathaway Life Insurer
Jan 19 2010 // Swiss Re has concluded an agreement with Berkshire Hathaway Life Insurance Company of Nebraska to cede, a “closed block of yearly renewable term individual life reinsurance business, written prior to 2004.” The...
Entergy, Insurers File Second Suit Against Corps Over Katrina Flooding
Jan 19 2010 // Entergy Corp. has filed a second suit against the Army Corps of Engineers over flooding that followed Hurricane Katrina, leaving behind hundreds of millions of dollars to power systems and higher rates for hundreds of...
Florida Workers’ Comp Insurer SUNZ Buys Tennessee’s Brentwood National
Jan 15 2010 // SUNZ Insurance Co. of St. Petersburg, Fla. reported it has acquired Brentwood National Insurance Co. of Brentwood, Tenn., a workers’ compensation services and claims firm. SUNZ sells workers’ compensation...
West Virginia Workers Compensation Insurer BrickStreet Approved in Illinois
Jan 15 2010 // West Virginia-based BrickStreet Mutual Insurance said it has been approved to begin writing workers’ compensation insurance in Illinois. The move continues an expansion drive for the company, which was approved to...
Georgia Estimates Snow, Ice Storm to Cost Insurers $25 Million
Jan 14 2010 // Georgia Insurance Commissioner John Oxendine said that insured losses in North Georgia from the recent snow and ice storm are estimated to be about $25 million. The estimate includes damage to cars as well as homes and...
Insurers Group Sues State of New York
Jan 14 2010 // A trade group for insurers in New York is suing the state, claiming lawmakers are illegally using assessments paid by insurers to fund unrelated state activities. At issue is the state’s use of the so-called...
Oregon Law Gives Consumers More Vehicle Information When Car is Totaled
Jan 13 2010 // The Oregon Department of Consumer and Business Services is reminding insurance agents and residents that they have new rights if their vehicle is totaled in an accident. New rights when your car is totaled House Bill 2190...
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...
