Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
People
Jan 10 2010 // Global insurance broker and risk advisor Marsh appointed Philip Gawthorpe as Multinational Client Service Practice leader for the Midwest Zone. Gawthorpe, who has more than 30 years of insurance industry experience, will...
10 Ideas for Making Insurance Agencies More Successful … Now
Jan 10 2010 // If you’re waiting for a hard market, you’ll be out of business. The revolution is underway. In the simplest terms, no one wants to do anything they don’t want to do. If this sounds overly innocent, it...
West Virginia Court Sides with Insurer on Antitrust Claim by Cancelled Agent
Jan 10 2010 // An insurance company has won a victory over one of its former West Virginia agents who claimed the insurer violated state antitrust law when it cancelled his contracts to sell its life and property/casualty products. The...
People
Jan 10 2010 // The Insurance Council of Texas (ICT) elected Craig Sparks chairman of its board of directors. Sparks has been president of the Union Standard Insurance Company in Irving since 2000. Sparks’ insurance career began the...
Louisiana Files Suit Against Surety Bond Insurer with Texas Ties
Jan 10 2010 // The Louisiana Department of Insurance filed a lawsuit in late December 2009 against Infinity Surety of Louisiana Inc., Infinity Surety Agency LLC and George D. Black (collectively, Infinity Surety) alleging the firm has...
Uneven Expectations
Jan 10 2010 // Economy to Recover in Some States Before Others The most recent reports of property/casualty insurers indicate a return to profits, thanks in large measure to a quiet hurricane season. But behind the rosy reports is a...
Health Insurers Seek Tax, Profit Changes in Health Reform Bill
Jan 8 2010 // Health insurance lobbyists are pushing lawmakers to eliminate caps on profits and other administrative spending and delay a hefty, industry-wide tax under the massive healthcare reform legislation being finalized in...
Florida Probing Cruise Customer Complaints Against Trip Insurer
Jan 8 2010 // Hundreds of people who canceled a cruise vacation booked though Florida travel agents because of illness say the insurer didn’t pay. Health News Florida reports that Florida’s Department of Financial Services...
Florida CFO Helps Customers Recover $22 Million from Insurers
Jan 8 2010 // The Department of Financial Services helped recover over $22 million for Florida’s insurance consumers in 2009, according to officials. The $22 million represents an increase from $14 million recovered in...
Louisiana Workers’ Comp Insurer Says Claims Fell 4% in 2009
Jan 8 2010 // Baton Rouge, La.-based LUBA Workers’ Comp policyholders’ claims fell more than 4 percent in 2009 compared with 2008. The company said several of the top categories of accidents dropped as well. Slips, trips and...
Insurers to Curb Agency Compensation in 2010, Consultant Study Finds
Jan 7 2010 // Total property/casualty insurance agency compensation is expected to decrease slightly in 2010, largely due to contingent commission changes, according to a new compensation study. Four out of 10 insurance companies plan...
Ohio Says Insurer Failed to Comply With New State Open Enrollment Law
Jan 7 2010 // Ohio Department of Insurance Director Mary Jo Hudson has suspended the business of Chesapeake Life Insurance Company (Chesapeake) in Ohio for failure to file premium rates and forms for open enrollment coverage in...
California Insurance Companies Respond to Terror Financing Probe
Jan 7 2010 // All 1,327 insurance companies licensed in California have responded to California Insurance Commissioner Steve Poizner’s request to provide data on their investments with companies doing business with Iran’s...
Best Assigns Ratings to National Contractors Insurance Company
Jan 6 2010 // A.M. Best Co. has assigned a financial strength rating of ‘B+’ (Good) and issuer credit rating of “bbb-” to National Contractors Insurance Company, Inc., RRG (NCIC), which is headquartered in...
British Insurer Aviva Purchases Kentucky Firm
Jan 6 2010 // British insurance company Aviva PLC has agreed to buy all the shares in River Road Asset Management of Louisville, Kentucky. Aviva did not say what it is paying for the company, which has gross assets of $6 million and...
WCI Chinese Drywall Trust Files Suit Against 14 Insurers
Jan 6 2010 // The Trustee for the WCI Chinese Drywall Trust has filed suit against 14 insurance companies in U.S. District Court, Eastern District of Louisiana, seeking indemnification for losses arising from claims for the development...
Democrats Optimistic on Health Care Bill Prospect
Jan 6 2010 // House Speaker Nancy Pelosi said Tuesday she was sure Democrats in the House of Representatives and Senate would produce a final health care reform plan that would hold insurers accountable and make medical coverage...
Key Differences in Senate, House Health Bills
Jan 6 2010 // Democrats in the U.S. Congress are preparing to merge the two health care bills passed in 2009 by the Senate and House of Representatives into a single bill. This compromise bill would have to be passed by both chambers of...
Florida Peninsula to Acquire Home Insurer Edison
Jan 5 2010 // Boca Raton-based Florida Peninsula Holdings has agreed to acquire another Florida property insurer, Edison Insurance Group, including its two subsidiaries, Edison Insurance Co. and Edison Insurance Underwriters. The...
California Appeals Court Upholds Right to Challenge Insurance Rates
Jan 5 2010 // Insurance companies must pay the legal costs of consumer challenges to insurance rate increases, even if they withdraw or settle challenges to rate applications before a formal hearing on their application is called, a...
