Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurer Fights Payout on Illinois House That Exploded
Dec 31 2009 // An insurance company is fighting a claim on a Madison County, Ill., house that exploded last year, blaming a female occupant for the blast. Madison Mutual Insurance Co.’s lawsuit in Edwardsville asks a judge to not...
Oregon Enhances Death Benefits for Fatal Worker Injuries
Dec 30 2009 // Oregon is enhancing the death benefits available to surviving family members when a worker has a fatality, by expanding the scope of the burial benefit and doubling it to 20 times the state average weekly wage; creating a...
Captives Fuel Growth and Income for Agency Owners
Dec 30 2009 // In times like these, where the insurance industry is now in its fifth year of a soft market, the use of an agency captive insurance company can spark both revenue and profits to improve an agency’s overall financial...
Greek Anarchists Claim Insurance Company Bombing
Dec 30 2009 // A radical Greek anarchist group claimed responsibility Monday for an overnight bomb attack that damaged an insurance company headquarters in central Athens, and pledged to step up its bombing campaign. Nobody was hurt in...
Former Insurance Company Bookkeeper Pleads Guilty
Dec 30 2009 // A former Gulf Shores, Alabama insurance company bookkeeper accused of bilking homeowners out of at least $120,000 has pleaded guilty to a lesser charge of misappropriation of insurance premiums. The Press-Register reported...
Florida’s Homeowners Choice Assumes 23,000 Policies from Citizens
Dec 29 2009 // State officials have authorized a private Florida insurer to accept 23,000 policies from the state-owned insurer, Citizens Property Insurance Corp. Homeowners Choice, Inc. said the assumption of these policies represents a...
ABI Finds Trade Credit Insurers Paid ‘Record Amount’ in Q3 Claims
Dec 29 2009 // According to the latest figures compiled by the Association of British Insurers (ABI), trade credit insurers paid out a record amount in claims in the third quarter of 2009. The total amount paid in claims was £125...
Report: Deregulation Made Massachusetts Auto Insurance Market Worse
Dec 28 2009 // The deregulation of the Massachusetts auto insurance market has driven up prices, boosted insurer profits, reduced consumer protections and generally created confusion in the marketplace, according to a new report by the...
Michigan Auto Insurance Bills Stall As Senate Adjourns Without Acting
Dec 28 2009 // The Michigan Senate adjourned before Christmas without taking action on a property/casualty insurance bill package already passed by the House of Representatives. The package would, among other things, give the insurance...
Florida Insurer Magnolia Placed Under State Supervision
Dec 28 2009 // Home insurer Magnolia Insurance Co. has been placed under administrative supervision by Florida insurance regulators who said it is in unsound financial shape and its president, H. James Irl, has resigned. The Coconut...
New York Orders Two Insurers to Reinstate 260 Policies
Dec 28 2009 // The New York State Insurance Department has ordered insurers Homesite Insurance Co. and Security Mutual Insurance Co. to offer to reinstate at total of 260 homeowners’ policies across the state. Regulators say the...
Best Affirms Allstate New Jersey ‘A-‘ Ratings; Outlook Stable
Dec 23 2009 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of Allstate New Jersey Insurance Group and its members. The outlook for all...
Report Recommends Phasing Out Louisiana’s State Insurer Citizens
Dec 23 2009 // Among the many recommendations made by Louisiana’s Commission on Streamlining Government in its Dec. 14 report to the state legislature is one that would phase out the state’s property insurer of last...
Nebraska Insurers Benefit From Sen. Nelson’s Compromise
Dec 23 2009 // Nebraska – never seen as a key player with special needs in the health care debate – stands to reap millions of dollars worth of financial goodies should the Senate version of the health care bill get final...
P/C Industry’s Net Income Up; Combined Ratio at 100.7 for Q3
Dec 22 2009 // Private U.S. property/casualty insurers’ net income after taxes rose to $16.2 billion through nine-months 2009, partially recovering from the 91.2 percent decline to $4.4 billion through nine-months 2008 from $49.6...
Combined Agents Names Top 4 Insurance Company Partners
Dec 22 2009 // Austin, Texas-based Combined Agents of America LLC (CAA) reports that Central Insurance Companies, Texas Mutual Insurance Company, Travelers Insurance and The Hartford have been named the 2009 “Top Four Company...
Study: Homeowner Insurance Claimants Less Satisfied Than Auto Claimants
Dec 22 2009 // Homeowners insurance customers who file a property claim are much less satisfied with their claims experience than auto claimants, according to a new study. The satisfaction level of homeowners claimants is significantly...
S&P Revises Outlook on Credit Insurer Coface to Negative
Dec 22 2009 // Standard & Poor’s Ratings Services said today that it has revised its outlook on the core operating entities of French credit insurance group Coface to negative from stable. The core entities are: —...
Georgia Father, Son Agents Charged with Defrauding Goodwill, Insurer
Dec 21 2009 // Georgia Insurance Commissioner John W. Oxendine said two Macon insurance agents — a father and son– have been arrested after being charged with keeping premiums paid to them for auto and business liability...
What Senate Health Bill Would Do
Dec 21 2009 // A sweeping healthcare reform bill appears headed for passage in the U.S. Senate after surviving a test vote early Monday morning. The bill has been criticized by some liberals who complain that without a new government...
