Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurer Valiant Doubling Size of New York Headquarters
Sep 25 2009 // Specialty insurer Valiant Insurance Group announced plans to expand its New York City headquarters and relocate to a larger space in a move designed to accommodate a workforce double its current size. “Despite...
Colorado’s Pinnacol Weighed Purchase of Other Insurers
Sep 25 2009 // Documents show a state-chartered workers compensation insurer in Colorado once planned to seek permission to buy other insurance companies but later backed off. The Denver Post reported Wednesday that Pinnacol Assurance...
Report: FEMA Overpays Private Insurers for Handling Flood Insurance
Sep 24 2009 // The federal government is overpaying private insurance companies that manage flood insurance policies by as much as 16.5 percent. To just six of the 87 participating carriers, the Federal Emergency Management Agency (FEMA)...
10 Insurers Hit Century Mark
Sep 23 2009 // The National Association of Mutual Insurance Companies has welcomed 10 new members into its Century Club, recognizing them for serving policyholders for 100 years. NAMIC also recognized Bucks County Contributionship Mutual...
Insurers Honor 2 North Carolina Lawmakers for Beach Plan Bill
Sep 23 2009 // Two North Carolina state legislators have been named “State Legislators of the Year” by the National Association of Mutual Insurance Companies (NAMIC) for their efforts to pass legislation reforming the...
‘Main Street’ P/C Insurers Tell Congress They Don’t Need More Regulation
Sep 23 2009 // Home, auto and business insurers did not cause the current financial crisis, do not present systemic risk, and are already regulated effectively, a group of them is telling federal lawmakers looking at expanding financial...
Newest Florida Carrier, Prepared Insurance, Targets ‘Older’ Homes
Sep 23 2009 // Florida has given the go-ahead to a new homeowners insurance company that plans to focus on what it says is the underserved market of homes built before 2002. Prepared Insurance Co., headquartered in Tampa, intends to use...
Ohio Officials, Insurers Look to Protect Policyholder Data
Sep 23 2009 // Starting Nov. 2, 2009, Ohio regulators and all insurance companies that do business in the state will begin new procedures designed to protect policyholders’ personal information. Insurance companies will be required...
California’s Poizner Urges No Iranian Investments
Sep 22 2009 // Just ahead of Iranian President Mahmoud Ahmadinejad’s Wednesday address to the United Nations in New York, California Insurance Commissioner Steve Poizner encouraged his fellow state insurance commissioners to follow...
Report Warns Against Applying Systemic Risk Regulation to Insurers
Sep 22 2009 // Blame for the financial crisis and the near collapse of American International Group should reflect “the substantial evidence of fundamental failures in U.S. and foreign regulation of commercial banking, thrift...
White House Targets Insurers for Health Insurance Premiums
Sep 22 2009 // The White House kept insurance companies squarely in its sights Tuesday in the push for healthcare reform by releasing research showing that health insurance premiums have risen far faster than inflation in every U.S....
Rhode Island Insurer Dedicates Green Headquarters
Sep 21 2009 // A Rhode Island company says the new headquarters it’s dedicating in Johnston will be one of the greenest buildings in the state. Property insurance company FM Global says it’s applied for special green...
Healthy Feedback
Sep 21 2009 // An Iowa professor thinks using the term “health insurance” to describe typical health care policies is a bit of a misnomer because it’s become more of a cash management tool than insurance. According to...
The Coverage Conundrum in Chinese Drywall Claims
Sep 21 2009 // The Latest Mass Tort Unless you live in Florida or Louisiana, or regularly read the Insurance Journal, you may only now be hearing about the latest mass tort craze: Chinese-Manufactured Drywall (often simply referred to as...
As AIG Stabilizes, Greenberg’s Revised Bailout Under Consideration
Sep 21 2009 // Insurer American International Group Inc.’s once-desperate financial state has started to stabilize, a government agency said Monday, as an influential lawmaker said he would look at easing the terms of the...
Calif. Ballot Measure Would Make Driver ‘Persistency’ Discount Portable
Sep 21 2009 // But Consumer Group Says Insurer’s Measure Would Harm More Than Help Insureds Insurer-backed Californians for Fair Auto Insurance Rates (CalFAIR) is promoting a voter initiative that would reward drivers who have had...
Missouri: Medical Malpractice Insurers Profitable 5 Years in a Row
Sep 21 2009 // Insurance companies providing medical malpractice coverage in Missouri were profitable in 2008. It was the fifth consecutive year for positive earnings in that line of insurance, according to Missouri Department of...
California Lawmaker Wants More Green Insurance Products
Sep 21 2009 // Bill Would Require Green Products, Offer Tax Credits Even As Industry Steps Up Its Own Development A bill recently introduced in California could encourage more ecologically friendly insurance policy products, putting the...
Healthy Feedback
Sep 21 2009 // An Iowa professor thinks using the term “health insurance” to describe typical health care policies is a bit of a misnomer because it’s become more of a cash management tool than insurance. According to...
Timely Claims Reporting: A Serious Obligation for Agencies
Sep 21 2009 // In many insurance agencies, customer service representatives (CSRs) are responsible for handling claims submissions for clients. Larger agencies may have a separate claims department. Various problems can arise when the...
