Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
West Virginia Court Sides with Insurer on Antitrust Claim by Cancelled Agent
Dec 4 2009 // 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 insurance...
New Jersey Township Faulted for Denying Private Insurer Contract
Dec 3 2009 // A New Jersey municipality cost taxpayers hundreds of thousands of dollars by awarding an insurance contract to a favored public insurance fund over the low-bid private insurer, a state audit claims. A report released by...
California’s Poizner to Subpoena Companies Over Iran Divestment
Dec 3 2009 // California’s insurance commissioner said he intends to subpoena insurance companies that did not comply with his probe of insurance companies and Iran. Commissioner Steve Poizner announced yesterday that he intends...
Washington Domestic Partner Law Goes Into Effect
Dec 3 2009 // Washington State’s new domestic partnership law goes into effect today, and that means wherever a policy says ‘spouse’ the policy must cover registered domestic partners, Insurance Commissioner Mike...
New Jersey City Considers Billing Insurers for Fire Calls
Dec 2 2009 // One New Jersey city is considering billing insurance companies for fire department services. Passaic Mayor Alex Blanco is proposing insurers pay $500 for residential fire calls and $25,000 for fires in commercial...
Michigan Debate Over Proposed Auto Insurance Changes Heats Up
Dec 2 2009 // Democratic lawmakers in Michigan are promoting proposals they say would make auto insurance more affordable and strengthen consumer protections in the state. Opponents including the insurance industry say the proposals...
Insurer Trade Group PCI Names Isler Lobbyist for Southeast
Dec 1 2009 // The Property Casualty Insurers Association of America (PCI) has named Micaela Isler as regional manager, state government relations. Isler will cover the Southeast Atlantic region which includes the District of Columbia,...
Mississippi Court Upholds Judgment Against County Due to Insurer Default
Nov 30 2009 // A $250,000 default judgment against Tippah County has been upheld by the Mississippi Supreme Court. The case was filed in 2007 by Daniel Childers of Ripley, who contended that his elbow was broken during an arrest by...
Best Downgrades Kingsway and Several Subsidiaries Ratings
Nov 25 2009 // A.M. Best Co. has downgraded the issuer credit ratings (ICR) and senior debt ratings to “ccc” from “b-” of Canadian insurer Kingsway Financial Services Inc. (KFSI) and Kingsway America Inc. (KAI),...
One Insurer Bets on Political Campaigns While Another Drops Out
Nov 24 2009 // While one company has gotten out of the business of insuring political campaigns, another is throwing its hat in the ring. Markel Risk Solutions, based in Glen Allen, Virginia, is offering campaigns a multi-line, admitted...
Louisiana Commissioner: Help Available for Victims of Chinese Drywall
Nov 24 2009 // Louisiana Commissioner of Insurance Jim Donelon says homeowners whose properties are contaminated with defective Chinese drywall and who have been covered for more than three years by their homeowners insurer have the...
Best Affirms Ratings of Assurant and Its Subsidiaries; Several Upgraded
Nov 20 2009 // A.M. Best Co. has affirmed the financial strength ratings (FSR) and issuer credit ratings (ICR) of the P/C and life/health insurance subsidiaries of Assurant, Inc. Best also affirmed the ICR of “bbb” and debt...
Best Affirms Balboa and Group Members ‘A’ Ratings
Nov 20 2009 // A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Balboa Insurance Group and its P/C members: Balboa Insurance Company...
Court: Owners of Truck in Fatal Connecticut Crash Can Sue Insurer
Nov 20 2009 // The Connecticut Supreme Court reinstated a lawsuit Wednesday brought by the owners of a dump truck involved in a fiery crash in Avon in 2005 that killed four people and injured 11 others.In its decision, the high court...
New Captive Insurer in Missouri to Focus on Foodservice Industry
Nov 20 2009 // The Missouri Department of Insurance reported that a leader in the U.S. foodservices market has become licensed as a captive insurance company, the result of a new state law making the captive formation process easier. The...
Connecticut Repair Shops Win $15 Million Against Insurer Over Appraisals
Nov 19 2009 // A Connecticut jury has awarded $15 million to automobile repair shop owners in their lawsuit accusing an affiliate of The Hartford Financial Services Group of unfair trade practices. The Stamford Superior Court jury this...
Insurance Associations Concerned on Financial Stability Improvement Act
Nov 18 2009 // In an open letter addressed to Barney Frank, the Chairman of the House of Representatives Committee on Financial Services, the largest U.S. insurance trade associations expressed their concerns over the recently passed...
‘Economic Downturns’ Make Frauds, Scams More Likely Lloyd’s Warns
Nov 17 2009 // “Economic downturns are often linked to increases in fraud and crime,” notes an article on the Lloyd’s web site (www.lloyds.com). “In desperate times people are said to be more likely to turn to...
Judge: Insurance Company Not Liable in Connecticut Murder
Nov 15 2009 // A Connecticut judge has ruled that the insurance company for a former Fairfield lawyer who killed his neighbor in 2006 won’t be responsible for any damages that could be awarded in a lawsuit filed by the...
New York Insurers Say No-Fault Claims Are Driving Up Costs
Nov 15 2009 // No-fault payments for medical claims by auto accident victims in New York have seen a dramatic increase over the last several years, one industry group says, and the state and insurers must redouble efforts to root out...
