Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
It’s Time to Review Essential Procedures for Managing E&O
Nov 15 2009 // Systems, Checklists, Guidelines, Manuals Among Tools Useful in Reducing Agency Errors I have been an insurance broker since 1974. However, my principal occupation is attorney, practicing in insurance law. I have had many...
Court Halts Illinois Suspension of Medical Liability Insurer PLICA
Nov 15 2009 // A Chancery Court Judge in Cook County Illinois has halted a state insurance department order that prohibited a medical liability insurer from writing new business in the state. On Oct. 22, Illinois Director of Insurance...
Clear Insurance Policy: A Closer Look at Document Language
Nov 15 2009 // Insurance companies are taking another rhetorical beating — this time as a part of President Obama’s promotional campaign for his health care reform proposals. Now a healthy dose of professional introspection...
Sparks to Lead Texas Fire and Casualty Insurers Association
Nov 12 2009 // Craig Sparks, president of Union Standard Insurance Group in Irving, Texas, has been elected president of the Association of Fire and Casualty Companies in Texas (AFACT). Sparks, whose term as AFACT president runs for two...
Essentials: A Reminder on Managing Agency E&O Risk
Nov 11 2009 // I have been an insurance broker since 1974. However, my principal occupation is attorney, practicing in the field of insurance law. I have had many conversations with insurance agency managers, insurance agents and...
New Swiss Bonus Rules Target Big Banks and Insurers
Nov 11 2009 // Switzerland’s largest banks and insurers will have to defer the bulk of managers’ bonuses and better match pay to performance under new rules aimed at curbing risky investments. Swiss financial regulator FINMA...
Insurance Trades Cast Wary Eyes at Senate Financial Services Bill
Nov 11 2009 // Chairman Christopher Dodd (D-Conn.) of the Senate Banking Committee on Tuesday introduced a draft of the long-awaited financial services regulatory reform bill. While insurance industry representatives were quick to...
Insurer Group Objects to Proposal to Overhaul Michigan Insurance Laws
Nov 10 2009 // The Property Casualty Insurers Association of America (PCI) says the Michigan Board of State Canvassers’ approval of a petition for a ballot initiative to overhaul auto and homeowners insurance laws in the state...
Hunckler Named Vice President of State Auto Insurance Companies
Nov 9 2009 // Stephen P. Hunckler has been elected vice president by the boards of directors of Columbus, Ohio-based State Automobile Mutual Insurance Company and State Auto Property & Casualty Insurance Company. Hunckler joined...
Court Halts Illinois Suspension of Medical Liability Insurer PLICA
Nov 9 2009 // A Chancery Court Judge in Cook County Illinois has halted a state insurance department order that prohibited a medical liability insurer from writing new business in the state. On Oct. 22, Illinois Director of Insurance...
Kronenberg Touts Innovation in Partnerships, Program Manager Role
Nov 6 2009 // Tony Campisi and Bill Kronenberg used to tease each other about merging their two Pennsylvania brokerage organizations. Just about a year ago, they started talking for real. On the last day of December, 2008, the deal was...
Military Insurer USAA Expands Reach by 35 Million to All Veterans
Nov 6 2009 // Military insurance company USAA is expanding its customer base by nearly 35 million prospects by opening up eligibility for its products to all veterans who have honorably served in the U.S. Armed Forces anytime. More than...
American Empire Surplus Unveils E&O Cover for Medicare Compliance
Nov 6 2009 // Cincinnati, Ohio-based American Empire Surplus Lines Insurance Company, a member of the Great American Insurance Group, has launched an errors and omissions liability insurance product for Medicare Statutory...
New York Insurers Say No-Fault Claims are Driving Up Costs
Nov 6 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 insurance companies need to redouble efforts...
Survey: Despite Slow Growth, Carriers Still Upbeat About Program Market
Nov 5 2009 // Though fewer of them than a year ago perceive a growing market, carriers still have what must be considered an upbeat opinion of the nation’s program administrators and managing general agents marketplace in light of...
Florida State Senator Wants Clinical Trial Claims Covered
Nov 2 2009 // A powerful Florida state senator wants insurance companies and HMOs to stop denying coverage of routine medical treatment, such as doctor’s visits and X-rays, for Florida cancer patients participating in clinical...
House Health Bill Boosts FTC Authority Over Health Insurers
Nov 2 2009 // Health care legislation headed for a vote in the House would give the Federal Trade Commission authority to look into the health insurance industry at its own initiative, Democratic officials said. The FTC, which...
Forecast: Still Soft
Nov 1 2009 // Analysts Forecast Healthy Q3 Reports from Insurers promised the headline on Insurance Journal Oct.22. Reuters was reporting that third-quarter earnings reports from insurers would look a lot better than they did a year ago...
A Soft Landing
Nov 1 2009 // This soft market is likely to linger into the New Year. Analysts Forecast Healthy Q3 Reports from Insurers” promised the headline on Insurance Journal‘s Web site, www.insurancejournal.com, on Oct.22. Reuters...
Study: Workers’ Compensation Public Options Outperform Private Industry
Nov 1 2009 // State funds blunt the impact of bigger losses through concerted loss prevention efforts. An insurance industry think tank has concluded that 25 public and quasi-public workers’ compensation insurance plans perform...
