Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Texas Releases Performance Results for Workers’ Comp Carriers
Aug 31 2009 // The Texas Department of Insurance Division of Workers’ Compensation has posted on its Web site the 2009 Performance-Based Oversight (PBO) Results for workers’ compensation insurance carriers and selected health...
Motor Carriers Hit Over Safety; Are Insurance Limits Too Low?
Aug 31 2009 // A new analysis of government data reveals that more than 28,000 motor carrier companies that operate 200,000 trucks have violated federal safety regulations. The trial bar association, the American Association for Justice...
Canada’s Insurers Urge Ontario Residents to Check Tornado Coverage
Aug 28 2009 // Canada’s home, car and business insurers have urged residents affected by tornadoes that recently tore through southern Ontario to check their homeowner’s policy and contact their insurance representative as...
Seized California Insurer Golden Eagle to Pay for Landfill Cleanup
Aug 28 2009 // The Golden Eagle Insurance Co. will pay $400,000 to cover environmental investigation costs that the insolvent BKK Corp. was required to perform at its closed hazardous waste landfill in West Covina, Calif., the U.S....
New AIG CEO Benmosche Reaches Out to Ex-CEO Greenberg
Aug 27 2009 // AIG to Hank: All is forgiven, we need your help! That is the message from Robert Benmosche, the new CEO of American International Group Inc., to Maurice “Hank” Greenberg — the man who built the company...
North Carolina Governor Signs Beach Plan Insurance Reform Bill Into Law
Aug 27 2009 // North Carolina Governor Bev Perdue has signed into law legislation to shore-up the state’s backup coastal insurer and reduce the liability of private insurers should a major catastrophe strike the state. House Bill...
Kentucky Approves Software to Help Insurers Charge Correct Premium Taxes
Aug 26 2009 // Kentucky Insurance Department has approved vendors with software that can help insurance companies comply with a new law on collecting premium taxes. The new state law (HB 524) requires insurers to use a verified...
Florida, Georgia Insurer First Commercial to Be Liquidated
Aug 26 2009 // Miami-based First Commercial Insurance Co. and its subsidiary have been declared insolvent and ordered liquidated about six weeks after being placed under state control. All policies written by FCIC and its subsidiary,...
Study: Buyers of Home, Auto Insurance Say They’re Happy with Insurers
Aug 25 2009 // Most consumers of auto and homeowners insurance seem to be happy with their insurers, says a new indsutry study. A new public opinion study by the Insurance Research Council (IRC) reported that 91 percent of respondents...
Private Health Insurance Competition Weak in Many U.S. Markets
Aug 24 2009 // One of the most widely accepted arguments against a government medical plan for the middle class is that it would quash competition — just what private insurers seem to be doing themselves in many parts of the...
Florida Workers’ Compensation Insurers Propose 6.8% Rate Cut
Aug 21 2009 // Florida workers’ compensation insurers are recommending an overall average rate decrease of 6.8 percent statewide, which state officials said would save employers more than $166 million. Florida Insurance...
Central Texas MGA Adds New Carriers for Various Product Lines
Aug 20 2009 // Tejas American General Agency (TAGA), an independent privately-owned managing general agency based in the Austin, Texas, area, has recently added three new markets – Insurors Indemnity, Gotham Insurance Company and...
Michigan Insurers Balk As Democrats Advance ‘Bad Faith’ Legislation
Aug 19 2009 // Michigan insurance companies say that so-called “bad faith” bills approved by the House Insurance Committee today are unnecessary and will open the floodgates for lawsuits against them, eventually costing...
Consumer Opinions of Car Makers, Brokerages, Banks, Health Insurers Fall
Aug 18 2009 // Unsurprisingly, the industries whose reputations have been most badly hurt in the last 12 months are car manufacturers (down 31 points), banks (down 24 points), and investment and brokerage firms (down 27 points),...
Michigan Halts Novus Surplus Lines Sales; Owner Defends Insurer
Aug 18 2009 // Michigan regulatory officials have charged an insurer and its managing general agency with fraud in the selling of surplus lines insurance. But the owner says his company that is in runoff has done nothing wrong. The...
Michigan Supreme Court Cited as Culprit in Auto Insurance Cost Hike
Aug 17 2009 // Michigan drivers will pay $20 more this fiscal year to care for accident victims who have brain damage, paralysis or other catastrophic injuries. The culprit? Not the usual suspects such as escalating health care costs or...
Insurers Pressing Oregon Landowners to Take Wildfire Prevention Measures
Aug 17 2009 // Insurance companies have begun telling some policyholders in Eastern Oregon to protect their buildings against wildfires, say industry and government officials. One Oregon Department of Forestry official said he’s...
Colorado Workers’ Compensation Insurer Pinnacol Defends Agent Perks
Aug 17 2009 // Colorado’s dominant workers compensation insurer last week defended its spending on travel and entertainment for its agents, telling Colorado lawmakers it’s good for morale and helps lower costs in the long...
Customer Satisfaction Gap Between Agency, Direct Auto Insurers Closing
Aug 17 2009 // Overall customer satisfaction with auto insurance companies is up significantly in 2009. But the gap between agency writers and direct writers may be coming closer to a “photo finish,” says the author of a new...
New Jersey Insurer Markets Auto Coverage Using Highway Art
Aug 17 2009 // New Jersey personal auto insurer Palisades is using a unique approach to market itself: an “art gallery” of 13 highway billboards across the state. The images were picked by online voting and were pared down...
