Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
North Carolina Beach Plan Reforms Attract AAA Home Insurer
Aug 14 2009 // North Carolina Insurance Commissioner Wayne Goodwin said today, just one week after the General Assembly passed reforms to the state’s coastal insurance plan, that the insurance company for AAA Carolinas will begin...
Three Commercial Property Endorsements Every Client Should Have
Aug 13 2009 // Several weeks ago, MyNewMarkets.com posted a two-part series regarding coverage gaps and selling to those gaps. “Gaps That Sell” and “Three Homeowners’ Policy Gaps that Sell” detailed the...
Insurer to Pay Final $800K for Toxic Cleanup of Tacoma Tide Flats
Aug 13 2009 // The Washington Department of Ecology is receiving $800,000 from a settlement agreement, which will be used to advance cleanup of the former Lilyblad Petroleum site on the Tacoma tide flats. Ecology is one of three parties...
Florida CFO Miffed at Insurance Commissioner Over Insurer Report
Aug 13 2009 // Florida’s chief financial officer had some harsh words for the state’s top insurance regulator. CFO Alex Sink told Insurance Commissioner Kevin McCarty that she was insulted that a report in response to a...
Florida Insurance Agents Say State’s Home Mitigation Effort Is Failing
Aug 13 2009 // Florida’s efforts to encourage homeowners to harden their homes to better withstand big storms by giving them insurance premium discounts is not getting the job done, according to a report from insurance agents in...
Court: Insurer Must Pay Massachusetts for Bonded Thefts
Aug 13 2009 // The Massachusetts Appeals Court has ruled an insurance company must pay the government for its remaining losses from a $9.4 million theft from the Treasury in the late 1990s. The theft remains the largest loss of state...
Car Dealers in the Storm: Dealers Left Standing Will Be Stronger, Leaner
Aug 12 2009 // Some automobile shoppers may be abandoning car makers but insurance carriers and brokers remain dedicated partners, experts say. Yet no one can deny that tough times have fallen on many of the nation’s car dealers...
Survey: Agents Report Recession Not as Disruptive as Initially Predicted
Aug 11 2009 // Main Street businesses may still be trying to recuperate from the recession, but independent insurance agencies report that it has not been as disruptive as initially predicted, an exclusive survey reveals. The survey...
Insurers in Crosshairs of U.S. Health Care Reformers
Aug 11 2009 // The debate over reforming the U.S. health care system has zeroed in on one main target: insurance companies. Democrats and the Obama administration plan to spend August battling to win popular support to expand health care...
Oklahoma Lawmakers Launch Study to Privatize Work Comp Insurer
Aug 7 2009 // A legislative task force has begun a study on how best to privatize CompSource Oklahoma, the agency that provides workers’ compensation insurance in the state. Members of a nine-member task force convened Aug 6. The...
North Carolina Senate Approves Beach Plan Insurance Reform Bill
Aug 6 2009 // A bill to rescue North Carolina’s coastal insurance plan handily passed the state Senate on Wednesday by a 42-5 vote, the same day it won approval from a Senate committee. Because the Senate version differs from the...
Arkansas Details Obligations for P/C Insurance Providers
Aug 6 2009 // The Arkansas Insurance Department has posted directives on its Web site that detail compliance requirements for property casualty insurance providers in that state. The insurance department noted that while Arkansas state...
North Carolina House, Senate Agree on Beach Plan Insurance Bill
Aug 6 2009 // The North Carolina General Assembly has approved a bill to reform the state’s coastal insurance system that caps private insurers’ liability for any funding shortfall in the state-backed Beach Plan, reduces...
Colorado Committee Evaluates State’s Workers’ Comp Insurer Pinnacol
Aug 5 2009 // A special committee of Colorado lawmakers is evaluating Pinnacol Assurance, to examine what role the state should have in managing the quasi-governmental workers’ compensation insurer’s business. Ken Ross,...
Regulatory Reform, Rewards for Quality Insurers Ahead, Says Chubb Exec
Aug 5 2009 // Skepticism over the financial condition of insurance companies is healthy and financially strong insurers stand to gain over weaker competitors in today’s market, an executive for a major property/casualty insurer...
North Carolina Senate Panel Approves Beach Plan Rescue
Aug 5 2009 // The North Carolina Senate Commerce Committee today passed legislation (HB 1305) to rescue the state’s underfunded coastal insurer, the Beach Plan. The bill, which already passed the House, will now bypass the finance...
California Releases New Draft of Pay-As-You-Drive Regulations
Aug 4 2009 // The California Department of Insurance has released a new draft of the Pay-As-You-Drive (PAYD) regulations, after receiving dozens of comments from consumer groups, the insurance industry and other invested parties, it...
Consumer Reports: 73% Happy with Their Home Insurance Company
Aug 4 2009 // A new Consumer Reports’ survey of homeowner insurance customers found some good news, especially for people with decent credit and claims history. Lots of consumers are finding lower prices. More than half (53...
Unsafe Truck, Bus Operators Told to Shut Down Are Still on Roads
Aug 3 2009 // Hundreds of tractor-trailer and bus companies ordered to shut down because of federal safety violations ranging from suspended licenses to possible drug use have stayed on the road by using different names, investigators...
Insurers See ‘Full Plate’ of Insurance Issues for Delaware Next Year
Aug 3 2009 // A trade group for insurance companies says Delaware lawmakers will have a “full plate” of legislative insurance issues when they reconvene next year. Among the big issues, according to the Property Casualty...
