Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Poizner Urges No Iranian Investments by Insurers
Oct 5 2009 // Just days ahead of Iranian President Mahmoud Ahmadinejad’s recent address to the United Nations in New York, California Insurance Commissioner Steve Poizner encouraged his fellow state insurance commissioners to...
London: International Insurance Center
Oct 5 2009 // Systems Changes, Technology, Talent Pool Position London Market for the Future London’s insurance market comprises general carriers, specialty carriers, reinsurers, brokers, underwriters, claims handlers, lawyers,...
London: International Insurance Center
Oct 5 2009 // Systems Changes, Technology, Talent Pool Position London Market for the Future London’s insurance market comprises general carriers, specialty carriers, reinsurers, brokers, underwriters, claims handlers, lawyers,...
House Panel Releases Bill Creating Federal Insurance Office
Oct 2 2009 // Congress got a look yesterday at a draft of legislation to create a federal insurance office that would work on international insurance issues as well as monitor the insurance industry and insurers for anything that might...
Insurers Pay $700K to Settle Case over Massachusetts Coach’s Fatal Illness
Oct 2 2009 // A nearly $700,000 agreement between the family of late Holy Cross football coach Dan Allen and two insurers for the contractor the family alleges contributed to his fatal illness has been approved by a federal judge in...
Minnesota AG Sues 2 Insurers for Alleged Fraudulent Activity
Oct 1 2009 // Minnesota Attorney General Lori Swanson is suing two out-of-state companies for selling allegedly fraudulent health insurance coverage to the uninsured. In an announcement on the AG’s Web site, Swanson said the two...
U.S. Senate Panel Rejects Public Healthcare Option; More Votes Ahead
Sep 30 2009 // A U.S. Senate panel Tuesday rejected a government-run “public” insurance option as part of a broad healthcare overhaul, handing insurers an early victory and setting the stage for a long fight over one of the...
California Settles Life Insurer Violations Case
Sep 30 2009 // California State Insurance Commissioner Steve Poizner announced today that the Department of Insurance has reached a $600,000 settlement agreement with Life Insurance Company of North America (“LINA”) to...
West Virginia Workers’ Comp Insurer BrickStreet Free of Debt to State
Sep 30 2009 // BrickStreet Mutual Insurance has remitted its final payment to West Virginia for funds it owes the state for aiding its transition from a state-run organization to a private carrier in 2006. Since the end of June when the...
P/C Insurers’ Technology Spending Up 1.6%
Sep 30 2009 // Planned information technology (IT) spending by property/casualty insurance companies increased 1.6 percent from 2008 to 2009, according to researchers. The planned increase in spending from 2009 to 2010 will only be...
US May Target Insurers, Gasoline Imports in Iran Sanctions Strategy
Sep 30 2009 // The White House is weighing sanctions targeting Iran’s dependence on gasoline imports and insurance firms that underwrite the trade, even as U.S. officials focus for now on diplomatic efforts to resolve a nuclear...
Insurers Back Away from Washington Flood Area
Sep 30 2009 // Insurance brokers say private companies won’t sell flood insurance in Kent, Renton, Auburn and Tukwila where the Corps of Engineers says Green River flooding is likely this winter. Federal insurance is still...
P/C Industry Net Income Falls Nearly 60% in First-Half 2009
Sep 28 2009 // Private U.S. property/casualty insurers’ net income after taxes fell 59.3 percent to $5.8 billion in first-half 2009 from $14.1 billion in first-half 2008. Insurers’ overall profitability as measured by their...
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...
