Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurer Donegal Pays $105K to Settle Software-Licensing Issues
Jul 13 2009 // Pennsylvania-based Donegal Mutual Insurance Co. has agreed to pay $105,000 to settle claims that it used unlicensed copies of Microsoft software on its computer systems, a trade group for software makers said. The Business...
New York Charges Doctors, Hospital Employees with No-Fault Fraud
Jul 9 2009 // New York Attorney General Andrew M. Cuomo announced the indictment of 12 people and 9 corporations across New York City for their roles in an alleged criminal enterprise that paid hospital employees for confidential...
Rhode Island Court Rules Insurer Not Obligated to Defend Nightclub Owners
Jul 8 2009 // A Rhode Island court has ruled that a commercial general liability insurance policy held by the owners of the Station nightclub does not require the insurance company to defend them against criminal charges. The case arose...
Survey: Claims Service Is Tops for Agents When Evaluating Carriers
Jul 8 2009 // Quality claims service continues to be the top factor in how independent agents evaluate their carriers, although insurers’ financial strength ratings are now a much bigger concern for agents than in the past, an...
Wisconsin Regulators Release List of June 2009 Administrative Actions
Jul 8 2009 // The Wisconsin Office of the Commissioner of Insurance has published a list of administrative actions for June 2009. The regulators noted that in many of these cases the respondent denied the allegations but consented to...
California Commissioner Rejects Workers’ Comp Bureau Rate Increase
Jul 8 2009 // Citing testimony that self-insured employers have been able to reduce overall workers’ compensation costs, California Insurance Commissioner Steve Poizner has rejected the Workers’ Compensation Insurance Rating...
South Carolina Insurance Chief Faults Legislative Audit of Department
Jul 6 2009 // A report by the auditing arm of the South Carolina Legislature has concluded that the state insurance department overall does a good job regulating insurance companies and their rates but it could do a better job of...
Louisiana Supreme Court: Payment by Insurer Establishes Liability
Jul 6 2009 // The Louisiana Supreme Court recently reversed the decision of trial and appeals courts, which had ruled in favor of an insurer in a case involving an uninsured/underinsured motorist. In Marco Demma, III v. Automobile Club...
Florida’s New Insurers Won’t Pick Up State Farm Slack, McCarty Says
Jul 6 2009 // Florida Insurance Commissioner Kevin McCarty said the 54 property insurers backed by nearly $5 billion in capital that have been admitted to the state since 2006 can’t be expected to absorb all of the policies left...
New Rhode Island Law Saves Residents Money When Storms Loom
Jul 6 2009 // A new law could save homeowners money when a hurricane off the Atlantic coast churns up weather strong enough to damage homes in Rhode Island but never reaches the state. Legislation signed last month by Gov. Don Carcieri...
State Auto: How a Regional Carrier Weathers the Storms
Jul 6 2009 // CEO Restrepo Talks Cat Losses, Premium Growth and Independent Agents Regional property/casualty insurance companies don’t make headlines like the large institutions. They simply go about their business serving...
Swimming Downstream: How a Regional Insurer Buys Others Through Demutualization
Jul 6 2009 // Donegal Group’s Strategy Has Taken It From Writing in One to 19 States in 20 Years Even in a good economy, mutual insurers face challenges trying to raise the capital they need to grow because they don’t have...
California Governor Proposes Selling Some State Workers’ Comp Insurer Assets
Jul 6 2009 // California Gov. Arnold Schwarzenegger is proposing to sell a portion of the state workers’ compensation insurer State Compensation Insurance Fund for $1 billion, Rachel Cameron, deputy press secretary for the...
Car Dealers in the Storm
Jul 6 2009 // Dealers Left Standing Will Be Stronger, Leaner, and Better Experts Say Automobile shoppers may be abandoning car makers but insurance carriers and brokers remain dedicated partners, experts say. Yet no one can deny that...
Taking Care of Business
Jul 6 2009 // Leading Near National P/C Carriers Revealed The original criteria and objective definition for the Near National Property/Casualty Carriers was established in the Feb. 12, 2007, issue of Insurance Journal. The Demotech...
How Independent Agents View Super Regional Carriers
Jul 6 2009 // Survey Says Claims Service Continues to Top List of Agency Demands Quality claims service continues to be the top factor in how independent agents evaluate their carriers, although insurers’ financial strength...
2009 Near National P/C Insurers
Jul 6 2009 // 2009 Near National P/C Insurers Company Name 2009 Demotech Company Classification 2008 Demotech Company Classification 2007 Demotech Company Classification Affiliated FM Insurance Co. Near National Near National Near...
P/C Industry Posts $1.3B Loss in Q1; Combined Ratio Up to 102.2
Jul 6 2009 // The property/casualty insurance industry suffered a $1.3 billion net loss after taxes for first-quarter 2009, which constitutes a $9.8 billion adverse swing from the industry’s $8.5 billion in net income after taxes...
Safe and Sound
Jul 6 2009 // Making the Connection for Contractors Contractors with a sharp eye for their bottom line are smart to place a premium on safety. Insurance agents and brokers tend to know a construction business that avoids injuries is not...
Louisiana Commissioner: Session Successful for Insurance Bills
Jul 2 2009 // Louisiana Commissioner of Insurance Jim Donelon says the recently adjourned 2009 Regular Session of the Louisiana Legislature was a success when it came to insurance legislation. The Department of Insurance (DOI) saw 20...
