Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
South Carolina Court Awards $10 Million to Man Cut by Health Insurer
Sep 16 2009 // The South Carolina Supreme Court this week upheld a multimillion verdict against an insurer the justices said revoked a man’s health policy after he tested positive for HIV based solely on a nurse writing down the...
Building of Unique Disaster Research Facility in South Carolina Begins
Sep 16 2009 // The property/casualty insurance industry today officially broke ground for the building of a disaster safety research center in Chester County, South Carolina. The Institute for Business & Home Safety (IBHS) said its...
Text: Sen. Baucus Introduces to Senate Financial Committee Health Bill
Sep 16 2009 // The following announcment was released by the office of Senate Finance Committee Chairman Max Baucus (D,Mont.). Senate Finance Committee Chairman Max Baucus (D,Mont.) today introduced the America’s Healthy Future...
Text: Senate Finance Committee’s America’s Healthy Future Act of 2009
Sep 16 2009 // Chairman’s Mark America’s Healthy Future Act of 2009 Scheduled for Markup By the Senate Committee on Finance On September 22, 2009 America’s Healthy Future Act of 2009 TITLE I—HEALTH CARE...
Missouri to Study Timeliness of Health Insurers’ Reimbursements
Sep 14 2009 // Missouri Gov. Jay Nixon has ordered the state Department of Insurance to determine whether health insurance companies in Missouri are withholding reimbursement payments to health care providers for unreasonable lengths of...
Another New Florida Home Insurer, Sawgrass Mutual, Open for Business
Sep 14 2009 // Sawgrass Mutual Insurance Co. is now selling residential property insurance coverage to Florida homeowners through independent agents. The company was launched last month with $10 million in initial capitalization. CEO...
California Court Rules for Surplus Lines Insurers on Taxes
Sep 11 2009 // A Los Angeles court has ruled that surplus lines insurers need not pay California’s 2.3 percent of gross premiums tax that admitted insurers pay, as well as the 3 percent surplus lines-premiums tax the state...
Hawaii Group Buys Hurricane Insurer Zephyr from Kingsway
Sep 11 2009 // Toronto-based Kingsway Financial Services Inc. has agreed to sell Zephyr Insurance Co., Inc. to Zephyr Acquisition Co., an acquisition vehicle of Ocean Harbor Holding Inc. and MP Holdings LLC, a Hawaiian based investor...
California Issues Regulations for Pay-As-You-Drive Insurance
Sep 10 2009 // California’s insurance commissioner, Steven Poizner, has issued final pay-as-you-drive regulations, which will enable insurers to offer consumers rates that are based on actual miles driven as opposed to estimated...
Obama Urges Congress to End Bickering and Pass Healthcare Reform
Sep 10 2009 // President Barack Obama told Congress Wednesday to end its political bickering and move quickly on a broad healthcare overhaul that would dramatically transform the U.S. health system and insurance market. In a sometimes...
Health Insurer Under Fire From North Dakota Insurance Department
Sep 10 2009 // An audit by the North Dakota Department of Insurance found that Noridian Mutual Insurance Company, doing business as Blue Cross Blue Shield of North Dakota (BCBS), racked up tens of thousands of dollars in excessive...
Wisconsin to Hold Hearing on Insurer Use of Credit Information
Sep 10 2009 // Wisconsin Insurance Commissioner Sean Dilweg will hold a hearing Sept. 14 on the use of consumer credit information in personal lines insurance policies. The public hearing with invited testimony will take place beginning...
Senate Health Proposal Includes Insurer Tax, Co-ops; Excludes Public Option
Sep 9 2009 // Senate Finance Committee Chairman Max Baucus has circulated a healthcare reform proposal he hopes will win support from both Democrats and Republicans. The proposal is based on weeks of intense negotiations by a bipartisan...
P/C Insurers Report Surge in Suspicious Claims
Sep 9 2009 // Property/casualty insurance companies report that the number of claims suspected of possible fraud has jumped 13 percent for the first half of this year compared to last year’s first six months. A review of...
Missouri: Medical Malpractice Insurers Profitable for 5th Year in a Row
Sep 8 2009 // Insurance companies providing medical malpractice coverage in Missouri returned a profit in 2008, marking the fifth consecutive year of positive earnings, Missouri Department of Insurance says. The department said its...
Oklahoma Considers Privatizing State-backed Workers’ Comp Insurer
Sep 8 2009 // In a recent meeting of a task force considering privatizing Oklahoma’s state-backed workers’ compensation insurer, CompSource Oklahoma, Nevada insurance executives said workers’ comp rates have dropped in...
People
Sep 7 2009 // ProMutual ProMutual Group has promoted José R. “Joe” Zorola to vice president of underwriting. Zorola previously served as director of underwriting for the Boston-based medical liability insurer. In this new...
Arkansas Among States Said to Be Lax on Motor Carrier Safety
Sep 7 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...
The Perception Gap
Sep 7 2009 // We’ve heard the complaints over and over again: “The insurance industry does a terrible job of public relations.” “The general public thinks insurance people are just one step above car...
Agency Co-branding: How to Work in Tandem with Carriers and Others
Sep 7 2009 // One of the most effective ways for an agency to build its book of business is through a co-branded marketing campaign with one of its carriers, a vendor that provides a unique service, or even another agency with...
