Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Buyer and Agent Beware
Sep 7 2009 // BOP’s Changes for the Better or Worse? Just when I really think I understand a coverage I am blind-sided by the reality of what is actually happening in the insurance industry. I remember the good old days when a...
E&S Brokers Look for Rays of Light at the End of the Tunnel
Sep 7 2009 // Flat Economy, Persistent Soft Markets Have Forced Leaner Business Models, More Automation A poor economy, natural catastrophes and an extended soft market have all combined to nip growth in the excess and surplus lines...
Top 25 Workers’ Comp Insurers Show 36% Increase in Average Direct Premium Written
Sep 7 2009 // Results Based on Insurers’ Growth June 30, 2009, versus June 30, 2008 As I write this article, the unemployment rate in the United States was reported to be 9.4 percent as of the end of July. Gross Domestic Product...
North Carolina Beach Plan Insurance Reforms Become Law
Sep 7 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...
North Carolina Recovers Self-Insurer’s Comp Funds
Sep 7 2009 // North Carolina Insurance Commissioner Wayne Goodwin said that $6.5 million will be returned to 661 employers who formerly were members of the Phoenix Fund Inc., a self-insured workers’ compensation fund that was put...
Florida, Georgia Insurer First Commercial to Be Liquidated
Sep 7 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,...
New Insurer Ascendant to Rescue First Commercial Insureds, Jobs in Florida
Sep 4 2009 // Florida officials announced that a new Miami-based insurance company will pick up the insurance for about 15,000 of the policyholders now with bankrupt First Commercial Insurance Co., which is in liquidation. Florida CFO...
Some State-Run Property Insurance Plans in Precarious Financial Situation
Sep 4 2009 // As the 2009 Atlantic hurricane season enters its peak period, the finances of a number of residual market property plans in hurricane-exposed states are on shaky ground. The credit crunch and prolonged economic downturn...
Missouri Mortgage Insurers Suffer Large Losses
Sep 4 2009 // Companies that sell private mortgage insurance in Missouri suffered their largest losses last year in three decades of record-keeping. The state insurance department says mortgage guaranty insurers had net losses in 2008...
Aon Review Finds Offshore Energy Renewals ‘a Mixed Bag’
Sep 3 2009 // A report from Aon’s London office concludes that “2009 Insurance premiums are predicted to remain flat for offshore energy business for October’s renewals.” The premiums are dependent on location,...
Connecticut AG Wants Car Repair Practices Investigated
Sep 2 2009 // Connecticut Attorney General Richard Blumenthal is urging his federal counterpart, Attorney General Eric Holder, to look into reports that some auto insurers improperly steer consumers toward certain body repair shops...
Specialty P/C Insurer Ironshore Raises $300 Million
Aug 31 2009 // Property/casualty insurer Ironshore Inc. in Bermuda has completed an equity capital deal that will raise $300 million to support the continued expansion of Ironshore’s specialty insurance business. Lead investors in...
Missouri Sues Arkansas Insurer
Aug 31 2009 // Missouri insurance regulators have gone to court to stop an Arkansas-based life insurance company from illegally changing the terms of its cancer insurance policies, the Missouri Department of Insurance announced. The DOI...
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...
