Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Florida Gov. Crist Vetoes ‘State Farm’ Insurance Rate Deregulation Bill
Jun 24 2009 // Siding with domestic insurers, consumer groups and the state insurance regulator, Florida Gov. Charlie Crist today vetoed a bill designed to keep State Farm from leaving and attract other large insurers to the state by...
New Florida Commercial Insurer CastlePoint Assigned Ratings
Jun 24 2009 // A.M. Best Co. has assigned a financial strength rating of A- (Excellent) and issuer credit rating of “a-” to CastlePoint Florida Insurance Co. (CFIC) of Fort Lauderdale. The rating firm said the outlook...
Specialty Insurer Ironshore Raises $300 Million for Expansion
Jun 23 2009 // Ironshore Inc. reported it has raised equity financing of up to $300 million to support the continued expansion of its specialty insurance business. In connection with this financing, Ironshore said it has entered into an...
Insurer Groups at Odds with Proposed Wisconsin Auto Insurance Bill
Jun 23 2009 // Wisconsin lawmakers are considering legislation that would increase costs for low- and middle-income insurance consumers, according to the National Association of Mutual Insurance Companies (NAMIC) and the Property...
State Farm Says It Will Reconsider Florida Exit If Rates Deregulated
Jun 22 2009 // Florida’s biggest private insurer of property, State Farm Florida, has told Gov. Charlie Crist it would “be willing to re-examine its options” and its decision to leave the state’s home insurance...
AIG’s Taiwan Life Insurer Drawing Interest From J.C. Flowers, Fubon
Jun 19 2009 // Several U.S. private equity firms and Taiwanese financial groups are showing early interest in the sale of AIG’s Taiwan life insurance unit, banking sources said on Friday, in a deal the seller hopes could raise...
Louisiana Workers’ Comp Insurer Names New Chief Investment Officer
Jun 17 2009 // Amerisafe Inc., a DeRidder, La.-based specialty writer of high hazard workers’ compensation insurance, has appointed Brendan Gau as executive vice president and chief investment officer. Gau’s appointment is...
Obama Administration White Paper Outlines Views on Insurance Sector
Jun 17 2009 // The U.S. Treasury department today issued a white paper entitled, Financial Regulatory Reform: A New Foundation. The following is an excerpt from the report on insurance: Enhance Oversight of the Insurance Sector Our...
Obama Insurance Views Mirror Those of P/C Agents, Insurers, Regulators
Jun 17 2009 // The Obama administration’s views on insurance regulation are in keeping with those of many within the property/casualty insurance industry as well as state regulators who now regulate the industry. Most in the...
Insurer Complaint Data Released by Missouri Insurance Department
Jun 16 2009 // The Missouri Department of Insurance’s annual complaint index report has been posted at the department’s Web site, insurance.mo.gov, under the Information About Insurers section. Users can search more than...
Florida Welcoming New Latin Independent Agents, While Still Coping with Old Market Problems
Jun 15 2009 // LAAIA Chief Says Property Markets Will Be a Problem in South Florida Until There’s a National Plan Being an independent agent in south Florida means never having enough property markets. That was true years ago and...
Chinese Drywall: Builders, Subcontractors, Home Owners Facing Potentially Massive Uninsured Losses
Jun 15 2009 // Policy Exclusions Favor Insurers But Builders Can Be Protected General liability carriers specializing in contractor insurance for builders and drywall subcontractors are “sweating it out” over the potentially...
Chinese Drywall: Builders, Subs Face Huge Uninsured Losses
Jun 15 2009 // Policy Exclusions Are a Problem, But Builders Can Be Protected There is a lot at stake for all parties because the damages on a per house basis are likely to be astronomical. General liability carriers specializing in...
Insurance in Times of Financial Crisis
Jun 15 2009 // Legal Issues To Be Aware Of With EPL, D&O and Fiduciary Liability Insurance The current financial crisis affects almost every aspect of our business life — that includes insurance. Businesses need to be wise...
Chinese Drywall: Builders, Subs Face Huge Uninsured Losses
Jun 15 2009 // Policy Exclusions Are a Problem, But Builders Can Be Protected General liability carriers specializing in contractor insurance for builders and drywall subcontractors (subs) are “sweating it out” over the...
Regulator: California Workers’ Comp Insurance Rating Bureau Needs to Address Challenges
Jun 15 2009 // The California Department of Insurance has released an audit report of the state’s Workers’ Compensation Insurance Rating Bureau. Among the recommendations are that WCIRB should: Begin to collect the detailed,...
Supreme Court Nominee Sotomayor Shows Record of Favoring Insurers
Jun 15 2009 // Philadelphia-Based Insurance Attorney Finds Rulings to be ‘Very Insurer-Friendly’ The Supreme Court almost never takes up insurance related cases. Even so, President Obama’s recent Supreme Court...
Contractor’s General Liability Coverage Limitations – A Road Filled with Landmines
Jun 15 2009 // Gencon, a general contractor, was nearly finished constructing a five-story apartment building when an employee accidentally damaged a sprinkler head causing a leak. Gencon made an emergency call to the plumbing store next...
South Carolina Court Denies Motor Carrier Exemption for Liability Limits
Jun 12 2009 // The South Carolina Supreme Court has ruled that a trucker paid to haul cut trees is a commercial motor carrier required to carry liability insurance limits of at least $750,000 and does not qualify either as a private...
Texas Windstorm Insurer Extends Residential Waiver Surcharge
Jun 12 2009 // The Texas Windstorm Insurance Association recently notified agents that its waiver surcharge program for residential dwellings has been extended to Sept. 1, 2009. June 1 marked the third anniversary of the residential...
