Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurers’ Taxes Could Back Florida Private School Voucher Program
Apr 27 2009 // A private school voucher program for children from low-income families in Florida would be strengthened by a bill the House passed last week, but critics say it would be another financial blow for public...
First Nations Customers Urged to Seek New Insurance Company
Apr 27 2009 // The trustee of a troubled Grand Island, Neb., insurance agency has warned customers of an affiliated company to find a new insurer. In letters sent this week to First Nations Compensation Plan customers, Thomas Stalnaker...
Florida’s Property Insurance Market: An Overview by Commissioner McCarty
Apr 24 2009 // It is always interesting, and frequently amusing, to read various “research” pieces on the Florida property insurance market. While I, like every other insurance regulator, industry professional and observer in...
Europe Votes to Adopt New Solvency Rules for Insurance by 2012
Apr 23 2009 // The European Parliament voted this week for new regulation of insurers that aims to cut costs by giving one national regulator the lead role in monitoring insurance companies operating across several EU nations. EU...
Bissell Named Chair of Association of California Insurance Companies
Apr 23 2009 // Kathleen Bissell, assistant vice president of Liberty Mutual Insurance Co., has been elected chair of the Association of California Insurance Companies (ACIC) Board of Directors at the association’s annual...
Oklahoma Consumer Group Blasts Lawmakers, Health Insurers
Apr 23 2009 // An advocacy group criticized Oklahoma legislative leaders on April 21 for what it described as a host of bills that help the health insurance industry at the expense of consumers. Dr. Rene McNall Knapp, who specializes in...
Insurers, Environmental Advocates Urge Changes to Protect U.S. Coastlines
Apr 23 2009 // A coalition of insurers, public officials, risk experts, builders and conservation groups introduced a blueprint of policy changes and common sense actions that could reduce economic losses from future storms and rising...
Florida Bills to Clarify Regulation of Surplus Lines Insurance Advance
Apr 22 2009 // Florida’s surplus lines insurance brokers and carriers are encouraged that legislation to clarify the surplus lines industry’s regulatory status in the state has survived several committee hurdles and appears...
Insurance Company Offers Reward of $35K After Oklahoma Fire
Apr 22 2009 // A reward of $35,000 is being offered for information about the fire that destroyed 70 homes in Midwest City in eastern Oklahoma County two weeks ago. GuideOne Insurance and the Midwest City Police Department announced the...
Study: Insurers’ Customer Retention Critical in Hard Economic Times
Apr 22 2009 // As millions of U.S. households face financial hardship in the current U.S. recession, retaining existing customers has never been more important. For insurance carriers in terms of long-term profitability, customer...
S&P Sees AIU Holdings Vehicle as Boost to Insurer’s Financial Flexibility
Apr 22 2009 // Standard & Poor’s Ratings Services said that its ratings on American International Group Inc. (AIG; A-/Negative/A-1) and its insurance subsidiaries (A+/Negative/–) are not affected by AIG’s...
It’s Not Easy Being Green; But It’s Profitable
Apr 21 2009 // Jim Henson’s most famous Kermit the Frog said it the best, “It’s not easy being green.” Today’s property owners and insurers understand that while it’s not easy going green, being green...
Texas Senate Approves Insurance Department ‘Sunset’ Bill
Apr 21 2009 // The Texas Senate has approved a measure that allows the continued operation of the Texas Department of Insurance, but would slightly reform its operations, according to a Senate new release. The bill’s author Senator...
A.M. Best Calls AIU Vehicle ‘Positive First Step’ in AIG Insurance Rebranding
Apr 21 2009 // Rating organization A.M. Best Co. reported that its ratings and outlook of the property/ casualty subsidiaries of American International Group, Inc. (AIG) remain unchanged following the company’s announcement of the...
New York Wants Allstate Info on Credit Default-Swaps
Apr 20 2009 // The New York state Insurance Department said it wants information from Allstate Corp. on its participation in unregulated insurance markets. The agency also said Allstate officials must report anything they know about...
Texas High Court Rules Against Insurer in Fleeing Truck Case
Apr 20 2009 // The Texas Supreme Court has ruled that an insurance company must pay a family’s claim over a child critically injured by a truck that was fleeing from police. The child’s parents, Greg and Maribel Tanner, sued...
Judge Blocks Michigan’s Challenge to Insurers’ Use of Credit Scores
Apr 20 2009 // Barry County Circuit Judge James Fisher issued an injunction April 10 preventing Michigan insurance regulators from challenging insurers’ home and auto insurance rate filings that use credit scoring in determining...
Medical Liability Claims-Made Policies
Apr 20 2009 // Challenges to the Notice Requirement Medical malpractice liability insurance policies, like most professional liability insurance policies, are typically “claims-made” policies. While there are variations,...
Examinations Under Oath: The Basics
Apr 20 2009 // Understanding the Rights and Obligations Imposed on the Insured One of the most powerful tools available to an insurer in adjusting first-party property claims is the right to examine the insured under oath (EUO). Thus, it...
Somali Pirates Step up Attacks; Exemption Renewal for Europe’s Insurers
Apr 20 2009 // Pirates have stepped up their attacks on shipping in the Gulf of Aden and the Indian Ocean. In three days (April 6-8) the marine marauders, based in Somalia, seized four cargo ships and a French yacht (See IJ Web site...
