Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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...
How Actuaries Help P/C Insurers Navigate Uncertain Markets
Jun 11 2009 // Property/casualty insurers and reinsurers rely more than ever on the expertise of actuaries at a point in the cycle when the market is neither softening nor hardening, attendees at the CAS Seminar on Reinsurance were told...
Analysts: P/C Insurers’ Hopes for Hard Market Undercutting Reserves
Jun 10 2009 // Some property/casualty insurers might be in for a rude awakening with respect to their reserve practices, according to industry experts. The property/casualty insurance sector’s ability to properly estimate its loss...
Accenture Study Finds Insurers Continue Expansion Plans
Jun 10 2009 // According to findings of a survey released today by global management consulting firm Accenture, nearly two-thirds (62 percent) of insurers plan to grow outside of their home market in the next 12 months. The survey...
Northeast’s ProMutual to Buy Michigan Medical Liability Insurer FinCor
Jun 10 2009 // Massachusetts-based medical liability insurance company Medical Professional Mutual Insurance Co., known as ProMutual, will acquire medical liability insurer and risk management company FinCor and its...
CEO of Colorado Workers’ Comp Insurer: Private Would Be Better
Jun 10 2009 // The head of Colorado’s state-created workers’ compensation insurance company says the organization could do a better job if it were privatized. CEO Ken Ross told state lawmakers that Pinnacol Assurance has paid...
Krebs Joins South Carolina Captive Insurer Licensing Team
Jun 8 2009 // Ronald Krebs has joined the Alternative Risk Transfer Services Team in South Carolina’s insurance department, where he will be responsible for the application processes from submission to licensing captive insurance...
Best Affirms Intact Insurance (former ING Canada) ‘A+’ Ratings
Jun 5 2009 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Toronto-based Intact Insurance Group, the former ING Canada Group. It...
