Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurers Find Geithner Regulatory Plan Unclear on Federal Role
Mar 27 2009 // The nation’s insurance industry found some things to like and not to like in Treasury Secretary Timothy Geithner’s proposed restructuring of financial services regulation. While Secretary Geithner said that any...
Study: Agency Satisfaction Linked to Amount of Business Sent to Insurers
Mar 26 2009 // When it comes to an agency’s satisfaction with its personal lines insurance companies, commissions do not rank as tops. Nor do commissions rank second. In fact, out of six satisfaction factors, compensation from an...
Allstate Agents Back in Court over Claims of Age Bias by Insurer
Mar 25 2009 // A group of insurance agents asked a federal appeals court on Monday to revive an age discrimination lawsuit over the Allstate Insurance Co.’s decision to switch thousands of them from employees to independent...
Insurers Oppose Minnesota Consumer Credit Ban Bill
Mar 24 2009 // While insurance consumer advocates step up their criticism of insurers’ use of credit scores, the American Insurance Association (AIA) and Property Casualty Insurers Association of America testified before a...
2 Iowa Insurers Cancel Merger
Mar 24 2009 // Two Des Moines area insurance companies have called off plans for a merger. American Enterprise Group Inc. of Des Moines and Homesteaders Life Co. of West Des Moines said in a joint statement that they’ve nixed the...
Michigan’s Auto Insurance Rate Denials Reignite Credit Scoring Fight
Mar 23 2009 // Michigan’s regulator has reignited a debate over credit scoring by denying auto insurance companies requested rate increases because their proposed rate schemes include discounts for good credit scores. Commissioner...
As Credit Scores Fall, Criticism of Insurers’ Credit Scoring Rises
Mar 23 2009 // With consumers’ credit scores dropping as lenders tighten credit terms, insurance consumer advocates are stepping up their criticism of the use of credit scores by insurance companies. They are also warning insurers...
As Credit Scores Fall, Criticism of Insurers’ Credit Scoring Rises
Mar 23 2009 // Consumer Advocates Focus on How Insurers Treat Insureds in Difficult Economic, Credit Climate With consumers’ credit scores dropping as lenders tighten credit terms, insurance consumer advocates are stepping up their...
Greener Opportunities
Mar 23 2009 // Insurers Compete for a Growing Green Industry Jim Henson’s famous Kermit the Frog said it the best, “it’s not easy being green.” Today’s property owners and insurers understand that while...
Younger Drivers Distracted by Music Says Australian Insurer NRMA
Mar 23 2009 // According to a study from Australian insurer NRMA, part of the Insurance Australia Group (IAG), younger drivers, who listen to music while at the wheel, are acting dangerously. NRMA said its research “revealed almost...
Mass. AG Questions Insurer’s High Risk Insurance Auto Rates
Mar 23 2009 // Massachusetts Attorney General Martha Coakley wants a public hearing to review the auto insurance rates of a new company entering the market in Massachusetts. Occidental Fire and Casualty Insurance Co. of North Carolina is...
California Supreme Court to Review Pollution Liability Insurance Case
Mar 20 2009 // The California Supreme Court has granted review of State of California v. Continental Ins. Co. (2009) 170 Cal.App.4th 160 [Fourth Dist., Div. Two]. In a prior proceeding in federal court, the State of California was...
Florida Home Insurer People’s Trust Ordered to Stop Writing New Policies
Mar 20 2009 // One of Florida’s new startup property insurance companies has been told to stop selling policies — at least for a while. Insurance Commissioner Kevin McCarty said Boca Raton-based People’s Trust has not...
Report: Insurers Boost Calif. Economy by $28.2B
Mar 19 2009 // California has a $1.7 trillion economy that ranks it as a global financial power, and the insurance industry aids in this effort, says a new industry report. In 2006, insurers contributed $28.2 billion to...
Regulators: AIG Not Using Bailout Funds to Underprice Insurance
Mar 18 2009 // Despite some complaints by competitors, American International Group (AIG) does not appear to be using federal bailout funds to lower its insurance prices to keep and attract business, state and federal officials told a...
Insurers’ Use of Credit Scores Faces Renewed Scrutiny by Regulators
Mar 17 2009 // The National Association of Insurance Commissioners (NAIC) has adopted a proposal to review the use of credit-based insurance scoring. The NAIC said it will convene a public hearing to take testimony on how the insurance...
Portion of Former Louisiana AG’s Suit Against Insurers Dismissed
Mar 16 2009 // A federal judge in New Orleans has dismissed some claims in a lawsuit filed by a former Louisiana Attorney General Charles Foti against dozens of insurance companies over payments to policyholders receiving funds from the...
Ohio Windstorm Losses in Feb. Reach Nearly $89M; Ike Losses Rise
Mar 16 2009 // Ohio’s Feb. 11-12 windstorm caused at least $88.9 million in damages, based on preliminary insured loss estimates from the Ohio Insurance Institute (OII), an insurance industry trade group. Widespread losses were...
Bills Filed to Roll Back Texas 2003 Insurance Reforms
Mar 16 2009 // Reforms to the Texas insurance regulatory system put in place by Senate Bill 14 in 2003 are under attack by a coalition of state lawmakers who have filed bills to, among other things, return the rate setting process for...
AIG Collapse Effect on Life Insurance Sector Overstated: Analysts
Mar 13 2009 // AIG’s recent claims that its collapse could threaten not just banking counterparties but also decimate the broader U.S. life insurance industry are alarming but also largely unproven. The contention was made in a...
