Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
As Credit Scores Fall, Criticism of Insurers’ Credit Scoring Rises
May 4 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...
Court: Insurer Must Indemnify Contractor in Mass. ‘Sick Building’ Case
Apr 30 2009 // A federal court ruled that an insurer has a duty to defend and indemnify a flooring company which installed carpets and tiles in a Massachusetts office that were so fume-ridden, they made the building unusable. In a...
North Carolina Judge Clears Way for Home Insurance Rate Changes
Apr 30 2009 // A Wake County judge has cleared the way for homeowners insurance rates to drop in nearly three dozen western North Carolina counties and soar along the coast starting Friday. Superior Court Judge Ronald Stephens this week...
Regulator Sees Mergers Coming in Weakened Life Insurance Sector
Apr 29 2009 // U.S. life insurers, weakened by the global financial crisis, are in for mergers and regulators will not shy away from playing matchmaker to deal with weak companies, Eric Dinallo, New York’s insurance superintendent,...
AIG’s Title as World’s Largest Insurer Gone Forever
Apr 29 2009 // American International Group Chief Executive Edward Liddy is inching toward several more asset sales, has plans for a trio of initial public offerings, and expects the financial products unit to be a much smaller problem...
Florida Rep. Proctor Challenges Commissioner McCarty’s Insurance View
Apr 28 2009 // In my opinion, Florida Insurance Commissioner Kevin McCarty’s assertions that our state has “one of the most” competitive property insurance markets in the country and that easing rate regulation will not...
S&P Reports ‘Pressure Builds on Europe’s Insurers,’ Despite Strength
Apr 27 2009 // Standard & Poor’s Ratings Services has issued a new report, – “Europe’s Insurers Feel The Strain, But The Sector Retains Its Strength” – which indicates that for many insurers,...
Willis Study Finds ‘Buyers’ Market’ for Commercial D&O in Q1
Apr 27 2009 // According to a report from Willis Group Holdings, “over the last three months, London market insurers reported an average premium reduction of eight percent on renewal business for the commercial sector’s...
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...
