Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Judge Blocks Michigan’s Challenge to Insurance Rates with Credit Scores
Apr 10 2009 // Barry County Circuit Judge James Fisher issued an injunction on Friday, April 10, preventing Michigan insurance regulators from challenging insurance companies’ home and auto insurance rate filings that use credit...
Marsh Finds Growing Demand for D&O Coverage as Claims Rise
Apr 9 2009 // “Concerns about the global economy, shareholder action, litigation, and the increasing engagement by regulators are fuelling demand for Directors’ and Officers’ (D&O) insurance,” according to...
Much Anticipated Windstorm Insurance Debate Begins in Texas
Apr 9 2009 // Texas legislators finally have jumped into debate over how to improve the troubled windstorm insurance system that serves as a last resort for hurricane protection along much of the Gulf Coast. The House Insurance...
P/C Insurers Profitable in 2008; Take Hit From Catastrophes, Financial Crisis
Apr 9 2009 // Property/casualty insurers remained profitable in 2008 despite taking hits from several catastrophes, the recession and the ongoing financial crisis. P/C insurers earned $2.4 billion in net income after taxes in 2008, but...
FERMA Welcomes EC Report Favoring Extension of Insurers Block Exemption
Apr 7 2009 // The 16-member Federation of European Risk Management Associations (FERMA) issued a statement that it “welcomes the European Commission (EC) Report in favor of renewal of the Insurance Block Exemption Regulation...
Wright Appointed President, CEO of Texas Mutual Insurance Company
Apr 7 2009 // Ron Wright, chief operating officer of Texas Mutual Insurance Company since 1997, will become president and CEO of the company effective Sept. 1, 2009, Texas Mutual announced. Wright will succeed Russell R. Oliver, who...
6 Steps to Take Before the Soft Market Hardens
Apr 6 2009 // Most insurance professionals detest a soft market because of the increase in competition, unreasonably low pricing and increased market vulnerability. Some, however, may appreciate a softening precisely because of the...
6 Steps to Take Before the Soft Market Hardens
Apr 6 2009 // Most insurance professionals detest a soft market because of the increase in competition, unreasonably low pricing and increased market vulnerability. Some, however, may appreciate a softening precisely because of the...
6 Steps to Take Before the Soft Market Hardens
Apr 6 2009 // Most insurance professionals detest a soft market because of the increase in competition, unreasonably low pricing and increased market vulnerability. Some, however, may appreciate a softening precisely because of the...
Regulators: AIG Not Using Bailout Funds to Under-Price Insurance
Apr 6 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...
6 Steps to Take Before the Soft Market Hardens
Apr 6 2009 // Most insurance professionals detest a soft market because of the increase in competition, unreasonably low pricing and increased market vulnerability. Some, however, may appreciate a softening precisely because of the...
Liaisons Highlight Consumer Insurance Concerns
Apr 6 2009 // Consumer Advocates Focus on How Insurers Treat Insureds in Difficult Economic, Credit Climate Insurance agents, brokers and regulators should be aware that when it comes to insurance, consumers are concerned with such...
6 Steps to Take Before the Soft Market Hardens
Apr 6 2009 // Most insurance professionals detest a soft market because of the increase in competition, unreasonably low pricing and increased market vulnerability. Some, however, may appreciate a softening precisely because of the...
D&O Insurance for Early-Stage Venture-Backed Firms:
Apr 6 2009 // Carriers Scrutinizing More, But Hungry for Business Even for established companies with proven track records, the current directors and officers (D&O) insurance market is challenging. For early-stage companies,...
What’s So Special About Special Event Insurance?
Apr 6 2009 // The pitfalls of not placing special-event coverage, when it’s truly needed and available, can result in catastrophic losses to your insured, and possibly even damage the credibility of your agency and errors and...
An Awakened Washington Promises More Stress for Directors & Officers
Apr 6 2009 // Corporate Leaders Brace For Fallout From Heightened Regulation, Even Corrupt Foreign Practices Corporations and their directors and officers are living in fear. Fear of the next financial scandal, the next stock market...
Study: Agency Satisfaction Linked to Amount of Business Sent to Insurers
Apr 6 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...
Agents to Rate Regional Carriers in New Insurance Journal Sponsored Research
Apr 2 2009 // Channel Harvest Research and Insurance Journal have announced a major new study in the Independent Agency System, to be fielded in April, that will probe agents’ attitudes toward carrier relationships and the...
Massachusetts AG, Insurer Reach Settlement on Policy Plans
Apr 2 2009 // Massachusetts Attorney General Martha Coakley and a North Carolina insurance company have reached a settlement barring the company from using what Coakley described as unfair ratings practices. Occidental Fire and Casualty...
Keystone Insurers Group Realigns Top Management
Apr 2 2009 // Northumberland, Pennsylvania-based Keystone Insurers Group has hired five new executives and restructured its top management team in a move aimed at boosting growth and enhancing services, the company said. Ralph...
