Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Lawyers Hope to Fix Catastrophe- Related Insurance Problems
Jan 14 2009 // The nation’s lawyers who deal with insurance issues are developing policy recommendations designed to improve access to insurance coverage, reduce litigation over coverage and mitigate future losses involving natural...
Windstorm Fund a Leading Issue With Lawmakers at Texas Capitol
Jan 12 2009 // Hurricane Ike was the big storm Texas officials feared would hit the coast – and the state’s way of paying for it afterward. When lawmakers convene Jan. 13, they’ll face the financial devastation left by...
Lifelines in the Storm: Pro-Policyholder Developments in 2008
Jan 11 2009 // In light of the enormous losses and cascading failures triggered by the financial crisis, companies across the full spectrum of U.S. industry will be looking to their insurance policies for loss mitigation. Fortunately,...
West Va. Court Absolves Insurer in Underage Drinking Case
Jan 11 2009 // The West Virginia Supreme Court says a homeowner’s insurance company should not be held liable for paying damages stemming from a fatal alcohol-related accident involving underaged drinkers. In its unanimous ruling,...
North Carolina Auto Rate Hike In Escrow Until Court Rules
Jan 11 2009 // Auto insurers may increase premiums on North Carolina drivers by up to 9.4 percent starting Jan. 1, but a court ruling will determine whether they can keep the extra money. The North Carolina Rate Bureau, which represents...
North Carolina Agrees to 4% Home Rate Hike
Jan 11 2009 // North Carolina Insurance Commissioner Jim Long has agreed to permit homeowners insurance companies to hike their rates an overall statewide average of 4.05 percent beginning May 1. This is below the statewide increase than...
Lifelines in the Storm: Pro-Policyholder Developments in 2008
Jan 11 2009 // In light of the enormous losses and cascading failures triggered by the financial crisis, companies across the United States will be looking to their insurance policies for loss mitigation. However, recent developments in...
Actual Cash Value Versus Replacement Cost Value
Jan 11 2009 // Navigating the Valuation Quagmire As the saying goes, the devil is in the details. And insurance agents would be wise to explain the differences between actual cash value (ACV) and replacement cost value (RCV) to...
Lifelines in the Storm: Pro-Policyholder Developments in 2008
Jan 11 2009 // In light of the enormous losses and failures triggered by the financial crisis, companies across the full spectrum of U.S. industry will be looking to their insurance policies for loss mitigation. Fortunately, developments...
California Workers’ Compensation Insurers File for Rate Increases
Jan 11 2009 // The California Department of Insurance has approved rate increases for several workers’ compensation insurers. California Insurance Commissioner Steve Poizner had recommended a 5 percent increase in his rate...
Developing a Sales & Marketing Plan
Jan 11 2009 // Part 2: Designing the Plan The first part of this two part series described the self-analysis of the agency’s book that must precede the development of an effective sales and marketing plan. This is accomplished by...
FTC Probing Insurers Over Credit-based Homeowners Insurance Pricing
Jan 11 2009 // U.S. regulators have asked nine major insurance companies, including Allstate Corp. and Travelers Cos. Inc., to provide information about how they set prices for homeowners’ coverage. The Federal Trade Commission...
California Hosts Insurance Recovery Forum for Wildfire Survivors
Jan 9 2009 // California Insurance Commissioner Steve Poizner is hosting town hall-style Insurance Recovery Forums for survivors of the November 2008 wildfires. The first of such town hall meetings was held Jan. 8 in Sylmar, Calif....
Florida Panel Backs Rate Hikes, Stricter Rules for Citizens
Jan 9 2009 // A special task force is recommending that Florida’s state-backed property insurer – Citizens Property Insurance — be permitted to raise its rates beginning in 2010 and that restrictions on what homeowners...
Texas Workers’ Comp Div. Assesses $285K in Fines June – Oct. 2008
Jan 9 2009 // The Texas Department of Insurance Division of Workers’ Compensation (TDI-DWC) from June through October 2008 assessed administrative penalties totaling $285,775 in disciplinary orders issued by Commissioner of...
California Appeals Court Reverses Pollution Liability Decision
Jan 7 2009 // The 4th District of the California Court of Appeals has reversed a lower court decision in a pollution liability case, State of California v. Continental Insurance Co. et al. Policyholders are entitled to the full policy...
Victoria Insurance Co. Changes Name to Cranbrook Insurance
Jan 6 2009 // Victoria Insurance Co., a wholly-owned subsidiary of Michigan-based USF Insurance Co., has changed its name to Cranbrook Insurance Co., effective Jan. 1. Cranbrook is incorporated in Texas with its headquarters in...
Marsh Settles Insurance Bid-Rigging Charges with 9 States for $7 Million
Jan 6 2009 // Nine states have reached a $7 million settlement with New York-based insurance broker Marsh, Inc., Marsh & McLennan Companies, Inc., resolving a four-year investigation into Marsh’s role in a nationwide bid...
2008: Top Stories of the Year
Jan 5 2009 // 2008 can be described as a year like no other in the property/casualty insurance world. This year we saw the near death of the world’s largest and most successful insurance company, AIG. The soft market continued to...
Association of British Insurers Warns of Increasing ‘Front End Fraud’
Dec 31 2008 // The Association of British Insurers has issued a warning that, “people are increasingly putting their insurance cover at risk by cheating to get a better deal.” The ABI said its members, which include most of...
