Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Policyholders of Failed HIH Insurance Company Receive Millions in Payments
Mar 11 2009 // Hawai’i Insurance Commissioner J.P. Schmidt has released the final payments from the estate of the failed insurer HIH America Insurance Company of Hawai’i Inc. HIH Hawai’i has now paid 100 percent of its...
Mississippi’s Rep. Taylor Renews Push for Federal Wind Insurance Policy
Mar 10 2009 // Rep. Gene Taylor, D.-Miss., isn’t letting opposition by major insurance companies keep him from pushing his plan to make wind coverage for properties available through the federal flood insurance...
Montana Legislators To Evaluate Auto Repair, Bad Faith Bills
Mar 10 2009 // The Montana legislature will hear bills this week related to auto body repair and what the insurance industry is calling bad faith legislation that could drastically affect the state’s insurance market and insurance...
North Carolina’s Goodwin Warns Against Coastal Rate Freeze
Mar 9 2009 // Legislative efforts to freeze insurance rate increases for coastal homeowners risk making policies less available and more costly for all state residents, North Carolina’s new insurance commissioner has warned. Such...
A ‘Victim’s’ View of Insurer’s Liability in Peanut Product Recall Case
Mar 9 2009 // The story of the salmonella-tainted peanut products distributed by Peanut Corp. of America (PCA) is one of the highest-profile food recall cases in recent memory, and one that holds interesting side stories for the...
Don’t Emulate How the Big Auto Insurers Sell
Mar 9 2009 // Market Auto Discounts Differently It’s pretty safe to say that money isn’t everything. Your health, happiness and, of course, golf are all more important. A lot more important, right? Well, maybe not if you...
Mass. AG Questions Insurer’s High Risk Insurance Auto Rates
Mar 6 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...
Caribbean Insurance Company Clico Faces Liquidation
Mar 5 2009 // A bailout of troubled CL Financial Ltd. by Trinidad and Tobago’s central bank has been having ripple effects across the Caribbean, where regulators are liquidating the sprawling firm’s insurance subsidiaries to...
New York Insurance Chief Dinallo’s U.S. Senate Testimony on AIG
Mar 5 2009 // Testimony by New York Insurance Superintendent Eric Dinallo to the United States Senate Committee on Banking, Housing and Urban Affairs Hearing on “American International Group: Examining What Went Wrong, Government...
Texas Workers’ Comp Div. Issues $169K in Fines in Dec.and Jan.
Mar 5 2009 // Texas Commissioner of Workers’ Compensation Rod Bordelon announced that disciplinary actions taken by the Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC) in December 2008 and January...
12 Michigan Auto Insurers Pledge Rate Freeze
Mar 4 2009 // Michigan Gov. Jennifer Granholm’s call for auto insurance companies to freeze their rates has won over 12 companies thus far, although most of the state’s largest insurer have not consented to the freeze. In a...
Best Maintains Stable Outlook on U.S. Personal, Commercial Lines Sectors
Mar 4 2009 // The rating agency A.M. Best Co. said it continues to view the outlook for both the U.S. personal and commercial lines markets as stable. Despite the ongoing soft period in the cycle in commercial lines, a contracting...
Texas Insurer Group Takes Issue with NAIC Homeowner Report
Mar 4 2009 // The National Association of Insurance Commissioner recently issued its annual report on homeowners insurance. The report, based on figures from 2006, the latest year from which data is available, ranks Texas as having the...
California Insurers Association Warns Against Out-Of-Towner Accident Tax
Mar 4 2009 // The Association of California Insurance Companies is warning Californians about a trend in the state by local governments to impose taxes on out-of-towners who are in an auto accident. According to ACIC, because the tax...
Insurer Offers Bluetooth Headset in Client Referral Offer
Mar 4 2009 // Western region auto insurer Capital Insurance Group (CIG) has launched a unique promotion to increase its client referral business. The company is offering drivers with CIG auto insurance a Bluetooth headset for free if...
New York Tries First-Ever Sale of Failed Insurer to Private Investors
Mar 4 2009 // New York state will try to sell Midland Insurance, which is being liquidated with almost $1 billion of assets and $2.9 billion of liabilities, in the first-ever sale to private investors, the state insurance chief said...
Oregon Bill Could Drive Up Insurance Costs, Insurers Claim
Mar 3 2009 // The American Insurance Association (AIA), National Association of Mutual Insurance Companies (NAMIC) and Property Casualty Insurers Association of America (PCI) are reaching out to Oregon legislators to highlight what it...
Oklahoma Democrats: GOP Is Protecting Insurance Companies
Mar 2 2009 // Oklahoma Senate Democrats are charging that Republicans are taking the side of insurance companies over the needs of their constituents. Democratic leaders held a news conference Feb. 26 to decry decisions by GOP leaders...
British Insurer RSA to Cut 1,200 Jobs
Feb 27 2009 // RSA Insurance Group PLC said that it plans to cut 1,200 jobs as it reported a 7 percent fall in its full-year profit. For the year ending Dec. 31, RSA reported a profit of 586 million pounds ($831 million), down from 628...
