Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Lloyd’s Expects U.S. To Adopt Federal Regulation of Insurance
Nov 19 2008 // Pushed by the global economic crisis, the United States is expected to embrace federal regulation of the insurance industry as early as 2009, according to some financial and insurance executives. Federal regulation in the...
Insurers Urged to Check Business Process Patents After Bilski Ruling
Nov 18 2008 // A recent federal court ruling could jeopardize the way some insurance, banking and high technology companies protect their business methods through patents. The United States Court of Appeals for the Federal Circuit...
Insurance Information Network Of California Offers Fire Victims Recovery, Claims Info
Nov 18 2008 // With displaced residents of the Southern California fires now returning to their neighborhoods, several home and business owners are now finding themselves facing dozens of questions before they rebuild. To help navigate...
Fire Victims Should Seek Safety, Make Contact with Insurers
Nov 18 2008 // As firefighters work to contain the Tea, Sayre, and Freeway Complex fires throughout Southern California, property/casualty insurance companies are on the ground reaching out to policyholders to facilitate immediate...
Hartford, 3 Other Insurers Seek to Buy Thrifts to Obtain Bailout Funds
Nov 17 2008 // Four insurance companies on Friday asked the government to allow them to buy thrifts so they can qualify to receive federal money under the financial rescue program. Hartford Financial Services Group Inc., Genworth...
Florida Workers’ Compensation Insurers Seek 8.9% Rate Hike
Nov 17 2008 // A Florida Supreme Court ruling has resulted in a request to raise workers compensation rates by 8.9 percent. The National Council on Compensation Insurance filed it Friday, citing last month’s ruling. The justices...
Texas Appeals Court Overturns Ruling on Hospital Fee Guideline
Nov 17 2008 // Texas Mutual Insurance Company and several other insurers say they won a substantial victory Nov. 13 in a Texas appeals court case challenging an abusive pattern of questionable hospital bills for injured workers covered...
What Additional Living Expense/Loss of Use Coverage Means to California Fire Victims
Nov 17 2008 // The skies are filled with smoke, and thousands of homeowners being evacuated from their homes in Southern California. It has been a weekend of devastation with the fires still ablaze. Our Saturday night’s plans...
Berkshire Closes on Deal for 2 White Mountains Insurers in Runoff
Nov 16 2008 // Billionaire Warren Buffett’s Berkshire Hathaway Inc. owns two more insurance companies after completing a deal with White Mountains Insurance Group. Documents filed with the Securities and Exchange Commission show...
Mississippi Rebuilds Its Insurance Markets
Nov 16 2008 // Wind Pool Modernization, Better Building Code Enforcement and Carrier Recruitment Efforts Begin to Pay Off Back in January, when Mike Chaney was getting ready to be sworn in as Mississippi insurance commissioner after his...
Florida Cat Fund Questions Risk Trigger Insurer Ratings
Nov 16 2008 // A.M. Best Co. says based on the credit market contraction and the uncertainty regarding the Florida Hurricane Catastrophe Fund’s ability to fund its claims-paying capacity, it placed several insurers’ ratings...
Strategic Planning for an Increasing Direct Writer Marketplace
Nov 16 2008 // The traditional role of an insurance agent in the sale of insurance products to potential policyholders has changed dramatically over the years. Historically, the agent was the customer’s first and only point of...
Survey: What Keeps Independent Agents Awake at Night?
Nov 16 2008 // Commissions, Technology, Agency Branding and Catastrophe Zones Rank High as Concerns Independent insurance agents and brokers are concerned about the future of contingent commissions, according to a recent survey. But...
How to Control Construction Claims in a Collapsing Homebuilders’ Market
Nov 16 2008 // Working with Experienced Homebuilders, Rigorous Inspections and Defect Remedies Reduces the Risk from Possible Shortcuts A significant increase in unsold assets represents a substantial hole in the balance sheet for...
Racicot Steps Down; Pusey Takes Helm as Insurer Group’s CEO
Nov 14 2008 // Gov. Marc Racicot will leave his position as the president and CEO of the American Insurance Association (AIA), effective Feb. 1, 2009. Racicot served more than three years as the leader of the the AIA, a property/casualty...
Shots Fired at Georgia Insurance Company’s Building
Nov 14 2008 // A company spokeswoman says no one was injured when shots were fired into the 10th and 11th floors of health and disability insurer Aflac’s tower in Columbus, Georgia. Laura Kane said two shots, coming from the east...
S&P Assesses Current Conditions for Bermuda Insurers, Reinsurers
Nov 14 2008 // Standard & Poor’s Ratings Services has just published a new study – “Bermuda Insurers And Reinsurers: The Good, The Bad, And The Ugly – ” which examines the current status of the...
Texas Regulators Respond to AIG Financial Developments
Nov 14 2008 // With the U.S. Treasury and the Federal Reserve Board pouring more money into loans for American International Group Inc. (AIG) hoping to keep the financial giant afloat, the Texas Department of Insurance (TDI) issued a...
Idaho Insurance Director Cautions Insurers on Use of Credit Scores
Nov 13 2008 // Idaho Department of Insurance Director Bill Deal is urging insurers to carefully review their use of credit related information in rating insurance policies. “In this difficult economy, the finances of many Idahoans...
Market Perception of Creditworthiness Affects Insurers, Says S&P
Nov 13 2008 // A report from Standard & Poor’s Ratings Services notes that “in a confidence-sensitive industry, many insurers have seen their financial strength acutely affected by market perception of their credit...
