Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Texas Monitoring for Fairness in Treatment of Ike-Affected Policyholders
Oct 23 2008 // In the aftermath of Hurricane Ike, the Texas Department of Insurance (TDI) reported it has received complaints from consumers indicating that through the words, tone, demeanor or actions of their insurance adjusters, they...
Minnesota Fines Agency for Advertisement Exploiting AIG Situation
Oct 23 2008 // The Minnesota Department of Commerce has taken action against a Duluth insurance agent and agency for publishing a newspaper advertisement that solicited business from current policyholders of American International Group...
Update: Georgia Insurer, Association Resolve Proxy Dispute
Oct 22 2008 // Atlanta-based Builders Insurance Group and the Home Builders Association of Georgia agreed to resolve and conclude HBAG’s proxy contest and other outstanding issues between the parties. Earlier this year when...
Towers Perrin Sees P/C Insurer Surplus Decline of 8% for Q3
Oct 22 2008 // The U.S. property/ casualty industry’s reported statutory surplus at the end of the third quarter is projected to decline as much as $42 billion, or 8 percent, from the beginning of the year, according to estimates...
What Keeps Independent Agents Awake at Night? Commissions Just One of Several Concerns
Oct 21 2008 // Independent insurance agents and brokers are concerned about the future of contingent commissions, according to a recent survey. But that’s just one of several major concerns agents have. They also have doubts about...
Insurers’ Study Warns on North Carolina Beach Plan Deficit
Oct 21 2008 // The Property Casualty Insurers Association of America unveiled results of an independent report which found that the North Carolina Insurance Underwriting Association, a.k.a. the Beach Plan, is not financially prepared to...
Annual Survey Lists Top 10 Ease of Doing Business P/C Insurers
Oct 20 2008 // West Bend Mutual Insurance Company of Wisconsin (No. 1), Central Mutual Insurance (No. 2), Safety Insurance (No. 3), Frankenmuth Insurance (No. 4), and Selective Insurance (No. 5) earned the top five spots when it comes to...
Insurers Need to Beware of Business ‘Red Flags’
Oct 20 2008 // Identity Theft Rules to Take Effect on November 1 New federal “Red Flag” regulations will soon require businesses of all sizes to have identity theft and data breach protections in place. By Nov. 1, 2008, the...
Wisconsin Insurance Commissioner Sean Dilweg
Oct 20 2008 // From tornadoes, hail and flooding to the impact of the AIG bailout and the federal versus state regulation debate, Sean Dilweg has a lot on his plate as Wisconsin’s insurance commissioner. Appointed by Wisconsin...
Carriers’ Marketing to Latinos is Good but Could be Better, Say Agents
Oct 20 2008 // A majority of independent agents and brokers in a good position to know say insurance carriers do an acceptable job marketing to the Latino community, although as many as 40 percent also rate carriers’ efforts as...
Face-to-Face
Oct 20 2008 // Insurance carriers have not perfected the art of marketing to Latin independent agents or the Latino market. They are not terrible at it but they could be better. In a recent Insurance Journal survey (see page 50), nearly...
Insurers Need to Beware of Business ‘Red Flags’
Oct 20 2008 // Identity Theft Rules to Take Effect on November 1 New federal “Red Flag” regulations will soon require businesses of all sizes to have identity theft and data breach protections in place. By Nov. 1, 2008, the...
California Approves Legislation To Transform Workers’ Comp Insurer
Oct 20 2008 // Calif. Gov. Arnold Schwarzenegger has signed Assembly Bill 1874 and Senate Bill 1145 into law to help increase transparency and strengthen corporate governance at the Golden State’s workers’ compensation...
Cross-Border Trucking, Competitiveness Concerns in Arizona
Oct 20 2008 // Being the sixth-largest state in the nation, and one of the fastest-growing, makes Arizona an attractive place to live and do business. And that means the state is desirable from an insurance perspective, too, according to...
Premium Growth: Top 25 P/C Premium Gainers Through Q2 2007
Oct 20 2008 // Vita Sackville (1892-1962) was a British novelist and poet. In 1928, she wrote, “Growth is exciting; growth is dynamic and alarming.” Eighty years later, her description of growth is more accurate than ever....
Surplus Lines: A Market in Transition
Oct 20 2008 // The Soft Market and Financial Crisis Could Lead Firms into ‘Uncharted Waters’ For surplus lines insurance providers the economic turmoil and soft insurance market means a double-hit on profitability. Some...
From Seed to Supermarket
Oct 20 2008 // Agricultural Risks Require the Knowledge and Skill of Specialty Agents Agribusiness insurance has grown significantly as food production has become a global commodity. Since World War II there has been a dramatic reduction...
Medical Professional Liability Insurer Drops Rates by 6.2% in Texas
Oct 17 2008 // Medical professional liability insurer Medical Protective announced a 6.2 percent average rate decrease for physicians in Texas, effective Jan. 1, 2009. The rate change represents the sixth rate reduction for the insurer...
Unlike Banks, German Insurers Unlikely to Need Government Cash
Oct 16 2008 // German insurers said on Wednesday they don’t intend to use Berlin’s 500 billion euro ($683 billion) rescue fund, while public-sector banking officials traded barbs over who might be first to ask for...
A.M. Best, Insurers Concerned over Florida’s Catastrophe Fund Capabilities
Oct 16 2008 // The Florida Hurricane Catastrophe Fund Advisory Council recently presented its 2008 October bonding estimates, rattling the nerves of insurers in the process. While David Sampson, president and chief executive officer of...
