Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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...
S&P Article Finds Global Insurers Weathering Credit Turmoil – So Far
Oct 16 2008 // In a newly published article – Global Insurers Weather The Credit Turmoil–Thus Far – Standard & Poor’s credit analysts have concluded that “many of the largest insurers around the world...
Insurers to New York: It’s Not Just Gas That Drives Insurance Rates
Oct 16 2008 // The Property Casualty Insurers Association of America (PCI) said it was disappointed by New York regulators’ decision to deny most auto insurers’ rate increases based on the assumption that higher gas prices...
Fitch: Insurers Face Mounting Pressure on Ratings Worldwide
Oct 16 2008 // Balance sheet pressures for insurance and reinsurance companies globally have become more severe as insurers experience greater unrealized market value losses, and take impairments, on their investment portfolios, says...
AIG Commercial Insurance Unit Financially Fit and Fighting Back
Oct 14 2008 // The very strengths in its balance sheet, surplus, underwriting and personnel that have made the Commercial Insurance unit of American International Group (AIG) a market leader are keeping it competitive even while the...
Mass. May End Auto Insurance Appeals; Agents Balk
Oct 13 2008 // The Massachusetts insurance commissioner, addressing a concern of some insurers, is considering eliminating the unique right under which Bay State drivers have been able to appeal auto premium surcharges they consider...
Global Crisis Claims Japan Life Insurer, Markets Panic
Oct 10 2008 // The global credit crisis claimed its first Japanese financial institution on Friday and the government looked to prop up smaller banks, as Tokyo shares suffered their biggest rout since a 1987 crash. Government ministers...
Insurer: Odds of Deer-vehicle Crashes Highest in West Virginia
Oct 10 2008 // For the second straight year, data gathered by State Farm Insurance shows that vehicles are most likely to collide with deer in West Virginia — a one in 45 chance. That’s up from a year ago when the odds were...
American National Aiding Clients of Former Agent Accused of Premium Theft
Oct 10 2008 // Galveston, Texas-based American National Insurance Company and its subsidiary, American National Property and Casualty Company learned shortly after Hurricane Ike that one of its agents had failed to forward to the Texas...
Insurers See Lower 3Q Income, S&P Revises Life Insurer Outlook
Oct 10 2008 // U.S. life insurers Lincoln National Corp. and ACE Ltd reassured investors that they have enough capital, but credit rating agency Standard & Poor’s cut its outlook for the industry on Friday. The Progressive...
Aegon, Aviva Bolster Risk Hedges, EU Insurers’ Shares Rise
Oct 9 2008 // European insurance shares rose sharply on Thursday, as Dutch insurer Aegon announced steps to boost capital and reduce risk, while British peer Aviva Plc bolstered its hedges against slumping stock markets. Aegon, which...
Citing Financial Crisis, Maryland’s State Auto Insurer Delays Rate Cut
Oct 9 2008 // The Maryland Automobile Insurance Fund (MAIF) has been granted a 45-day deferral of a decision that might have allowed MAIF to reduce rates by nearly five percent, according to Maryland Insurance Commissioner Ralph S....
Hurricane Ike’s Windstorm Costs Insurers $550 Million in Ohio Damages
Oct 9 2008 // Winds from Hurricane Ike will cost insurance companies at least $553.1 million to cover property damage and other losses in Ohio, making it the state’s most expensive natural disaster in more than three decades, a...
Study Shows Unintended Consequence of 1st-Party Bad Faith Liabiity
Oct 9 2008 // Bad faith remedies designed to protect insurance consumers from unfair claim settlement practices can potentially harm consumers, warns a new report published by the National Association of Mutual Insurance Companies...
