Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Wisconsin Insurance Company President Dies in 2 Car Collision
Aug 13 2008 // The president of Mt. Morris Mutual Insurance Co. in Coloma and his 8-year-old grandson have died in a two-vehicle crash in Jackson County, Wis. Seventy-two-year-old Howard Fenske and Blake Fenske died about 5 a.m. Monday...
Insurers Say Higher Gas Prices May Not Lead to Lower Claim Costs
Aug 13 2008 // Insurers caution public policymakers to not conclude that auto insurance premiums should be reduced because the high price of gas may be lowering the number of miles driven. Based on a new paper by the Property Casualty...
American Slain in in Beijing Was Board Chairman of Illinois Insurance Company
Aug 12 2008 // An American stabbed to death in China in an attack that also critically injured his wife had ties to the Metro East, Ill. Sixty-two-year-old Todd Bachman was the board chairman at Edwardsville-based Hortica. That company...
Bermuda Monetary Authority Sets New Solvency II Compliant Rules
Aug 11 2008 // The Bermuda Monetary Authority (BMA – www.bma.bm) has announced what it describes “significant enhancements to Bermuda’s solvency and disclosure regulations for insurance.” Specifically the BMA said...
Whittington Completes Sale of Americas Insurance to ISG Acquisition
Aug 11 2008 // The Singapore-based Whittington Group announced that it has completed the sale of Americas Insurance Company, its non-core US insurer in run-off, to ISG Acquisition II LLC, the specialist acquisition arm of Independent...
California Senate Committee Passes Pay-As-You-Drive Legislation
Aug 8 2008 // Legislation that would allow insurers to more accurately base auto insurance premiums exactly on how many miles a motorist drives passed the California Senate Appropriations Committee. Proposition 103 requires insurers to...
Colorado Complaint Index Compares Insurance Companies
Aug 8 2008 // Colorado’s Division of Insurance has published an online index of insurance company complaints, allowing consumers to see whether a company has an above, below, or average number of complaints compared to other...
AIG CEO Ready to ‘Take a Scalpel’ to Reshape Insurer
Aug 8 2008 // American International Group’s Chief Executive Robert Willumstad will soon take the scalpel to the world’s largest insurer — and not a minute too soon for investors blindsided by mortgage losses that led...
Louisiana Workers’ Compensation Carrier Boosts Q2 Earnings
Aug 8 2008 // Louisiana-based Amerisafe Inc., which provides workers’ compensation insurance for small to mid-sized companies in hazardous industries, recorded a 13 percent increase in second-quarter profit despite a slight...
A.M. Best Rates Florida-based PURE Group of Insurance Companies
Aug 8 2008 // A.M. Best Co. assigned a financial strength rating of A- (Excellent) and issuer credit ratings of “a-” to The PURE Group of Insurance Companies and its members: Privilege Underwriters Reciprocal Exchange and...
Texas Orders $4.4M in Fines and Restitution in June
Aug 8 2008 // Enforcement actions by Texas Commissioner Mike Geeslin in June included five license revocations, a license denial, and fines and restitution totaling $4,422,505, theTexas Department of Insurance reported. Copies of...
Credit Crunch Cripples European Insurers’ Profits
Aug 7 2008 // The global credit crisis tore a hole in the profits of some of Europe’s top insurers on Thursday, with AXA and Aegon both posting lower earnings. Share reactions were mixed across Europe. The DJ Stoxx European...
U.S. Attorney Says Okla.’s Stipe Illegally Ran Insurance Company
Aug 7 2008 // U.S. Attorney Sheldon Sperling has filed a complaint against former Oklahoma State Sen. Gene Stipe accusing him of illegally running an insurance company. Stipe pleaded guilty in 2004 of perjury, conspiracy to obstruct a...
Southern Insurance Company to Act as Servicing Insurer for New Mexico FAIR Plan
Aug 7 2008 // The Republic Group announced that Southern Insurance Co. has been selected by the Governing Committee of the New Mexico Property Insurance Program to act as servicing insurer for the New Mexico FAIR Plan for a three-year...
Insurers Escape Big Q2 Mortgage Losses – So Far
Aug 5 2008 // The first read on insurance companies’ second-quarter earnings shows they’re taking hits from the same kinds of mortgage-backed investments as other financial firms, but so far, most companies haven’t had...
Reducing the Risk in Florida Surplus Lines
Aug 4 2008 // Build Relationships, Advises FSLA Board Member O’Leary Like trapeze artists performing without a net, surplus lines specialists operate without the backing of the state guaranty fund, which picks up the pieces for...
What Retail Agents Need to Know to Access Florida Surplus Lines
Aug 4 2008 // 10 +1 Questions of Advice for Agents Thinking of Sticking Their Toes into Florida’s Surplus Lines Waters Gary Pullen, executive director, and the staff of the Florida Surplus Line Service Office supplied answers to...
Georgia Home Builders Association and Its Member Insurer Hammer Away at Each Other
Aug 4 2008 // A Georgia association of builders and the insurer that has offered workers’ compensation and general liability insurance exclusively to its members are at odds over the insurer’s attempt to end its exclusive...
Insurers, Agents Urge Coastal Wind Policy from Texas to Maine
Aug 4 2008 // Travelers, Nationwide Mutual and two leading national insurance producer organizations are supporting a plan they say will make private windstorm insurance more affordable and available in coastal areas. Federal...
Study: Buyer Satisfaction Better When Local Agent Plays a Role
Aug 4 2008 // Buyers who purchase their auto insurance policies through local agents give higher average satisfaction scores compared with those who purchase policies from call center representatives or via Internet channels, a new...
