Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Florida Extends State Insurer’s Rate Freeze for Another Year
Jun 16 2008 // When the dust settled at the end of the 2008 legislative session, Florida lawmakers had presented their governor with a full plate of insurance issues, the most significant of which is a bill including a rate-freeze...
Hurricane Forecasts Have Limited Value for Planners, Insurers
Jun 16 2008 // They May Help the Public Think About Upcoming Storms But Forecasts Have Been Largely Misused by National Media, Says One Expert Each April, weather wizard William Gray emerges from his burrow deep in the Rocky Mountains to...
Why Regional Insurers Rate
Jun 16 2008 // Regional and Specialty Carriers Are Critically Important Carriers in the Marketplace This year, 2008 marks the second year that Demotech, Inc., as Insurance Journal‘s Official Research Partner, has published our...
Auto Insurers Seek to Attract Latinos
Jun 16 2008 // Majority of Advertising Appearing in Spanish-Language Media Automobile insurers are hungering for the Hispanic market’s premium dollars, according to a report by Hispanic Market Weekly that analyzed marketing and...
Insurance Companies Face Global Warming Claims
Jun 16 2008 // Corporations Exposed to Liability for Greenhouse Gas Emissions The industry is about to enter an era of global warming insurance claims. Scientists have been warning about the impact global warming could have if greenhouse...
Why Regional Insurers Rate
Jun 16 2008 // Regional and Specialty Carriers Are Critically Important Carriers in the Marketplace This year, 2008 marks the second year that Demotech, Inc., as Insurance Journal‘s Official Research Partner, has published our...
Insurer Must Pay New Orleans Grocer $21M for Katrina Damage
Jun 16 2008 // An insurance company unreasonably failed to pay for wind and other damage from Hurricane Katrina and must pay more than $21 million to the owner of a New Orleans grocery chain, a federal jury has found. “It’s...
Contractors Should Consider How They Build Their Workforce
Jun 16 2008 // Should Subcontractors Be Hired as “Employees” or Independent Contractors? Two recent events remind the insurance industry of the importance of understanding the relationship of a worker at a construction site...
Why Regional Insurers Rate
Jun 16 2008 // Regional and Specialty Carriers Are Critically Important Carriers in the Marketplace This year, 2008, marks the second year in a row that Demotech Inc., as Insurance Journal‘s official research partner, published our...
Super Regional P/C Insurers™
Jun 16 2008 // Multi-State, Players Multi-Line Revealed While many property/casualty insurers referred to themselves as super regionals, the definition of a super regional insurer remained unclear until the Feb. 12, 2007, issue of...
Foreign Insurers Look at Potential Acquisitions in a Weakened U.S. and E.U.
Jun 16 2008 // Asian Insurers May Buy in U.S., E.U.; Bermuda Beefs Up Regulators; Zurich Favored for Acquisition Asian insurers may go on a buying spree. A number of companies, particularly China’s major players, are likely to...
S&P: U.S. Insurers Sitting with Excess Capital Face Rocky Road
Jun 16 2008 // U.S. insurers, in an industry awash in excess capital, face a stretch of turbulence that won’t soon abate, according to analysts at a recent Standard & Poor’s Ratings Services...
Exclusive Survey, Part 1: Strengths and Weaknesses – What Agents Think of Regional and National P/C Insurers
Jun 16 2008 // Where Regional P/C Insurers Beat Out Nationals … and Where Nationals Outperform Regionals Regional carriers rate better in underwriting experience, relationships and stability as well as in customer service and agency...
Best Affirms Am Trust Group Ratings; Revises Outlook to Positive
Jun 13 2008 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of the New York-based AmTrust Group. The ratings also “apply to...
Best Affirms Hanover Group’s Ratings
Jun 13 2008 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of Hanover Insurance Group Property and Casualty Companies of Worcester,...
S&P: Volatility, Regulation Testing Global Multiline Insurers
Jun 12 2008 // Managers of global multiline insurance companies have their work cut out for them in 2008, according to analysts. The year 2008 will be one of challenge for global multiline insurers as they simultaneously try to remain...
Analysts: Insurers Equipped to Weather Subprime Mortgage Crisis
Jun 12 2008 // Insurers continue to emerge from the credit crisis with strength and are among the least impacted of all financial institutions, according to a senior ratings agency official speaking at the Casualty Actuarial...
Kansas Insurance Department Offers Assistance to Disaster Victims
Jun 12 2008 // Kansas Commissioner of Insurance Sandy Praeger said today insurance information for recent disaster victims in northern Kansas is available from the Kansas Insurance Department’s Consumer Assistance Hotline,...
Colorado Approves Auto Insurance Med Pay Bill, ‘Bad Faith’ Bill
Jun 12 2008 // Colorado Gov. Bill Ritter has signed Senate Bill 11, which creates rules concerning funding for the provision of uncompensated trauma care to persons injured in motor vehicle accidents, and House Bill 1407, allowing the...
Court: Insurer Has Right to Reimbursement for Settlement Monies
Jun 12 2008 // A federal district court in Nevada has ruled that an insurer has a right to reimbursement for settlement monies paid for non-covered damages. In Great American Insurance Company of New York v. Vegas Construction Company,...
