Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Workers’ Comp Insurer AmCOMP Fights Excess Profits Charge in Florida
Jun 11 2008 // Florida-based workers compensation insurer AmCOMP Inc. has asked for a hearing to dispute Florida officials’ claim that its profits have been excessive. According to AmCOMP’s request for the hearing, the...
HSB InSight Addresses Inadequate Business Property Valuations
Jun 11 2008 // The Hartford Steam Boiler Inspection and Insurance Co. (HSB) is now offering HSB InSight, a new insurance-to-value (ITV) service designed to help insurers address inadequate valuations for business personal property and...
Insurors Group Adds Rio Grande Valley-based Shepard Walton King
Jun 11 2008 // Insurors Group LLC has added Cameron Investment Company Inc., dba: Shepard Walton King Insurance Group, located in McAllen and Harlingen, Texas, as one of its members. Shepard Walton King Insurance Group was formed in 1995...
S&P: Investment Opportunities Still Exist For Insurers, Despite A Troubled Market
Jun 10 2008 // For insurance companies, today’s turbulent markets are presenting both tough investment choices and significant opportunities. That was the sense of a panel of investment officers at Standard & Poor’s...
Texas’ April Enforcement Actions Result in $771K in Fines, Restitution
Jun 10 2008 // Enforcement actions taken by Texas Insurance Commissioner Mike Geeslin that became final during April 2008 include nine license revocations, two license denials and fines and restitution totaling $771,165. The today...
Insurer Must Pay New Orleans Grocer $21M for Katrina Damage
Jun 6 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...
Federal Appeals Court Takes on Louisiana’s Case Against Insurers
Jun 6 2008 // A federal appeals court agreed to hear a lawsuit that Louisiana’s former attorney general filed against some of the nation’s largest insurance companies after Hurricane Katrina. The 5th U.S. Circuit Court of...
Mass. Agents, Arbella Challenge Managed Competition Rules
Jun 6 2008 // Massachusetts insurance agents and one of the state’s biggest auto insurers are going to court seeking to overturn rules that they say give new carriers an unfair advantage under the state’s new managed...
Spain’s MAPFRE Completes Acquisition of U.S. Insurer Commerce
Jun 5 2008 // In a joint announcement Spain’s largest insurer, MAPFRE S.A. and The Massachusetts-based Commerce Group, Inc. announced that MAPFRE has completed its acquisition of Commerce. The parties reached agreement on a deal...
Analysts: U.S. Insurers Sitting with Excess Capital Face Rocky Road
Jun 5 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 Standard & Poor’s Ratings Services conference this...
Final Call: Rate Your Regional vs. National Insurers
Jun 5 2008 // How do you rank your relationships with regional and national property/casualty insurers? How do their services compare? How would you rate underwriter knowledge, experience and stability for regional and national...
How Hartford-Progressive Alliance for Banks Works
Jun 4 2008 // Agents submitting community bank risks to the new alliance between The Hartford and Progressive should expect to work with underwriters from each carrier but the companies promise quick turnaround. According to the...
Atlanta Insurer Increases Environmental Surety Bond Limits
Jun 4 2008 // Atlanta-based American Safety Insurance Services Inc. increased its environmental surety bond limits to $5 million single and $10 million aggregate with no collateral requirements. ASI’s environmental surety bond...
Property Casualty Insurers Association Hires Sr. VP of Public Affairs
Jun 4 2008 // The Property Casualty Insurers Association of America (PCI) has hired Marguerite Murer as senior vice president of public affairs. Murer has extensive public affairs experience in both the public and private sectors. She...
Insurers Blast Insurance Regulators as Closed to Open Dialogue
Jun 4 2008 // The National Association of Insurance Commissioners is losing trust because it at times operates behind closed doors and is not open to dialogue with the insurance industry. That was the criticism of NAIC, as voiced by...
The 2007 Numbers are in for National Contractors Insurance Company, Inc., A Risk Retention Group (NCIC)
Jun 4 2008 // Another Year of Solid Growth, With 2007 Premiums Increasing By 16.5% Over 2006 Strength and Security – Reinsured by AM Best Rated A- IX, 95:5 Quota Share After 1st $10,000 – Arguably One of the Strongest...
Quantum Offers Online Version of Popular RealTimeExpress SEMCI Product
Jun 3 2008 // Quantum Integrated Systems, Inc., has expanded its popular RealTimeExpress™ to include a “software as a service” offering. This eliminates the expense of custom development and installation and makes...
Liberty Mutual to Partner with Dabur to Form Indian Insurance Company
Jun 3 2008 // The Liberty Mutual Group announced that it and its partner Dabur GI Invest Corp plan to form a non-life insurance company in India to provide personal and commercial insurance products through a range of distribution...
Court Turns Maryland Condo Insurance Upside Down
Jun 3 2008 // A dispute over $6,400 in damage to a Maryland townhouse led to an unexpected court decision that has reversed 26 years of standard industry practice, and left insurers, agents, lawmakers and condominium associations...
Agents and Brokers: Rate Your Regional vs. National Insurers
Jun 3 2008 // How do you rank your relationships with regional and national property/casualty insurers? How do their services compare? How would you rate underwriter knowledge, experience and stability for regional and national...
