Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Asian Insurers Expected to Seize on Credit Crunch as Opening to Buy in U.S. and Europe
Jun 3 2008 // Asian insurers, particularly China’s major players, are likely seize the credit crunch as an opportunity to snap up assets in Europe and the United States, senior insurance figures said on Tuesday. “Asian...
State Insurance Regulators Approve Municipal Bond Credit Rating Reform
Jun 2 2008 // State insurance regulators and their National Association of Insurance Commissioners (NAIC) moved forward this weekend with a regulatory response that they hope will help the municipal bond market by reducing pressure on...
Montana’s Insurance Regulator Wants to Open Insurer Data
Jun 2 2008 // Montana’s insurance regulator John Morrison, said he wants to give consumers information on the conduct of insurance companies. Morrison said consumers could check to see how often a company cancels policies, delays...
Insurance Commissioners, Fireman’s Fund Execs Address Climate Change
Jun 2 2008 // Representatives from the nation’s insurance regulator community adopted a climate change white paper at the National Association of Insurance Commissioners Summer Meeting in San Francisco on Monday, June 2, 2008. The...
Case Watch
Jun 2 2008 // Exclusions United Fire & Casualty Co. v. Keely & Sons, Inc. Ill. App. May 2, 2008 Commercial policy does not provide coverage to policyholder for claims of spoliation of evidence. A policyholder was sued when...
Fraud fight up against budget shortfalls
Jun 2 2008 // But Southeast states show some progress, with auto ‘give-ups’ among the targets Budget shortfalls have slowed the progress of fraud bills in many states around the U.S. while lawmakers feverishly work to find...
Credit Woes May Cause Turbulence in Catastrophe Markets
Jun 2 2008 // Florida, Louisiana and Texas may be most at risk The credit crunch in the U.S. financial markets that boiled over due to the subprime mortgage meltdown may affect the ability of insurers and reinsurers that cover coastal...
GINA: A Solution in Search of a Problem?
Jun 2 2008 // New law prohibits insurers from genetic discrimination Congress passed — and the President signed — a bill prohibiting discrimination by health plans and employers based on an individual’s genetic makeup. The...
Insurance Companies Face Global Warming Claims
Jun 2 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...
Auto Insurers Seek to Attract Latinos
Jun 2 2008 // Majority of advertising appearing in Spanish language media Automobile insurers are hungering for the Hispanic market’s premium dollars, according to a new report by Hispanic Market Weekly that analyzed marketing and...
GINA: A Solution in Search of a Problem?
Jun 2 2008 // New law prohibits insurers from genetic discrimination Congress passed — and the President signed — a bill prohibiting discrimination by health plans and employers based on an individual’s genetic makeup. The...
Getting Down to Business
Jun 2 2008 // When does the business interruption restoration period begin? A typical business interruption policy limits the period of time for which an insured can recover to the so-called “restoration period.” The...
California House Passes Agent-Broker Bill
Jun 2 2008 // The California Assembly on May 22, 2008, passed a bill that would help to clarify when an insurance professional is acting in the capacity of a broker versus an agent. The Assembly voted 60-6 in favor of AB 2956. The...
Oregon Collision Shops Give State Farm High Customer Service Marks
Jun 2 2008 // State Farm and smaller Northwest insurers are among the best at taking care of customers after an accident. Some larger insurers — Progressive, Allstate, Safeco and Farmers Insurance — are among the worst. That was the...
The Hartford, Progressive, ABA Team up for Community Bank Program
Jun 2 2008 // The New Alliance Can Handle Banks With up to $5 Billion in Assets but the ‘Sweet Spot’ is up to $2 Billion Agents submitting community bank risks to the new alliance between The Hartford and Progressive should...
Soft Market Tests Program Administrators’ Survival Skills
Jun 2 2008 // It’s Time to Focus Marketing, Upgrade Data, Round Out Business In a recent letter to fellow program administrators, Greg Thompson, CEO of Thompson Insurance Enterprises Inc. and Target Markets Program Administrators...
What to Watch for When Navigating EPLI Landmines
Jun 2 2008 // Understanding Prior Acts, Warranty Statements, Pending and Prior Litigation Dates and More Assuming that all employment practices liability insurance policies (EPLI) are created equal could be one of the biggest mistakes...
Program Market to Remain Vibrant in 2008
Jun 2 2008 // Carrier Appetite Opens the Door to Programs of Almost Any Size, Survey Reports The program market continues to grow and will continue to grow in 2008, as insurance companies focus on core concerns of new business...
A Soft Market Solution: MGAs and Risk Sharing
Jun 2 2008 // Part 2: Soft Market Benefits of Risk Sharing Extend Beyond Potential for Increased Profits Editor’s Note: The following is part two of a discussion of the risk retention options available to managing general agents,...
State Regulators Consider Centralizing Insurance Market Conduct Reporting
May 30 2008 // State insurance regulators want to centralize the filing and storage of their annual market conduct reports on insurance companies. The regulators are reviewing a proposal that would allow insurers to make one filing, as...
