Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Consumer Group Alleges New Rules Will Raise Insurance Rates in Calif.
May 2 2008 // A consumer group this week accused California Insurance Commissioner Steve Poizner of adopting emergency regulations that would lead to higher rates for auto, homeowner and most other types of insurance coverage. In a...
New York: Workers’ Comp Insurers Can Stop Security Fund Payments
May 2 2008 // Workers’ compensation insurers in New York can cease making payments into the state’s security fund for that coverage, now that the fund has amassed at least $74 million in assets, the Insurance Department...
Colorado Senate OKs Requiring Car Insurers to Offer Medical Coverage
May 2 2008 // Colorado drivers would be nudged into buying medical coverage on their car insurance policies under a proposal backed by the state Senate on April 29. Under the bill, insurance companies would have to include $5,000 in...
Davidow, Shea Picked to Lead Medicus Insurance Company
May 2 2008 // Eugenie Shea joined Austin, Texas-based medical liability insurer Medicus Insurance Company as president and chief operating officer. In addition to her responsibilities as president and COO, Shea will also serve as...
Insurers Expected to Halt New Business in Nevada as Temblors Continue
May 1 2008 // Dozens of minor earthquakes shook Reno, Nevada, on April 27 as a sequence of temblors entered its third month and prompted some frazzled residents to leave their homes. Officials recorded more than 150 aftershocks on the...
Coast Strongly Influences Louisiana, Texas Property Markets
May 1 2008 // Louisiana and Texas share a lot. Besides sharing a common border, they share the Gulf of Mexico — both its bounty and its battering, in the form of tropical storms and hurricanes. The latter greatly influences the rates...
Insurers Boost California Economy By $27.3 Billion
Apr 29 2008 // California has a $1.6 trillion economy that ranks it as a global financial power, thanks in part to a multi-billion dollar boost from the insurance industry, according to a new report by the Insurance Information Network...
9 Catastrophes to Cost P/C Insurers $3 Billion in 1st Quarter
Apr 29 2008 // U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $3.35 billion for first-quarter property losses resulting from nine catastrophes. The nine events identified as catastrophes by the...
National Group Says Iowa Legislature Ends on Mixed Note for Insurers
Apr 29 2008 // The 2008 Iowa legislative session ended with mixed results for the insurance industry, according to the American Insurance Association (AIA). “Iowa’s Legislature was highly active on insurance issues this year...
Colorado Bill Would Boost Penalties for Poor Insurance Carrier Conduct
Apr 28 2008 // The Colorado House is considering a bill that is designed to protect consumers by strengthen penalities when insurance carriers act unreasonably. However, the Property Casualty Insurers Association of America (PCI) is...
Mich. Supreme Court Limits Time to Sue Insurers
Apr 28 2008 // The Michigan Supreme Court on Wednesday, April 23rd, struck down a legal precedent that generally gave motorists more time to sue their insurance company for unpaid claims under some circumstances. The 4-3 ruling follows...
Ironshore Approved as E&S Insurer in New York
Apr 28 2008 // The Excess Line Association of New York has approved Ironshore Insurance Ltd. as an eligible excess and surplus lines insurer in the Empire State. Ironshore – a Hamilton, Bermuda-based specialty insurer with roughly...
Survey: Medical Liability Insurers Optimistic About Short-Term Market
Apr 25 2008 // U.S. medical liability insurers anticipate their primary rate levels to decrease in 2008, compared with 2007, while the average frequency and severity of claims sustained by their firms will remain about the same as last...
Insurers to Build Research Center for Natural Disaster Property Losses
Apr 22 2008 // A new state-of-the-art applied research facility will use science and technology to expand capabilities to create more durable homes and businesses and reduce the human, financial and societal costs of natural...
N.Y. Insurers Not Happy Over $40 Million in State Levies
Apr 21 2008 // The New York Insurance Association is criticizing the state Legislature’s passage of the portion of the 2008 budget which hikes assessments on insurers by $40 million — a 20 percent increase over last year, the...
Mass. Agents Balk Over 6-Month Auto Policies
Apr 21 2008 // Massachusetts will permit auto insurers to sell six-month policies in another change under the state’s newly operational managed competition system that gives insurers more freedom. Independent agents have balked at...
N.D. Jury Awards Couple More Than $2 Million on Bad Faith Claim
Apr 21 2008 // A federal jury has awarded the mayor of a small North Dakota town more than $2 million in a lawsuit over an insurance company’s failure to pay a claim after a fire. Timothy and Sylvia Moore sued American Family...
Insurers Keen on NCAA’s Basket-full of Opportunities
Apr 21 2008 // The Hartford and XL Insurance pursue insurance industry’s love affair with sports-related, 360-degree marketing The University of Kansas men’s basketball team may have been the big winner in the recent NCAA...
Coast Has Big Influence on Louisiana and Texas Property Markets
Apr 21 2008 // After two mild catastrophe years, states hope to share better coverage options Louisiana and Texas share a lot. Besides sharing a common border, they share the Gulf of Mexico — both its bounty and its battering, in the...
La. Supreme Court: Flood Exclusion in Insurance Policy is Not Ambiguous
Apr 21 2008 // Finding the flood exclusion in an insurance policy sold by Lafayette Insurance Company to a New Orleans policyholder is unambiguous, the Louisiana Supreme Court reversed, in part, a previous ruling by a state appeals court...