Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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,...
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...
