Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Industry Lines Up ‘Pro and Con’ on Bush Plan for Federal Regulator
Apr 7 2008 // Insurance industry groups lined up quickly with responses to the Bush administration’s proposed overhaul of the way the government regulates the nation’s financial services industries, including insurance. The...
During a Recession, Agents Tend to Fare Better Than Their Customers
Apr 7 2008 // Agents writing residential contractors feel recession first; manufacturing, retail segments follow Main Street independent insurance agents could take a bigger hit than their larger counterparts as an economic recession...
Clinton Plan Would Cut Tax Benefit for Foreign Insurers Competing for Business in U.S.
Apr 4 2008 // Democratic presidential hopeful Hillary Clinton, as part of a broad plan to boost the fortunes of U.S. workers, if elected would clamp down on tax benefits to foreign insurers doing business in the United States, she...
U.S. Criticizes Chinese Insurers, Other Firms for Avoiding Competition
Apr 4 2008 // Influential Chinese companies that want to avoid competition are the biggest threat to more economic reform in China, U.S. Treasury Secretary Henry Paulson said Thursday. Paulson’s comment echoed complaints by...
Louisiana AG’s Suit Against Insurers Over Katrina Stays in U.S. Court
Apr 4 2008 // Policyholders may not be entitled to recover any money from a sweeping antitrust lawsuit that former Attorney General Charles Foti filed against some of the nation’s largest insurers after Hurricane Katrina, a...
Insurer Group Sees Tennessee Legislation as Victory for Insured Drivers
Apr 4 2008 // Tennessee drivers scored a major legislative victory with the passage of a new law that stops cities from imposing hidden taxes on motorists, according to the Property Casualty Insurers Association of America. The...
Mass. AG Says State Auto Insurance Web Site Misleads Consumers
Apr 3 2008 // A state Web site intended to educate consumers about Massachusetts’ newly deregulated auto insurance market instead gives them inaccurate rate comparisons, Attorney General Martha Coakley said Tuesday on the day the...
Hurricane Law Group Alleges Florida Withheld Consumers’ Mediation Options
Apr 3 2008 // The Florida-based Hurricane Law Group announced today that it has filed a lawsuit in the Circuit Court of the Second Judicial Circuit in Leon County against CFO Alex Sink, Insurance Commissioner Kevin McCarty, the...
Unitrin Completes Acquisition of Fire and Life Insurer Primesco
Apr 2 2008 // Unitrin, Inc. reported that it has completed its previously announced acquisition of Primesco, Inc. of Decatur, Alabama, in a cash merger transaction valued at $95.6 million. Primesco’s wholly-owned subsidiaries,...
Connecticut Anti-steering Bill Heads to Full Vote
Apr 2 2008 // A Connecticut bill that restricts auto insurers from directing clients to certain car repair shops – legislation opposed by insurers and agents alike – is headed for a floor vote in the state’s General...
California Legislature Considers Changes to State Workers’ Comp Insurer
Apr 2 2008 // California’s Legislature will hear testimony today regarding operations of the state’s largest workers’ compensation insurer. Senate Bill 1145 will be heard by the Senate Banking, Finance and Insurance...
Actuaries Identify Hurricanes as Top Insurance Risk for 2008
Apr 2 2008 // Hurricanes pose the greatest act of nature risk to the U.S. insurance industry for 2008, according to EMB, an actuarial consulting firm. With the hurricane season on the horizon, insurers must prepare for this heightened...
Officials File Civil Lawsuit against 3 Former Florida Insurance Companies
Apr 1 2008 // The Florida Department of Financial Services filed a civil lawsuit against the officers, directors and affiliates of three former Florida insurance companies, according to Chief Financial Officer Alex Sink. Lawyers for...
No April Fool’s Prank: Mass. Drivers Really Can Shop Around Starting Today
Apr 1 2008 // Today — April Fool’s Day — is the day when competitive rating in the Massachusetts private passenger auto insurance market becomes real. No kidding. For the first time in more than three decades, the state is...
Proposal Easing Lawsuits against Insurers Clears Minnesota House
Apr 1 2008 // The Minnesota House has approved legislation making it easier for consumers to sue their insurance companies over denied claims. The bill passed on a vote of 81-51 after it was changed to make it more like a Senate version...
Disaster Derivatives Set to Grow in 2008
Apr 1 2008 // With the United States bracing for big hurricanes this year, new derivatives to trade catastrophe risks offer insurers the extra protection they crave against multi-billion-dollar storms. Trading of “catastrophe...
Procedures for Depopulating La. Citizens Property Ins. Corp. Unveiled
Apr 1 2008 // The Louisiana Department of Insurance has issued procedures for the first round of depopulation of Louisiana Citizens Property Insurance Corporation (LCPIC). The procedures were established at a meeting on March 14, 2008....
Industry Lines Up ‘Pro and Con’ on Bush Plan for Federal Insurance Regulator
Mar 31 2008 // Insurance industry groups are lining up quickly with responses to the Bush administration’s proposed overhaul of the way the government regulates the nation’s financial services industries, including...
Hawaii’s Largest Insurer, HMSA, Plans Rate Hike
Mar 31 2008 // Haeaii’s biggest health insurer wants to hike health insurance premiums by more than 12 percent next year, the biggest increase in nearly two decades. The proposed rate hikes would affect 144,000 members and...
California Assembly Considering Insurance Agent-Broker Bill
Mar 31 2008 // A bill that would help to clarify when an insurance professional is acting in the capacity of a broker versus an agent in California is scheduled come before the state Assembly Insurance Committee no later than April 16,...
