Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Ala. Regulator to Insurers: Halt Non-renewals Based on Single Policies
Feb 29 2008 // Licensed Alabama property and casualty insurers that non-renewed policies on the condition of having other policies with the company must re-offer coverage to the consumers affected, according to a bulletin issued by the...
Insurer Launches Preferred-tier Programs in Ga. and Nev.
Feb 29 2008 // Calif.-based property and casualty insurer Pacific Specialty Insurance Co. announced a new suite of preferred-tier residential property products in Georgia and Nevada. Effective March 3, PSIC will offer new discounts and...
Texas Workers’ Comp Division Reports Disciplinary Actions for Dec., Jan.
Feb 29 2008 // The Texas Department of Insurance Division of Workers’ Compensation (TDI-DWC) announced final disciplinary actions taken by Commissioner of Workers’ Compensation Albert Betts in December 2007 and January 2008....
Consumer Groups: Mass. Auto System Unfair to Many Good Drivers
Feb 28 2008 // The new managed competition auto insurance system being implemented in Massachusetts rewards many bad drivers and penalizes many good drivers based on certain supposedly-prohibited social factors, according to the latest...
Best Puts GMAC’s Ratings Under Review/Negative
Feb 28 2008 // A.M. Best Co. has placed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of GMAC Insurance Group (GMACI) and its sixteen members, led by Motors...
Boston Software’s New SinglePoint Streamlines Mass. Auto Submissions
Feb 28 2008 // Boston Software has introduced SinglePoint, a new data-exchange system that makes it easy for independent agents to submit Massachusetts auto insurance applications to any carrier under the state’s revised...
S&P Takes Bond Insurer Rating Actions
Feb 26 2008 // Standard & Poor’s Ratings Services announced several rating actions on a number of monoline bond insurers “following additional stress tests with respect to their domestic nonprime mortgage...
Canceled Insured Awarded $9M Against Calif. Health Insurer
Feb 26 2008 // A woman who had her medical insurance coverage canceled as she was undergoing treatment for breast cancer has been awarded more than $9 million (euro6.06 million) in a case against one of California’s largest health...
Investors Relieved as Bond Insurer MBIA Keeps Top Credit Ratings
Feb 26 2008 // MBIA Inc., the world’s largest bond insurer, held onto its top credit ratings from Standard & Poor’s Monday, in a development that soothed stock and bond investors fearing downgrades would roil capital...
Fla. Insurers See Hurricane Insurance Market on the Mend
Feb 25 2008 // The insurance market in Florida is adjusting to changing conditions – some man-made, others resulting from forces of nature – all of which make property insurance for Florida homeowners more available and more...
Buffett Rapidly Grows His New Municipal Insurance Arm
Feb 25 2008 // One of Warren Buffett’s newest businesses — insuring municipal bonds — is expanding rapidly into a troubled field as the company backed 112 issues in just the past two days, according to Moody’s...
Annotti Leaving Insurer Trade PCI to Head National Fraternal Congress
Feb 25 2008 // The National Fraternal Congress of America (NFCA) has named Joseph J. Annotti as its new president and chief executive, effective March 24, 2008. Annotti fills the position vacated by Frederick H. Grubbe, who resigned on...
Case Watch
Feb 24 2008 // Bad Faith Texas Mut. Ins. Co. v. Ruttiger Texas App. 1st Dist. Jan.17, 2008 Bad faith cause of action lies against workers’ compensation carrier. An individual was injured on the job. The workers’ compensation...
Texas Supreme Court Reverses ‘Frank’s Casing’ Ruling
Feb 24 2008 // The Texas Supreme Court on Feb. 1 handed down a long-awaited ruling in a case that many believe to be one of Texas’ most significant insurance cases in recent history. The Court reversed its May 2005 decision in...
Insurers Criticize Proposed Washington Auto Glass Repair Bill
Feb 24 2008 // Legislation approved in early February by the Washington House of Representatives is unnecessary and limits consumer choice, according to the American Insurance Association (AIA). “Policymakers just enacted a law in...
Colo. Insurers Refund $5.7 Million for Overcharges
Feb 24 2008 // Two insurance companies have refunded about $5.7 million to Colorado customers affected by billing and record keeping errors, state officials said this month. Hartford Financial Services Group has returned more than $2.5...
The Promise of NAFTA Not Quite Fulfilled
Feb 24 2008 // It’s been a long, frustrating process for most participants In February 2002, Insurance Journal reported that Congress and the Bush Administration had reached a deal whereby the trucking provisions of the North...
Strength in Numbers and Cooperation
Feb 24 2008 // No. 4 on IJ’s Top 100, Keystone Insurers Group’s cooperative approach now thrives in five states Top 100 Agency Profile RANKING: No. 4 Keystone Insurers Group Headquarters: Northumberland, Pa. Year Founded:...
Navigate Policy Waters to Get Boat Owners the Right Type of Coverage
Feb 24 2008 // Boats are not just luxury items for the rich, but they are also items that families with less than extravagant incomes can enjoy together away from the distractions of everyday life. Whether the boat owner is wealthy, or a...
Insurers Testify in Support of Kan. Flex Rating Bill
Feb 22 2008 // The National Association of Mutual Insurance Companies (NAMIC) recently testififed before members of a Kansas Senate panel urging passage of rate modernization legislation. Senate Bill 560 would establish a flex rating...
