Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Wis. Senate Squeaks Through Bill to Ban Credit Scoring
Feb 10 2008 // With the 2008 legislative sessions now in full swing, many states are taking another look at the issue of insurers using credit scoring to underwrite or rate auto or homeowners insurance. Insurance trade groups are...
It’s Time to Undo Florida’s Property Insurance ‘Reforms’
Feb 10 2008 // A year has passed since Gov. Charlie Crist and a nearly unanimous Legislature hailed the arrival of a new era for Florida’s property insurance system. They promised lower rates, greater availability of insurance, and...
Florida Eyes Reduction in Collateral Requirement for Some Reinsurers
Feb 10 2008 // Gov. Crist and state officials suggest the change would free up more capacity but others question that theory Insurance trade organizations believe a move by Florida Gov. Charlie Crist to reduce collateral requirements for...
Colo. Legislation to Ban Use of Credit Scoring in Underwriting Defeated
Feb 10 2008 // Agents, insurers praise legislation’s defeat but say the battle is not over yet As the issue of credit scoring continues to be the subject of state legislative proposals, insurance agents in Colorado are celebrating...
Failure to Reimburse Claims Expenses Efficiently Impacts Customer Satisfaction
Feb 10 2008 // J.D. Powers’ study says the faster the service the happier the claimant The length of time it takes to repair damages on auto and homeowners insurance claims weighs heavily on customer satisfaction, according to the...
Fighting Insurance Crime Does Pay
Feb 10 2008 // Ronald Evano took great pains to bilk insurers. Literally. The self-described gypsy shook down insurers, restaurants, bars and other businesses along the East Coast by swallowing broken glass and claiming the shards were...
From Insurance to Candy
Feb 10 2008 // For former insurance pro, life really is a box of chocolates Although it’s been many years since See’s Candies President Brad Kinstler was at the helm of an insurance company, and even longer since he was...
Government Report Urges Changes in Wind, Flood Damage Determinations
Feb 10 2008 // GAO finds fault with coverage exclusions in policies and lack of data available to assist with FEMA assessments Government adjusters trying to assess the accuracy of flood claims payments from the 2005 hurricane season...
Insurers Must Focus on Opportunities; Avoid Price Wars to Stay Profitable
Feb 10 2008 // Margin compression and continued pricing erosion will put increasing pressure on the insurance industry to achieve top line objectives in 2008, according to industry analysts. “With pricing becoming increasingly...
Home-Based Business Boom
Feb 10 2008 // The risks of remote workplaces Americans’ houses have increasingly become a hodgepodge between a home and an office. It’s believed that there are more people working out of their homes now than at any time in...
Insurer sues Miss. Coast School District in Wind Versus Water Case
Feb 8 2008 // An insurance company is suing the Bay St. Louis-Waveland, Miss., School District over wind versus water damage related to Hurricane Katrina. Cathedral Capital Limited has asked a federal judge to determine what is its...
AIA Criticizes Proposed Washington Auto Glass Repair Bill
Feb 8 2008 // Legislation approved Monday by the Washington House of Representatives is unnecessary and limits consumer choice, says the American Insurance Association (AIA). “Policymakers just enacted a law in 2007, SB 5052, that...
Insurance Bills Die in Calif. Legislature
Feb 8 2008 // The Association of California Insurance Companies, an affiliate of the Property Casualty Insurers Association of America, reports that the following 2007 insurance-related bills missed the Jan. 31 deadline to pass out of...
Texas Supreme Court Reverses <em>Frank’s Casing</em> Ruling
Feb 8 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...
Gramercy Insurance Company Launches Trucking Liability Program
Feb 7 2008 // Gramercy Insurance Company (GIC), a global property and casualty insurer, announced the expansion of its Commercial Auto division with the addition of truck liability insurance. GIC now provides a single source solution...
Mississippi’s BancorpSouth Acquires Texas Insurance Company
Feb 6 2008 // Tupelo, Miss.-based BancorpSouth Insurance Services Inc., a subsidiary of BancorpSouth Bank, said Monday it has signed a deal to buy JMG/IC Insurance Agency Inc., of Nacogdoches, Texas. Terms of the deal were not...
Uncertainty Over Bond Insurer Downgrades Leaves Investors Wary
Feb 6 2008 // Municipal bond investors were in a wary frame of mind Monday as they waited to learn whether ratings agencies will downgrade some ailing bond insurers. Uncertainty about the fate of the companies that insure municipal...
New Pooled Members of State Auto Insurance Companies Upgraded
Feb 6 2008 // State Auto Insurance Companies (State Auto) reported that A.M. Best Co. has upgraded the financial strength rating (FSR) to “A+” (Superior) from “A-“(Excellent) and the issuer credit ratings (ICR)...
Best Affirms Indian Insurer’s ‘A-‘ Ratings; Outlook Now Stable
Feb 4 2008 // A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating (ICR) of “a-” of The New India Assurance Company Limited, and has revised its outlook on the...
Arbella, Premier Get Green Light for 2008 Mass. Auto Rates
Feb 4 2008 // Massachusetts Insurance Commissioner Nonnie Burnes has upheld the 2008 auto insurance rate filings of Arbella Mutal, which proposed an overall rate decrease of 7.7 percent, and Premier (Travelers), which filed for an...
