Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Texas High Court: Insurers Can Use Defense Staff Attorneys in Some Cases
Apr 7 2008 // In a long awaited ruling, the Texas Supreme Court on March 28 handed down a 7-2 decision in Unauthorized Practice of Law Committee v. American Home Assurance Company Inc. and The Travelers Indemnity Company, approving the...
Climate Change Heats Up Insurance Industry
Apr 7 2008 // Greenhouse gases (GHGs) have gotten a bad rap, according to Mark C. Bove, senior research meteorologist, catastrophic risk management for Munich Reinsurance America. Speaking on a panel about climate change at the...
Insurers Urge California Policyholders to Oppose Vehicle Repair Bill
Apr 7 2008 // Three insurance associations are urging Californians to contact their legislators to oppose a bill that they say would influence where consumers get their vehicles repaired following an accident. The bill, SB 1167 by Sen....
California Assembly Considering Insurance Agent-Broker Bill
Apr 7 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....
Take a P/C Soft Market, Throw in a Recession, and Stir
Apr 7 2008 // The P/C industry’s chief economist on how agents are affected when a recession coincides with a soft market The following interview with Robert Hartwig, president of the Insurance Information Institute, took place...
How Courts and Claims are Altering the D&O Landscape
Apr 7 2008 // Claims frequency, claims severity, subprime, securities fraud and Stoneridge key issues on the horizon From the vantage point of early 2008, insurers writing directors and officers coverage can look back on the prior year...
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...
