Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Congress Examines Municipal Bond Ratings, Bond Insurance Industry
Mar 13 2008 // The fast-spreading U.S. mortgage crisis prompted lawmakers Wednesday to explore problems with municipal bonds, painting a bleak outlook for bond insurers that one official said imposes a “secret Wall Street...
Association of British Insurers Responds to Budget Proposals
Mar 13 2008 // Stephen Haddrill, Director General of the Association of British Insurers (ABI) issued a comment on the UK’s recently announced budget. Chancellor of the Exchequer Alistair Darling has proposed raising taxes on a...
Alaska Workers’ Comp Insurer Pays $2.8 Million to Policyholders
Mar 13 2008 // The Board of Governors of the Alaska Timber Insurance Exchange (ATIE), a policyholder owned workers’ compensation insurance company, is paying a $2.8 million dividend to its members based on their performance in...
New Sudan Insurance Company Sees Opportunity in Newfound Peace
Mar 12 2008 // The forlorn wrecks of cars and motorbikes dotting southern Sudan’s potholed dirt tracks and rare tarmacadam roads might signal chaos to some. But Zeru Woldemichael sees a business opportunity — in...
Cayman Islands Investment Group Aims to Acquire Washington Insurer
Mar 11 2008 // Washington’s Office of the Insurance Commissioner has scheduled a March 19, 2008, hearing to consider an investment group’s request to acquire a controlling interest in a Bellevue, Wash.-based property-casualty...
Calif. Pet Insurer Notes UK Growth
Mar 11 2008 // Santa Ana, Calif.- based ensurApet, Inc. has issued a bulletin, which notes that “health insurance for pets in the United Kingdom is growing at a record rate.” CEO, Russell Smith stated: “According to...
ISO Granted Patent for Rating and Policy Processing Method
Mar 11 2008 // ISO Insurance Technology Solutions (ISO-ITS), a business unit of Insurance Services Office, Inc., (ISO) today reported that it has been granted a patent for its approach to implementing and maintaining rating and policy...
Regulators Release Report on Top 25 P/C Insurers’ Market Share
Mar 11 2008 // The National Association of Insurance Commissioners released the 2007 market share premium data for the top 25 insurers of select property/casualty lines of business. This data helps to provide an indicator of the degree...
N.Y. Court Widens Opening for Contract Damages Against Insurers
Mar 10 2008 // The New York Court of Appeals has opened the door for breach of contract suits against commercial property insurers — a move two dissenting judges warned could raise the price of insurance for everyone in the state. In...
Vermont Cheers as IRS Drops Captive Insurance Tax Change
Mar 10 2008 // The Internal Revenue Service (IRS) has dropped plans to change the way that captive insurance companies are taxed. U.S. Senator Patrick Leahy, D-Vt., and U.S. Rep. Peter Welch, D-Vt., said that the IRS informed them it has...
Industry Fights Back Against Charges of Bad Faith
Mar 10 2008 // The University of Michigan’s Ross School of Business’ latest American Customer Satisfaction Index (ACSI) shows that property and casualty insurers continue to rank above average in customer service compared to...
Industry Fights Back Against Charges of Bad Faith
Mar 10 2008 // The University of Michigan’s Ross School of Business’ latest American Customer Satisfaction Index (ACSI) shows that property and casualty insurers continue to rank above average in customer service compared to...
Seattle Court Rules Failure to Disclose Pollution Incidents Voids Vessel Policy
Mar 10 2008 // The U.S. Ninth Circuit Court of Appeals in Seattle has upheld an Alaskan district court ruling that a primary insurance carrier can cancel a marine vessel’s pollution insurance policy on the basis that the insured...
The Spillover of Bond Insurer Downgrades
Mar 10 2008 // The House Capital Markets Subcommittee [wants] to learn about the causes and effects of recent bond insurer ratings downgrades. We will, in particular, focus on the spillover effects for municipalities and the financial...
Insurers Call Calif. Auto Repair Bill ‘Anti-Consumer’; Claim Bill Would Deny Information to Consumer
Mar 10 2008 // The Association of California Insurance Companies, the American Insurance Association and the Personal Insurance Federation of California have announced their opposition to California Senate Bill 1167, a bill that the...
Nanotechnology: A Big Risk in a Small Package?
Mar 10 2008 // Nanotechnology presents great opportunity, but the impact on insurance is still unknown Insurance professionals gathered in the oak-paneled Old Library of Lloyd’s of London this past December to learn more about a...
Insurers Weigh-in on Georgia Auto Reform Measure
Mar 7 2008 // Taking a major step toward a more competitive auto market, the Georgia General Assembly passed a measure Thursday allowing file and use for private passenger auto rates above the mandated minimum liability limits,...
Arrowhead Announces New Carrier For Insurance Agents E&O Product
Mar 6 2008 // San Diego, CA, 03/06/2008 – ARROWHEAD General Insurance Agency, Inc. has announced its independent property and casualty insurance agents errors and omissions product will be underwritten with an “A”...
Arbitration Resolves Record $2B in Inter-Insurance Company Disputes
Mar 6 2008 // Arbitration Forums, Inc. (AF), the nation’s largest provider of inter-insurance dispute resolution services, reported that it resolved more than 477,000 inter-company claims disputes valued at over $2.2 billion in...
Insurer Group Backs La. Auto-Related Bills
Mar 6 2008 // The American Insurance Association announced it is supporting a package of bills introduced by the Louisiana Property and Casualty Insurance Commission designed to improve safety on Louisiana road ways. The Louisiana...
