Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurers Testify Against Wis. Zip Code Ban Proposal
Feb 20 2008 // The American Insurance Association (AIA) today testified against Wisconsin SB 348, a bill that would ban zip codes as an insurance rating factor, saying it is unfair and hides the real cost of insurance. “SB 348...
N.Y. Court: Insureds Can Sue For Consequential Damages
Feb 20 2008 // A new ruling by the New York Court of Appeals could open the door for breach of contract suits against commercial property insurers – a move two dissenting judges warned could raise the price of insurance for...
N.Y. Regulator to Weigh Split of FGIC’s Bond Insurance Business
Feb 19 2008 // New York regulators are eager to consider splitting Financial Guaranty Insurance Co.’s core bond insurance businesses to protect municipal credit ratings against costly downgrades and stem troubles in the debt...
Pa. Man Gets Probation for Helping to Bilk Insurance Company
Feb 19 2008 // A Pennsylvania man has been sentenced to three years’ probation for defrauding an insurance company with the help of a chiropractor. A federal judge in Pittsburgh also ordered 31-year-old Brandon Burns of Murrysville...
Two Colo. Insurers Refund $5.7M to Consumers
Feb 18 2008 // Two insurance companies have refunded about $5.7 million to Colorado customers affected by billing and record keeping errors, state officials said Thursday. Anthem Blue Cross Blue Shield has restored nearly $3.2 million to...
Association of British Insurers: Homes on Flood Sites ‘Unsaleable, Uninsurable, Uninhabitable’
Feb 15 2008 // The Association of British Insurers (ABI) warned that government plans to construct new homes on flood plains have not given sufficient consideration of the hazards involved. Justin Jacobs, the ABI’s Assistant...
New A.M. Best Reports Written to Help Consumers Evaluate Insurers
Feb 15 2008 // The insurance ratings organization A.M. Best Co. has released reports it says will help buyers of insurance learn about insurers’ rating histories and their financial strengths. These consumer-oriented reports —...
Conn. Exempts Some Insurers’ Form and Rate Filings
Feb 15 2008 // The Connecticut Insurance Department this month launched a year-long pilot program that will exempt some complicated commercial rate and form filings from being initially reviewed by the state – although insurers...
S&P Takes Rating Actions -‘Mostly Negative’- on U.S. Mortgage Insurers
Feb 15 2008 // Standard & Poor’s Ratings Services has issued a blanket bulletin outlining the rating actions, which it notes are “mostly unfavorable,” on several U.S. mortgage insurers and their core and dependent...
Neb. Medical Liability Insurer Adds Staff
Feb 14 2008 // Preferred Professional Insurance Co. (PPIC), an Omaha-based Catholic-owned medical liability insurance firm, recently announced two additions to its staff: Tricia Bliujus as claims analyst & risk consultant/R.N., and...
Accenture Solvency II Survey: Europe’s Insurers Expect Manageable Costs
Feb 12 2008 // According to findings from a recently released survey conducted by Accenture, “more than three-quarters of large European insurers expect to spend less than €25 million [$36.27 million] through 2012 on Solvency II...
Neb. Committee Holds Hearing on Proposal to Abolish Credit Law
Feb 12 2008 // A national insurance group testified today against a bill to abolish Nebraska’s law regulating credit-based insurance scoring saying the practice benefits a majority of Nebraska consumers. The Washington, D.C.-based...
S&P Finds Bermuda Insurers Face Rising Competition
Feb 11 2008 // Standard & Poor’s Ratings Services has published an article which states that Bermuda-domiciled insurance companies will face increasing competition from other regions of the world. The article –...
AIG Shares Fall as Insurer Reports Internal Audit Weakness
Feb 11 2008 // Giant international insurer American International Group Inc. saw its shares fall 11 percent today on its acknowledgement that it may have incorrectly valued the effect of the ongoing credit crisis in previous...
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...
