Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Top Insurance Stories in 2007 in Southeast
Dec 31 2007 // High heat, changing winds put reputations on the line. 1. Florida’s gamble “It’s all about rates,” maintained Sam Miller, of the industry’s Florida Insurance Council. Florida lawmakers in...
Top Insurance Stories in 2007 in Midwest
Dec 31 2007 // From storms that flooded the Midwest destroying homes and business in the summer to a court ruling that could have a significantly negative impact on the medical malpractice insurance market in the state of Illinois, 2007...
Top Insurance Stories in 2007 in South Central
Dec 31 2007 // Weather, directly or indirectly, was a driving force in the insurance markets for the South Central states of Arkansas, Louisiana, Oklahoma and Texas in 2007. With the exception of Arkansas, throughout the year the South...
Top Insurance Stories in 2007
Dec 31 2007 // The debate over climate change captured the world’s attention, including the insurance industry’s, in 2007, while major hurricanes spared the United States’ coastline. The soft market took hold of...
Top Insurance Stories in 2007 in the West
Dec 31 2007 // While 2007 was a surprisingly calm year for hurricanes, that doesn’t mean Mother Nature didn’t have a tantrum or two. In 2007, the West faced its share of disasters, with freezes, floods and fires making news...
Top Insurance Stories in 2007 in East
Dec 31 2007 // New leaders tackled old issues and the region battled fire and rain. 1. No day at the beach Insurance markets for coastal properties continued to challenge insurers, agents, policymakers and property owners, despite an...
California Workers’ Comp Insurer Makes HR Promotion
Dec 31 2007 // Susan Lynch has been promoted to manager of California State Compensation Insurance Fund’s Employee Assistance Program (EAP) in Human Resources. EAP helps State Fund employees address personal issues and maintain...
Berkshire Hathaway Gets Expedited License In N.Y. for Bond Insurer
Dec 28 2007 // Berkshire Hathaway will have its municipal bond insurance company licensed in New York much quicker than normally, the New York State Insurance Dept. said Friday afternoon. Superintendent of Insurance Eric R. Dinallo said...
Lloyd’s Insurers Consider Coverage for Commercial Space Flights
Dec 28 2007 // A bulletin on the Lloyd’s web site (www.lloyds.com) notes that the State of New Mexico and Virgin Galactic recently announced plans to construct a “multi-million pound spaceport.” As a result...
OC Appeals Panel Rules on Cancellation by Health Insurer
Dec 27 2007 // A state appeals panel ruled that insurers cannot rescind health policies unless they can show policyholders willfully lied on their insurance applications or prove that companies investigated applications before issuing...
Conn. Private Coastal Insurance Market Works, Say Commissioner and Insurers
Dec 27 2007 // Acknowledging the ongoing concern over coastal property insurance in his state, Connecticut Insurance Commissioner Thomas Sullivan maintained that the state’s coastal property insurance market is in pretty good shape...
Mass. Wants Insurers to Notify Consumers When Payments Made
Dec 27 2007 // Massachusetts Insurance Commissioner Nonnie S. Burnes has issued a bulletin calling on insurance companies to send written notification to consumers when a settlement payment in any third-party liability claim is made to...
California Workers’ Comp Insurer Promotes Two
Dec 27 2007 // California’s State Compensation Insurance Fund has appointed Chris Reyes regional assistant real estate manager for Central Valley operations, and Yvette Montano-Anda claims manager for Los Angeles Claims...
Future of Bond Insurance at Risk
Dec 27 2007 // The biggest casualty of the crisis surrounding bond insurers may well be the insurers themselves. Issuers and bond buyers alike may find it easier now to dispense with insurance, experts say, given that the finances of...
Bond Insurer ACA Financial Submits to Maryland Regulatory Control
Dec 27 2007 // In more fallout from the troubled credit market, ACA Capital Holdings Inc. has agreed to let the Maryland Insurance Administration and Commissioner Ralph S. Tyler assume control of much of its bond insurance division, ACA...
P/C Insurers’ Net Income, Surplus Rose But Profitability Dropped
Dec 27 2007 // The U.S. property/casualty insurance industry’s net income after taxes rose 7.1 percent to $49.4 billion through nine-months 2007 from $46.1 billion through nine-months 2006. Fueled by the industry’s net...
Good Agency-Carrier Relationships Travel a Two-Way Street
Dec 23 2007 // Carriers and agencies both face challenges in maintaining quality relationships Agents might think they have their hands full trying to attract and retain quality employees, but they are not alone. Insurance carriers face...
Scathing Audit: Calif. Workers’ Comp Insurer Needs Significant Reforms
Dec 23 2007 // California’s State Compensation Insurance Fund “has weak corporate governance, inadequate internal controls in various areas and a general inability to plan for the long-term,” according to an operational...
Md. Insurer to Return $100 Million to Doctors, State
Dec 23 2007 // A major medical liability insurer will return nearly $100 million to the state of Maryland and local doctors, in a deal announced by state officials. Maryland Gov. Martin O’Malley and Insurance Commissioner Ralph S....
N.Y. Worker’s Comp Reform Hits New Snafu Over Trust Fund
Dec 23 2007 // A state-run pool system to pay workers with permanent partial disabilities could erode the savings promised by New York’s landmark workers compensation reform, insurers warn, although some insiders say that those...
