Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
From Med Mal Caps to RICO Violations, No Headline Shortage in 2007
Dec 23 2007 // Severe summer storms that ransacked the Midwest, a court ruling that could negatively impact the medical malpractice insurance market in Illinois and RICO allegations in Minnesota were just a few of the news stories that...
Natural Disasters, Fires, Floods, Fair Conduct Fueled Insurance Industry Discussions in 2007
Dec 23 2007 // While 2007 was surprisingly calm year for hurricanes, that doesn’t mean Mother Nature didn’t have a tantrum or two. In the past year, the West faced its share of disasters, with freezes, floods and fires making...
The Road to Texas Supreme Court’s Heart: Through the Fifth Circuit
Dec 23 2007 // 2007 was a year in transition for Texas insurance law Omar Bradley often said, “Set your course by the stars and not by the light of every passing ship.” In 2007, the Texas Supreme Court failed to heed this...
Weather blows through top stories of 2007
Dec 23 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...
Mass. Auto Insurers Under Pressure to Lower Rates
Dec 23 2007 // Massachusetts Attorney General Martha Coakley says the state’s new managed competition auto insurance system is not lowering average rates for 2008 below what they would have been under the old system where the state...
2007: Climate Change Dominates Debate While Soft Market Hits Entire P/C Market
Dec 23 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...
Survey of Analysts Projects Healthy Underwriting Profits
Dec 23 2007 // I.I.I.’s Earlybird Forecast predicts negative premium growth but continued profitability in 2008 Next year may go down on record as one of the best insurance industry underwriting performances in the past 80 years,...
Fitch Says UK Non-Life Insurers are ‘Well-Positioned in Challenging Market’
Dec 21 2007 // Fitch Ratings has issued a report indicating that it is maintaining a stable outlook on the UK non-life insurance sector, “as insurers remain on the path of underwriting discipline in the face of more challenging...
Mich. Insurer Fined for Failing to Make Sure Agents Were Licensed, Appointed
Dec 21 2007 // A Michigan-based insurer has been fined $230,000 by the Conneticut Department of Insurance for failing to make sure agents were licensed and appointed to sell policies in the state. Foremost Insurance Co., which...
Fla. Gov. Asks Lawyers to Review Suing Property Insurers over Rates
Dec 21 2007 // Gov. Charlie Crist said Wednesday he wants three trial lawyers to review documents for a possible class-action lawsuit against property insurers, alleging that the industry hasn’t passed on savings to consumers as...
Mass. Accepts 8 Auto Insurers’ Rates; Reviews of Others Continuing
Dec 21 2007 // The 2008 rates for eight auto insurers in Massachusetts have been cleared by state insurance officials, while those of at least 11 others remain subject to further review. Insurance Commissioner Nonnie Burnes has given the...
S&P Announces Rating Actions on Bond Insurers; Teleconference Today
Dec 20 2007 // Standard & Poor’s Ratings Services has announced various ratings actions (see list below) on six financial guaranty insurance companies. “The rating actions were prompted by worsening expectations for the...
Dallas National Insurance Company Strengthens its Board of Directors and Posts a Strong Third Quarter
Dec 20 2007 // Nehls cites profitable growth and positive changes December 20, 2007 – Dallas National Insurance Company has recorded another strong quarter, ending the first three quarters of 2007 with net income of $9.4 million on...
Russian Insurer NASTA to Operate under Zurich Brand Name
Dec 20 2007 // Zurich Financial Services Group announced that OOO NASTA Insurance Company will operate under the global Zurich brand and the name Zurich Retail Insurance Company Ltd. in line with Zurich’s global “One brand,...
New La. AG not Ready to Comment on Insurer Lawsuit
Dec 19 2007 // Louisiana Attorney General-elect Buddy Caldwell said he wants his office free of politics and speedier on issuing guidance on legal matters when he takes office in January 2008. Caldwell, who moves into the job Jan. 14,...
Mass. AG Targets 2 More Insurers’ Auto Rates for Hearing
Dec 19 2007 // Mass. Attorney General Martha Coakley has asked for two more auto insurers to defend their proposed 2008 rates at public hearings. Coakley wants Arbella Insurance and Hanover Group to explain their rates for next year when...
California Workers’ Comp Insurer Names Program Manager
Dec 19 2007 // California State Compensation Insurance Fund has named Gary Dunlap program manager for the organization’s Customer Service Center. Dunlap has spent 34 years at SCIF, starting in 1971 as a claims adjuster. His most...
Fla. Insurers Remind Drivers of Personal Injury Protection Law’s Return
Dec 19 2007 // Auto insurers in Florida are reminding drivers that Florida law will once again require drivers to carry personal injury protection insurance effective Jan. 1, 2008. Companies are sending notices to policyholders informing...
California Workers’ Comp Insurer Names Regional Assistant Real Estate Manager
Dec 17 2007 // Luis Borovinsky has been named regional assistant real estate manager for California State Compensation Insurance Fund’s Southern California operations. Borovinsky joined the organization’s Santa Ana District...
Munich Re to Acquire Aon’s Healthcare Insurer Sterling for $352 Million
Dec 17 2007 // Munich Re is also buying a slightly smaller piece of Aon (See previous article). The world’s second largest reinsurer announced that it has concluded an agreement with Aon to acquire 100 percent of Sterling Life...
