Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Florida Adopts Program to Improve Handling of Insurer Failures
Dec 4 2007 // Florida is the first state to implement a program that officials say will improve services and save money in the administration of insurance company receiverships, according to the state’s Chief Financial Officer...
U.S. Personal Lines Insurers Trying To Maintain Profits In Softening Market
Dec 4 2007 // U.S. personal lines insurance sector is at a critical juncture, according to an article published by Standard & Poor’s Ratings Services. The article, which is titled “2008 U.S. Personal Lines Outlook: A...
Federal Government Sues Ship Owner, Pilot, Insurer over Bay Oil Spill
Dec 3 2007 // The Justice Department filed a lawsuit accusing the pilot and the Hong Kong-based owners of the container ship Cosco Busan of breaking environmental laws when the ship struck a bridge support in San Francisco Bay, spilling...
Mass. Auto Insurers Get Into Gear for Competition
Dec 2 2007 // Most plan to cut rates as state moves ahead with plan for managed competition for 2008 Auto insurance carriers are looking to compete by rewarding drivers with good driving records, good grades, hybrid vehicles, property...
Texas Supreme Court Shakes up Outlook for Co-insurers at Odds
Dec 2 2007 // Overpaying insurer may not always have cause of action against underpaying company It is common for an insured to have two insurers cover the same risk. When the insured is sued regarding that risk, both insurers have a...
Communication is Key When Managing Program Contracts
Dec 2 2007 // The insurance industry survives on relationships built between agents and carriers. The two parties can strive for a harmonious partnership with few problems. Yet when communications break down and there are disagreements,...
Guaranty Fund System Continues to Deliver
Dec 2 2007 // Funds fulfill statutory promise to protect policyholders At the heart of every property and casualty insurance contract lies a promise to soften the blow of misfortune. But what happens when an insurance company becomes...
From Insurance Consumer to Commissioner
Dec 2 2007 // While the position of California Insurance Commissioner is elected and there are already rumblings that he’d make a good gubernatorial candidate in 2010, current California Insurance Commissioner Steve Poizner says...
Loss Control Crucial to Program Success
Dec 2 2007 // Loss control personnel are not often thought of fondly in customers’ minds, according to Steve Anderson, portfolio executive, risk engineering for the Zurich Program Business Unit of Zurich North America. “We...
S&P: Softening Prices Should Start To Affect U.S. Commercial Lines Insurers
Nov 30 2007 // Another very profitable year for commercial lines insurers, sparked by yet another exceptionally mild hurricane season, is emerging for the entire U.S. property/casualty industry, says Standard & Poor’s Ratings...
18 of 19 Insurers Amend Mass. Rates; State Plans Outreach
Nov 29 2007 // Eighteen of the state’s 19 Massachusetts auto insurers amended rate filings for policies with April 2008 effective dates at the state’s Division of Insurance. The latest filings lowered rates from the origianl...
Calif. Commissioner Approves No Change in Workers’ Comp Pure Premium Rates
Nov 29 2007 // California Insurance Commissioner Steve Poizner has issued a decision approving no overall change to the state’s advisory pure premium workers’ compensation rates for 2008. On Sept. 20, 2007, the Workers...
Lawsuit Filed Against Iowa-based Insurer for Churchgoing Christians
Nov 29 2007 // Two fair-housing groups have sued an Iowa insurance company that pays policyholders’ church tithes if an injury at home leads to lost income. The insurance company also doubles medical limits if someone is hurt while...
S&P: Japan Non-Life Insurers ‘Show Improvement in Profits’
Nov 29 2007 // A report from Standard & Poor’s Ratings Services concludes that Japan’s top nine non-life insurers recorded ¥173 billion ($1.575 billion) in interim net profits for the first half of fiscal 2007 (ended...
Lawsuit filed in Ohio Bus Crash that Killed 5 Targets Insurers
Nov 29 2007 // Attorneys want a federal court to determine whether members of a university baseball team involved in a deadly bus crash earlier this year are entitled to insurance money. A lawsuit filed on behalf of Bluffton...
Mass. Auto Insurers Pressed to Lower 2008 Rates Even More
Nov 28 2007 // Massachusetts Attorney General Martha Coakley is pressing auto insurers in the state to lower their 2008 rates, arguing that their initial filings last week included more than $200 million in extra profits and payments to...
S&P: Discipline Will Be The Key To Insurers’ Success in 2008
Nov 28 2007 // Standard & Poor’s Ratings Services has issued a report, noting the 2008 outlook for the North American property/casualty insurance, life, health, and reinsurance sectors are stable due to several years of strong...
Montana Insurance Company to Appeal in Retaliation Case
Nov 27 2007 // An insurance provider for the city of Billings, Mont., will appeal a verdict that awarded $1.3 million to a police officer who said he suffered retaliation for reporting the mishandling of illegal drugs within the...
Research & Markets Analyzes Climate Change Threat to Insurers
Nov 26 2007 // Dublin-based Research and Markets announced the addition of “Global Warming & the Insurance Industry” to their offering. The study concentrates on the possible effects of the increase in the average...
S&P Announces Rating Actions on Five Major Mortgage Insurers
Nov 26 2007 // Standard & Poor’s Ratings Services announced a number of rating actions, covering five mortgage guarantee insurers: Radian Group, Mortgage Guaranty Insurance PMI Group, Triad Guaranty and Old Republic. The...
