Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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...
Texas October Enforcement Actions Total Nearly $650K
Nov 26 2007 // The Texas Department of Insurance announced enforcement actions taken by Commissioner Mike Geeslin that became final during October. The actions include a license revocation, a license denials and fines and restitution...
Insurer Balks at Payment in Case of Clinton Neighbor Shooting
Nov 21 2007 // A man whose wife was shot to death — a killing that attracted national attention because the couple lived near Bill and Hillary Rodham Clinton — is trying to collect nearly half a million dollars on her life insurance,...
Mass. Drivers Get Taste of Competition; Insurers Cut Rates, Enhance Products
Nov 20 2007 // Drivers with good driving records, good grades, hybrid vehicles, property policies and pets are among those who could benefit under auto insurance rating plans filed for use in 2008 in Massachusetts. Indeeed, most drivers...
Insurers File Mass. Auto Rates Today; Bill to Control Rating Factors Stalled
Nov 19 2007 // The auto insurance market in Massachusetts gets a glimpse of greater competition today when carriers disclose their proposed rates, but the big unknown is whether motorists honk for joy or hit the guardrail. The Patrick...
Trial Lawyers Say Research Shows Conn. Medical Liability Insurer Overcharges Physicians
Nov 18 2007 // The Connecticut Trial Lawyers Association released an actuarial analysis that it says shows that, for several years Connecticut Medical Insurance Co. has been overcharging doctors millions of dollars. They argue that this...
Good Agency-Carrier Relationships Travel a Two-Way Street
Nov 18 2007 // Agents might think they have their hands full trying to attract and retain quality employees but they are not alone. Insurance carriers face challenges getting and keeping quality agents, too. For a company like St. Paul...
La. AG Alleges Price-Fixing, Conspiracy
Nov 18 2007 // Outgoing Louisiana Attorney General Charles C. Foti, Jr. has filed suit against property insurers in his state alleging price-fixing and conspiracy to lower claims payments stemming from 2005 Hurricanes Katrina and Rita...
