Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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...
Insurers Facing More Frequent, More Expensive Lawsuits
Nov 18 2007 // The legal landscape may generally be changing for the better — but not necessarily for insurers, according to a recent survey by Fulbright & Jaworski. In its survey based on interviews with in-house counsel at 250...
TRIA Extension Must Pass Without NBCR Provision
Nov 18 2007 // After the terrorist attacks of Sept. 11, 2001, the market for commercial property and liability insurance in large urban areas was in turmoil, as reinsurance for terrorism became expensive and scarce. Construction slowed...
Defeat for Insurance Industry; Wash. Voters Approve Referendum 67
Nov 18 2007 // Much to many insurance companies’ dismay, Washington voters approved Referendum 67, with 520,667 or 57 percent of voters in favor of the initiative to allow insureds to collect triple damages if their insurer...
Keep the McCarran-Ferguson Act Insurance Exemption
Nov 18 2007 // Federal antitrust laws are intended to ensure a competitive market by prohibiting companies from acting in concert with each other, such as through price-fixing or sharing arrangements that exclude other competitors. The...
New Players Enter the E&O Market … But Some Agents May Not See Rates Decline
Nov 18 2007 // Despite a rosier outlook in the agents’ errors and omissions (E&O) insurance market compared with years past, many insurance agents still faced rate increases in their E&O coverage in 2007 and anticipate...
Fitch Upgrades Markel International Ratings; Affirms Corporate Ratings
Nov 16 2007 // Fitch ratings announced that it has upgraded the Insurer Financial Strength (IFS) rating of Markel International Insurance Company (MIICL) to ‘A’ from ‘A-.’ Fitch also announced that it has affirmed...
S&P Reports Ratings Gap ‘Narrowing’ between Middle East & UK Insurers
Nov 16 2007 // Standard & Poor’s Ratings Services has published “How Middle East Non-Life Insurers Are Developing From A Rating Perspective: A Comparison With The U.K..” S&P initially stated: “Middle...
Fitch Report ‘Positive’ on Central America Insurers
Nov 15 2007 // According to a report from Fitch Ratings – “Central America Insurance Sector-” there are “positive trends in premiums and operating expenses,” in the region, which have increased...
American Vehicle Approved as Surplus Line Carrier in Calif.
Nov 15 2007 // Ft. Lauderdale, Fla.-based 21st Century Holding Co., an insurance holding company, announced that it’s subsidiary, American Vehicle Insurance Company, has received approval to begin writing commercial general...
Texas Insurer Group Awards Scholarships to 15 Students
Nov 15 2007 // The Education Foundation of the Insurance Council of Texas (ICT) has awarded academic scholarships to 15 students at Baylor University, the University of North Texas and the University of Texas at Austin, the insurer trade...
S&P Report on Bermuda’s Re/Insurers – Cautious, but Optimistic
Nov 14 2007 // Analysts from Standard & Poor’s Ratings Services have pit together an analytical report on Bermuda’s insurance and reinsurance industry, following what S&P sees as “another excellent...
Conn. Trial Lawyers Say Medical Liability Insurer is Overcharging Doctors
Nov 9 2007 // The Connecticut Trial Lawyers Association charged today that one of the state’s medical liability insurers has been charging doctors excessive premiums. The lawyers association released a new actuarial analysis that...
La. AG Sues Insurers, Alleges Price-Fixing and Conspiracy
Nov 9 2007 // Louisiana Attorney General Charles Foti is suing the state’s largest property insurance companies, accusing insurers of conspiring to limit payments to policyholders after hurricanes Katrina and Rita and engaging in...
