Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Washington Medical Malpractice Claims Decreasing
Nov 4 2007 // A medical malpractice report on closed claims data indicates that claims are down in Washington. This is the third medical malpractice closed claim report issued by state Insurance Commissioner Mike Kreidler. It analyzes...
Five Tips in Dealing with Wildfire Losses
Nov 4 2007 // Here we go again: another disaster, another insurance test. Will Southern Californians whose homes and businesses were destroyed or damaged by wildfires fare better with their insurance providers than Katrina’s...
10 Calif. DOI partners with CAL FIRE
Nov 4 2007 // Groups aim to prevent fire losses during height of wildfire season 10 Hawaii approves 19.3% workers’ comp decrease NCCI recommended 16.8 percent drop 10 Calif. approves AAA’s 6.5% auto rate reduction Carrier...
Satisfied buyers of homeowners coverage obtain additional products
Nov 4 2007 // Homeowners insurance policyholders who subscribe to at least one additional policy with their insurer tend to be more satisfied than those who only have a homeowners insurance policy, according to the J.D. Power and...
Striking a balance on the debate over the use of credit-based insurance scores
Nov 4 2007 // What determines how much a consumer will pay for automobile insurance? The usual considerations immediately come to mind: accident history, average miles driven each year, number of speeding tickets and location of insured...
Homeowners insurers not earning cost of capital despite modest rate increases
Nov 4 2007 // The countrywide prospective return on equity for the homeowners line of insurance for 2007 is 7.0 percent, up from 5.4 percent in 2006, according to an analysis by Aon Re Global, a unit of Aon Corp. The year-over-year...
D&O underwriters assess the subprime meltdown
Nov 4 2007 // When defaults in U.S. mortgages reached record levels in the second quarter of 2007, forcing a large number of subprime mortgage lenders to shut down or file for bankruptcy, the fallout spread quickly throughout the...
News Currents
Nov 4 2007 // Collateral conundrum: To change or not to change N.Y. steps out as first state to deliver level playing field for all reinsurers New York State Insurance Superintendent Eric Dinallo’s proposal that the highest rated...
Mapping out lawyers liability
Nov 4 2007 // Attorneys are singularly aware of liability exposures and the impact of litigation in modern society. Accordingly, attorneys are adroit and meticulous about the insurance coverage they purchase. Insurance must fulfill...
Political risk: Converting mystery into opportunity
Nov 4 2007 // By Kathleen S. Ellis The stars are aligning for a growing demand for political risk insurance. Changes in the landscape have created fresh opportunities for producers to increase retention and grow their customer base by...
Commercial insurers stock prices, M&A activity flat in third-quarter 2007
Nov 4 2007 // Stock Prices: Commercial property/casualty insurer stocks have been relatively flat through the third quarter of 2007. Chubb Corp. (NYSE:CB) had the largest gains for the year, up a modest 3 percent. M&A Activity: The...
Value analysis in the current D&O market
Nov 4 2007 // Competition in the insurance market is heating up, and as the directors and officers (D&O) market continues to soften, primary carriers are looking for new ways to differentiate themselves and broaden their...
News Currents
Nov 4 2007 // Catastrophic wildfires sweep across Southern California Industry estimates insured losses at more than $1.5 billion and rising Insured losses are continuing to accumulate from Southern California wildfires that burned in...
States under cover
Nov 4 2007 // Natural catastrophes — and the affordability and availability of property insurance in disaster-prone areas — have been on center stage in coastal states from the Northeast to the Gulf Coast. This fall, the...
Political risk: Converting mystery into opportunity
Nov 4 2007 // By Kathleen S. Ellis The stars are aligning for a growing demand for political risk insurance. Changes in the landscape have created fresh opportunities for producers to increase retention and grow their customer base by...
Munich Re’s ERGO in Joint Venture with Indian Insurer HDFC Ltd.
Nov 2 2007 // In a joint statement Indian housing finance pioneer HDFC Ltd. and Germany’s ERGO (Munich Re’s primary insurance division) announced that they have agreed to form a general insurance joint venture. The...
Maine Workers’ Compensation Insurers File for 2.2% Decrease
Nov 2 2007 // The National Council on Compensation Insurance, an advisory rating organization for companies that offer workers’ comp insurance, is asking state regulators for an average rate decrease of 2.2 percent in Maine next...
Consumer Group Says Calif. Commissioner’s Aide Helped Insurers in Lawsuit
Nov 2 2007 // The Foundation for Taxpayer and Consumer Rights is claiming a former insurance industry lawyer, a senior counsel to California Insurance Commissioner Steve Poizner, covertly assisted insurance companies in a lawsuit they...
National Contractors Insurance Company, Inc.
Nov 1 2007 // NCIC, a Risk Retention Group, Secures AM Best Rated A- (Excellent), Class Viii, Reinsurance for its Contractor General Liability Program This is a real reinsurance program, not some unspecified excess of loss being used by...
Willis Rolls Out New ‘Quality Index®’
Nov 1 2007 // In a move it describes as taking the “price and prejudice” out of clients’ insurance decisions, Willis Group Holdings has launched a new “Quality Index” for its global clients. Chairman and...
