Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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...
Insurance Company Must Defend Wis. School Employee in Defamation Suit
Nov 1 2007 // A school’s insurance company must pay the attorney fees and expenses of an administrative assistant who was sued for defamation, a state appeals court ruled Tuesday. Gail Haack, who worked for former Algoma School...
Insurer Trade Group PCI Elects New Officers: Joyce, Blackburn, Abraham
Oct 31 2007 // The Property Casualty Insurers Association of America (PCI) elected new officers during its annual meeting in Boston today. Robert Joyce, chairman and chief executive officer of Westfield Group, was elected as the...
Insurer for Norwich, Conn. Diocese Settles Another Abuse Case
Oct 30 2007 // Bishop Michael Cote of the Diocese of Norwich, Conn. says a settlement of $170,000 will be paid to a Pawcatuck man who claims he was molested by a priest in a Stonington church. The word of the settlement came in a letter...
Texas Sept. Enforcements Result in Nearly $376K in Fines, Restitution
Oct 30 2007 // Enforcement actions taken by Texas Insurance Commissioner Mike Geeslin that became final during September 2007 include 12 license revocations, three license denials and fines and restitution totaling $375,983, the Texas...
Spain’s Mapfre to Buy Mass.-Based Commerce Insurance for $2.2 Billion
Oct 30 2007 // Spain’s largest insurer, Mapfre S.A., has agreed to buy the Massachusetts-based personal lines insurer The Commerce Group, Inc. for $2.21 billion in cash in a bold move to expand its presence in the U.S....
Private Insurers Find Way to Grow in Florida Homeowners Market
Oct 29 2007 // The Florida Office of Insurance Regulation signed Consent Orders allowing four companies to assume a total of 173,000 policies from the Citizens Property Insurance Corp., the state’s insurer of last resort. American...
Brownyard Adds Admitted Carrier to Private Investigator Program
Oct 29 2007 // The Brownyard Group, based in Bay Shore, N.Y., added Arch Insurance Co. as an admitted carrier for its PI Protect program, which serves private investigators and security consultants. Arch Insurance Co., rated A...
