Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
LA. SEEKS PROPERTY INSURERS
Oct 27 2007 // LUXURY AND SAFETY Not always the same thing FINDING COMMON GROUND Surplus lines execs debate issues
News Currents
Oct 27 2007 // La.’s $100M incentive program commences Louisiana began taking applications Oct. 2 for a $100 million incentive program designed to get insurers to write more property coverage in the state. The goal of the program...
Off-year election 2007 could provide glimpse into 2008
Oct 27 2007 // This fall is an off-year election season with only a handful of federal races and most state houses gearing up for contests in 2008. However there are some races — a hotly-debated referendum in Washington and key...
Premium Growth: Top 25 P/C premium gainers for first-half 2007
Oct 27 2007 // According to Gail Sheehy, growth demands a temporary surrender of security. Although it is unlikely she was speaking of property and casualty insurance industry marketshare when she made this comment, it seems to me that...
For small truckers, exceed the minimum
Oct 27 2007 // The past few years have not been easy for the U.S. trucking industry. Rising fuel prices, threats of terrorism, new regulations and the daily challenges of simply moving heavy freight from point A to point B, have combined...
NetRate Systems Introduces ‘Black Box’ Component for ISO Commercial Lines Rating
Oct 26 2007 // Okemos, MI October 26, 2007 – NetRate Systems, Inc. (Okemos, MI), a leading supplier of ISO® Commercial Lines Rating software for the MGA and carrier marketplace, has announced the availability of component objects...
Insurers Rebut Claims Policies Will Be Cancelled Due to Wildfires
Oct 26 2007 // Insurance industry associations in California are hoping to quell concerns stirred up they say by the media and politicians that indicate homeowners’ policies would be cancelled because of the wildfires. The...
N.Y. Proposal Prompts States to Rethink Regulation of Reinsurers
Oct 25 2007 // As the reinsurance industry increasingly moves offshore, U.S. insurance regulators are rethinking current rules that require only non-U.S. reinsurers to post collateral equal to the full amount of their liabilities to U.S....
Mass. Caps Hikes in Auto Insurance at 10%; Smaller Insurers Eye 2.5% Cut
Oct 25 2007 // The first moves toward competitive rating for auto insurance in Massachusetts indicate that rates for drivers insured by insurers with small market share could drop an average 2.5 percent, while rates for drivers in the...
Homeowners Insurers Not Earning Cost of Capital Despite Rate Increases
Oct 24 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...
Texas Workers’ Comp Penalties Total Nearly $685K for Aug., Sept.
Oct 23 2007 // Final disciplinary actions taken by Texas Commissioner of Workers’ Compensation Albert Betts during August and September 2007 include orders assessing administrative penalties totaling $684,877 for violations of the...
Survey: MMG of Maine Named Best Ease of Doing Business Performer
Oct 23 2007 // More than 8,000 independent agents and brokers assessed the performance of over 220 property and casualty carriers in Deep Customer Connections Inc.’s (DCC) 5th annual Ease of Doing Business (EDB) survey. MMG...
Insurance Group Answers Consumer Questions Raised by Wildfires
Oct 23 2007 // After a wildfire, people usually have questions about the coverage provided by a typical homeowners or auto insurance policy. The Insurance Information Network of California offers answers to some of these basic...
Analyst: Calif. Fires Should Not Result in Large Insurer Losses
Oct 23 2007 // The 11 wildfires burning in Southern California should not result in large individual insurance company losses, according to a recent report by Goldman Sachs Analyst Thomas Cholnoky. Instead, he predicts nontraditional...
Insurers Say Calif. Wildfire Claims May Reach $500 Million
Oct 23 2007 // Exclusive Video California Wildfires: Insurance Industry Assesses Impact California Wildfires: Insurers On Site at Evacuation Centers The insurance industry is estimating that the damage from the wildfires in southern...
Insurers Oppose N.Y. Reinsurance Collateral Changes
Oct 22 2007 // The Property Casualty Insurers Association of America said that it is “strongly opposed to the recent proposal by the New York State Insurance Department that would reduce collateral requirements for that state (See...
Urban Lawmakers Eye Ban on ‘Proxies’ in Mass. Auto Insurance Pricing
Oct 22 2007 // Lawmakers representing urban drivers in Massachusetts are challenging the Patrick administration’s auto insurance plan, saying new regulations leave loopholes for companies to charge higher rates to minorities and...
Okla. AG Charges Insurance Company Owners with Fraud
Oct 22 2007 // Felony charges were filed against two Texans accused of insurance fraud in Oklahoma, Attorney General Drew Edmondson said. The charges, including conspiracy, racketeering and filing a false financial statement, were filed...
Chubb Approved to Form Wholly Owned Chinese Insurer
Oct 19 2007 // The New Jersey-based Chubb Group announced that Federal Insurance Company, a member of the Chubb Group of Insurance Companies, has received approval from the China Insurance Regulatory Commission (CIRC) to convert its...
La. Whistleblower Lawsuit Against Insurers Tossed Out
Oct 19 2007 // A federal judge on Wednesday threw out a so-called “whistleblowers”‘ lawsuit that accuses insurance companies of overbilling the federal government for Hurricane Katrina’s flood damage to Louisiana...
