Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Fla. Insurer Activates Mobile Claims Center in Pensacola
Oct 19 2007 // Citizens Property Insurance Corp. opened a mobile claims center in Pensacola today to help policyholders with property damaged by tornadoes that ripped through the area, a Citizens official said. “We opened the...
Survey: Satisfied Buyers of Homeowners Coverage Subscribe to More Than One Policy
Oct 18 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...
Report: Insurance Initiatives Tackling Climate Change Reach New High
Oct 18 2007 // Hundreds of new insurance initiatives, including green building credits, drought-protection in developing countries and incentives for investing in renewable energy and carbon emissions trading are being offered to tackle...
N.Y. Moves to Level Playing Field on Collateral for All Reinsurers
Oct 18 2007 // Non-U.S. reinsurers would no longer have to post collateral to operate in New York as long as they have the highest credit ratings. Also, all reinsurers — even U.S.-based — without the highest credit ratings would have...
The Doctors Co. to Grow by Acquiring Calif. Medical Liability Insurer, SCPIE
Oct 17 2007 // Physician-owned liability insurer The Doctors Company is expanding its market by acquiring SCPIE Holdings Inc., a provider of healthcare liability insurance in California and Delaware. Following the merger, The Doctors...
D&O Insurer Asks N.Y. Court to Confirm Tyco Chief Owes $2 MIllion
Oct 17 2007 // A British insurance company has asked a New York state court to confirm an arbitration award that directs imprisoned corporate thief L. Dennis Kozlowski, former head of Tyco International Ltd., to pay nearly $2 million...
Neb. Man Sentenced for Charging Insurers for Bogus Auto Glass Repairs
Oct 17 2007 // The Nebraska Department of Insurance announced earlier this month that James Almond III, dba Viking Glass, was sentenced by District Court Judge Thomas Otepka on three felony counts of insurance fraud. Almond had been...
Taiwan Insurer Approved by Chinese Regulator for Mainland Operations
Oct 16 2007 // Two wholly owned units of Cathay Financial Holding Co. have obtained approval from Chinese regulators to enter the property insurance market on the mainland, the Taiwanese company has said. Cathay Life Insurance Co. and...
AIR Service Assesses Insurers’ Residential Replacement Values
Oct 15 2007 // AIR Worldwide Corp. (AIR) is offering a new service to assess insurance-to-value (ITV) of U.S. residential property portfolios for reinsurance contract renewals. Available for insurers, reinsurers and brokers, the service...
DiBlanda Joins New Insurer, Valiant
Oct 15 2007 // Valiant Insurance Group, Inc. announced that John N. DiBlanda has joined its U.S. property and casualty insurance operations as chief financial officer and chief operating officer. Prior to joining Valiant, DiBlanda served...
Mass. AG Calls for 18% Cut in Home Insurance Rates Charged by FAIR Plan
Oct 12 2007 // Homeowners insurance rates for many in Massachusetts insured through the state’s secondary market insurer, the FAIR Plan, would drop 18 percent if Massachusetts Attorney General Martha Coakley gets her...
Agents Fear N.Y. Coast Insurance Market Worse; Pols Weigh Options
Oct 11 2007 // New York lawmakers are considering taking action to improve coastal insurance availability while insurance agents are telling them they fear market restrictions are worsening. Insurance companies, meanwhile, claim the...
Property/Casualty Insurers to Pay $1.13 Billion in 3Q Cat Claims
Oct 11 2007 // U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $1.125 billion for third-quarter property losses resulting from a total of six catastrophes in 11 states, according to preliminary...
UK Insurers Assail Government Failure to Spend on Flood Defense
Oct 10 2007 // Stephen Haddrill, the Director General of the Association of British Insurers (ABI), reproached the UK Government for its failure to do more to protect the country from increased exposures to floods. Responding to the...
La. Governor Candidates Offer Array of Insurance Ideas
Oct 10 2007 // The four major candidates for Louisiana governor have a range of different ideas for eliminating a persistent obstacle to south Louisiana’s hurricane recovery: high homeowners insurance rates. Walter Boasso and Bobby...
Mass. Bans Credit Scores in Both Rating, Underwriting in New Auto Plan
Oct 9 2007 // Auto insurers in Massachusetts will not be able to use credit scores to price or underwrite risks when the state enters its managed competition market next April. Insurance Commissioner Nonnie Burnes sided with consumer...
Maryland Malpractice Insurer Told Its $69 Million Dividend Belongs to State
Oct 9 2007 // Maryland’s largest medical malpractice insurer should return its entire $68.6 million dividend to the state, instead of the $32.5 million it has proposed as part of its exit from a subsidy program designed to lower...
Ky.: Unauthorized Insurer Offering Health Insurance to Consumers
Oct 9 2007 // The Kentucky Office of Insurance is investigating reports that an unidentified company is selling health insurance in Kentucky without proper authorization. A flyer, which has been faxed to consumers in Kentucky, does not...
Washington insurers, trail lawyers at odds over treble damages
Oct 8 2007 // Study says Referendum 67 could cost $650 million With millions in campaign contributions and plenty of name-calling, trial lawyers and insurance companies in Washington are doing their best to spice up this fall’s...
COMP INSURERS APPEAL S.C. RATE HIKE REJECTION
Oct 8 2007 // The South Carolina Department of Insurance recently disapproved a request made by the National Council on Compensation Insurance to increase loss costs statewide by 23.7 percent. NCCI State Relations Executive, Amy Quinn,...
