Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Advice for firms considering a captive
Oct 8 2007 // If you are a mid-sized business interested in an alternative risk transfer product, choose your service providers carefully. Dealing with those who are inexperienced in the captives market can result in delays and...
BOPs deliver more now than in the old days
Oct 8 2007 // The business owner policy (BOP) of today is not the BOP of yesterday, industry experts agree. When the first BOP coverage was introduced in the late 1970s, it was mostly utilized by direct writers whose niche in the...
W.R. Berkley Completes Acquisition of American Mining Insurer
Oct 5 2007 // Connecticut-based W. R. Berkley Corp. reports it has closed on the acquisition of CGH Insurance Group, the owner of American Mining Insurance Co. Terms of the transaction were not disclosed. American Mining, based in...
La. Commissioner Faces Three Challengers in Insurance Race
Oct 5 2007 // Louisiana Insurance Commissioner Jim Donelon will face three little-known candidates who lack both fundraising strength and political experience, according to some observers. Donelon is a political veteran with three...
Program Designed to Attract More Insurers to Write Property in La.
Oct 4 2007 // The state is taking applications for a $100 million incentive program designed to get insurance companies to write more property coverage in Louisiana. The goal of the program is to make private insurance more available in...
Ratings Round Up: Travelers, Atlantic American
Oct 3 2007 // A.M. Best Co. has upgraded the financial strength ratings (FSR) to A+ (Superior) from A (Excellent) and issuer credit ratings (ICR) to “aa-” from “a” for Northland Insurance Co. (St. Paul, Minn.),...
For Small Fla. Insurer, Sunshine State Brings Storm Clouds
Oct 3 2007 // From “Happy Days” to “The Perfect Storm” is how one Florida insurance executive describes her state’s turbulent and defining years between 2003 and 2007 – and she isn’t talking...
Starr International Buys Texas-based P/C Insurer from Berkshire Hathaway
Oct 3 2007 // Starr International Co. Inc. announced its U.S. subsidiary, Starr International USA Inc. (SICO USA), acquired Republic Insurance Co. from Columbia Insurance Co., a member of Warren Buffett’s Berkshire Hathaway...
Judge Dismises Corruption Charges Against Marsh, Brokers, Insurers
Oct 2 2007 // The same federal judge who early in September dismissed all federal antitrust charges against Marsh & McLennan Companies and a group of other brokers and insurers has now thrown out all related federal charges of...
Pa. Judge Accused of Bilking Insurers to Take His Defense to Trial
Oct 2 2007 // Suspended Pennsylvania Superior Court Judge Michael T. Joyce intends to stand trial on federal money laundering and mail fraud charges, according to his lawyer. Attorney David Ridge refused to comment on the defense...
Insurers’ Use of Credit Scores on Agenda on Capitol Hill Today
Oct 2 2007 // U.S. Rep. Melvin L. Watt, D-N.C., chairman of the House Subcommittee on Oversight and Investigations, will oversee a hearing today on Capitol Hill to consider the implications for consumers of the growing use of...
Insurers Must Review Premium Credits by Oct. 31, La. Says
Oct 1 2007 // Insurers have until Oct. 31 to review the discounts they offer for policies in Louisiana that don’t cover wind or have high hurricane deductibles, according to a bulletin issued by the Louisiana Department of...
Wis. Jury Says Quad/Graphics and Insurer Entitled to $63 Million
Oct 1 2007 // Quad/Graphics and its insurer are entitled to $63 million in damages from the 2002 collapse of a shelving system that ignited a fire at the publishing giant’s Lomira plant, according to a jury verdict. The jury...
U.S. P/C Insurers’ Reserving Likely To Remain Prudent, S&P Says
Oct 1 2007 // Will increased competition and lower pricing lead U.S. property/casualty insurers to skimp on reserves? Not according to a report published by Standard & Poor’s Ratings Services. The article, “For U.S....
More States Join Centralized Insurer Market Conduct Exam Initiative
Sep 30 2007 // Alabama, California, Montana, Rhode Island and Washington will begin requiring insurance companies to file annual statement data as part of a growing effort to make market conduct exams more efficient that now includes 30...
The Offshore Tax Debate – Déjà vu – All over Again
Sep 28 2007 // At least that’s how Yogi Berra might describe it. On Sept. 25 William R. Berkley, chairman and CEO of the company of the same name, gave a detailed indictment before the Senate Finance Committee of the iniquities...
La. Commissioner to ask Insurers to Continue Katrina Mediations
Sep 28 2007 // Property insurers in Louisiana should continue mediating outstanding claims of homeowners who sustained damages in Hurricane Katrina and pay the costs of the sessions, although they are not legally obligated to do so,...
Fla.’s Citizens Responds to Agents’ Advisory on Coverage Gaps
Sep 28 2007 // Responding to a consumer advisory about potential coverage gaps issued by the state’s independent insurance agents, Citizens Property Insurance Corp. maintained that its basic coverages match what most private...
Colo. Releases Tools for Consumers to Check Insurance Company Complaints
Sep 27 2007 // The Colorado Division of Insurance has released two references to help consumers make more informed decisions about buying insurance: an Interactive Complaint Ratio search tool and the Consumer Complaint Ratio Report. The...
Insurers Outline Consequences of No-Fault Law Expiration in Florida
Sep 27 2007 // For the vast majority of policyholders, nothing will change on Oct. 1. Policyholders will still maintain the insurance coverage they had in place on Sept. 30 for the duration of their contract. Auto insurance policies are...
