Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Texas: 32 workers’ comp carriers high performing
Sep 24 2007 // In its initial assessment of workers’ compensation carriers and providers, the Texas Department of Insurance Division of Workers’ Compensation found that 32 of the insurance carriers reviewed were high...
From Consumer Viewpoint, New Mass. Auto Rules Need Work
Sep 21 2007 // A Massachusetts consumer group and Attorney General Martha Coakley urged Insurance Commissioner Nonnie Burnes to incorporate more consumer protections and ban the use of credit scores in her proposed auto insurance...
Fla. High Court Affirms Policies Cover Only Losses from Covered Perils
Sep 21 2007 // Florida’s valued policy law means property insurance companies are only responsible for actual damages caused by perils that are specifically cited in the policy, the Florida Supreme Court has affirmed in a key...
Md. Insurer Says It No Longer Needs Malpractice Premium Subsidy
Sep 19 2007 // Maryland’s largest medical malpractice insurer plans to leave a state premium subsidy program and return some of the money it has received, saying it no longer needs the subsidy to stabilize premiums for doctors...
Texas Medical Liability Insurer to Lower Rates Again
Sep 19 2007 // Medical professional liability insurer Medical Protective announced it will reduce its average rates for Texas physicians by another 7.3 percent effective Jan. 1, 2008. The company said the reduction will be the fifth in...
Texas: E-Billing for Workers’ Comp System Begins Jan. 1
Sep 18 2007 // The Texas Department of Insurance Division of Workers’ Compensation issued a reminder that workers’ compensation system health care providers and insurance carriers are required to be able to exchange medical...
Insurers Have Manageable Exposure to Subprime Turmoil
Sep 18 2007 // The vast majority of U.S. insurers have little or no exposure to the volatility in the subprime mortgage market because a substantial percentage of their investments are in the highest-rated bonds or stocks with no direct...
Insurers Agree to $6 Million Settlement in Deadly Fla. Mobile Home Fire
Sep 17 2007 // Five survivors of an Immokalee, Fla., mobile home fire and the families of five more who died in the blaze will share a $6 million insurance settlement. The Collier County Sheriff’s Office is still investigating the...
The Hanover Completes Acquisition of Lawyers’ Insurer, Professionals Direct
Sep 17 2007 // The Hanover Insurance Group, Inc. reports it has completed the previously announced acquisition of Professionals Direct, Inc. for $23.2 million. Professionals Direct’s companies specialize in lawyers professional...
Texas Assesses Performance of Comp Carriers, Providers
Sep 17 2007 // The Texas Department of Insurance Division of Workers’ Compensation (TDI-DWC) announced the results of the initial review of workers’ compensation insurance carriers and health care providers as part of the...
Fla. Denies Rate Increases for Hartford Insurance Companies
Sep 14 2007 // Florida Insurance Commissioner Kevin McCarty denied eight rate filings submitted by insurance companies of The Hartford Financial Services Group. The filings submitted were not actuarially justified and lacked supporting...
U.S. Report: Private Insurers Overpaid by National Flood Program
Sep 13 2007 // The federal government may be overpaying private insurers for their operating costs associated with the National Flood Insurance Program (NFIP), a recent report said. The government’s payments to insurance companies...
Industry Needs to Address Climate Change Says F&C Report
Sep 13 2007 // A new study from the London-based F&C Asset Management Group sounds a warning to the insurance community that the effects of climate change could have devastating consequences. “The magnitude and frequency of...
Calif. Passes Bill to Fund Earthquake Authority with $1.3 Billion from Insurers
Sep 13 2007 // The California Legislature has passed SB 430, designating $1.3 billion from participating insurers to fund the California Earthquake Authority (CEA). This additional $1.3 billlion contribution is being made with no...
Calif. Association Urges Governor to Sign Workers Comp Bill
Sep 13 2007 // The Association of California Insurance Companies (ACIC) is urging Gov. Arnold Schwarzenegger to sign into law legislation that it said could encourage expansion of the workers’ compensation insurance market in...
Allstate to Comply with N.Y. Anti-Tying Rule on Home Nonrenewals
Sep 12 2007 // Allstate Insurance Co. and its affiliates have agreed to comply fully with a directive by the New York State Insurance Department that insurance companies may not refuse to renew homeowners insurance policies based on...
Insurers Call on N.C. to Strengthen Coastal Building Code Requirements
Sep 11 2007 // In testimony today before the North Carolina Building Code Council, the American Insurance Association urged that stronger hurricane resistant construction standards be required for all areas of the coast vulnerable to...
Sept. 11 is Reminder of Need for Terror Reinsurance, Say P/C Insurers
Sep 11 2007 // Six years after September 11, 2001, the threat of terrorist attack remains a source of tremendous uncertainty for the United States economy, with potentially negative consequences for both business interests and...
Sens. Dorgan, Specter Move to Halt Mexican Trucks in U.S.
Sep 11 2007 // Two senators want to ban Mexican trucks from U.S. roads, saying not enough has been done to make sure they are safe. Sens. Byron Dorgan, D-N.D., and Arlen Specter, R-Pa., want to strip funding for a program launched last...
Demotech Summit: Fla.’s Private Sector Strives to be Heard Amid Political Rate Storm
Sep 10 2007 // Exclusive Video Florida’s Political Hurricane: It’s All About Rates Florida’s property insurance industry is in the middle of the hurricane season — the political hurricane season. The state’s...
