Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Southern governors hear from insurance execs on coastal coverage
Sep 3 2007 // Southern governors and insurance executives met late last month in Biloxi, Miss., about the challenges of keeping insurance coverage in coastal areas that are vulnerable to hurricanes, but they reached no consensus on how...
Case Watch
Sep 3 2007 // Bad Faith Pickett v. Texas Mut. Ins. Co. Tex.App., Austin, July 26, 2007 Requirement that insured exhaust workers” compensation administrative procedures prior to bad faith suit sustains constitutional...
News Currents
Sep 3 2007 // Report: insurers did not shift wind claims A preliminary report from the federal government has found no evidence to support allegations that private insurers improperly shifted wind damage claims from Hurricane Katrina...
The subprime mortgage meltdown: will insurance feel the heat?
Sep 3 2007 // The subprime mortgage lending blame game is in full swing — with people arguing about who’s at fault for mortgage defaults, bond losses and lender failures. But it’s only the “very top of the first...
8 Florida insurers, politicians at
Sep 3 2007 // odds over rate filings Insurers not delivering rate cuts that politicians promised 8 Southern governors battered by coastal insurance issues Frustrated with lack of private market 10 Liberty Mutual and Ohio...
News Currents
Sep 3 2007 // Florida home insurers, politicians at odds over rate filings About seven months ago, Gov. Charlie Crist signed legislation he said would lower property insurance premiums. It hasn’t quite turned out that way. State...
Southern governors hear from insurance execs on coastal coverage
Sep 3 2007 // Southern governors and insurance executives met late last month in Biloxi, Miss., about the challenges of keeping insurance coverage in coastal areas that are vulnerable to hurricanes, but they reached no consensus on how...
Case Watch
Sep 3 2007 // Bad Faith Pickett v. Texas Mut. Ins. Co. Tex.App., Austin, July 26, 2007 Requirement that insured exhaust workers” compensation administrative procedures prior to bad faith suit sustains constitutional...
Insurance company protecting pricey Idaho homes from wildfire
Sep 3 2007 // Idaho’s Sun Valley Insurance is doing everything it can to keep claims at bay during wildfire season — including sending in a fire truck to cover million-dollar homes threatened by a wildfire outside the...
Texas’ July Enforcement Actions Result in $1.2M in Fines, Restitution
Aug 30 2007 // The Texas Department of Insurance announced enforcement actions taken by Commissioner Mike Geeslin that became final during July. The actions include seven license revocations, a license denial and fines and restitution...
Trial Bar Report: Insurers Still Denying Claims 2 Years After Katrina
Aug 30 2007 // Two years after Hurricane Katrina decimated the homes of thousands of Gulf Coast residents insurance companies are still systematically denying policyholders fair and just claims payments following this and other natural...
S&P: Insurers’ Investments ‘On Solid Ground’ Despite Subprime Credit Crisis
Aug 30 2007 // Standard & Poor’s Ratings Services has recently completed a survey covering all the insurance and reinsurance companies it rates globally to determine their exposure to U.S. subprime mortgage-related...
U.S. Insurers’ Subprime Exposure ‘Minimal,’ Says Fitch Ratings
Aug 30 2007 // According to a new report from Fitch Ratings, the U.S. property casualty insurance industry’s risk from various subprime mortgage exposures is “minimal.” Fitch said it based its conclusion on an analysis...
4 Insurers Said to Be Eyeing Mass. Auto Market After Deregulation
Aug 30 2007 // Massachusetts Insurance Commissioner Nonnie Burnes says four insurers not now writing auto insurance in the state have said they will enter if her plan to allow competitive pricing goes forward. Burnes is not naming the...
Proposed Mass. Auto Rules Would Ban Use of Socioeconomic Factors
Aug 29 2007 // Auto insurers in Massachusetts would not be allowed to use socioeconomic factors in competitively pricing or underwriting policies under a regulation proposed by Insurance Commissioner Nonnie Burnes. The draft regulation...
Insurer’s Civil Suit Warning Halts Probe of N.C. Lacrosse Rape Case
Aug 29 2007 // A special committee probing the Durham, N.C. Police Department’s handing of the Duke lacrosse rape case has stopped its work because the city’s liability insurance provider warned that findings could provide...
N.Y. Halts Insurers from Tying Coastal Home Renewals to Other Business
Aug 29 2007 // Insurance companies in New York may not refuse to renew homeowners insurance policies based on whether a policyholder has other business such as an auto or life policy with them, under a new order from the state insurance...
P/C Insurers Must Diversify Products, Distribution, Says IBM Study
Aug 28 2007 // U.S. consumers want insurance companies to more effectively communicate new products and services available to them, provide tailored policies and services to better meet their needs, and bring their customer experience up...
Moody’s: US Sub-prime Crisis has ‘Limited Direct Impact’ on European Insurers
Aug 27 2007 // The London office of Moody’s Investors Service has issued a new “Special Comment” analyzing the current crisis in the US sub-prime mortgage market and “the related uncertainty surrounding structured...
Pa. Medical Malpractice Insurer Files for 11% Rate Cut
Aug 27 2007 // Medical malpractice insurer PMSLIC Insurance Co. has filed for an overall 11 percent rate reduction in Pennsylvania. If approved by the Pennsylvania Department of Insurance, the revised rates will go into effect Jan. 1,...
