Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurers have manageable exposure to subprime turmoil, report says
Sep 24 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...
N.Y. moves to end bureau-filed rates for workers’ comp
Sep 24 2007 // Workers’ compensation rates in New York State should be determined by more competition among insurance carriers, instead of through the current rating board that now proposes these rates, Insurance Superintendent...
U.S. report: Private insurers overpaid by national flood program
Sep 24 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...
Burnes: four insurers eyeing deregulated Mass. auto market
Sep 24 2007 // Massachusetts Insurance Commissioner Nonnie Burnes says four insurers not now writing auto insurance in the state have said they might enter if her plan to allow competitive pricing goes forward. Burnes is not naming the...
A policyholder bonanza: Texas Supreme Court decides Lamar Homes
Sep 24 2007 // The Supreme Court also disagreed with the district court’s common sense ruling that faulty workmanship that damages the property of a third party is a covered “occurrence,” whereas faulty workmanship that...
News Currents
Sep 24 2007 // Oregon passes motor vehicle, P/C insurance-related bills The 2007 Oregon Legislature has passed a number of bills relating to property/casualty insurance, including several dealing with motor vehicle liability...
U.S. report: Private insurers overpaid by national flood program
Sep 24 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...
Hawaii insurers file 16.8 percent workers’ comp cost decrease
Sep 24 2007 // The National Council on Compensation Insurance has filed a request to decrease workers’ compensation loss costs in Hawaii by 16.8 percent, beginning Jan. 1, 2008, according to the state Department of Commerce and...
News Currents
Sep 24 2007 // Judge throws out all federal antitrust charges against insurers, brokers No evidence found to support charges of a global conspiracy among commercial brokers and insurers Finding the charges lack any factual support, a...
Washington’s Trial Bar, Insurers Roll Up Sleeves for Ref. 67 Fight
Sep 24 2007 // Who says an off-year election has to be boring? With millions in campaign contributions, weeks of bruising TV ads and plenty of name-calling, trial lawyers and insurance companies are doing their best to spice up this...
Promises to keep
Sep 24 2007 // Deregulation is breaking out all over, with Democrats spearheading the changes and making the promises of a better insurance future. Most recent is the Spitzer administration’s move to deregulate workers’...
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...
