Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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...
Endurance Specialty to Acquire Crop Insurer ARMTech
Sep 7 2007 // Endurance Specialty Holdings Ltd., a Bermuda-based provider of property and casualty insurance and reinsurance, reports that one of its U.S. based holding companies is buying out ARMtech Insurance Services, Inc. and its...
Texas Medical Liability Carrier Announces Rate Cut
Sep 7 2007 // Medical liability insurer Texas Medical Liability Trust (TMLT) recently approved a 6.5 percent rate reduction for all medical specialties and classes effective Jan. 1, 2008, the third straight rate reduction/dividend for...
Fla. Special Session Postponed, Insurers Agree on Level of Confusion
Sep 7 2007 // A three-week Florida special legislative session scheduled to begin Sept. 18 has been postponed, meaning lawmakers will probably not act to halt the Oct. 1 expiration of a key no-fault auto insurance law. The session was...
Federal Judge Allows Class Action Against Disability Insurer Unum
Sep 6 2007 // A federal judge in Chattanooga, Tenn. has granted class-action status to a lawsuit that contends Unum Group, the nation’s largest disability insurer, schemed to deny or terminate claims of thousands of disabled...
Maryland Officials to Explain Good Faith P/C Damage Filings
Sep 6 2007 // The Maryland Insurance Administration (MIA) will conduct a workshop to explain how it will implement newly enacted legislation that authorizes the award of enhanced damages against property and casualty insurance companies...
Insurer Doesn’t Have to Pay for Miss. Pastor’s Sex Charge Defense
Sep 6 2007 // State Farm Insurance Co. does not have to pay to defend the Rev. Jeffery Stallworth of Jackson, Miss., from a civil lawsuit filed by a Maryland woman who accused him of sexually assaulting her in 2001 in her home, a...
Judge Throws Out All Federal Antitrust Charges Against Insurers, Brokers
Sep 6 2007 // Finding the charges lack any factual support, a federal judge has dismissed a big antitrust conspiracy case that was lodged against large commercial insurance brokers and insurers back in 2004 when bid rigging and account...
Allstate Balks at N.Y. Ban on Tying Home Renewals to Other Business
Sep 5 2007 // Allstate Insurance Co. is defending its right to non-renew certain homeowner insurance accounts in New York based in part on whether the insureds also have auto or life policies with the company. The non-renewal tactic is...
