Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurers Balk as House Panel Votes to Add Wind Coverage to Flood Program
Jul 27 2007 // Private insurance companies are balking at a decision by a key House panel to expand the federal flood insurance program to include wind coverage. The House Financial Services Committee voted yesterday to add wind coverage...
RAND Study: Wind Insurance Scarce on Gulf Coast; Challenge for Both Insurers, Government
Jul 27 2007 // Many businesses along the Gulf of Mexico coast have had a difficult time obtaining wind insurance coverage since Hurricanes Katrina, Rita, and Wilma hit in 2005 and have often ended up paying more than twice as much for...
British Life Insurers Friends Provident and Resolution Agree on Merger
Jul 26 2007 // The board of Friends Provident PLC and Resolution PLC announced that they have agreed on terms to combine two of Britain’s largest life insurers through a stock swap. The new company, Friends Financial Group PLC,...
Terror Insurance Act Moves Forward in House with Lowered Event Triggers
Jul 25 2007 // The federal Terrorism Risk Insurance Revision and Extension Act moved out of the House Financial Services Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises this week and on to the full House...
Consumer Group Says FTC Proves Credit Scoring Costs Minorities
Jul 25 2007 // A national consumer group stepped up its criticism of a recent government report on the use of credit scoring by auto insurers, claiming that the Federal Trade Commission report confirms that African American and Hispanic...
Industry Still Divided as House Federal Charter Measure Reintroduced
Jul 25 2007 // U.S. Reps. Melissa Bean, D-Ill., and Ed Royce, R-Calif., have reintroduced their National Insurance Act of 2007, the so-called optional federal charter bill that proposes letting insurance companies choose federal over...
N.H. Accepts Insurers Use of Credit to Price Auto Insurance
Jul 24 2007 // Most insurance companies doing business in New Hampshire base their customers’ insurance rates partly on their car loans, credit card balances and other debt. Five years ago, the state Insurance Department adopted...
Indiana insurer for mutual insurers, agents celebrates 20 years
Jul 23 2007 // The blueprint for the company was originally conceived by an ad hoc task force of senior executive officers from several mutual property/casualty insurance companies in response to the liability insurance crisis of the...
Insurers Want to Know: Does Enterprise Risk Management Add Value?
Jul 23 2007 // Enterprise risk management will have to meet the expectations of corporate board members and deliver real value to firms if it is to flourish, attendees of the Casualty Actuarial Society meeting in Florida heard. Bill...
La. Gov. Vetoes Bill to Sell All State-Backed Insurer Policies
Jul 23 2007 // Louisiana Gov. Kathleen Blanco on July 20 vetoed legislation to sell off all policies covered by the state “insurer of last resort,” a bill that conflicted with her own plan to reduce the size of the firm. The...
Smaller Mass. agencies could be hurt by surprise move to competitive rating for auto
Jul 23 2007 // Massachusetts insurance agents aren’t happy about the decision to introduce competitive rating into the state’s price-regulated private passenger auto insurance system. They enjoy the best market share in the...
Oregon Seeking Comments on Insurer Assessments
Jul 23 2007 // Oregon’s Department of Consumer and Business Services is seeking public comments on its proposed amendment of the state’s administrative rules relating to assessments against insurers to fund regulatory...
In Vermont, insurer seeks reimbursement for hostage benefits
Jul 23 2007 // An insurance company that paid workers’ compensation to a Thetford, Vermont, bank employee traumatized in a hostage-taking incident is seeking to recover the money from the family of the teenager charged in the...
Congress gets serious about surplus lines insurance reform
Jul 23 2007 // Legislation passes House, heads for the Senate; but not all in the industry think it’s the answer as now written Insurance regulatory reform efforts on Capitol Hill took a giant leap forward with the recent House...
U.S. P/C INSURERS PAY $2.1 BILLION IN CAT LOSSES
Jul 23 2007 // U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $2.175 billion for second-quarter property losses resulting from a total of six catastrophes in 25 states — tying the record...
Smaller Mass. agencies could be hurt by surprise move to competitive rating for auto
Jul 23 2007 // Massachusetts insurance agents aren’t happy about the decision to introduce competitive rating into the state’s price-regulated private passenger auto insurance system. They enjoy the best market share in the...
P/C industry net income, overall profitability slips
Jul 23 2007 // The U.S. property/casualty insurance industry’s net income after taxes dipped to $15.8 billion in first-quarter 2007 from $16.7 billion in first-quarter 2006 and $17.7 billion in first-quarter 2005, according to...
Managing energy industry risk in a volatile world
Jul 23 2007 // Taking the time to qualify a responsive and capable carrier with energy industry-specific expertise, upfront, before scrambling to line up quotes or compare policy parameters, is worth the investment. The world has...
News Currents
Jul 23 2007 // Indiana insurer for mutual insurers, agents celebrates 20 years The blueprint for the company was originally conceived by an ad hoc task force of senior executive officers from several mutual property/casualty insurance...
Insurers refute Fla. Gov. Crist’s ‘broken promises’
Jul 23 2007 // Insurance companies have taken exception to a reported accusation by Florida Gov. Charlie Crist that the insurance industry has broken its promises to lower rates. In the July 3, 2007, edition of the South Florida...
