Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
N.H. Gov. Lynch Undecided Over Civil Damages Bill Opposed by Insurers
Jun 28 2007 // New Hampshire Gov. John Lynch is in the middle of a battle over a bill to change the way juries can assign blame in lawsuits. Lynch has talked with business groups who are against the change and with trial lawyers who...
P/C Industry Net Income, Overall Profitability Slip in 1Q 2007
Jun 28 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...
La. Senate Adds Homeowner Tax Breaks to $100M Insurance Plan
Jun 27 2007 // If Louisiana Gov. Kathleen Blanco is offering $100 million to insurance companies, then homeowners deserve a $93 million tax break on the premiums they’ve paid since the 2005 hurricanes, the Senate voted June...
75% of Auto Insurance Shoppers Who Met with Poor Service Switch Carriers, Survey Finds
Jun 27 2007 // While 33 percent of auto insurance consumers who shop because of price ultimately switch carriers, nearly 75 percent of those who shop because they have experienced poor customer service switch carriers, according to the...
California Teams, Laws To Aid Victims in Lake Tahoe Fire
Jun 27 2007 // California Insurance Commissioner Steve Poizner has dispatched Damage Assessment and Disaster Fraud Response teams to Lake Tahoe to assist consumers with the losses from the Agora fire burning at Lake Tahoe. Meanwhile, a...
House Passes Uniform Surplus Lines Insurance Reform
Jun 26 2007 // The U.S. House of Representatives passed H.R. 1065, the Nonadmitted and Reinsurance Reform Act of 2007, legislation that if enacted, will help increase the efficiency of the existing state-based insurance regulatory...
Industry Supports Terror Bill But Not All Agree with NBCR Mandate
Jun 26 2007 // At a June 21 congressional hearing in Washington, D.C., insurance industry group representatives generally spoke in favor of a bill that would extend the federal backstop for terrorism insurance coverage for another 10...
Insurers Say S.C. Workers’ Comp Law Good, Could Be Better
Jun 25 2007 // A highly anticipated workers compensation reform package is a victory for South Carolina workers, the business community and the insurance industry but it still lacks some integral components necessary to achieve the...
Best Lists ‘Public Information” Ratings on 52 Canadian P/C Companies
Jun 25 2007 // A.M. Best Co. has released a list of ratings on a number of Canadian P/C insurers, based on publicly available financial information. “These ratings are based solely upon public information and present the most...
Hiscox Acquires ALTOHA
Jun 25 2007 // Bermuda-based Hiscox Ltd. has acquired – subject to regulatory approval – ALTOHA, Inc. an insurance holding company, and its subsidiaries, including American Live Stock Insurance Company, the premier live stock...
Lawsuit Claims Insurer, Puyallup Denied Firefighter’s Benefits, Caused Death
Jun 22 2007 // The family of a Puyallup, Wash., firefighter has filed a lawsuit claiming the city of Puyallup and its insurer illegally denied health benefits after the worker contracted a disease on the job that ultimately led to his...
Gramercy Insurance Company Selects NetRate Systems Rating System
Jun 21 2007 // To Improve Efficiency and Speed with Commercial Lines Quotes ATLANTA, GA and OKEMOS, MI – NetRate Systems, Inc., a leader in Property & Casualty Rating and Applications software, announces an agreement to...
Insurers Hit Additional N.J. Rules on Personal Information Protection
Jun 21 2007 // New Jersey officials’ interpretation of a new state law meant to thwart identity theft goes further than lawmakers intended and would impose impractical requirement upon insurance companies, according to an industry...
S&P Affirms Bermuda Insurers Ratings after ‘Hybrid Securities’ Review
Jun 20 2007 // Standard & Poor’s Ratings Services announced that it has “affirmed its ‘BBB+’ preferred stock rating on PartnerRe Ltd.; its ‘BBB’ preferred stock ratings on ACE Ltd. and...
P/C Insurers Invest $320 Billion in Public Projects Including Schools
Jun 20 2007 // The insurance industry holds investments in municipal bonds worth more than $320 billion, investments that help fund construction of schools, roads, and hospitals, and support a variety of other public sector activities,...
Pa. Lawmaker Seeks to Stop Insurers’ Use of Credit Scores
Jun 19 2007 // A Pennsylvania legislator has introduced a bill that would prohibit insurance companies from using credit scores to help determine how much customers pay for car insurance. “It’s a tool the insurance industry...
News Currents
Jun 18 2007 // R.I. House members forward coastal measures The leaders of a special Rhode Island House commission studying the effects of natural disasters on property insurance costs have introduced legislation they say is aimed at...
Warning: Scammers using Maine insurer’s name
Jun 18 2007 // The Maine Bureau of Insurance is advising consumers to beware of an illegal sweepstakes scam targeting MMG Insurance Co., a Maine domestic workers’ compensation insurer located in Presque Isle. Officials at MMG...
Anatomy of a misunderstanding: Is Texas a direct-action state?
Jun 18 2007 // One of the hallmarks of Texas insurance law is that Texas, unlike Louisiana and a handful of other states, is not a “direct-action” state. This simply means that a third-party claimant/plaintiff cannot bring a...
Maximizing your value by asking the right questions
Jun 18 2007 // Price, all too often, is the single factor in an agent’s choice of workers’ compensation insurance coverage for his or her clients. An effective way to differentiate your agency from your competitors is to shop...
