Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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...
Managing D&O claims expense
Jun 18 2007 // One of the standard features of the typical directors’ and officers’ liability insurance policy is the provision allowing the insureds to select their own defense counsel, subject only to the insurance...
Terrorism Risk Insurance Act Déjà Vu
Jun 18 2007 // It’s becoming a familiar song: the Federal Terrorism Risk Insurance Act (TRIA) is once again due to expire on Dec. 31, 2007, and as of this writing, no long- or short-term successor program has been decided upon or...
Strength in Numbers
Jun 18 2007 // Today’s demands on independent agents are plentiful: competition, risk management, compensation disclosure, quality markets and carrier’s demands for premium quotas, to name a few. Such demands could be one...
News Currents
Jun 18 2007 // Court sides with insurers on credit reporting case The Supreme Court has sided with two insurance companies in a case involving alleged violations of the Fair Credit Reporting Act. The law requires insurance companies and...
News Currents
Jun 18 2007 // Fast-growing, state-run property insurers pose risk for taxpayers Exponential growth of state-run property insurers of last resort ultimately may shift much of the long-term risk of hurricane-related losses to...
Top 25 workers’ comp insurers represent nearly half of market
Jun 18 2007 // Workers’ compensation direct premiums written for calendar year 2006 exceeded $47 billion. At year-end 2002, it was nearly $34 billion. This represents an increase of 40 percent. However, over the same period, the...
Top 25 workers’ comp insurers represent nearly half of market
Jun 18 2007 // Workers’ compensation direct premiums written for calendar year 2006 exceeded $47 billion. At year-end 2002, it was nearly $34 billion. This represents an increase of 40 percent. However, over the same period, the...
Flood Insurance Program Doesn’t Know If Payments Covered Wind Damage
Jun 14 2007 // Since the National Flood Insurance Program does not collect data on both wind and flood damage claims from its insurers, it’s not possible to know if its billions of dollars in payments on hurricane-damaged...
Insurers Say Florida Backsliding on Insurance Scores
Jun 14 2007 // Property/ casualty insurers are contending that the Florida Office of Insurance Regulation is “off the mark” in developing rules implementing a law passed in 2003 addressing insurers’ use of credit...
Insurers Support Streamlining of Florida Home Mitigation Program
Jun 14 2007 // Florida Chief Financial Officer Alex Sink proposed a rule that streamlines the process for consumers to qualify for insurance premium discounts after taking steps to mitigate hurricane damage. The Property Casualty...
N.M. Requires Transportation Operators To Beef Up Coverage
Jun 14 2007 // Certain public transportation operators will soon be required by the New Mexico Public Regulation Commission to carry more liability insurance. Up to 3,000 so-called “incidental carriers” may be subject to the...
Mo. Employers Paying Less to Cover Injured Workers
Jun 13 2007 // Two years after lawmakers tightened eligibility for benefits to injured workers, the insurance premiums businesses must pay to care for injured workers have dropped to 1994 levels. In 2005, Gov. Matt Blunt and the...
Builder’s Risk Remains Difficult But Manageable, Advises Mercator
Jun 13 2007 // The rest of 2007 will continue to be a difficult time for developers and builders to secure builder’s risk insurance for their projects, according to experts at independent wholesale insurance broker Mercator Risk...
White Named Insurer Regulation Director at Delaware Department
Jun 13 2007 // Steve White has been named director of the Bureau of Company Examination, Regulation and Guaranty (BERG) in the Delaware Department of Insurance, Insurance Commissioner Matt Denn announced. A 13-year employee of the...
Privacy Groups Caution as Insurers Move Health Records to Web
Jun 11 2007 // Privacy groups are sounding alarms as the nation’s largest insurance companies finalize plans to allow millions more customers to post their health records on the Internet. Insurers like Hartford-based Aetna Inc. say...
Investment Manager D.E. Shaw Set to Acquire Specialty Insurer James River
Jun 11 2007 // Global investment manager D. E. Shaw group has organized a Bermuda-based holding company to acquire James River Group, Inc. a North Carolina- based excess and surplus and workers’ compensation insurer, in a...
Does Reform Matter? Look at Texas
Jun 11 2007 // Do policy changes like deregulation and tort reform really matter? Some people wonder because the costs of over regulation or a legal system run amok are largely hidden. They are no less real than the costs of taxation, of...
