Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Calif. Assembly Passes New Rate Requirements for Health Insurers
Jun 8 2007 // The California Assembly has approved a bill requiring insurance companies to get approval by the Department of Managed Health Care or the Department of Insurance before they can increase the amount of their premiums,...
S&P to Review ‘Hybrid Equity’ Covenants of Top Bermuda Insurers
Jun 8 2007 // Standard & Poor’s Ratings Services announced that it is “undertaking a review of the preference stock and other hybrid equity issues of the following seven insurers and reinsurers: ACE Ltd....
Best Places Two Kingsway Subs ‘Under Review/Negative’- Company Analysis
Jun 8 2007 // A.M. Best Co. has placed the financial strength rating (FSR) of “A-” (Excellent) and the issuer credit ratings (ICR) of “a-” of Penn.-based Lincoln General Insurance Company and Barbados-based...
Fast-Growing, State-Run Property Insurers Pose Risk for Taxpayers
Jun 8 2007 // Exponential growth of state-run property insurers of last resort ultimately may shift much of the long-term risk of hurricane-related losses to policyholders and taxpayers, even those who live nowhere near the coast,...
Insurers Urge Regulators to Keep McCarran-Ferguson
Jun 6 2007 // Insurers recently asked state regulators to oppose a bill pending in Congress that would eliminate the exemption insurers currently receive from some federal antitrust laws. At the National Association of Insurance...
Sale of Washington-Based Unigard Insurers Approved
Jun 6 2007 // Washington’s Office of the Insurance Commissioner has approved the sale of three Bellevue, Wash.-based property and casualty insurance companies to an Austrailian holding company. Officials said Unigard Insurance...
Insurers Urge S.C. Legislature to Pass Coastal Insurance Reforms
Jun 6 2007 // The Property Casualty Insurers Association of America commends Gov. Mark Sanford and the South Carolina Legislature for advancing an agenda of reform aimed at strengthening the state’s coastal insurance market. Today...
Prosecutors Say New York Insurer Falsely Billed for Brain Surgeries
Jun 5 2007 // Four New Yorkers defrauded a health insurance company by making false claims for brain operations, sometimes for the same person on multiple occasions, authorities said. One 36-year-old Manhattan man even claimed nine...
Minn. Insurers Seek Ways to Keep Recent Grads Covered
Jun 5 2007 // More than 98,200 Minnesotans between the ages of 18 and 24 don’t have health insurance, partly because of a state law that says a child can be covered by parents’ insurance only until age 18, or until age 25 if...
Florida Welcomes Insurers to Anxious Market
Jun 5 2007 // Eight new insurers entered the property and casualty insurance marketplace in Florida since January 1, 2007 according to the Florida Office of Insurance Regulation The insurers represent a variety of insurance entities...
Supreme Court Rules on Insurers’ Credit Reporting Notification Cases
Jun 5 2007 // The Supreme Court sided with two insurance companies Monday in a case involving alleged violations of the Fair Credit Reporting Act. The law requires insurance companies and other businesses to notify customers who are...
Republic CEO: P/C mergers and acquisitions likely to ‘skyrocket’
Jun 4 2007 // The statutory surplus for property and casualty insurers is at a record $488 billion, according to the CEO of one Dallas-based regional carrier, and they are going to be looking for somewhere to put that cash to work....
From Cuba to Capitol Hill
Jun 4 2007 // Not your typical agent: Big “I” President and Miami independent agent Alex Soto in a one-on-one interview Alex Soto, president of the large InSource agency in Miami, and president of the Independent Insurance...
BOP evolution warrants a second look
Jun 4 2007 // Do you think of business owners policies (BOPs) as low-premium accounts that won’t make any money, are too labor intensive, or are more trouble than they’re worth? Don’t be so quick to judge. This line of...
From Cuba to Capitol Hill
Jun 4 2007 // Not your typical agent: Big “I” President and Miami independent agent Alex Soto in a one-on-one interview Alex Soto, president of the large InSource agency in Miami, and president of the Independent Insurance...
Insurers try to prevent losses in wildfire hotspots
Jun 4 2007 // Spooked by devastating wildfire seasons, the nation’s top insurers are inspecting homes in high-risk areas throughout the West and threatening to cancel coverage if owners don’t clear brush or take other...
Washington Insurance Fair Conduct Act becomes law
Jun 4 2007 // Insurance industry associations are criticizing Washington Gov. Chris Gregoire for signing into law the Insurance Fair Conduct Act, a measure they say will raise insurance costs. The law, which will take effect on July 22,...
New ‘Green’ captive insurer forms for eco-friendly businesses
Jun 4 2007 // Plans are in place for what its creators say will be the first captive insurance program designed exclusively for companies that are committed to sustainable business practices such as using renewable energy and producing...
At last, World Trade Center rebuilding ready to begin
Jun 4 2007 // N.Y. Gov. Spitzer brokers $2 billion settlement between Silverstein Properties and seven insurers New York Gov. Eliot Spitzer and Insurance Superintendent Eric R. Dinallo announced that they have negotiated a $2 billion...
Gallagher leader says carriers’ and brokers’ service to risk
Jun 4 2007 // Insurance CEOs tell risk managers improving service continues to be a top priority When it comes to the service carriers and brokers provide to today’s risk managers, the quality of that service “stinks,”...
