Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Nevada consumers puzzle over using credit history
Jul 23 2007 // As Ed Rathje sees it, his first foray into the Nevada Legislature as a citizen-activist ended in “total defeat” earlier this month when a bill he was pushing to limit the insurance industry’s use of...
Commercial lines insurers’ stocks up; M&A activity steady in 2nd quarter
Jul 23 2007 // Stock Prices: Commercial insurers’ stocks were up an impressive 8 percent for the second quarter of 2007. Much of the increase can be attributed to the high premium which was paid for Ohio Casualty Corp....
Premium Growth: Top 25 P/C premium gainers for first quarter 2007
Jul 23 2007 // I am certain that Erik Erikson, Stella Chess and Jane Whitbread were not thinking of the insurance industry when they wrote this but they could have been. The 25 property/casualty insurers with the largest increase in...
Industry supports terror bill but not all agree with NBCR mandate
Jul 23 2007 // At a congressional hearing in Washington, D.C. last month, insurance industry group representatives generally spoke in favor of a bill that would extend the federal backstop for terrorism insurance coverage for another 10...
News Currents
Jul 23 2007 // P/C industry net income, overall profitability slips 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...
A recipe for independent agency-carrier relationship success
Jul 23 2007 // Agency-company relationships are a softer issue in business today, and not something independent agencies think about all the time, according to Frank Kortarba, president and CEO of Golden Eagle Insurance in San Diego....
Congress gets serious about surplus lines insurance reform
Jul 23 2007 // Insurance regulatory reform efforts on Capitol Hill took a giant leap forward with the recent House passage of HR 1065, the Non-Admitted and Reinsurance Reform Act of 2007. Sponsored by Rep. Dennis Moore, D-Kan., and Rep....
Neb. Insurer Donating $80K in Ark. in Name of Agencies, Small Business
Jul 20 2007 // Omaha, Neb.-based workers’ compensation insurer, FirstComp, is celebrating 10 years of business in Arkansas with some big checks and big thanks to independent agencies and policyholders, the company...
FTC Finds Use of Credit Helps Consumers, Insurer Group Says
Jul 20 2007 // The Federal Trade Commission’s (FTC) study of automobile insurers’ use of credit has reaffirmed the strong connection between credit information and the risk of loss and has determined that its use helps to...
Insurance Companies Drop Hawaii Auto Premiums
Jul 19 2007 // Hawaii auto insurance companies are dropping their Hawaii rates as local traffic accidents and claims fall. Insurance Commissioner J.P. Schmidt said the state has approved rate reductions for four major carriers in Hawaii...
Insurers Say Mich. Motorists Should Have Choice in Medical Coverage
Jul 19 2007 // The insurance industry in Michigan released a study on Tuesday, July 17th that predicts motorists could save up to 16 percent on their auto premium if they were allowed to select capped health benefits for accident...
Ill. Governor Uses Executive Authority to Limit What Insurers Can Charge
Jul 17 2007 // Ill. Gov. Rod Blagojevich used his executive authority last week to make a rule that prevents insurance companies from considering someone’s health when deciding what premium to charge when renewing an individual...
Fla. CFO Paints Scenario of Post No-Fault Auto Insurance
Jul 17 2007 // After several weeks of analysis, Chief Financial Officer Alex Sink sent Gov. Charlie Crist, Senate President Ken Pruitt, House Speaker Marco Rubio and other legislative leaders a letter outlining potential implications of...
Insurer Seeks Repayment from Parents of Vt. Teen Who Took Hostage
Jul 16 2007 // An insurance company that paid workers’ compensation to a bank employee traumatized in a Thetford, Vermont hostage-taking incident is seeking to recover the money from the family of the teenager charged in the...
Mass. To Test Drive Competitive Rating for Auto Insurance for First Time in 30 Years
Jul 16 2007 // The last time — January, 1977 — Massachusetts tried to introduce competitive rating into private passenger auto insurance, a Democrat, Michael Dukakis, was governor. The experiment lasted about seven months before...
Ark. Reminds Insurers not to Penalize Armed Services Personnel
Jul 13 2007 // The Arkansas Insurance Department issued a directive to property and casualty carriers issuing policies containing “occupancy” requirements in their underwriting standards that could adversely impact insurance...
Fla. Insurer Group Places New Chairman
Jul 12 2007 // The Florida Insurance Council installed George Grawe, Regional Counsel for Allstate Insurance Company and the Allstate Floridian Insurance Companies, St. Petersburg, as 2007/2008 Chairman of its Executive Committee and...
Born in Crisis, Insurer for Mutual Insurers, Agents Marks 20th Year
Jul 12 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...
Insurance Group Urges Defeat of Wis. Auto Repair Shop Legislation
Jul 11 2007 // The American Insurance Association (AIA) today urged Wisconsin legislators to reject two bills that would make it illegal for insurers to provide their customers valuable information after a car accident. “These...
U.S. P/C Insurers’ Paid $2.1 Billion for 2d Quarter Catastrophes
Jul 10 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 for...
