Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
S.D. Arsonist to Pay $76,000 Back to Insurance Company
Jul 9 2007 // A South Dakota judge has ordered a man who set fire to a Rapid City home last fall to pay thousands of dollars in restitution to an insurance company. Dustin Bomford, 19, pleaded guilty to second-degree arson and was given...
Insurer Group Refutes Fla. Gov. Crist’s Claim of ‘Broken Promises’
Jul 6 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 and help restore the state’s private property...
Fla. CFO Cuts State’s Workers Comp Charge to Insurers
Jul 5 2007 // Florida Chief Financial Officer Alex Sink ordered a 50 percent cut in the 2008 Workers’ Compensation Administration Trust Fund assessment rate. The reduction is projected to result in as much as $19 million in...
FindMyBestAgent.com Redesigned to Provide Enhanced, Organized List of Insurance Companies and Agents
Jul 5 2007 // What began as a simple online directory has been redesigned into a comprehensive, feature-rich information powerhouse. FindMyBestAgent.com, under new ownership by an insurance industry insider, has just re-launched to...
Insurer Group Asks La. Gov. to Veto Hike in Minimum Insurance Limits
Jul 5 2007 // The Property Casualty Insurers Association of America (PCI) announced it has requested that Louisiana Gov. Kathleen Blanco veto SB 233, which the insurer group says would dramatically raise the state’s minimum...
Nevada Consumers Puzzle over Using Credit History to Set Rates
Jul 5 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...
Insurer Reported to Pay $20 Million to Settle Bad Faith Claim in Pa.
Jul 2 2007 // An insurer has agreed to pay $20 million in what is believed to be the state’s richest settlement of a bad faith claim. According to the plaintiff’s attorney, Robert Mongeluzzi of Saltz Mongeluzzi Barrett...
Insurer Group: La. Legislature Acts to Revive Marketplace
Jul 2 2007 // The Louisiana Legislature adjourned last week after sending to the governor a series of bills including one that abolishes the state’s insurane rating board. The enactment of HB 960, which abolishes the Louisiana...
Lawsuit claims insurer denied firefighter’s benefits, caused death
Jul 2 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 eventually led to his...
Focus key to surviving insurance industry challenges
Jul 2 2007 // The “big problems” facing insurance agents and brokers today are human resources; government intervention; sustaining agency revenue growth/profit; maintaining a consistent company strategy and tactics; and...
Maximize your value by asking the right questions
Jul 2 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...
BOP evolution warrants a second look
Jul 2 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...
Industry Challenges
Jul 2 2007 // It’s great to have peripheral ways of generating business and revenue, but stay focused on your core. Focus key to surviving insurance industry challenges The “big problems” facing insurance agents and...
BOP evolution warrants a second look
Jul 2 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...
Maximize your value by asking the right questions
Jul 2 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...
P/C insurers invest $320 billion in public projects
Jul 2 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,...
Coverage interpretation and claims litigation at odds
Jul 2 2007 // But overall, construction market looks ‘optimistic,’ Willis exec says Today’s construction underwriters and their claim departments may not be following the same blueprint on issues of coverage...
Contracts count when dealing with subcontractors
Jul 2 2007 // Language, legislative knowledge, and right insurance partner keys to wrapping up volatile market One of the many challenges general contractors — both commercial and residential — have faced over the past five...
News Currents
Jul 2 2007 // Gov. Riley halts hike in Alabama auto liability limits Alabama Gov. Bob Riley decided to veto legislation that would have raised the minimum liability insurance limits that motorists must buy because he was concerned the...
Fla. regulators again irk insurers over credit rule
Jul 2 2007 // Property/casualty insurers are complaining 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...
