Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
News Currents
Jul 2 2007 // Mississippi poses PR challenge for State Farm and industry It’s the latest version of the Hatfields versus the McCoys but with billions of dollars and an insurer’s, if not an industry’s, reputation at...
Business Owners Policies
Jul 2 2007 // submission by carriers. BOP evolution warrants a second look 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...
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...
News Currents
Jul 2 2007 // Lawsuit claims insurer denied firefighter’s benefits, caused death The family of a Puyallup, Wash., firefighter has filed a lawsuit claiming the city of Puyallup and its insurer illegally denied health benefits after...
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...
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,...
Getting to ‘yes’ with underwriters on design liability accounts
Jul 2 2007 // The most important thing a broker can do to advance an underwriting deal for an architects and engineers professional liability account is to understand how insurers vary in their rating. Insurers do not all approach...
More small businesses think big
Jul 2 2007 // The federal Small Business Act defines a small business as one that is “independently owned and operated, not dominant in its field, and whose size falls within the size standards established by the Small Business...
Contracts count when dealing with subcontractors
Jul 2 2007 // One of the many challenges general contractors — both commercial and residential — have faced over the past five years involves subcontractor insurance. The subcontractor marketplace has always been volatile....
Coverage interpretation and claims litigation at odds
Jul 2 2007 // Today’s construction underwriters and their claim departments may not be following the same blueprint on issues of coverage interpretation for losses involving general liability and property damage claims, says Paul...
Insurers: Fla.Consumers Will Benefit at Demise of No-Fault Insurance
Jun 29 2007 // Consumers in Florida will soon see significant cost savings and a more consumer-friendly automobile insurance system when the state’s fraud ridden no-fault personal injury protection (PIP) law sunsets October 1,...
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...
