Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurers oppose Nevada bill that would open court records
Jun 4 2007 // Judges and an insurance trade association stated that they’re opposed to a bill that would restrict Nevada judges’ ability to seal court records, raising questions about its lack of privacy protections. Chief...
News Currents
Jun 4 2007 // Washington Insurance Fair Conduct Act becomes law 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...
From Cuba to Capitol Hill
Jun 4 2007 // Alex Soto, president of the large InSource agency in Miami, and president of the Independent Insurance Agents & Brokers of America, is not afraid to speak his mind or criticize his own industry. He’s familiar...
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...
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 // New York Gov. Eliot Spitzer and Insurance Superintendent Eric R. Dinallo announced that they have negotiated a $2 billion settlement between Silverstein Properties and seven insurance companies covering all outstanding...
Gallagher leader says carriers’ and brokers’ service to risk managers today ‘stinks’
Jun 4 2007 // When it comes to the service carriers and brokers provide to today’s risk managers, the quality of that service “stinks,” according to J. Patrick Gallagher Jr., chairman, president and CEO of broker...
Minimizing risks for global catastrophes
Jun 4 2007 // Managing catastrophe risk is one of the biggest challenges facing any company’s risk manager. For multinational companies, the challenge of managing catastrophe risk is especially daunting. In the United States, risk...
S.C. Senate Follows House in Approving Coastal Insurance Bill
Jun 1 2007 // The South Carolina Senate has approved omnibus legislation that backers hope will ease the insurance cost and availability crunch facing coastal property owners in the state by providing discounts and tax breaks. The...
Feds See No Antitrust Reason to Block Pa. Health Insurers’ Merger
Jun 1 2007 // Federal antitrust regulators this week approved a merger between Pennsylvania’s two largest health insurers. The Federal Trade Commission gave the green light to the marriage between Highmark Inc. of Pittsburgh and...
Pa. Gov. Urges Thorough State Review of Health Insurer Merger
Jun 1 2007 // Pennsylvania Governor Edward G. Rendell has renewed his call for a change in law to permit an in-depth state review of the proposed merger of Independence Blue Cross and Highmark Inc., Pennsylvania’s two largest...
S&P Warns EU Insurers Not to Ignore Solvency II
May 31 2007 // Standard & Poor’s Ratings Services has issued a report – “Beware Solvency II: As The 2010 Implementation Date Looms Closer, European Insurers Should Ignore It At Their Peril” -, warning the...
R.I. House Members Unveil Bills Curbing Insurers’ Coastal Practices
May 31 2007 // The leaders of a special Rhode Island House commission studying the effects of natural disasters on property insurance costs have introduced legislation they say is aimed at protecting coastal homeowners from...
Calif. Commissioner Unveils Workers’ Comp Reform Package
May 30 2007 // California Insurance Commissioner Steve Poizner has unveiled a series of reforms to address what he says are systemic and structural deficiencies in the state’s workers’ compensation system. He also recommended...
Wis. Wausau Survey Reveals Trends in Lines of Commercial Insurance
May 30 2007 // Spurrred by advice from their agent or broker, commercial insurance buyers show increasing interest in buying more than one line of coverage from a carrier, according to a new survey commissioned by Wis.-based Wausau...
Risk Managers Take Strong Stand Against Contingent Commissions
May 30 2007 // The largest association of commercial insurance buyers has stepped-up its opposition to the acceptance of contingent compensation by any agent or broker, calling such compensation “an inherent conflict of...
Ark. Warns Consumers of Organization Posing as Insurer
May 30 2007 // Another state insurance department has issued a warning about a Tennessee entity posing as an insurance company. Days after National Foundation of America (NFOA) of Franklin, Tenn., was ordered to cease and desist from the...
Katrina Attorneys’ Election Ads Attack Miss. Commissioner Dale
May 30 2007 // Mississippi Insurance Commissioner George Dale’s toughest opponent this year may not be another candidate but a band of attorneys that has launched newspaper and television ads criticizing him. The Scruggs Katrina...
La. Officials’ Insurer Sponsored Trips may Have Broken Law
May 30 2007 // Hunting and fishing trips taken by state officials and paid for by the state-run insurer of last resort, may have broken the law, according to a legislative audit report made public May 28. The audit found that Louisiana...
S&P Sees Japan P/C Sector as ‘Stable’
May 30 2007 // Standard & Poor’s Ratings Services latest report on the Japanese non-life industry concludes that, despite large payouts the sector remains relatively stable. However, 2006 was not a particularly good year....
