Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Should D&O insurers have a loss prevention role?
Mar 12 2007 // Why don’t directors and officers insurers insist on corporate governance reform from their insureds as a precondition of coverage, the way property and workers’ compensation insurers condition their coverage on...
News Currents
Mar 12 2007 // Insurers lose steam in auto rate reg fight A California Superior Court judge has thrown out a lawsuit that challenged rules requiring auto insurers to base their rates primarily on drivers’ records instead of where...
What lies ahead for agency compensation?
Mar 12 2007 // Incentive pay plans for agents that some insurers are implementing to replace discontinued contingency compensation could work out better for agents than the programs they are replacing. A handful of major carriers banned...
Insurance Company Sues Contractor Behind Botched I-84 project in Conn.
Mar 8 2007 // The insurance company that guaranteed a contractor’s work on the apparently botched widening of Interstate 84 in the Waterbury area is suing, claiming company officials siphoned off millions of dollars for personal...
Maine Insurance Company not Liable in Avon Mountain Crash
Mar 8 2007 // A federal judge has ruled that the insurance company for a Bloomfield trucking company involved in a fiery fatal crash on Avon Mountain does not have to pay victims and families of those killed. The ruling involves...
New Insurer Caters PUREly to Florida High Net Worth Clientele
Mar 7 2007 // Florida’s wealthy and privileged residents have a new personal lines insurer promising to save them money on premiums for their homes, cars and belongings. The company will sell property/casualty insurance for high...
AutoMart Signs up Chinese Insurers
Mar 6 2007 // AutoMart-China, a 95 percent owned subsidiary of Florida-based Deep Field Technologies, has become the “largest independent auto aftermarket company in Beijing,” according to a Company bulletin. The Company has...
Insurers Warn N.J. Not to Restrict Use of Education, Job Status in Rating
Mar 6 2007 // New Jersey drivers could see a return to high prices and fewer choices for their insurance if legislators limit the use occupation and education as rating factors, insurers warned lawmakers at a legislative hearing this...
TDI Orders Nearly $900K in Fines, Restitution in January Actions
Mar 6 2007 // The Texas Department of Insurance announced enforcement actions taken by Commissioner Mike Geeslin that became final during January. The actions include nine license revocations, two license denials and fines and...
Insurer Settles Suit in Pittsburgh Convention Center Death
Mar 5 2007 // An insurer has settled a lawsuit over the death of an ironworker during construction of the David L. Lawrence Convention Center in Pittsburgh. The city-county Sports & Exhibition Authority had a policy with National...
Zurich’s Farmers Group to Buy U.S. Auto Insurer Bristol West
Mar 5 2007 // Swiss insurer Zurich Financial Services AG said Friday that an American subsidiary intends to buy Bristol West Holdings Inc. for around $712 million, helping to beef up the Swiss insurer’s U.S. operations. Bristol...
Unitrin Acquiring Personal Lines Insurer Merastar for $45 Million
Mar 5 2007 // Unitrin, Inc. reports that its subsidiary, Trinity Universal Insurance Co., is buying Merastar Insurance Co. certain of its affiliates in a cash transaction valued at approximately $45 million. Merastar Insurance is based...
In Manhattan: Agents, Insurers Renew Call for Federal Terrorism Insurance
Mar 5 2007 // In the heart of the world’s financial markets, insurance agents and companies today urged Congress to protect the country’s economic stability by ensuring availability of terrorism risk insurance through a...
Rare Violin Recovered by Police to be Auctioned by Insurer
Mar 5 2007 // A violinist whose missing instrument valued at about $50,000 was recovered by police says it will be auctioned. Meanwhile, police continue to investigate how the instrument ended up in the hands of a Billings, Mont., man...
Fla. Home Premiums Could Fall 10%-50% Under New Reinsurance Law
Mar 5 2007 // Florida homeowners could see average property insurance savings ranging from around 10 percent in the Panhandle to more than half the cost of their policy in South Florida because of a new law, state insurance officials...
Mass. Health Insurers Agree to Offer $175 a Month Plan Under New Law
Mar 5 2007 // The average uninsured Massachusetts residents could obtain health care coverage for as little as $175 a month under the state’s insurance law, Gov. Deval Patrick announced as he released the results of negotiations...
American Meridian Insurance Company in Receivership
Mar 1 2007 // The State of Texas has placed American Meridian Insurance Company into permanent receivership and ordered its liquidation. American Meridian is organized under the laws of Bermuda where it is a company in good standing. It...
Federal Appeals Court Rules Against Insurer in Ark. Financier’s Death
Mar 1 2007 // A federal appeals court rejected an insurance company’s claim that it shouldn’t have to pay accidental-death benefits for the 2002 death of a Little Rock financier at the center of a Securities Department...
Mass. Workers’ Comp Insurers File for 13.4% Rate Drop
Mar 1 2007 // The Workers’ Compensation Rating and Inspection Bureau of Massachusetts (WCRIB) today submitted to the state Division of Insurance a proposed average rate decrease of 13.4 percent for workers’ compensation...
Ohio Ward Group Conducts Study of Insurance Company Benefits
Feb 27 2007 // Cincinnati-based Ward Group, a provider of benchmarking and best practices consulting services, is conducting an in-depth study of employee benefits at insurance companies. The study will provide extensive information...
