Latest Carriers Headlines

All the headlines from our Carriers Topic Page, ordered by recency.

N.Y. Gov. Spitzer Announces Workers’ Comp Reform Accord

Feb 27 2007 // New York Governor Eliot Spitzer and legislative leaders announced an agreement to reform the state’s workers’ compensation system that has the backing of business and labor. Under the agreement, benefits for...

Maryland mulls how to keep property insurers on coast

Feb 26 2007 // Alarmed that homeowners on Maryland’s coasts may one day be cut off from home insurance, state lawmakers are mulling new rules prohibiting insurers from pulling out of areas they deem risky. But insurers met with...

Mass. auto assigned risk plan could be history before it even begins

Feb 26 2007 // Massachusetts insurance agents have urged the administration of Gov. Deval Patrick to scrap a proposed auto insurance assigned risk plan that the previous administration championed for four years. Former Insurance...

Don’t blame insurance agents for coastal mess

Feb 26 2007 // Over the past several months, a group of legislators from the Rhode Island House of Representatives has been meeting in an effort to understand and respond to the recent drastic — and, in some instances, draconian...

Delaware doctors form insurer

Feb 26 2007 // A group of Kent County, Delaware doctors has decided to form a risk retention group to provide malpractice coverage. According to Insurance Commissioner Matthew Denn, the group is tapping the state’s Medical...

A look behind the very good P/C results for 2006

Feb 26 2007 // The numbers, or estimates, for the property casualty insurance industry for 2006 are in. Dr Robert Hartwig, president and chief economist of the Insurance Information Institute, discussed them with Insurance...

Report: Customer satisfaction doesn’t guarantee loyalty

Feb 26 2007 // The insurance industry needs to improve its customer retention strategies, because a satisfied customer isn’t always a loyal one, according to the World Insurance Report, an international study of more than 10,000...

A look behind the very good P/C results for 2006

Feb 26 2007 // The numbers, or estimates, for the property casualty insurance industry for 2006 are in, and Dr. Robert Hartwig, president and chief economist of the Insurance Information Institute, discussed them with Insurance...

Katrina lawsuits: Are the winds of fortune changing for insurers?

Feb 26 2007 // In the immediate aftermath of Hurricane Katrina when it became apparent that property losses would total billions of dollars, the insurance industry was understandably concerned that courts in Mississippi and Louisiana...

Reaping the wind will be the responsibility of insurers

Feb 26 2007 // There seem to be many questions on the minds of consumers, agents and public policy makers about coastal insurance issues presently and in the future. As an industry, we have been forthright about insurance issues facing...

Insurers defend use of education, job criteria in rating in Florida

Feb 26 2007 // Insurers are defending the factors they use in pricing auto insurance, including the occupation and education levels of insureds, arguing that the criteria have been actuarially tested for their ability to predict...

Why a regional carrier might be an agent’s best friend

Feb 26 2007 // The old saying “all politics is local” is born of the realization that the things that most directly affect us are local issues. In that respect, one could say that insurance is a local business. Risk...

It Figures

Feb 26 2007 // $520,000 The amount Citizens Property Insurance Corp. paid out in claims payments to policyholders affected by the Feb. 2 tornadoes in the first few days, according to the company. Tim Loftin, senior vice president of...

Insurers halt move to block Fla. emergency rule

Feb 26 2007 // Insurance companies dropped a court challenge to a new Florida rule preventing them from immediately canceling some homeowners policies or raising rates. The rule, which took effect Jan. 31, is a stopgap until a new law...

Utah’s captive industry grows; number of insurers rose 114.3% in 2006

Feb 26 2007 // The Utah Insurance Department has announced a 114.3 percent increase in the number of licensed captive insurers in 2006. As of Dec. 31, 2006, assets of Utah captive insurance companies totaled approximately $41.4 million,...

Insurance company run-off management strategies face obstacles

Feb 26 2007 // The U.S. insurance industry should be paying greater attention to the run-off market, according to a study published by PricewaterhouseCoopers’ (PwC) Insurance Restructuring Group. The “US Discontinued...

A look behind the very good property/casualty results for 2006

Feb 26 2007 // The numbers, or estimates, for the property/ casualty insurance industry for 2006 are in. Dr. Robert Hartwig, president and chief economist of the Insurance Information Institute, sat down with Insurance Journal’s...

Should D&O insurers have a loss prevention role?

Feb 26 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...

CaseLaw Watch

Feb 26 2007 // Attorneys Fees State Farm Mutual Automobile Insurance Co. v. Lestenkof (Alaska, Sept. 29, 2006) Ruling: In this case, the court considered whether an auto insurer must pay unlimited (Alaska Civil Rule 82) attorney’s...

Agents welcome windstorm debate; insurers warn against subsidies

Feb 26 2007 // The Independent Insurance Agents and Brokers of America (the Big “I”) says the debate over windstorm coverage is crucial for consumers and independent agents and brokers in many regions around the...