Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Fla. Gov. Crist Persuades Cabinet to Block Insurers’ Exit
Feb 1 2007 // In a forceful rebuke to insurance companies, Gov. Charlie Crist cajoled fellow Cabinet members into approving a rule Tuesday that will prevent property insurers from canceling Florida policies for much of the rest of this...
Fla. Emergency Rule Would Freeze Insurers’ Moves Until June
Jan 31 2007 // Florida Gov. Charlie Crist proposed an emergency rule Monday to guarantee insurers do not raise property insurance rates or cancel policies before a law he signed last week to lower rates goes into effect on June 1. Crist...
Mich. Court Decision Upholds Insurance Code, Insurer Group Says
Jan 31 2007 // The American Insurance Association (AIA) today praised a ruling by the U.S. Court of Appeals for the Sixth Circuit that it says validates and upholds Michigan’s insurance code by rejecting duplicative methods for...
RMS Finds Repeat of 1607 Floods Could Cost UK Insurers $25.5 Billion
Jan 30 2007 // Newark Calif.-based Risk Management Solutions has issued a study, which concludes that, a “repeat of the tide and wind-driven storm surge that caused the Bristol Channel floods of 1607 would result in the...
La.’s Blanco and Donelon Travel to Calif. for Outreach to Insurers
Jan 30 2007 // Louisiana Governor Kathleen Babineaux Blanco kicked off a three-day insurance outreach mission Jan. 29 in San Francisco, part of her continuing efforts to bring affordable insurance home to Louisiana, the governor’s...
Slip slidin’ away: The deterioration of the late notice defense
Jan 29 2007 // Through a series of opinions, courts seem to be gradually chipping away at insurer’s policy defenses based on late notice of claim or suit, or failure to forward suit papers. The new trend started when the Supreme...
Case Law Watch
Jan 29 2007 // Additional Insureds Alpha Holdings Ltd. v. Travelers Indemnity (California Court of Appeals, Second District, July 13, 2006) Ruling: This case involved a declaratory judgment action on insurance coverage under a...
It Figures
Jan 29 2007 // 200,000 Missouri Gov. Matt Blunt issued executive orders declaring a state of emergency and activating the Missouri National Guard in response to the winter ice storm in mid-January. Blunt also put the Disaster Medical...
Study: 20% of customers consider switching insurers after collision
Jan 29 2007 // Nearly one out of every five customers considers switching insurance companies after a collision claim, according to a new the J.D. Power study. “Filing an insurance claim is a critical moment of truth that shapes a...
There’s a lot insurers do not like in Florida’s property insurance fix
Jan 29 2007 // Legislators rolled up their sleeves, ripped off their ties and unbuttoned their collars as a special legislative session on property insurance came to a head in Florida. After six days of conferring, negotiating and...
R&M Reports on Australian Insurers
Jan 29 2007 // Dublin-based Research and Markets announced the addition of Australian Insurance Industry: An Analysis to their offering. “This report is a detailed study about the Australian insurance industry and its various...
Fla. Homeowner Rates may now Edge Texas, Insurer Group Says
Jan 29 2007 // Texas may no longer have the highest homeowner insurance rates in the country, according to the Insurance Council of Texas. For the second year in a row, both homeowners and automobile insurance premiums in Texas have...
Southern surprise?
Jan 29 2007 // There was an important court ruling in Mississippi earlier this month that had the whole industry, not just Mississippians, watching closely. The insurance industry, or at least State Farm, was surprised when the insurer...
Windstorm expected to be major insurance issue for Texas lawmakers
Jan 29 2007 // Funding for the Texas Windstorm Insurance Asso-ciation (TWIA) may not be the only insurance issue on lawmakers’ plates during the 2007 session of the Texas Legislature, but it will likely be the most high profile...
Largest Ill. medical malpractice insurer lifts moratorium on new business
Jan 29 2007 // The largest medical malpractice insurer in Illinois plans to lift a four-year-old moratorium on new business, citing an improved economic and legal climate. ISMIE Mutual Insurance Co., which provides malpractice coverage...
Case Law Watch
Jan 29 2007 // Bad Faith (Mo. App. Jan. 4, 2007) Ruling: Attorneys fees were awarded under Missouri’s “Vexatious Refusal to Pay” statute. Insured brought suit against insurer for denial of homeowners coverage. In...
Commercial insurers’ stocks reflect 4th quarter profits, calm storm season
Jan 29 2007 // Stock Prices: Commercial insurers breathed a sigh of relief in the fourth quarter as the 2006 hurricane season officially ended with only minor losses, a dramatic contrast from a year ago. Insurers’ stock prices...
Coping with catastrophe
Jan 29 2007 // Ten things agents and brokers can do to help clients obtain adequate cat coverage When it comes to property catastrophe insurance coverage, many commercial clients are being forced to swallow a bitter pill in the form of...
Calif. reaches resolution with insurers over legal fees
Jan 29 2007 // The California Department of Insurance has reached a resolution of its obligation to pay attorneys’ fees to two of the insurance companies that challenged the constitutionality of the landmark Holocaust Victims...
Report: Customer satisfaction doesn’t guarantee loyalty
Jan 29 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...
