Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Feb. 12 is ‘Super’ Monday: Super Regional P/C Insurers™ to be Unveiled
Jan 23 2007 // As excitement over the Super Bowl builds, property casualty insurance professionals are anticipating their own “super” day: Monday, February 12. That’s the date when Insurance Journal magazine, in...
Fla. Lawmakers Agree on Insurance Relief Plan; Bill Sent to Gov. Crist
Jan 23 2007 // Florida homeowners could see property insurance rates cut by as much as 40 percent under a plan finalized by lawmakers hoping to reverse hurricane-fueled increases many residents say have threatened to price them out of...
Insurer Group Applauds Report’s Call for Optional Federal Charter
Jan 23 2007 // The American Insurance Association (AIA) has issued a statement lauding a report released by New York City Mayor Michael Bloomberg and U.S. Sen. Charles Schumer, D-N.Y., which calls for making modernizing financial...
Florida Lawmakers Near Agreement; Vote Expected Today on Insurance Plan
Jan 22 2007 // Florida lawmakers tentatively agreed Saturday on a comprehensive proposal aimed at lowering Floridians’ skyrocketing property insurance rates, saying they’d finalize the plan with a vote on the package on...
Conn. AG Files Bill to Block Insurers from Requiring Storm Shutters
Jan 22 2007 // Connecticut Attorney General Richard Blumenthal has submitted draft legislation to the General Assembly that would prohibit insurers from requiring that consumers install hurricane shutters as a condition of insurance. The...
Fla. House and Senate Expected to Meet Through Weekend to Merge Bills
Jan 19 2007 // Laboring to comply with Gov. Charlie Crist’s call for lowering Florida insurance costs by at least 25 percent during a quick, seven-day special session, both the House and Senate have passed bills promising to do...
Insurer Trade Group Launches Global Warming Web Site
Jan 18 2007 // The National Association of Mutual Insurance Companies (NAMIC) has unveiled a new website, www.climateandinsurance.org , to help address the increasing concerns about climate change and its impact on the property/casualty...
Supreme Court Hears Insurers On Credit Notification Practices
Jan 18 2007 // Two large insurers have defended their decision not to tell customers about their less-than-perfect credit, as the Supreme Court debated the legal standard for finding the companies liable under federal law. During an hour...
Allianz Plans Buy Out of AGF Minority Shares; German Life Minorities
Jan 18 2007 // Germany’s Allianz SE, Europe’s largest insurer in terms of gross premiums written, is set to get even bigger. The Munich-based Company announced plans to acquire the remaining 42.4 percent of the shares in...
Fla. Day 2: Senate Passes 25% Rate Cut; Citizens Would Enter Commercial
Jan 18 2007 // Two days into a special legislative session, after debating 20 amendments, the Florida Senate voted to pass Senate Bill 4-A, a measure which promises an average 25 percent premium cut to homeowners and lets Citizens...
Conn. AG Urges Release of Audit on Health Insurers’ Coverage Denials
Jan 18 2007 // Connecticut Attorney General Richard Blumenthal said his office has received several reports of health insurance companies denying coverage based on questionable conclusions that patients’ medical conditions...
Delaware Moves Swiftly to Enact Major Workers’ Comp Reform
Jan 18 2007 // The Delaware Senate and House moved swiftly in the past week to pass a bill containing major reforms of the state’s workers’ compensation system and Gov. Ruth Ann Miller immediately signed the reforms into...
FSA Warns Insurers on Misleading Advertising
Jan 17 2007 // The UK’s Financial Services Authority (FSA) has issued a warning to insurance firms to stop using savings claims which could mislead consumers in their advertising or face regulatory action. The FSA said the...
Insurer to Investigate Vermont Diocese’s Handling of Priest Sex Abuse
Jan 17 2007 // An insurance company for the Roman Catholic Diocese of Burlington wants to investigate the church’s conduct in 27 cases of alleged child sex abuse by a former priest before paying the costs of litigation associated...
Largest Ill. Medical Malpractice Insurer Lifts Moratorium on New Business
Jan 17 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...
Rep. Thompson: Miss. Katrina Ruling Will Prompt Probe of Insurers
Jan 15 2007 // A federal judge’s ruling in favor of a Biloxi couple in a Hurricane Katrina insurance lawsuit will prompt a congressional investigation into insurance companies’ denial of claims, Rep. Bennie Thompson, D-Miss.,...
Fla. Lawmakers Face Balancing Act in This Week’s Insurance Session
Jan 15 2007 // Florida lawmakers wish they could simply outlaw hurricanes. That would solve the state’s insurance crisis. Unfortunately, changing the weather seems easier than what legislators have on their hands. As they return to...
After Record 2006, P/C Insurers See Promising 2007 Ahead
Jan 15 2007 // Property/casualty insurers should be able to build on the momentum of 2006 to deliver another profitable year in 2007 if they maintain discipline on price, a group of industry observers told insurance executives attending...
D&O Insurers Not Worried About Stock Options Backdating Probes…Yet
Jan 12 2007 // The insurance industry does not think the emerging scandal over backdating of stock options will reach a point where it will pose a major claims problem for insurers of directors and officers. “If it were a problem,...
Mass. Diocese Ordered to Release Sex Abuse Documents to Insurers
Jan 12 2007 // A judge has ordered the Roman Catholic Diocese of Springfield, Mass. to release thousands of pages of documents in a dispute between the church and seven of its insurance carriers over settlements with clergy sex abuse...
