Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
News Currents
Nov 19 2006 // Calif. associations take issue with broker definition, OAL to weigh in The California Office of Administrative Law (OAL) has decided to accept a petition filed by Insurance Brokers and Agents of the West (IBA West)...
Commercial lines prices up 7%; carriers reap benefits of higher renewals
Nov 19 2006 // Stock Prices: Commercial lines stock prices were up 7 percent through the first nine months of 2006. In October, insurers reported dramatic changes from 2005 third quarter earnings that were dominated by catastrophe losses...
The Locomotive That Drive the Insurance Train
Nov 19 2006 // The insurance industry’s excess and surplus lines (E&S) sector has experienced a pronounced reversal of position in the last 20 years. Once considered a mere adjunct, a safety valve for risks that were too hard...
Indiana Insurance Named ‘Insurer of the Year’ by Independent Agents
Nov 17 2006 // Loveland, Ohio-based Indiana Insurance, a member of Liberty Mutual Group, has been named the 2006 Indiana Insurance Company of the Year by the Independent Insurance Agents of Indiana (IIAI). The recognition came during the...
Texas Court of Appeals: Insurers Must Defend Samsung in EMF Suits
Nov 17 2006 // The law firm of Anderson Kill & Olick P.C., reported that the Texas Court of Appeals has ruled that Samsung Electronics America is entitled to defense coverage for class action lawsuits based upon the alleged harm...
Conn. Agents Told to Brace for Bill to Ban Contingent Pay
Nov 17 2006 // Connecticut Insurance Commissioner Susan Cogswell has warned independent agents in her state that they should expect to see legislation to restrict or wipe out their contingent commissions. She said that legislation should...
Flooding in Northwest Leaves Car Buyers Vulnerable, Insurer Says
Nov 16 2006 // As Western Washington residents brace for another spate of storm-induced flooding, one of Washington’s auto insurers warns of another form of saturation that could cost consumers – a wave of used cars on the...
3 Chinese Insurers Implement NeoMedia’s Mobile Technology
Nov 16 2006 // Florida-based NeoMedia Technologies, Inc. announced that three major insurance companies in China have signed agreements to use its patented direct-to-mobile-web qode® technology. Alltrust Insurance Company of China Ltd.,...
Gov. Blanco Wants Overhaul for Louisiana’s ‘Last Resort’ Insurer
Nov 16 2006 // Louisiana’s Legislature needs to overhaul the Louisiana Citizens Property Insurance Corp., created by the state as an “insurer of last resort,” because of problems created by last year’s hurricanes,...
Insurance Company Wants Alternative Entergy New Orleans Plan
Nov 16 2006 // An insurance company backing some of Entergy New Orleans Inc.’s bonds will propose a reorganization plan that, unlike the company’s plan, will not depend upon the utility getting a $200 million government...
Health Insurers Offer $300 Billion Plan for Covering Uninsured
Nov 15 2006 // Health insurance companies proposed a national $300 billion plan this week aimed at getting coverage for all uninsured children in three years and for most adults within 10. The plan includes tax breaks for the working...
N.C.’s Jones, Duplin Counties Face Deadline for Ernesto Claims
Nov 15 2006 // The deadline for seeking mediation for disputed insurance claims arising from Tropical Storm Ernesto is fast approaching for residential property owners in Jones and Duplin Counties. Residents with disputed property...
Verizon Wireless, Insurers Fined for Violations in Washington
Nov 15 2006 // Washington Insurance Commissioner Mike Kreidler has fined Verizon Wireless Services LLC of Bedminster, N.J., $25,000 for failing to sell service contracts under its legal corporate name, a violation of state insurance...
Medical Malpractice Market in W. Va. Improves
Nov 15 2006 // Medical malpractice insurance in West Virginia, once a money-losing business, has become a profit machine for insurers as the number of lawsuits filed against doctors has declined, a report by the state Insurance...
S.D. Announces New Online Enhancements for Insurers, Agents
Nov 15 2006 // Insurance carriers, agencies, and producers will be able to connect with the South Dakota Department of Revenue and Regulation, Division of Insurance 24 hours a day, thanks to an agreement signed recently with a national...
N.Y. City Loses Quick Bid to Block Health Insurers’ Merger
Nov 15 2006 // A judge on Tuesday refused a request by New York City officials to immediately stop the merger of two nonprofit insurance companies that provide coverage to city workers because it violates antitrust laws. U.S. District...
Fla. Weighs Special Session to Take Up Property Insurance Ideas
Nov 15 2006 // Insurers would be able to buy more reinsurance from the state’s hurricane catastrophe fund and homeowners would be able to buy lower cost policies offering less than complete coverage if recommendations from a...
Ohio Pain Management Specialist Scams Insurers for $60 Million
Nov 15 2006 // Patients often came to Dr. Jorge Martinez screaming in agony from chronic pain. The Ohio pain-management specialist was their last hope. He exploited their misery to shake down insurers for an incredible $60 million in...
ISO Chief: It’s ‘Haves’ Vs. ‘Have-Nots’ in Insurance Technology Race for Survival
Nov 14 2006 // Spurred by intensifying competition, breakthroughs in analytics are transforming insurance markets, according to an industry leader. Sophisticated insurers able to harness large volumes of high-quality data to drive...
Individual Health Policies Cost Insurers Less Than Group
Nov 13 2006 // Health insurers spend less on patients with individual policies than those with employer-sponsored plans, according to a new study released Friday. Patients with individual policies also have higher out-of-pocket expenses...
