Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Santa Clara Man Sentenced In Bogus Insurance Company Scheme
Oct 11 2006 // Insurance Commissioner John Garamendi announced a Santa Clara man who operated an unlicensed automobile insurance company will serve five years formal probation and pay restitution to his victims. The charges resulted from...
Ala. Coastal Property Owners Facing More Insurer Restrictions
Oct 10 2006 // More insurance cutbacks for Alabama coastal properties — not only for buildings and homes near the beaches — are coming in the wake of 2004 and 2005 hurricanes. Two of the state’s largest insurance firms said...
N.Y. Commercial Realty Firm Forms Captive Insurer
Oct 10 2006 // SL Green Realty Corp., a major owner of commercial office properties in Manhattan, has formed Belmont Insurance Co., an insurance captive licensed in New York State. It was formed to insure a portion of SL Green’s...
Mich. Med Mal Insurer FinCor Acquires Washington Casualty
Oct 10 2006 // Lansing, Mich.-based FinCor Holdings, Inc., an integrated risk management corporation serving health care providers and facilities, today announced its acquisition of Issaquah, Wash.-based medical malpractice insurer,...
Sticking up for the little guys
Oct 9 2006 // Somewhat akin to Rodney Dangerfield, smaller agents don’t seem to get any respect — or at least not as much respect as their larger counterparts. It is becoming difficult to keep the carriers they currently...
The Future for Agents’ E & O
Oct 9 2006 // David Duncan of David C. Duncan Insurance Services in Rancho Santa Margarita, Calif., is worried about whether and how much the cost of his agency errors and omissions insurance might go up next year. Duncan started his...
Terrorism insurance market hits federal radar
Oct 9 2006 // Two new federal reports have found that the long-term development of the private terrorism insurance market remains at best uncertain due to the unpredictable nature of terrorist attacks. Both reports acknowledged that a...
Getting to know your agency’s E&O
Oct 9 2006 // Insurance agents’ errors and omissions policies are not created equal. An agent who purchases E&O based solely on price may experience a rude awakening when it’s time to report a claim. Here are just a few...
State regulators, insurer trades spar at Congressional hearing on insurer investments
Oct 9 2006 // The National Association of Insurance Commissioners President and Maine Insurance Superintendent Alessandro A. Iuppa told a House Financial Services Subcommittee panel last month that strong financial regulation of...
Sticking up for the little guys
Oct 9 2006 // Somewhat akin to Rodney Dangerfield, smaller agents don’t seem to get any respect — or at least not as much respect as their larger counterparts. It is becoming difficult to keep the carriers they currently...
Mike Kreidler, Washington, Insurance Commissioner
Oct 9 2006 // The Washington Office of the Insurance Commissioner is a vigorous protector of consumers under the leadership of Commissioner Mike Kreidler. From maintaining a trust relationship between consumers and insurers, to...
Getting to know your agency’s E&O
Oct 9 2006 // Insurance agents’ errors and omissions policies are not created equal. An agent who purchases E&O based solely on price may experience a rude awakening when it’s time to report a claim. Here are just a few...
Terrorism insurance market hits federal radar
Oct 9 2006 // Two new federal reports have found that the long-term development of the private terrorism insurance market remains at best uncertain due to the unpredictable nature of terrorist attacks. Both reports acknowledged that a...
State regulators, insurer trades spar at Congressional hearing on insurer investments
Oct 9 2006 // The National Association of Insurance Commissioners President and Maine Insurance Superintendent Alessandro A. Iuppa told a House Financial Services Subcommittee panel last month that strong financial regulation of...
The Future for Agents’ E&O
Oct 9 2006 // David Duncan of David C. Duncan Insurance Services in Rancho Santa Margarita, Calif., is worried about whether and how much the cost of his agency errors and omissions insurance might go up next year. Duncan started his...
Castle Point Names Doyle President, CEO of Reinsurance; Dale to Head Management Unit
Oct 6 2006 // Bermuda-based CastlePoint Holdings, Ltd. has announced the appointment of Gregory T. Doyle as President of CastlePoint Holdings and CEO of CastlePoint Reinsurance Company, Ltd. He will also serve as a Director of...
Former Insurance Company Officers Sentenced to Six Years in Okla.
Oct 6 2006 // A federal judge has sentenced two men to six years in prison for their roles in the failure of a Tulsa, Okla. insurance company. Besides prison terms for convictions on embezzlement, wire fraud and money laundering...
Doctors Company to Acquire Ohio OHIC Med Mal Insurer
Oct 6 2006 // Napa, Calif.-based The Doctors Company, a physician-owned medical malpractice insurance provider, announced that it has entered into an agreement to acquire OHIC Insurance Company (OHIC), a leading medical liability...
Auto Premium Rating Error Cost U.S. Auto Insurers More Than $16 Billion
Oct 3 2006 // San Francisco-based Quality Planning Corp., the rating integrity solutions company, today released its annual Premium Rating Error report, showing premium rating errors remain a drag on auto insurer profitability. QPC...
Trade Group: Mich. Enacts Positive Reforms to Guaranty Fund Coverage
Oct 3 2006 // Michigan recently enacted a series of positive reforms to the Michigan Property Casualty Guaranty Association Act that among many things adds a large deductible provision which clarifies the rights of the receiver and...
