Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Miscellaneous Professional Liability
Apr 17 2006 // This morning, you received a phone call from a potential client interested in purchasing professional liability coverage. During the course of the conversation, the prospective client is not a traditional professional,...
Technology
Apr 17 2006 // Given the pace of today’s technological developments, it is often difficult for agency principals to know where to get the most bang for their buck. As most agency principals know, it is important to take a strategic...
News Currents
Apr 17 2006 // Insurers well-braced for next big California earthquake When the next big earthquake strikes California, it’s unlikely to hurt the insurance industry as much as the last one did. The nation’s largest property...
Bond Insurers Urged to Travel Conservative Underwriting Route
Apr 14 2006 // Bond insurers had an interesting 2005, dealing with the ratings implications of natural disasters, airline and auto parts manufacturer bankruptcies, Securities and Exchange Commission and attorney general investigations,...
Insurers Pleased with Privacy Terms of Maine’s New ‘Black Box’ Law
Apr 14 2006 // A new Maine law (LD 1885) aimed at protecting the privacy of motorists with event data recorders (EDRs), or “black boxes,” in their vehicles, contains important safeguards for insurers supported by the...
China Relaxes Foreign Exchange Controls; Insurers to Invest Overseas
Apr 14 2006 // China’s central bank announced on Thursday the relaxation of controls on foreign exchange accounts, simplifying approval procedures for foreign exchange payments in the service trade, and procedures for individuals...
Summation of Insurance-Related Bills Speeding Through Fla. Legislature
Apr 14 2006 // With Spring meetings of the Florida Legislature coming to an end in Tallahassee in May, the Florida Insurance Council has summarized insurance-related bills now being considered in the House and Senate. Sam Miller,...
Proposed California Homeowners Regs Bad Public Policy, Associations Say
Apr 14 2006 // Homeowners’ insurance regulations proposed by the Department of Insurance would result in higher premiums for many Californians, force insurers to charge unfair homeowner rates and cause subsidies among...
Qatar Insurance to Launch Holding Firm for Overseas Operations
Apr 13 2006 // Qatar Insurance Company said it will soon launch Qatar Insurance International, a holding firm for its overseas operations. Qatar Insurance International, a closed shareholding company, would be based at the Qatar...
Mo. Senate Votes to Bar Insurers from Canceling Policies Due to Storm Claims
Apr 13 2006 // The Missouri Senate voted Tuesday to bar insurance companies from canceling policies, refusing to renew policies or raising rates as a result of weather-related claims. Sen. Charlie Shields, (R-St. Joseph), offered the...
Insurers Say Vote No to Arizona Vehicle Repair Legislation
Apr 12 2006 // The Property Casualty Insurers Association of America (PCI) is asking the Arizona Senate to vote no on House Bill 2063, a bill that it says would make it more difficult for insurers to provide consumers important...
GE Insurance Solutions Talks About Landing a Program Carrier
Apr 12 2006 // If you’re an agent or broker trying to land a program carrier, it’s one thing to have an in-force program with lots of history and experience data, but how do you market yourself to a carrier if you’re...
Axa Re Offer Mirrors Consolidation Moves by European Insurers
Apr 10 2006 // French insurer Axa SA said Friday it received a binding offer for its reinsurance business from a consortium of private-equity firms led by Stone Point Capital. The deal calls for the consortium — which also includes...
Insurance Industry on Solid Financial Footing, But Overall Results Mask Problems in Certain Lines, Locations
Apr 10 2006 // The property/casualty insurance industry will report an increase in its capital base and an overall profitable performance in 2005, enabling it to meet the insurance needs of the growing U.S. economy, according to...
British Olympic Athletes Get Sponorship with Insurer Norwich Union
Apr 9 2006 // British track and field athletes will need to sign performance-based contracts in order to get funding under a new sponsorship agreement aimed at producing champions for the 2012 London Olympics. The five-year,...
Insurers Refute Reports on Canada’s Home, Auto Policy Prices
Apr 9 2006 // Canada’s home, car and business insurers have countered recent reports suggesting that the cost of homeowner’s insurance in New Brunswick is rising. The industry’s attempt to set the record straight about...
Fla. Senate Looks for Ways to Solve Property Insurance Problems
Apr 7 2006 // With thousands of Floridians reeling from huge property insurance premium spikes as yet another hurricane season approaches, a Senate panel began discussion Wednesday of ways to fix what many say is a broken hurricane...
Hartford Fire Department to Charge Insurers for Emergency Services
Apr 7 2006 // Fire protection and medical help remains free, but the Hartford Fire Department will soon be charging insurers for other emergency services it provides. The department, in the next week or so, will begin billing insurance...
Insurer Group Names Mo. Executive as State Advocacy Committee Chair
Apr 7 2006 // The National Association of Mutual Insurance Companies has named Kent Osborn, treasurer of the Mo.-based Cameron Mutual Insurance Company, as the new chair of its state advocacy committee. Osborn has been selected to serve...
Largest Medical Malpractice Insurer in Ill. to Cut Premiums by 5.2 Percent
Apr 7 2006 // Illinois’s ISMIE Mutual Insurance Company, the state’s largest medical malpractice insurer, announced this week that it will cut its average premiums by 5.2 percent starting July 1, 2006. The announcement by...
