Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
S&P Assigns Mitsubishi’s New Century ‘A-‘ Rating; CreditWatch Positive
Jan 10 2006 // Standard & Poor’s Ratings Services announced from its Tokyo office that it has assigned its “A-” insurer financial strength rating to New Century Insurance Co. Ltd. and placed the rating on...
Shift in S. Fla. ‘Line of Demarcation’ Could Reduce Homeowners Rates
Jan 9 2006 // South Florida homeowners with properties located in a strip of land east of I-95 could have their policies reduced if a proposal is implemented to shift the line of demarcation as far east as U.S. Highway 1, or even A1A,...
Retailers Assn. Announces New, Michigan-Based Insurance Company
Jan 9 2006 // The first completely new insurance company established in Michigan in six years was announced today with the Michigan Retailers Association’s launch of the Retailers Mutual Insurance Company. Retailers Mutual is a...
Association of Calif. Insurance Companies Opposes Weakening Motorycle Helmet Law
Jan 9 2006 // New legislation, SB 969 has been introduced by Sen. Denise Ducheny, D-San Diego, to permit motorcyclists 18 years and older to ride without helmets if they can show proof of having medical insurance. The bill is scheduled...
I.I.I. Says Record Mississippi Homeowners’ Claim Payments from 2005 Hurricanes
Jan 9 2006 // The record total of homeowners insurance claims payments resulting from the 2005 hurricanes in Mississippi is reportedly enough to wipe out all homeowners premiums paid in the state during the past 17 years. The magnitude...
Ex-Employee Indicted for Theft of Insurer’s United Way Donations
Jan 6 2006 // A Springfield, Illinois woman has been indicted for allegedly stealing at least $150,000, mostly in United Way donations, from her former employer, Horace Mann Insurance Company. Gerri E. Ripka, 50, is accused of taking...
Analysts Predict Faster P/C Premium Growth, Underwriting Profit in 2006
Jan 5 2006 // Record catastrophe losses will weigh heavily on 2005’s underwriting results, pushing what would have been the industry’s largest underwriting profit ever into a loss situation, according to the Insurance...
I.I.I.: Claims in Louisiana Equal to 25 Years of State’s Homeowners Premiums
Jan 5 2006 // The record total of homeowners insurance claims payments resulting from the 2005 hurricanes in Louisiana is enough to wipe out all homeowners premiums paid in the state during the past 25 years, as well as every dollar of...
CEO of La.’s ‘Last Resort’ Insurer not Happy About Growth
Jan 4 2006 // Growth is good for most businesses but the chief executive officer for Louisiana Citizens Property Insurance Corporation is sorry to predicting a 40 percent to 50 percent growth rate in the coming one to two years for his...
Analysts Predict Surge in Insurance Company Mergers in 2006
Jan 4 2006 // Analysts are predicting that 2006 could be the big one in terms of new mergers by insurers. Not that 2005 was lean on mergers and acquisitions. Some of the top companies that made the move were notably MetLife...
Michigan Insurer Honors Top Independent Agents
Jan 4 2006 // American Community Mutual Insurance Company, a provider of individual and group health insurance, home-based in Livonia, Mich., honored its top-producing independent agents earlier this year. The annual event recognizes...
Mass. Savings Bank Life Starts Conn. Insurer
Jan 4 2006 // The Savings Bank Life Insurance Company of Massachusetts (SBLI) it is now actively conducting business in Connecticut under the name Centrian Life Insurance. The Savings Bank Life Insurance Company of Massachusetts has...
Gemstar Sues Insurer for Allegedly Failing to Cover Court Judgments
Jan 3 2006 // Gemstar-TV Guide International Inc. has sued an insurer, seeking to recover $50 million (euro42.3 million) in liability coverage the media and technology company claims it is due to help cover judgments stemming from...
Insurance Commissioner Kreidler Backs Sale of Wash. Health Insurer
Jan 3 2006 // The acquisition of a Washington-based health care service contractor as part of a national merger involving 10 states was approved recently by Insurance Commissioner Mike Kreidler’s office. The acquisition of...
Agents, Brokers, Carriers: Insurance Outlook Good for 2006
Jan 2 2006 // With the insurance industry surviving a year filled with catastrophe losses and the challenge of reauthorizing the terrorism reinsurance backstop legislation, the prospects still seem bright for 2006 according to agents,...
Indiana Hospital, Insurance Carrier Renew Contract
Jan 2 2006 // In a last minute, last effort situation, one of the state’s largest hospital systems and Anthem Blue Cross and Blue Shield renewed their contract. The agreement follows months of negotiations and allows...
Pa. Insurers Propose 8.5% Decrease for Workers’ Comp
Jan 2 2006 // Pennsylvania workers’ compensation insurers are recommending a decrease in what they charge to cover loss costs. The Pennsylvania Compensation Rating Bureau has filed for an overall 8.58 percent decrease in...
N.Y. insurers to seek an end to price controls in 2006
Jan 2 2006 // Insurers’ proposal would have state switch to file-and-use rate system Insurers in New York State will lobby to end price controls on personal and commercial lines policies in the coming year. Their proposal would...
New year brings lowered rates for Mass. drivers
Jan 2 2006 // 8.7% rate cut is a lot more than the 0.1 percent cut recommended by insurers Private passenger auto insurance rates will be cut an average 8.7 percent in Massachusetts in 2006 under a ruling by insurance commissioner...
INSURERS TO SUPPORT LEGISLATIVE STUDY ON AUTO THEFT
Jan 2 2006 // The National Association of Mutual Insurance Companies based in Indianapolis, Ind., will support a legislative study on auto theft in Arizona when the bill is heard in the state’s legislature. A proposed bill has...
