Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Best Takes Various Actions on 52 Canadian P/C Insurers
Jul 11 2005 // A.M. Best Co. has affirmed the financial strength ratings of 36 Canadian insurers, downgraded the ratings of four, upgraded the ratings of nine and assigned ratings to three Canadian property/casualty insurers. These...
Two More Fla. Insurers Request Homeowners, Condo Rate Increases
Jul 11 2005 // Florida Preferred Property Insurance and Old Dominion Insurance have joined the list of insurers asking the Florida Office of Insurance Regulation for permission to increase homeowner and condominium policy rates. Florida...
Competition Between Insurers Lowers Fla. Auto Insurance Rates
Jul 9 2005 // Several major insurers, including State Farm, Allstate and Progressive indicate that due to increasing competition, motor vehicle rates are staying nearly stable or going down in Florida, or even going down slightly. State...
ABI Bulletin on London Bombings; Insurer Reactions
Jul 8 2005 // As rescue workers continue to search for the dead and missing, and London begins the long slow process of recovery from yesterday’s devastating bomb blasts that killed at least 37 people and injured over 700, the...
Security Breach Laws Should Concern Insurers, NAMIC Says
Jul 8 2005 // Differences in the 19 security breach notification laws enacted so far this year should be of concern to insurers conducting business in multiple states, according to an analysis by the National Association of Mutual...
Calif. Panel Approves Measure Requiring Insurers to Explain Why Policies are Declined
Jul 7 2005 // The California Assembly Insurance Committee approved an amended measure that will now require insurers to provide an explanation to consumers when policies are declined, canceled or non-renewed, reported the American...
SOX Debate Must Go On Despite Insurers’ Protests, Va.’s Gross Insists
Jul 7 2005 // The debate over insurance company financial reporting should center on the value of what is reported and the effort to change the rules must go on despite opposition by some, according to the state insurance commissioner...
N.H. Gov. Lynch Signs Big Changes for Small Group Health into Law
Jul 7 2005 // Surrounded by supporters, Gov. John Lynch this week signed into law a bill that promises to dramatically change the way health insurance companies set rates for small businesses in New Hampshire. Lynch said he was...
ISO: Insurers’ $920M CAT Losses is Lowest for Q2 in a Decade
Jul 6 2005 // U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $920 million for second-quarter insured property losses from four catastrophes in 25 states — the lowest tally among second...
More Choices for Homeowners Coverage in La.
Jul 5 2005 // Homeowners in Louisiana have more choices for insurance than they did a year or two ago, the Associated Press and the New Orleans Times-Picayune reported. More companies are writing policies, and those that already were in...
INSURERS BACK MANAGED CARE FOR AUTO:
Jul 4 2005 // The Insurance Institute of Michigan said it supports a legislative proposal that would allow policyholders to choose a managed care option for their medical coverage under the state’s no-fault auto insurance system...
How to Market Program Business to Carriers: Tell All, Honestly
Jul 4 2005 // Target Markets Mid-Year Meeting Program administrators, painfully aware how difficult it can be to get insurance companies to sign on, improve their chances of program success when they tell the complete story of their...
What Lines Program Insurers Like, Dislike
Jul 4 2005 // Insurers’ appetite for targeted insurance programs still favors larger deals and shuns workers’ compensation risks, according to one expert’s analysis of conditions. Benfield Inc. Senior Vice President C....
Target Markets Aims to Win
Jul 4 2005 // Nearly five years ago, a group of program specialists gathered in Tempe, Ariz., for the first summit meeting of a budding industry organization called the Target Markets Program Administrators Association. The brainchild...
Nationwide’s Allied Insurance Looking for Agents in South and East
Jul 4 2005 // The independent agency arm of giant Nationwide Insurance is expanding and looking for agents in the East and South. Allied Insurance now has more than 4,500 independent agency locations in the West and Midwest. It began...
International Newsbriefs
Jul 4 2005 // EU Leaders Fiddle While Europe Burns: The crisis in the European Union, provoked when French and Dutch voters rejected the EU Constitution, is being largely ignored by Europe’s leaders. Instead of a bit of...
Laying the Groundwork for New Insurance Programs
Jul 4 2005 // While many new insurance program ideas emerge from various sources, very few result in the actual formation of a program. It is generally only those that are well-thought-out, include substantive information, and are...
For Mutuals, SOX Rules Don’t Fit
Jul 4 2005 // Crucial differences between public and mutual insurers cause the National Association of Mutual Insurance Companies to oppose the National Association of Insurance Commissioners’ proposal to embed in state insurance...
What is Finite Risk Reinsurance? A Definitive Explanation
Jul 4 2005 // Recent insurance industry investigations have begun to put prior finite reinsurance transactions under a microscope, creating the need to re-examine this reinsurance product, but more importantly determine its role in the...
Disclosure, Marketing Dominate Young Brokers and Agents Conference
Jul 4 2005 // Agents and brokers must unite and work together so that their industry is able to flourish despite recent challenges involving broker disclosure, participants learned at IBA West’s Young Brokers and Agents Conference...
