Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurer Group: Colorado’s Black Forest Fire $292.8 Million
Jul 15 2013 // The most destructive wildfire in Colorado history caused $292.8 million in insured losses, according to a preliminary report issued on Monday by the Rocky Mountain Insurance Information Association. The estimates include...
R.I. to Keep Assessment Rate for Workers’ Comp Insurers at 6.75%
Jul 15 2013 // The Rhode Island Department of Labor and Training said it is keeping the assessment rate for workers’ compensation insurers unchanged at 6.75 percent for the coming year. The department said this assessment rate has...
Insurance Company Suing Former South Dakota Legislator
Jul 15 2013 // An insurance company is suing a former South Dakota state legislator to recover nearly $10,000 in medical expenses over a mishap during a parade. The Daily Republic reports that State Farm Insurance is suing 65-year-old...
Insurer Denies Coverage in Kansas City Diocese Settlement
Jul 15 2013 // A former insurance company for the Catholic Diocese of Kansas City-St. Joseph, Mo., is seeking to avoid paying for priest sexual abuse settlements. The Chicago Insurance Co. said in a federal court filing that it has no...
Florida Consumer Advocate to Review Insurers’ Homeowners Claims Handling
Jul 12 2013 // Florida’s insurance consumer advocate is launching a group to look at how insurance companies are handling claims from homeowners. Robin Smith Westcott said she is creating a working group to come up with...
San Bernardino Bondholder, Insurer Support Bankruptcy Filing
Jul 12 2013 // San Bernardino should be allowed to stay in bankruptcy, bond insurer Ambac Assurance Co. and a bondholder owed $50 million said in court papers opposing other creditors’ efforts to strip the California city of...
New China Life Falls as Zurich Insurance Sells Shares
Jul 12 2013 // New China Life Insurance Co. fell by the most in almost a year in Hong Kong after Zurich Insurance Co. sold 97.5 million shares in the third-biggest Chinese life insurer by premium income last year. The stock dropped 6.4...
Lloyd’s Insurer Advent Names Fitzgerald as CEO
Jul 12 2013 // Lloyd’s insurer Advent has named Nigel Fitzgerald as chief executive officer. The company said the appointment completes his planned transition to the CEO role since his arrival at Advent in November, 2012 as chief...
Wildfires, Hail Take Toll on Colorado Homeowners Insurance
Jul 11 2013 // It’s safe to say there’s a lot going on in the homeowners insurance scene in Colorado, where homeowners insurance rates are likely to be on the rise for some time. Insured losses from the recently doused Black...
Michigan: Bulk of Insurance Complaints in 2012 Concerned Claims Handling
Jul 11 2013 // The Department of Insurance and Financial Services (DIFS) says consumers in 2012 filed more than 3,000 complaints against insurance companies doing business in Michigan. Complaints were filed against carriers writing...
Insurer Fined by South Dakota Says It Is Now in Full Compliance
Jul 11 2013 // A Nebraska-based insurance company that is being fined $325,000 for violating South Dakota laws and regulations says it has taken steps to ensure it is in full compliance. Omaha-based Ability Insurance says in a statement...
Top 10 U.S. Aircraft Insurers: SNL
Jul 11 2013 // American International Group Inc. (AIG) has been reported to be the lead insurer for the recent Asiana Flight 214 tragedy in San Francisco. AIG’s role is not surprising, given its presence in Asia and focus on the...
Insurer Backing Detroit Bonds Opposes City Plans
Jul 10 2013 // An insurance company that backs more than $170 million in Detroit bonds says it opposes a plan by the city’s state-appointed emergency manager to restructure the city’s finances. Ambac Assurance Corp. said in a...
Iowa Insurer’s Cash Reserve Size Questioned
Jul 10 2013 // Two state senators want Iowa to investigate whether the state’s dominant health insurer really needs $1.3 billion in reserves. Sens. Jack Hatch and Matt McCoy, both Des Moines Democrats, are skeptical about Wellmark...
Texas Judge Allows Insurer’s Lawsuit Against Armstrong to Proceed
Jul 10 2013 // A Texas judge has refused Lance Armstrong’s request to dismiss an insurance company’s lawsuit seeking $3 million in bonuses it paid him from 1999 to 2001. Nebraska-based Acceptance Insurance Holdings sued...
South Dakota Fines Nebraska-Based Insurance Company
Jul 10 2013 // South Dakota’s Division of Insurance has levied a $325,000 fine against a Nebraska-based insurer for violating South Dakota laws and regulations. It is the largest such fine in South Dakota history, Insurance...
As Political Risks Proliferate, Insurers Increase Coverage Options
Jul 10 2013 // Could it happen to us? Tourism, manufacturing and resources companies surveying an unpredictable world are increasingly having to consider insurance against political risks, and the insurance industry is gearing up to...
Vermont Waste Facility Sues Insurer to Recover Payouts
Jul 9 2013 // The Chittenden Solid Waste District that inadvertently sold compost contaminated with herbicides last year is suing its insurance carrier to help recover at least part of the more than $520,000 it has had to pay out. In...
AIG Reported to Be Lead Insurer for Asiana Crash in San Francisco
Jul 9 2013 // International Group Inc. was the lead insurer providing coverage for the Asiana Airlines Inc. jet that crashed while landing in San Francisco last weekend, according to two people familiar with the matter. The coverage is...
Conn.-Based Medical Liability Insurer CMIC Names Director of Loss Prevention
Jul 8 2013 // CMIC, a Glastonbury, Conn.-based carrier offering medical professional liability insurance in New England, recently promoted Denise Condron to director of loss prevention.Denise CondronHer responsibilities include...
