Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Weston Insurance Company Selects North American Risk Services, Inc. as Third Party Claims Administrator
May 17 2013 // Altamonte Springs, FL, 05/17/13 – North American Risk Services, Inc. (NARS), a premier national third-party claims administrator announces its strategic partnership with the Florida-based domestic property insurance...
N.Y. Regulator Issues ‘Cease and Desist’ Order to Car-Sharing Firm RelayRides
May 16 2013 // New York’s top financial and insurance regulator on Wednesday ordered the peer-to-peer car-sharing service firm RelayRides to cease and desist what the regulators called the company’s “repeated false...
Insurers Pay $600K in Small Town West Virginia Racism Case
May 16 2013 // Insurance companies will pay $600,000 to a former officer who sued the Sophia Police Department over claims he was harassed and fired because he is black, Mayor Danny Barr said. That payout is more than the small West...
Western Dakota Insurors Welcomes Schmeltzer
May 15 2013 // Western Dakota Insurors in Rapid City, South Dakota, announced it has added Glen Schmeltzer as a new producer. Schmeltzer is licensed in property/casualty and life/health insurance, and his experience includes insurance...
Delaware Workers’ Comp Task Force Issues Report, Recommendations
May 15 2013 // Delaware’s state task force charged with examining Delaware’s workers compensation insurance rates published a report and 18 recommendations to address double-digit rate increases in recent years. The task...
E&O Insights: Directors & Officers Liability Is Not Your Normal Insurance Product
May 14 2013 // If you asked 100 insurance professionals on the agency side what one line of business “scares” them the most, it’s likely that directors and officers (D&O) liability would be at the top. The lack of...
Three Insurance Companies Placed in Liquidation in Illinois
May 13 2013 // Lumbermens Mutual Casualty, American Manufacturers Mutual Insurance, and American Motorists Insurance Companies have been placed in liquidation in Illinois, according to the state insurance department. State insurance...
Mass. DOI to Issue Report on Insurance Claims Arising From Boston Bombings
May 10 2013 // The Massachusetts Division of Insurance said it is currently examining claims arising from the April 15 Boston Marathon bombings in an effort to understand the insurance claims filed and paid, in line with examinations the...
Ohio Women’s Home Fighting Insurance Company to Stay Put
May 10 2013 // Supporters of a nonprofit home for struggling women on May 8 protested the continued efforts of a major insurance company to force them to move out of their beautiful downtown neighborhood as a pivotal court hearing on the...
TRIA Debate Heats Up with Charge ‘Nervous Nelly’ P/C Insurers Enjoy $7B ‘Subsidy’
May 9 2013 // A consumer advocacy group says the property/casualty insurance industry has been getting a sweet deal worth about $7 billion as a result of the federal government’s program to help pay terrorism insurance claims...
N.J. Law Requires Insurers to Provide 1-Page Summary of Homeowners Coverage
May 7 2013 // New Jersey Gov. Chris Christie has signed into law on Monday a bill that aims to help homeowners better understand their insurance policies. The legislation (A3642/S2502) requires homeowners’ insurers to give...
New Law in Maryland Will Require Insurers to Explain ACC Clause to Homeowners
May 6 2013 // Maryland has enacted a new law requiring insurers that write homeowners policies in the state with anti-concurrent causation clauses to explain these clauses to their policyholders on an annual basis. Maryland Gov. Martin...
Florida Lawmakers OK Clearinghouse for Citizens Business; Agents Face Changes
May 6 2013 // Florida lawmakers approved legislation that seeks to slow the growth of the state-backed property insurer by diverting new policies into the private market while largely retaining the status quo for the insurer’s...
Health Insurers Cautious About Joining State Health Exchanges
May 6 2013 // The nation’s largest health insurers are far from leaping at the chance to join new state health insurance exchanges under President Barack Obama’s reform law, making it likely that some markets will have...
2013 Super Regional Insurers
May 6 2013 // Demotech Inc. Reveals Leading Multi-State Property/Casualty Insurers The original criteria and objective definition for Super Regional P/C Insurers™ was established in the Feb. 12, 2007, issue of Insurance Journal. Prior...
Most Carriers Provide Training on Selling Online: Survey
May 6 2013 // A two-thirds majority of independent insurance agents say their carriers are providing them with training and consulting on how to use their agency websites to increase sales, a new survey reveals. The annual survey of...
U.S. P/C Industry Posts $33.5B 2012 Income Despite Huge Catastrophe Losses of $32B
May 6 2013 // U.S. property/casualty insurers absorbed net insured catastrophe losses of more than $32 billion last year, but still managed to post $33.5 billion in net income in the aggregate — in part because catastrophe losses were...
Connecticut Bill Would Report Chatty Drivers to Insurers
May 5 2013 // Frustrated by drivers who ignore Connecticut’s ban on talking and texting on hand-held cellphones, some state legislators want insurance companies to know when their customers break the law. Lawmakers hope the...
N.J. Commissioner: Residents With Unresolved Sandy Claims Can Turn to Mediation
May 3 2013 // New Jersey Department of Banking and Insurance Commissioner Ken Kobylowski said on May 1 that New Jersey residents with unresolved non-flood insurance claims related to Superstorm Sandy can have their cases mediated...
ACE Acquires Mexico Personal Lines Insurer ABA Seguros
May 3 2013 // ACE Limited announced that it has completed the acquisition of Mexican personal lines insurer ABA Seguros from Ally Financial Inc. for approximately $690 million in cash, after a $175 million pre-closing dividend taken by...
