Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Project CAP CEO Bacciocco Shares Views on Consumer Agent Portal and 2013
Apr 1 2013 // Independent agents should soon be getting some help with their personal lines sales— better late than never. The delayed Consumer Agent Portal — backed by the Independent Insurance Agents & Brokers of America Inc....
4 Insurers to Reimburse Mass. Drivers to Settle Allegations of Overcharges
Mar 29 2013 // Four auto insurers have settled allegations that they overcharged Massachusetts consumers relating to auto insurance surcharges that were overturned by the state’s Board of Appeal, or otherwise removed from state...
New Rules in Place in Michigan for Insurer Use of Credit Information
Mar 29 2013 // A series of new laws have taken effect in Michigan that how insurance companies can use a person’s credit information. The laws passed last session went into effect March 28. Under one of the measures, insurers...
P/C Mergers Down in 2012 But Private Equity Still Favored Brokers: Conning
Mar 28 2013 // Amounting to just $4.7 billion in aggregate deal value, the 46 merger and acquisition transactions announced in the property/casualty insurance sector in 2012 were near record low levels, according to the latest annual...
Florida Regulators Allege Fraud by Allianz in Case of Failed Insurer
Mar 27 2013 // Florida regulators are alleging that insurer Allianz and its companies contributed to the collapse of a Florida domestic property insurer by taking out more than $20 million in assets and rendering it unable to meet its...
Protective Life in Lead for AXA US Insurance Assets – Sources
Mar 27 2013 // U.S. insurer Protective Life Insurance is the leading candidate to buy some of AXA SA’s U.S. life insurance assets in a deal that could be valued at around $1 billion, according to two people familiar with the...
Texas Windstorm Insurer Board: No Receivership at This Time
Mar 26 2013 // Numerous representatives from Texas coastal counties, cities and business organizations on March 25 spoke before the board of the state’s insurer of last resort urging them to oppose the proposal by state regulators...
FIGA Reforms Should Increase Flexibility, Not Eliminate It
Mar 25 2013 // When it comes to property insurance reform in Florida, everyone is basically focused on proposals that deal with the Florida Hurricane Catastrophe Fund, Citizens Property Insurance Corp. and the (over) regulation of...
Missouri Regulators Reach $2M Settlement with Travel Insurance Company
Mar 25 2013 // The Missouri Department of Insurance announced that Missouri consumers who purchased travel insurance policies sold by a Pennsylvania-based insurer may be entitled to a refund of nearly $2 million. The policies were sold...
Washington Weighs First Abortion Insurance Mandate In US
Mar 25 2013 // In 1970, Washington became the first – and remains the only – state in the country to legalize elective abortions by a popular vote. A generation later, and 40 years removed from the landmark United States Supreme...
Receivership Proposed for Texas’ Insurer of Last Resort
Mar 25 2013 // In a meeting on March 25, the board of directors of Texas’ insurer of last resort in coastal areas is expected to discuss the organization’s dire financial condition and the possibility of placing the...
Christian Health Insurer, Pension Liability Top Kentucky Legislature’s Closing Days
Mar 25 2013 // Lawmakers return to the Capitol on Monday with two days remaining to pass legislation intended to shore up Kentucky’s pension plans for state and local government retirees. Restoring solvency to the pension system,...
Florida Lawmaker Wants to End Insurance Company Tax Credit
Mar 25 2013 // A top Senate Republican wants to roll back fees now charged to Floridians to renew their driver’s license and car tags. Sen. Joe Negron, R-Stuart and Senate budget chief, said he will unveil a bill this week that...
Florida Insurers, Employers Scrambling After Court Ruling on Workers’ Compensation Benefit
Mar 25 2013 // A Florida district court judge’s ruling that declared unconstitutional a 104-week limitation on injured workers’ temporary benefits left insurers and employers scrambling to come up with a legislative...
E&O Insights: Don’t Forget About E&O When Buying or Selling an Agency
Mar 25 2013 // While the industry seemed to see a spike in mergers and acquisitions activity in 2012 due to some tax implications, many are projecting that 2013 will see some healthy buying and selling, too. While there are many issues...
How Insurers View the Impact of Climate Change
Mar 25 2013 // Besides revealing attitudes about climate change, the Ceres report highlights how insurers view the impacts of climate change affecting the industry. Some insurers believe climate change could potentially affect the...
Insurer Readiness on Long-Term Effects of Climate Change Called Into Question: Report
Mar 25 2013 // Insurers rank well in readiness for handling the short-term challenges of extreme weather events, but fall short in preparedness for the long-term effects of climate change, a new report says. A report that surveyed...
2012 Insurance M&A Snapshot
Mar 25 2013 // Here is a snapshot of the property/casualty insurance industry merger and acquisition activity reported byInsurance Journal in 2012. Major carrier transactions included Nationwide’s acquisition of Harleysville, The...
Insurer Strategies for Managing Extreme Weather Risk
Mar 25 2013 // Common strategies for risk management include catastrophe modeling, reinsurance, higher deductibles or broader exclusions in risk-prone areas, particularly coastal zones, and a tight control of aggregate exposure,...
Top 10 Hot New Markets
Mar 25 2013 // Insurance Journal examined industries experiencing changes and expansions during the past year. Here are the top 10 market sectors that just might deliver hot opportunities for agents and brokers in the property/casualty...
