Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
UK Insurer Marketform Expands into U.S. Hospital PL Market
May 23 2013 // Lloyd’s specialist underwriter Marketform will commence underwriting hospital professional liability, comprising medical malpractice and associated general liability insurance, in the United States effective June 1,...
Insurers, Banks Leveraging Trade Talks to Change Dodd-Frank
May 23 2013 // U.S. bankers and insurers are trying to use trade deals, which can trump existing legislation, to weaken parts of the Dodd-Frank Act designed to prevent a repeat of the 2008 financial crisis. While the companies say they...
Top 10 U.S. Insurers in Tornado-Stricken States: SNL Financial
May 23 2013 // The Moore, Oklahoma tornado, which killed 24 people, was the deadliest to touch down during a nearly weeklong outbreak across the U.S. Midwest. The states hardest hit have been Kansas, Missouri, Texas and Oklahoma,...
Lloyd’s Report Highlights Solar Storm Threat as Emerging Risk
May 23 2013 // “A large solar storm could leave tens of millions of people in North America without electrical power for several months, if not years, potentially costing trillions of dollars,” according to Lloyd’s...
N.Y. Assemblyman Takes Aim at Anti-Concurrent Causation Clauses
May 22 2013 // A New York State Assemblyman has introduced a bill that seeks to prohibit the insurers’ use of anti-concurrent causation (ACC) clauses in the state. The bill, A07455, was introduced on May 17 by Assemblyman Phil...
Maine Legislature Votes Down Vacant Property Insurance Bill
May 21 2013 // The Maine Legislature last week voted down a bill that sought to place stricter requirements on home insurers’ use of exclusions for losses on vacant homes. The bill LD 1413 (“An Act to Clarify Limitations on...
Insurer Group Mostly Happy with Missouri Legislative Session
May 21 2013 // The Missouri General Assembly made big strides this year towards modernizing how policyholders can access information associated with their insurance policy, according to the Property Casualty Insurers Association of...
Homeowners not the Only Line of Insurance Affected by Texas Weather
May 20 2013 // Nature’s Perils Drive Cost of Agent E&O Coverage, Too It’s well known that Texas has some of the highest homeowners premiums in the nation – in large part due to the state’s vulnerability to...
TRIA Debate Heats Up with Charge ‘Nervous Nelly’ P/C Insurers Enjoy $7B ‘Subsidy’
May 20 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...
Three Insurance Companies Placed in Liquidation in Illinois
May 20 2013 // Lumbermens Mutual Casualty, American Manufacturers Mutual Insurance and American Motorists Insurance Cos. have been placed in liquidation in Illinois, according to the state insurance department. State insurance guaranty...
Md. Requires Insurers to Explain ACC Clause
May 20 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...
Opioid Epidemic Plagues Workers’ Comp
May 17 2013 // Prev Next Drug Overdose Death Rates Drug overdose death rates in the U.S. more than tripled since 1990. In 2008, more than 36,000 people died from drug overdoses, and most of the deaths were caused by prescription drugs....
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...
