Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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...
Insurer Plans 1,000 More Jobs in Lansing, Michigan
May 2 2013 // Buoyed by a year of record profits, a Michigan insurance company said it is planning a $100 million expansion that could lead to the addition of more than 1,000 jobs at its headquarters. Lansing-based Jackson National Life...
Homeowners not the Only Line of Coverage Affected by Texas Weather
May 2 2013 // 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 violent weather. It may be less known that Texas has some of the...
Keystone Insurers Group to Expand into Illinois
May 2 2013 // Property and casualty insurance franchisor, Keystone Insurers Group, announced it will begin adding partner agencies in Illinois during the fourth quarter of 2013. Illinois will become the ninth state represented in the...
SNL: E&S Premiums Up in 2012; Top 30 Carriers Ranked
May 2 2013 // Excess and surplus lines premiums in the U.S. were up for a second consecutive year in 2012, rising 10.8 percent to $25.44 billion, and grew at a faster rate than in 2011, according to SNL Financial. Not too long ago —...
Arizona Third State to Allow Posting Policies Online
May 1 2013 // Arizona Gov. Jan Brewer signed a bill that allows a property/casualty insurer to post policies online and send a link via email to policyholders in lieu of providing a hard copy. Brewer signed HB 2565, which allows an...
Applied Systems Acquires IVANS P/C Business
May 1 2013 // Insurance software vendor Applied Systems said it has completed its acquisition of the property/casualty business of IVANS, which has been providing products for insurance data exchange and integration between insurance...
Texas Chiropractic Clinic Owner Convicted of $3M Auto Insurance Fraud
Apr 30 2013 // The owner of a now defunct chiropractic clinic in Bryan has pleaded guilty to engaging in a conspiracy to defraud various automobile insurance companies of more than $3 million, U.S. Attorney Kenneth Magidson said. Marion...
Insurers’ Deadline for Health Exchange Plans Extended
Apr 30 2013 // The deadline for health insurers to submit applications to sell insurance in the states in which the federal government is running the health exchange has been extended by three days until Friday, a spokeswoman at the...
