Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Statistics on Insurers Handling Sandy Flood Claims
Feb 19 2013 // The 15 insurers participating in the National Flood Insurance Program that are handling at least 1,000 claims related to Sandy, the progress they have made in closing claims, and the money they have paid out to date:...
Geography To Play Larger Role In California Health Premiums
Feb 17 2013 // Whether it’s the densely populated Southern California coast or the mountains of rural Northern California, geography is going to play a larger role in the cost of health insurance under the federal health care...
FEMA Data Suggests Some Insurers Handling NFIP Claims Faster Than Others
Feb 17 2013 // Up and down the Atlantic coast, people are telling horror stories about how long it has taken to get an insurance check for flood damage caused by Superstorm Sandy. Nearly 40 percent are still waiting for the final...
Insurer Reports Sandy Flood Claims Resolving Quickly
Feb 14 2013 // A bulletin by the National Flood Insurance Program helped spur quicker processing of Sandy flood-related claims. Prior to the bulletin, claims were adjusted according to the policy and guidelines established by the Federal...
Insurer to Take 31,000 Commercial Wind Policies from Florida’s Citizens
Feb 14 2013 // Florida’s state-backed property insurer has approved a plan to shift 31,000 commercial wind-only policies to a new private insurer. The board of Citizens Property Insurance Corp. approved the plan earlier this week....
California Commissioner Fingers Insurers for Iran Investments
Feb 13 2013 // California Insurance Commissioner Dave Jones on Wednesday singled out eight insurers licensed to do business in the state that continue to have investments tied to Iran’s energy, military and nuclear sectors. During...
Maine-Based Workers’ Comp Insurer MEMIC Group Announces 2 Promotions
Feb 13 2013 // The MEMIC Group, a workers’ compensation insurer headquartered in Portland, Maine, announced the promotions of Matthew Harmon and Daniel Smith to assistant vice president of claim operations.Matthew Harmon and Daniel...
Insurers Not Seeing Large Number of Claims From Snowstorm So Far
Feb 13 2013 // A fierce winter storm brought deep snow and high gusting winds to the Northeast last weekend, but a number of insurers are saying that so far, they are not seeing a large number of claims. State Farm said Tuesday the...
Everest National Insurance Company Awards American Claims Management with Personal Auto Program
Feb 13 2013 // San Diego, CA, 02/13/13 – American Claims Management, Inc. (ACM), a national third party administrator, has been awarded the claims handling for the Personal Auto Program from Everest National Insurance Company...
Insurers: False Auto Claims on the Rise in Minnesota
Feb 12 2013 // Auto insurance companies say false and exaggerated injury claims are on the rise in Minnesota. The National Insurance Crime Bureau says suspicious personal injury claims have tripled since 2008. Minnesota ranked tenth in...
Florida Lawmakers Unveil Property Reform Proposals
Feb 11 2013 // Florida lawmakers’ first draft of a property reform emphasizes depopulating and diverting policies from Citizens Property Insurance Corp., the state-backed property insurer that has 1.3 million policyholders. The...
Mobile Technology Gaining with Insurers: Survey
Feb 11 2013 // While much of the attention around use of mobile devices in insurance has centered on consumer apps offered by large personal lines insurers, other property/casualty insurers and life/annuity insurers are rolling out...
Insurers Begin Employing IBM’s Supercomputer Watson
Feb 11 2013 // Dr. Watson is accepting new patients. The Watson supercomputer is graduating from its medical residency and is being offered commercially to doctors and health insurance companies, IBM said Friday. IBM Corp., the health...
Report Card on Citizens Questions Some Outside Contracts
Feb 11 2013 // Florida regulators have released a report into Citizens Property Insurance Corp. that says the state-backed company failed to sufficiently negotiate outside vendor contracts and review travel and other expenses. At the...
The Insurance Mood in Tallahassee
Feb 11 2013 // Lawmakers Have Insurance Concerns But Will They Act in 2013? When you ask experts in Florida to describe the mood of state lawmakers about insurance reforms in 2013 they use words like “disinterested” and...
Unfair Drivers
Feb 11 2013 // In its latest report on auto insurance premiums, the Consumer Federation of America (CFA) said insurers charge higher premiums to safe drivers than to unsafe drivers. That claim seems to go against the grain when...
Dallas-Based Prize Insurer Sues Lance Armstrong for $12M
Feb 8 2013 // A Dallas-based firm that specializes in insuring promotions and prizes has filed suit against Lance Armstrong seeking to recoup millions in prize money awarded to the former professional cyclist for winning the Tour de...
Alabama Warns Hundreds of Insurers to Register or Face Fine
Feb 8 2013 // Hundreds of property/casualty insurance companies have not registered with Alabama regulators as required, prompting the state insurance department to issue a warning and extend the registration deadline to March 31. The...
Exclusive Interview: North Carolina Commissioner Goodwin on Home, Auto Markets
Feb 7 2013 // Recently re-elected North Carolina Insurance Commissioner Wayne Goodwin is more focused on reform of the state’s homeowners insurance market than he is on auto insurance. As was the case four years ago when he first...
Policyholder Education: Agent or Carrier Responsibility?
Feb 7 2013 // Policyholder education about insurance coverage wording is a critical challenge for the property/casualty insurance industry. But who should be doing the teaching — agents or carriers? During a recent industry meeting, a...
