Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Lucky or Smart? Experts Weigh-In On P/C Industry’s Sandy Impact
Jan 28 2013 // Did the property/casualty insurance industry dodge a bullet or does good risk management explain its ability to withstand $25 billion in losses from Superstorm Sandy? Experts debated the question at a recent industry...
Hospice Insurance
Jan 28 2013 // Bringing Market Seekers and Market Providers Together Find markets in our database Promote your markets on our site Join our community forums Membership is free! www.MyNewMarkets.com Hospice Insurance Market Detail:...
E&O Insights: Differences Between Standard, Excess & Surplus Markets
Jan 28 2013 // For as long as the insurance industry has been around, the excess and surplus (E&S) lines marketplace has served a vital role in writing difficult-to-place, specialty business for which admitted markets don’t...
Cyber Liability: Where to Find Cyber Coverage
Jan 28 2013 // The Buyer’s Guide to the Best Possible Cyber Insurance There are many cyber insurance products available for purchase, and each is somewhat unique. Some products are more comprehensive than others. Some cyber...
Appraisals, Breach of Contract and Bad Faith: Is There a Connection?
Jan 28 2013 // One of the axioms of Texas bad faith law has always been that there is no bad faith where a carrier has not breached its duties to the insured. If you act reasonably and make a mistake, it is not bad faith. In almost all...
Number of Insurers Based in Texas ‘Average’ Compared to Size of Market
Jan 28 2013 // The Texas insurance market is ranked the 12th largest in the world in terms of premium volume, but only an “average” number of insurance carriers call the state home, and many of the 400 insurance companies...
West Virginia Municipal Insurer Balks at Defending Sheriff
Jan 25 2013 // The insurance pool for West Virginia county governments asked a judge Thursday to declare that it has no obligation to defend a Jefferson County sheriff who resigned in disgrace and pleaded guilty in the beating of a bank...
Florida Regulator McCarty Offers Reform Map to Smaller Citizens Property Insurance
Jan 25 2013 // Florida’s insurance commissioner has proposed a set of reforms designed to return the state-back property insurer to being a residual market, while at the same time offering the private insurance market incentives to...
N.Y. Insurers’ Sandy Response ‘Report Card’ Shows 0.48% Claims Complaint Rate
Jan 24 2013 // The New York regulators’ latest “report cards” on the performance of insurers in the wake of Superstorm Sandy shows that 1,830 consumer complaints have been filed from 381,827 Sandy-related claims —...
Wildfire Risk High in 2013 Due to Warm Weather, Drought, Warn Insurers
Jan 24 2013 // With a mild winter, relatively warmer weather in general, and drought conditions expected to continue in 2013, the Insurance Institute for Business & Home Safety (IBHS) is urging home and business owners to take action...
Insurer Using Imaging Technology to Spot Home Hazards Before They Cause Damage
Jan 24 2013 // A new imaging technology being deployed by Fireman’s Fund Insurance Co. can help reduce the risk of catastrophic damage, injury and loss of life due to fire. It can also spot potential water damage to homes and...
Texas Chiropractor Pleads Guilty to Defrauding Auto Insurers
Jan 24 2013 // A Bryan, Texas, chiropractor has entered a plea of guilty to engaging in a conspiracy to defraud various automobile insurance companies of more than $3 million, according to United States Attorney Kenneth Magidson. Chase...
Insurance Journal Co-Sponsors Agency Research Project
Jan 23 2013 // Channel Harvest Research, in partnership with Insurance Journal, has launched a major new study in the independent agency system, probing agents’ attitudes toward insurance carrier relationships and, in particular,...
P/C Insurers See ORSA Value to Their Business: Survey
Jan 23 2013 // Many property/casualty insurers are beginning to implement pending Own Risk and Solvency Assessment (ORSA) regulatory requirements in advance of their 2015 effective date and finding the process can be a valuable business...
Ohio Health Insurance Company Sues State, Feds
Jan 23 2013 // An Ohio health insurance company is suing state and federal officials over confusion in rules for a program for patients with pre-existing conditions. At issue is a high-risk insurance pool created by President Barack...
MMIC-Backed Constellation to Partner with Medical Liability Insurers
Jan 22 2013 // Constellation, a mutual holding company, has been formed by medical liability company, MMIC, to enable physician-owned medical liability companies to band together for common benefit. Constellation is based in Minneapolis,...
Report: Insurers Boost California Economy $29.4B
Jan 18 2013 // Insurers directly contributed $29.4 billion to California’s 2010 gross state product, or for 1.6 percent of the state’s GSP, according to the report issued on Friday by the Insurance Information Network of...
Vermont Licensed 32 New Captives in 2012
Jan 18 2013 // Vermont licensed 32 new captives in 2012 — finishing with strong showings by the construction and manufacturing sectors which each had five new licensees, according to data released on Jan. 16 by the Vermont Captive...
Florida Audit Says Citizens’ Travel Expenses Excessive; Governor Orders Reform
Jan 18 2013 // A review by Florida’s chief inspector general contends that employees at the state-created Citizens Property Insurance racked up excessive travel expenses over an eight-month period. Florida Gov. Rick Scott ordered a...
N.J. Bill Would Require Homeowners Insurers to Provide Policy Summary
Jan 17 2013 // The New Jersey Assembly’s financial institutions and insurance committee gave approval Monday, Jan. 14, to a recently introduced bill that seeks to make it easier for homeowners to understand what their policy covers...
