Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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...
Lucky Or Smart? Experts Weigh-In On P/C Industry’s Sandy Impact
Feb 7 2013 // At least one industry analyst says that good risk management is protecting insurers as they face a new normal level of catastrophe losses. Other experts believe luck is playing a bigger role than skill. Speaking at the...
N.J. Announces New Captive Insurer; 8 Captives Approved Since 2011
Feb 7 2013 // The New Jersey Department of Banking and Insurance announced Wednesday that the department approved Lumerica Insurance Company, a subsidiary of BASF Americas Corporation, to operate as a captive insurer in New Jersey. The...
Debate Over Terrorism Insurance to Be Renewed
Feb 6 2013 // Bipartisan legislation filed yesterday in the House of Representatives promises to renew the federal terrorism reinsurance program and the debate about whether the backup program is necessary. Introduced by Reps. Michael...
Workers’ Compensation Insurer MEMIC Expanding to Florida
Feb 6 2013 // Portland, Maine-based workers’ compensation insurer The MEMIC Group said it will open its first office in Florida in the second quarter of 2013. MEMIC President and CEO John T. Leonard said the company’s plan...
New York Recruiting Insurers for Health Benefit Exchange
Feb 5 2013 // New York has started recruiting insurance companies to provide coverage through the New York Health Benefit Exchange created under national health care reforms. The exchange says that plans must provide comprehensive...
Florida Report Cites Citizens’ Outside Vendors, Claims Handling
Feb 4 2013 // Florida regulators have released a report into Citizens Property Insurance Corp., finding that the state-backed company failed to sufficiently negotiate outside vendor contracts and review travel and other expenses, while...
Obama Offers Compromise on Birth Control Insurance Coverage
Feb 4 2013 // The Obama administration on Friday sought to settle a dispute with religious leaders over whether employees at faith-affiliated universities, hospitals and other institutions should have access to health insurance coverage...
