Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
TDI: Pre-Dispute Binding Arbitration Clauses Unfair to Policyholders
Jan 16 2013 // Pre-dispute mandatory binding arbitration provisions in insurance policies may be on their way out in Texas if state insurance regulators proceed with a plan to ban them. The Texas Department of Insurance has informed...
PCI Urges ‘Further Dialogue’ before IAIS Applies ‘Too Big to Fail’ Rules to Insurers
Jan 16 2013 // On January 14 the Property Casualty Insurers Association of America (PCI) participated in a discussion with the International Association of Insurance Supervisors (IAIS) Financial Stability Committee on policy measures...
Utah Man Accused of Killing Officer Sues Insurer
Jan 15 2013 // An Ogden man accused of killing a police officer during a drug raid at his home is suing his insurance company over its rejection of his homeowner’s damage claim stemming from the shootout. Matthew Stewart, in his...
Number of Insurers Based in Texas ‘Average’ Compared to Size of Market
Jan 14 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...
New Generali Boss Promises ‘Revolution’ at Italian Insurer
Jan 14 2013 // Mario Greco, the new boss of Europe’s 3rd largest insurance group, Italy’s Generali, has vowed to boost operating profit by a quarter via an ambitious turnaround strategy that focuses on “value over...
2013 Insurance Industry Meetings & Conventions Directory
Jan 14 2013 // JANUARY P/C Insurance Joint Industry Forum Jan 15 Waldorf Astoria Hotel, New York, NY Insurance Information Institute www.iii.org 2013 Big ‘I’ Winter Meeting Jan 16-20 The Westin Mission Hills Resort & Spa,...
P/C Direct Premium Written Up 4% Through Third Quarter 2012
Jan 14 2013 // The direct premium growth for property/casualty insurance companies continues to be encouraging. Overall, P/C insurance companies continued to serve their clients during catastrophic events, difficult economic conditions...
North Carolina Insurers Split Over Auto Insurance Rate System
Jan 14 2013 // A divided auto insurance industry will try again this year to change a unique regulatory system in North Carolina, which enjoys some of the lowest rates in the country. The industry will use the argument that average costs...
No Champagne
Jan 14 2013 // Officials at Florida’s Citizens Property Insurance have dropped a plan to loan money to private insurers in exchange for these insurers taking some of the state-backed insurer’s policies. It turns out that...
Worker’s Comp Reforms, Portable Persistency Top West’s 2012 Headlines
Jan 14 2013 // Dec. 21, 2012 came and went and the apocalypse was so lackluster as to be forgotten among the year’s myriad headlines. Now that we are all well and good, and past doomsday, here are Insurance Journal’s best...
Attorney Behind $43M Award for Ohio Agent Against Nationwide to File Class Action
Jan 14 2013 // An Ohio law firm that represented a former Nationwide Insurance agent for a $42.8 million jury verdict is getting ready to file a class action against the insurer “in the near future.” Attorney Caryn Groedel...
Governments Struggle with Financial Crisis as the Planet Warms up
Jan 11 2013 // The global economy has been through economic recessions before, and has eventually recovered from them. This time around, however, it must do so while coping with the ever increasing menace of climate change – that makes...
Double-Digit Returns Absent From Year-End, 2013 Financial Forecasts
Jan 11 2013 // Although analysts following the property/casualty insurance industry expect underwriting results for 2012 to be better than 2011 when full-year numbers are tallied, double-digit overall returns-on-equity are still not...
Surplus Lines Regulatory Picture for 2013
Jan 10 2013 // State implementation of the Nonadmitted and Reinsurance Reform Act (NRRA), effective July 21, 2011, proceeded relatively smoothly during 2012, albeit with a few hiccups as industry and regulators navigated the transition...
Tennessee’s BOA Insurance Joins Keystone Insurers Group
Jan 9 2013 // Burchfiel Overbay & Associates Insurance Agency of Sevierville, Tenn., operating as BOA Insurance Agency, is now a partner to insurance broker Keystone Insurers Group. The agency is Keystone’s 18th franchise...
U.S. Insurers Should Be Stable in 2013, Says S&P
Jan 9 2013 // U.S. insurance sectors are generally poised for stable credit trends in 2013, resulting from strong balance sheets, a stable business climate, and improved enterprise risk management, according to Standard &...
Louisiana Pie Maker Sues Fire Suppression Company, Insurers
Jan 8 2013 // New Orleans pie maker, Simon Hubig Co. Inc., whose Louisiana plant was destroyed in a blaze six months ago, has sued the Kenner company that created and maintained its fire suppression system. The Times-Picayune reported...
Skelton-Morris Joins Keystone Insurers in Georgia
Jan 8 2013 // Skelton-Morris Associates, a Hartwell, Ga.-based insurance agency, is the eleventh Keystone Insurers Group partner in Georgia. Skelton-Morris Associates has offices in Toccoa, Ga., Lavonia, Ga., and Anderson, S.C. The...
After the Storm: Insurance Agents E&O Lessons Learned
Jan 8 2013 // More often than not, a second wave of claims against insurance agents by their clients follows a natural disaster. As parties find themselves without the coverage they expected after a catastrophe, it appears to be a...
Keystone Insurers Group Appoints VP in Pennsylvania
Jan 4 2013 // Keystone Insurers Group has appointed Julie Webb as its Pennsylvania state vice president. Webb has spent the majority of her career with GEICO (Government Employees Insurance Company), where she served as underwriting...
