Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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...
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...
