Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Keystone Insurers Group Adds 2 Georgia-Based Agencies
Dec 20 2012 // Keystone Insurers Group announced the addition of two independent agencies in Georgia to its franchise business for a total of 10 in the state. The new franchise partners are Jowers-Sklar Insurance and The Harbin Agency....
56 Insurance Carriers Deemed High Performers in Texas Work Comp System
Dec 20 2012 // Texas workers’ compensation system regulators report that 56 insurance carriers have been deemed high performers in the system. Announcing the results of the fourth Insurance Carrier Performance Based Oversight...
OSHA Cites Postal Service in Missouri Carrier’s Death
Dec 20 2012 // Federal regulators have proposed a $70,000 fine against the U.S. Postal Service in the death of a mail carrier who had complained about feeling ill from the heat. The Occupational Safety and Health Administration announced...
Carriers ‘Uncertain’ About California Workers’ Comp Reform
Dec 19 2012 // Editor’s Note: This is the fourth in a series of articles to look at California’s workers’ compensation reform law, which takes effect Jan. 1, 2013. Insurance carriers, along with the many stakeholders...
Atlanta Hospitals to Form Own Insurer
Dec 19 2012 // Two of Atlanta’s largest hospital systems have announced plans to form their own insurance company. The Atlanta Journal-Constitution reported that Piedmont Healthcare and WellStar Health System have announced plans...
N.J. Regulators Offer Tips on Managing Settlement Process Post-Sandy
Dec 18 2012 // New Jersey Department of Banking and Insurance Acting Commissioner Ken Kobylowski is offering advice to consumers in an effort to help explain the Sandy claims process. The regulator said that so far, more than 458,000 New...
Praetorian Offers to Lower Florida Forced-Placement Rates by 18.8%
Dec 18 2012 // A forced placement mortgage property insurer providing coverage in Florida has offered to lower its rates by an average of 18.8 percent, despite the fact that state regulators said the rate decrease should be double that...
IIF Report Concludes Capital Curbs on Insurers Will Add to Government Burden
Dec 18 2012 // Proposed curbs on insurers aimed at preventing a repeat of AIG’s 2008 taxpayer bailout could raise the cost of insurance, making more people dependent on the state, a finance sector lobby group said. “As...
P/C Insurance Analysts’ Expectations Climbing: Accenture
Dec 18 2012 // Although returns-on-equity for the property/casualty insurance industry are lagging in the mid-to-upper single-digit range, equity analysts expect companies they recommend with “Buy” ratings to garner returns...
Commentary: Sandy Shows Social Media is Practically Made for Insurers
Dec 17 2012 // In the days before Superstorm Sandy, there were many questions. When and where would it arrive, and what kind of destruction would it bring? Later these questions were replaced with others: were friends and family OK? How...
PCI Responds to IAIS Proposals; Urges ‘Freedom to Structure Co. Operations’
Dec 17 2012 // The Property Casualty Insurers Association of America (PCI) has issued a statement urging the International Association of Insurance Supervisors (IAIS) “to better target its proposed ‘policy measures’ for...
Geneva Association’s Response to IAIS Policy Report Urges Caution
Dec 17 2012 // International insurance think tank, The Geneva Association, published its response to the International Association of Insurance Supervisors’ (IAIS) public consultation, Proposed Policy Measures for Global...
Best Special Report Focuses on Asia-Pacific Insurers Cat Loss Challenges
Dec 17 2012 // A special report from A.M. Best analyzes the “reduced frequency of large-scale catastrophes through November 2012, which, Best said, has “helped Asia-Pacific non-life insurers to slowly recover from losses...
E&O Insights: Placing Business with New Markets? Proceed with Your Eyes Open
Dec 17 2012 // New entrants into the insurance industry are often triggered by the market showing signs of hardening. After all, these “newbies” have a better chance of securing a healthy rate by not having to pay for...
Double-Digit Returns Absent From Year-End, 2013 Financial Forecasts
Dec 17 2012 // 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...
Florida’s Citizens Cancels Surplus Loan Plan; CEO Questions Depopulation Methods
Dec 14 2012 // Officials of Florida’s policyholder-back insurer have decided not to pursue a plan to loan private insurers part of its surplus in exchange for removing policies citing the fact that as currently envisioned no...
Bank of America Sues Bond Insurer MBIA Over Tender Offer
Dec 14 2012 // Bank of America Corp. has sued bond insurer MBIA Inc. in a New York state court for allegedly interfering with a tender offer to buy MBIA’s bonds. At issue is a change MBIA sought to make to the terms of some bonds...
P/C Insurers’ Capital at ‘Historically High’ Levels: Fitch
Dec 14 2012 // Fitch Ratings has maintained its stable outlook for both the commercial and personal lines sectors of the U.S. property/casualty insurance industry. Insurers have withstood less favorable underwriting and economic...
Louisiana Medical Professional Liability Insurer Announces 10% Dividend
Dec 13 2012 // Louisiana Medical Mutual Insurance Co. (LAMMICO), based in Metairie, announced a sixth consecutive dividend for all LAMMICO policyholders in Louisiana and Arkansas. The announcement affects just over 6,000 policyholders,...
Louisiana Last Resort Insurer Weighing Options to Close Budget Gap
Dec 13 2012 // Louisiana’s state-run property insurer of last resort is considering ways to close its multimillion-dollar budget gap, and either option would lead to increased costs to homeowners covered by traditional insurance...
