Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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...
Florida Cabinet Approves PIP Benefit Rule Sought by Insurers
Dec 13 2012 // Florida officials have approved an emergency rule that will allow auto insurers providing no-fault coverage to use a form informing accident victims of their benefits under the state’s revised personal injury...
Commentary: Lessons From Recent Decisions on Bad Faith Litigation
Dec 12 2012 // A rising tide of first-party bad faith decisions is defining the contours of the bad faith cause of action. Recently, three courts have found first-party insurance companies liable for bad faith claims handling. However,...
Geneva Association Analysis Compares 28 Banks’, Insurers’ Systemic Risk
Dec 11 2012 // International insurance think tank, The Geneva Association has published a cross-industry analysis comparing the named 28 Global Systemically Important Banks (G-SIBs) to 28 of the world’s largest insurers on...
Sandy to Have Only Limited Impact on Insurer Ratings: S&P
Dec 11 2012 // Despite uncertainties regarding final loss totals from Hurricane Sandy, Standard & Poor’s Ratings Services said it expects only a limited ratings impact on insurers and reinsurers exposed to such losses,...
Ohio Auto Salvage Bill Pits Industry Against Insurers
Dec 10 2012 // Ohio’s salvage industry says proposed state legislation that would open the auto salvage auction market to unlicensed buyers could cost up to 2,500 salvage jobs and eliminate consumer protection. Opponents of Senate...
Commercial Insurers Continue Raising Rates, Improve Loss Ratios: Towers Watson
Dec 10 2012 // Commercial insurance prices in aggregate increased by six percent during the third quarter of 2012, the seventh consecutive quarter that aggregate prices for all commercial lines rose. The latest Commercial Lines Insurance...
Alabama Insurer Alfa Seeks to Reverse Business Decline
Dec 10 2012 // The new president of the Alabama Farmers Federation and Alfa Insurance is fine with where the sister organizations are politically. It’s the huge drop in insurance customers he wants to change. Chilton County farmer...
Texas Wind Insurer: Agent Login Will Change Dec. 13
Dec 7 2012 // The Texas Windstorm Insurance Association is advising agents that the web address for its E-Quote login will change on Dec. 13, 2012. The old login address, https://quote.twia.org/twia/do/login, for use prior to Dec. 13,...
