Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Farmers Raises Rates in Alabama; Pulls Wind Coverage on Coastal Rental Policies
Aug 2 2012 // One of Alabama’s largest homeowners’ insurers is raising rates on property insurance by as much as 35 percent per policy while dropping some 2,900 rental properties along the state coastline as part of plan to...
Prop. 33 Proponents: Ballot Writers Don’t Understand Insurance Industry
Aug 1 2012 // As proponents of California Proposition 33 await a hearing on a lawsuit they filed to change some wording in voter guide statements for the upcoming November election, they’re hoping to avoid the damage that could be...
N.J. Chiropractor Charged With Stealing $89K Through False Claims
Aug 1 2012 // New Jersey officials announced that a local chiropractor was charged with stealing more than $89,000 from insurance companies by submitting false claims for alleged treatments on more than 30 patients who were involved in...
Va. Motorist Settling Lawsuits in W.Va. Festival Death; Insurer Will Pay $500K
Aug 1 2012 // A Virginia driver who crashed into a tent filled with sleeping women at a West Virginia music festival last summer wants to settle three wrongful death and personal injury lawsuits. Documents filed in U.S. District Court...
What to Know About the New Flood Insurance Program
Jul 31 2012 // If it were a dam or a levee, it would have been replaced ages ago. Yet the National Flood Insurance Program (NFIP) has stayed afloat despite a regular leaking of funds since its inception in 1968. The much-needed,...
Insurance Company Sues Helena Diocese
Jul 31 2012 // An insurance company says it didn’t sell policies to the Helena-based Catholic Diocese of Montana and is not responsible for covering costs involved in defending former nuns and priests accused of child abuse ranging...
Citizens Says No to Higher Rates on New Business; Approves 8.9 Percent Rate Hike
Jul 31 2012 // Officials of Florida’s state policyholders-backed insurer turned away from several controversial plans that would have raised rates on new policies above current policyholder rates and implemented a cap on water...
Missouri Helps Collect $5M for Consumers in First Half 2012
Jul 27 2012 // Missouri insurance regulators report their efforts are helping consumers to receive more than $5 million in additional insurance claims payments in first half of 2012. Consumers will receive an additional $5.1 million in...
Rejected Emails Cause Headaches for Texas Insurance Regulators
Jul 26 2012 // The Texas Department of Insurance recently was inundated by hundreds of emails regarding homeowner insurance rates, and the department now has the task of finding out why the majority of them were rejected by...
Florida Regulators Question State Farm’s 57% Rate Hike for Landlords
Jul 26 2012 // Florida regulators are expressing concern over a State Farm Florida proposed statewide average 57.3 percent rate hike in insurance rates for landlords that will result in higher premiums while the insurer continues not to...
Insurance Associates Launches F&W Insurance Company
Jul 24 2012 // Boulder, Colo.-based Insurance Associates Inc. announced it opened a newly formed company, F&W Insurance. F&W Insurance was established to meet the insurance and risk management needs of Colorado’s emergency...
New York Licenses First Mutual Bond Insurer for U.S. Municipal Market
Jul 24 2012 // New York State’s Department of Financial Services announced this week that it has licensed Build America Mutual Assurance Company (BAM) to operate as the first mutual bond insurer serving the U.S. municipal market...
Costs Driving Changes, Opportunities in New World of Benefits Brokerage
Jul 24 2012 // Group health insurance brokerage is changing but the changes are not primarily due to Congress or the courts. Rather the changes are being driven by costs — the cost of healthcare coverage and the cost of serving...
Insurers Urge Incentives for States to Adopt Stronger Building Codes
Jul 24 2012 // Property/casualty insurers are backing a measure in Congress to incentivize states to adopt stronger building codes. The National Association of Mutual Insurance Companies (NAMIC) told members of a House panel today that...
North Carolina Property Insurance Reform Law Comes Up Short
Jul 24 2012 // North Carolina’s property market problems are well known but thus far answers remain elusive even after lawmakers approved a bill that does little more than what one industry expert said, “just stuck more...
China Drafts Rules for Insurers to Raise Private Equity Stakes; Trade Derivatives
Jul 24 2012 // China plans to double the amount insurers can invest in private equity and allow them to trade financial derivatives both at home and abroad as part of efforts to broaden their investment scope, according to a set of draft...
Crop Insurers Can Handle Midwest Drought Losses: Fitch
Jul 23 2012 // Analysts at Fitch Ratings say they believe the leading writers of crop insurance will be able to absorb any near-term crop losses from the current drought in the Midwest. Fitch said the insurers are likely to maintain...
Sprint Offers Usage-Based, Driver Tracking Service for Insurance Industry
Jul 23 2012 // Communications firm Sprint has begun selling driver tracking services to auto insurers. Sprint said its integrated, end-to-end usage-based insurance (UBI) services is designed specifically for the auto insurance industry....
Flood Risks Rampant across Asia’s Factory Zones; Insurers Concerned
Jul 23 2012 // Global insurance companies are struggling to get a grip on their flood exposure in Asia nearly a year after one of the world’s costliest disasters hit Thailand, with executives fearing an even worse event may strike...
Iran Investment Bill Well-Intentioned, But Unconstitutional
Jul 23 2012 // In a May 7 speech during her visit to India, Secretary of State Hillary Clinton said that the principal threat to the world is a nuclear-armed Iran because Iran is a state sponsor of terrorism. It is understandable that...
