Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Staying Positive: Premium Growth Levels Not Seen Since 2006
May 21 2012 // Property/Casualty Direct Premium Growth – Year-End 2011 Versus Year-End 2010 Despite the economic uncertainties, for the year ending Dec. 31, 2011, property/casualty insurance companies in total increased direct...
Let the Games Begin
May 21 2012 // Insurance Coverage for the 2012 Olympic Games Is a Herculean Task Before the 2012 Olympic Games open in London on July 27, the city will already have experienced an unprecedented round of preparations, notably the...
Survey: Agencies Seek Carrier Help to Expand Into New Niches
May 21 2012 // The challenges of today’s economy appear to be driving some independent agents into new niche insurance markets and product lines. Almost 60 percent of independent agents say they have begun to or plan to expand into...
The Cost of Duplicate Regulation
May 21 2012 // Multistate Regulation Hikes Commercial Insurers’ Expenses and Premiums by 26% Buyers of commercial liability insurance pay on average 26 percent more in insurer expenses if their insurance company has to comply with...
New York Hearings on ‘Forced’ Insurance in Foreclosure
May 20 2012 // Premiums for so-called force-placed insurance have more than tripled since 2004, producing enormous profits for insurers and the banks that take out policies when a homeowner fails to maintain coverage required by the...
Florida’s Citizens Defends Plan to Consider Higher Rates on New Business
May 18 2012 // Facing protests from consumers and state officials, Florida’s state-run homeowners insurer has found itself defending a proposal to increase rates for new customers above a legislative cap placed on current...
New York Rule Says Insurers Must Seek Beneficiaries
May 16 2012 // Insurers doing business in New York are now required to regularly search a government list of recent deaths to identify policyholders, then find and pay beneficiaries even when no claims are made. New York State Department...
Medical Liability Insurers Look Strong Now But Face Difficulties Ahead: Fitch
May 11 2012 // The medical professional liability insurance (MPLI) market continues to stand out as a relatively strong corner of the U.S. property/casualty business, with recent underwriting performance remaining favorable, according to...
Judge to Insurer: Pay Legal Fees in Pending Insider Trading Fraud Case
May 11 2012 // A federal judge said during a court hearing in New York on Thursday he is prepared to order an insurance company to keep paying the legal fees of several former hedge fund managers and traders caught up in an insider...
New York Fines 15 Insurers Over Mental Health Notices
May 10 2012 // New York regulators have fined 15 insurers $2.7 million for failing to notify small businesses they were eligible to buy special coverage for mental illnesses and children with serious emotional...
Verizon Sets Up Captive Insurer in N.J.; State Now Has 4 Captives
May 8 2012 // New Jersey officials announced this week that the state approved a captive insurance company for telecommunications services giant Verizon Communications Inc. The new captive, called Exchange Indemnity Company New Jersey...
Duplicate Regulation Drives Up Commercial Premiums, Says Iowa Researcher
May 8 2012 // Buyers of commercial liability insurance pay as much as 31 percent more in insurer compliance costs if their insurance company has to comply with regulations from multiple states instead of just a single regulator,...
California Workers’ Comp Reform Taking Shape – Again
May 7 2012 // At a recent joint hearing in Sacramento on workers’ compensation in California with the Assembly and Senate, statistic after statistic flew out of the mouths of speaker after speaker during the nearly four-hour...
West Insurance Employment: California Job Market to Stay Soft
May 7 2012 // The phrase “Go west young man,” may not apply so well to the insurance industry in the nation’s most populous state. An examination of Bureau of Labor Statistics and Economic Development Department data...
2012 Super Regional P/C Insurers™
May 7 2012 // Demotech Inc. Reveals Leading Multi-State P/C Carriers The original criteria and objective definition for Super Regional P/C Insurersª was established in the Feb. 12, 2007, issue of Insurance Journal. Prior to the...
Southeast Agency, Carrier Plans Brighten Jobs Picture
May 7 2012 // Those interested in new or better positions in insurance might want to grab their suntan lotion and head to the Southeast. They might also want to brush up on their Spanish. The unemployment rate remains higher in key...
Southeast Agencies, Carriers Now Hiring
May 7 2012 // Here is some of the positive insurance employment news for the Southeast: Allstate In February, Allstate Insurance announced it was looking to appoint 124 new agency owners in Alabama, Georgia, North Carolina and South...
Florida Governor Signs Long-Awaited Auto Insurance Anti-Fraud Bill
May 4 2012 // Florida’s decade long attempt to reform the state’s automobile no-fault insurance law has finally paid off. Gov. Rick Scott, flanked by rows of law enforcement officials and state officials, signed into law...
Best Affirms Fairfax Financial and Most Subs Ratings
May 4 2012 // A.M. Best Co. has affirmed the issuer credit rating (ICR) of “bbb” and the unsecured debt and preferred equity ratings of Fairfax Financial Holdings Limited. Best also affirmed the financial strength rating...
C.M. Meiers Legal Battle Goes On, Allegations Heat Up
May 3 2012 // With a quote from former president Ronald Reagan, an emergency motion from a sex toy business and increasingly acerbic accusations, the legal battle between the new and old owners of bankrupt agency C.M. Meiers continues...
