Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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...
Willis Re Reports on Mutual Insurers’ Diversification Challenges, Opportunities
May 3 2012 // Willis Re, the reinsurance arm of Willis Group Holdings, has released a report discussing the challenges and opportunities offered to mutual insurers through diversification, subtitled “Navigating the Pitfalls in...
Oklahoma Shopping Center Sues Insurer, Metal Plant, Others
May 2 2012 // The owner of a Muskogee, Okla. shopping center damaged during a deadly explosion seven years ago has sued a scrap metal plant. An insurance company, an engineering company and a claims and appraisal firm also are named as...
New York Proposes New Rule to Crack Down on No-Fault Insurance Fraud
May 2 2012 // New York State regulators are expanding their effort to stop no-fault auto insurance fraud. The New York Department of Financial Services announced on Tuesday a new draft regulation, Regulation 68, that would make it...
Survey: Agencies Seek Carrier Help to Expand into New Niches
May 2 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...
Geneva Association Reminds Federal Reserve Insurers Aren’t Banks
May 2 2012 // The Swiss-based insurance think tank Geneva Association has followed up on its recent report as to whether or not some insurers should be considered as G-SIFI’s (globally systemic important financial...
Court Reverses Mississippi Award Over ‘Negligent’ Flood Policy Advice
May 1 2012 // An insurance company selling federal flood insurance has won a case against a Mississippi homeowner who claimed the insurer was negligent in not informing him that he was eligible to buy a preferred risk policy with more...
Fewer Auto Insurance Buyers Shopping But More Switching Carriers: J.D. Powers
May 1 2012 // The auto insurance shopping rate has reached the lowest point in the past five years, with only 25 percent of insurance customers indicating they shopped for a new insurer in the past 12 months, down eight percentage...
Shipping Exec: India’s State Insurers to Provide $50 Million Cover for Iran Oil Buy
May 1 2012 // Indian state-run insurers have agreed to give limited cover to local ships for carrying Iranian oil, helping the energy-hungry country import reduced volumes from sanctions-hit Tehran from July, a Shipping Corp of India...
Judge: Montana City Must Pay $3M Judgment To Insurance Company In Lawsuit
Apr 30 2012 // A state judge has ruled the city of Bozeman in Montana must repay its insurance company the $3 million it paid after the city lost a lawsuit filed by a developer. Developer Mike Delaney sued the city in 2003 alleging the...
