Latest Carriers Headlines

All the headlines from our Carriers Topic Page, ordered by recency.

Say Something Nice About Florida Insurance

Mar 19 2012 // Even though there are many problems to be resolved, at least they are out in the open and are being discussed, not buried in some political jargon and dismissed. If we could just get the PACs out of the way… The...

Report: Arizona P/C Insurers See Premiums Written Fall, Losses Rise

Mar 19 2012 // A report on Arizona’s property/casualty insurers issued recently shows a drop in written premiums to $7.4 billion, and a large increase in losses incurred to $6.4 billion for 2010. The report, from the Arizona...

Missouri Workers’ Comp Insurer Scrutinized

Mar 19 2012 // Missouri state senators are looking at making changes to a state-created insurance company after an audit criticized the firm’s operations and expenses. State Auditor Tom Schweich wants lawmakers to investigate...

E&O Insights: What to Consider When Buying or Selling an Agency

Mar 19 2012 // There is a tremendous amount of mergers and acquisitions activity going on in our industry. Every day, insurance news providers report on insurance acquisitions. The big agencies are not only getting bigger, they seem to...

Global Warming Litigation Ruling in Favor of Insurers Vacated

Mar 19 2012 // What Does This Mean? As if times weren’t uncertain enough, the Virginia Supreme Court issued a ruling on Jan. 17, 2012, vacating its Sept. 16, 2011, opinion in Steadfast Insurance Co. v. The AES Corp. and granting a...

Auto Insurance Discount Initiative May be Gaining Bipartisan Endorsement

Mar 16 2012 // The backers of an automobile insurance persistency initiative are making steps to gain bi-partisan support for their proposition, which is slated for California’s Nov. 6 ballot and a possible showdown with what would...

Allianz Teams with Experts to Assess Climate Change Impact on Insurers

Mar 15 2012 // Europe’s largest insurer, Germany’s Allianz SE, posed the following question: “How does climate change affect the business model of a large insurance company?” In order to find the answers Allianz...

Catastrophe Frequency, Tornadoes Test Insurers in U.S.: A.M. Best

Mar 15 2012 // According to A.M. Best Co., the frequency of catastrophe weather events represents the “new normal” for the insurance industry. “The insurance industry continues to be tested as catastrophic weather...

Idaho House: Private Insurers Should Set Up Exchange

Mar 14 2012 // Idaho House members voted 49-13 to encourage private insurers to establish their own health insurance exchange, rather than having federal or state governments set one up as envisioned by the 2010 federal health care...

ABI Warns UK Homeowners of Subsidence Risks from Drought

Mar 14 2012 // The Association of British Insurers (ABI) is urging homeowners not to worry unnecessarily, but to be aware of the ongoing drought conditions currently afflicting the UK. The extremely dry weather, with little or no...

After Failure, MetLife Criticizes Federal Reserve Stress Test As Flawed for Insurers

Mar 13 2012 // Citigroup and MetLife led a list of financial institutions that failed the Federal Reserve’s latest round of stress testing Tuesday, a shock result for two companies that were widely expected to return billions of...

Tetrault Named Counsel for Insurer Group NAMIC’s State, Policy Affairs

Mar 13 2012 // The National Association of Mutual Insurance Companies (NAMIC) has named Paul Tetrault to the position of state and policy affairs counsel. Tetrault has served as Northeast state affairs manager for NAMIC for more than six...

Talbot, Abu Dhabi Insurer End Joint Venture; Continue Commitment

Mar 13 2012 // Talbot Underwriting, Ltd., a wholly owned subsidiary of Validus Holdings, and Abu Dhabi National Insurance Company (ADNIC), a prominent insurance company in the UAE, announced today that they are ceasing their Joint...

Florida’s Citizens Assessment Rate to Change Under New Law

Mar 12 2012 // Florida lawmakers have approved a bill that reduces the assessment rate of the state-run property insurer to give policyholders more time to retire deficits. The bill would also reduce the financial pressure on the...

Insurance Company Asks: Do Powell Siblings Get Money?

Mar 9 2012 // A life insurance company has asked a judge to decide whether any of Josh Powell’s relatives are entitled to collect on a $1.5 million policy after he killed himself and his two sons in a Washington house fire last...

Nebraska Medical Liability Insurer Adds Staff, Announces Promotions

Mar 9 2012 // Preferred Professional Insurance Company (PPIC), an Omaha, Neb.-based Catholic-owned medical liability insurance firm, has hired Patti Hiemer as the company’s accounting clerk and made a number of staff...

Captives Bring Premium Dollars and Jobs to Missouri

Mar 9 2012 // When it comes to the captive insurance industry, slow and steady growth is just fine with the state of Missouri. But it’s not like the state is reluctant to encourage captives to form or relocate there. Far from...

Missouri Senators Look at Changes to Workers’ Comp Insurer

Mar 8 2012 // Missouri senators are looking at changing a state-created insurance company after an audit criticized the firm’s operations and expenses. State Auditor Tom Schweich called for the legislature to investigate whether...

Portland Sues Former Insurance Company Over Claims

Mar 8 2012 // Portland is suing a former insurance carrier for $1.5 million in legal defense costs for claims involving nine employees. The city says the ICSP company refused to pay costs that exceeded the city’s $1 million limit....

Portland Sues Former Insurance Company Over Claims

Mar 7 2012 // Portland is suing a former insurance carrier for $1.5 million in legal defense costs for claims involving nine employees. The city says the ICSP company refused to pay costs that exceeded the city’s $1 million limit....