Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
P/C Insurers Face Obstacles on Road to Hard Market
Mar 5 2012 // With interest rates low and looking like they will stay low for some time, property/casualty insurance companies will have to focus on making their profit on underwriting rather than on investments. However, P/C insurers...
Survey: 51% of Insurers Expect to Increase Staff in 2012
Mar 5 2012 // A new study says 51 percent of the insurance carriers recently surveyed expect to increase staff in the next 12 months. However, it’s not all good news: the survey also found that 19 percent of the carriers expect to...
There’s an App for That: Mobile Phone Quoting
Mar 5 2012 // Don’t be surprised if in the not-too-distant future on a television commercial you see Flo, adorned in her white apron, drop her price scanner and pick up a smartphone, on which she takes a picture of a...
Insurers Face Huge Losses from Latest Deadly Tornadoes
Mar 3 2012 // Less than a year after a series of tornadoes caused some of the worse insured losses in U.S. history, the insurance industry is likely facing substantial costs again after storms killed at least 33 people on...
Iran Ship Insurer Vows to Pay Western Claims Despite Sanctions
Mar 2 2012 // Tough new U.S. sanctions against Iran are raising concern that the OPEC member’s insurers may not be able to pay Western claims in the event of an accident, but Iran’s main ship insurer said it is confident it...
Report: Arizona P/C Insurers See Premiums Written Fall and Losses Rise
Mar 1 2012 // A report on Arizona’s property/casualty insurers issued on Thursday 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...
Health Insurer Anthem Loses Appeal to Maine Supreme Court
Mar 1 2012 // The Maine supreme court has rejected health insurer Anthem’s claim that it has a right to a 3-percent profit and risk margin when setting individual health insurance premiums. Maine’s insurance superintendent...
Carriers Settle Lawsuit Vs. OC Register For $30M
Mar 1 2012 // Thousands of newspaper carriers have settled their class-action lawsuit against the Orange County Register for a total of $30 million. The carriers alleged that the Southern California newspaper’s parent company...
Insurance Journal Co-Sponsors Study on Agents’ Views on Carriers
Mar 1 2012 // Channel Harvest Research, in partnership with Insurance Journal, has launched a major new study on the Independent Agency System, probing agents’ attitudes toward property/casualty insurance carrier relationships...
Florida May Change Citizens’ Policyholder Assessments
Feb 28 2012 // Funding for the Florida’s state-run property insurer is likely to change as state lawmakers are looking to access the insurer’s total assessment base quicker and give it more time to collect funds in the event...
North Carolina Farm Bureau to Raise Homeowners’ Rates, Drop Policies
Feb 27 2012 // North Carolina’s third largest homeowners insurer is looking to reduce its exposure in the state by increasing rates and rolling back its policyholder numbers, citing steep increases in reinsurance costs. The North...
Insurer Sues Montana Over Asbestos Settlement
Feb 27 2012 // A Nebraska insurance company has filed a lawsuit against the state of Montana to recover $16 million that was used primarily to cover a sweeping financial settlement of asbestos-related claims from residents of the...
Florida Lawmakers Split on Workers’ Comp Drug Dispensing; Rate Cut Possible
Feb 27 2012 // Florida lawmakers appear headed toward a stalemate over how to rein-in the cost of physician-dispensed workers’ compensation prescription drugs. In an effort to force a deal, Senate lawmakers are calling for a...
AmWINS Transportation Underwriters Receives MGA Appointment for ‘A’ XV Rated Carrier to Underwrite Long Haul Truckers
Feb 27 2012 // Burlington, NC, 02/24/12 – AmWINS Transportation Underwriters is proud to be one of just five MGAs appointed with this ‘A’ XV rated carrier to underwrite this program, which targets above average for-hire...
Trial Date Set for Insurance Fraud with Ties to Frankel, Vatican
Feb 27 2012 // More than a decade after it was filed, a federal judge in Mississippi has set a tentative trial date in a lawsuit stemming from scams run by a notorious financier who looted $200 million from insurance companies and...
P/C Insurers Face Obstacles on Road to Hard Market
Feb 24 2012 // With interest rates low and looking like they will stay low for some time to come, property/casualty insurance companies will have to focus on making their profit on underwriting rather than on investments. However, P/C...
Bankers and Their Insurers Escape Big Penalties in FDIC Prosecutions
Feb 24 2012 // Like many banks engulfed by the mortgage crisis, First National Bank of Nevada specialized in risky home loans that didn’t require borrowers to prove their incomes. When the housing bubble burst, First National got...
Asia Insurer AIA Boosted by Surge in New Business
Feb 24 2012 // AIA Group Ltd, Asia’s No.3 insurer, reported a 40 percent rise in value of new business for its fiscal full year and growth in Thailand despite last year’s devastating floods, surprising analysts and sending...
Top Japan Insurer to Cut Coverage for Ships in Iran Under Sanctions
Feb 24 2012 // Japan’s main shipping insurer will only be able to provide a fraction of the coverage to tankers transporting Iranian oil under new European Union sanctions, officials said on Friday. Starting in July, European...
AIG Posts Huge Q4 Profit on Tax Benefit; Chartis Reports $348M Income
Feb 23 2012 // Bailed-out insurer American International Group reported a $19.8 billion profit for the fourth quarter, after an accounting change that allowed the company to record an enormous one-time benefit. The move, which sent the...
