Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
N.Y. Consumer Report Accuses Insurers of Needlessly Raising Rates
Dec 15 2011 // A new consumer advocacy report is accusing P/C insurers of ‘colluding’ and needlessly raising commercial insurance rates at a time when U.S. businesses are still reeling from the slow economy. The report,...
Judge Tosses JPMorgan Lawsuit Against Insurers
Dec 14 2011 // A JPMorgan unit cannot force insurers to pay a $250 million settlement between failed investment bank Bear Stearns and government regulators, a state appeals court in New York ruled on Tuesday. Reversing a trial court, the...
Mutual Insurers Pleased with FDIC Rule Clarifying Dodd-Frank
Dec 13 2011 // Mutual insurers are pleased with a new proposal that makes it clear they would continue under state regulation and not be governed by the liquidation provision of the new federal Dodd-Frank Act. The proposed rule issued by...
Willis Launches Global Insurance Placement Tool
Dec 13 2011 // Willis has announced the global launch of its insurance placement system, WillPLACE. The online tool was designed to help the broker place its clients with the most appropriate insurers. WillPLACE will let Willis gather...
S&P Sees ‘Highs and Lows’ for Canadian P/C Insurers
Dec 13 2011 // As 2011 winds down, Canadian property and casualty (P&C) insurers can “list some notable lows and highs during the year, including unusually large catastrophe losses from wildfires in Slave Lake, Alta., and...
Insurer of High-Value Homes Expands to Louisiana
Dec 13 2011 // Privilege Underwriters Reciprocal Exchange (PURE), which offers customized property and casualty insurance coverage to owners of well-built, high-value homes, announced it is expanding into Louisiana. PURE serves more than...
Insurer Group PCI Names Brown Florida Regional Manager
Dec 13 2011 // The Property Casualty Insurers Association of America (PCI) has named G. Donovan Brown its new counsel and regional manager for Florida. Brown takes on the government relations role at PCI after a decade in government and...
FEMA, N.Y. Officials Settle Dispute Over Flood Insurance Regulation
Dec 12 2011 // Federal Emergency Management Agency (FEMA) issued a new bulletin telling insurers that they should cooperate with state regulators on questions regarding federal flood insurance. There has been an ongoing turf battle...
First Nonprofit Names White President, CEO; Warth to Head Mutual Insurers
Dec 12 2011 // First Nonprofit Insurance Co. (FNIC), headquartered in Chicago, announced organizational changes. Philip Warth, chief executive officer of FNIC, is now chairman and chief executive officer of Mutual Insurers Holding Co.,...
How to Attract Carrier Attention on Program Business
Dec 12 2011 // Agents who use an organized, straightforward method when submitting program business to market will benefit by gaining faster response times from carriers and the potential to create new programs. Kenneth Robinette, of...
S&P Puts Allianz, Aviva, AXA, Generali, Mapfre Units, 10 Other EU Insurers on CreditWatch/Negative
Dec 12 2011 // Standard & Poor’s Ratings announced that it has placed its ratings on the following insurers (and certain related operating subsidiaries and certain holding companies) on CreditWatch with negative...
Florida Turns to Surplus Lines to Help Depopulate Citizens
Dec 9 2011 // Florida lawmakers are considering allowing surplus lines carriers to participate in the depopulation programs of the state’s largest homeowner insurer in an effort to reduce its policyholder rolls. Citizens Property...
UK Insurance Association: Solvency II May Help or Hinder EU Growth
Dec 9 2011 // Amidst all the turmoil in the euro zone, the implementation of the Solvency II regulations, governing the 27 members of the European Union, including the UK, grinds inexorably forward. It is a fact of life for British...
3 Small Insurers Placed into Receivership in Missouri
Dec 8 2011 // A Barton County, Mo., judge has placed a group of three small insurance companies into receivership, after claims from the Joplin tornado left the group insolvent, the Missouri Department of Insurance reported. Missouri...
70 Million Drivers Missing Out on Car Insurance Savings: Insurer
Dec 8 2011 // More than 70 million drivers in the U.S. potentially are leaving car insurance savings on the table by not taking advantage of usage-based insurance programs that reward drivers who drive safely and during safe times of...
Terrorism Risk Still a Concern in Insurer Ratings: S&P
Dec 7 2011 // Standard & Poor’s Ratings Services said it continues to view terrorism risk as a critical component in its assessment of an insurer’s financial strength, more than 10 years after the events of Sept. 11,...
P/C Insurers Lost 900 Jobs in October, Labor Department Data Shows
Dec 7 2011 // Property/casualty insurers lost 900 jobs overall in October, according to latest government data. But insurers in other segments did better. Life insurer employment was up by 1,400. Employment at medical expense insurers...
Florida Agents Concerned About Homeowners Choice Contract
Dec 7 2011 // Independent agents in Florida are concerned that an appointment contract offered by a Florida homeowners insurer that recently assumed thousands of policies from another company could result in a loss of those...
Latest Analysis Concludes Foreign Insurers Missing Out on China Party
Dec 7 2011 // Ten years ago, foreign insurers were lining up to celebrate China’s entry into the World Trade Organization, eager to tap what was certain to become the world’s next big insurance frontier. A decade on, it is...
Aon Benfield Monthly Cat Report: Thai, Europe Floods Costly for Insurers
Dec 7 2011 // Aon Benfield’s Monthly Cat Recap report, which reviews the natural disaster perils that occurred worldwide during November, concludes that insured losses in Thailand could top $10 billion, while floods in Europe will...
