Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
California Gov. Brown Vetoes, Signs Workers’ Comp Bills
Oct 11 2011 // California Gov. Brown on Friday vetoed three bills insurers said would have raised workers’ compensation costs. According to the American Insurance Association (AIA), the vetoed bills “would have unwound a key...
Atlantic City to Bill Insurers for Emergency Calls
Oct 7 2011 // Atlantic City has decided to bill insurance companies for fire department services. The City Council approved the ordinance this week without setting fees. Glassboro implemented such a system in 2005. Fire Chief Ralph...
Texas Insurer in New York Boat Accident Pleads Guilty to Fraud
Oct 7 2011 // A Houston man has pleaded guilty to a charge related to selling fraudulent insurance policies, including one to a company that owned a tour boat which capsized in a New York lake in 2005, killing 20 tourists. Federal...
Auto Insurers’ Loss Ratios Rise in Q2: SNL Insurance
Oct 6 2011 // Tornadoes and thunderstorms in the South and Midwest made the 2011 second quarter tumultuous for U.S. property writers. The industry loss ratio, before consideration of reinsurance, climbed to 70.6 percent, marking the...
Mass. Agents Gathering Signatures for Insurance Credit Score Ban
Oct 6 2011 // A Massachusetts independent agents group said it is confident that banning auto insurers’ use of credit scores and other socioeconomic factors will become a state law in coming months. The Massachusetts Association...
Homeowners Insurer Contributes to Settlement in Wisconsin Polka Suit
Oct 6 2011 // A Chippewa Falls, Wis., polka musician has won a court battle involving his ex-wife and her new husband, who he accuses of stealing one of his most popular tunes. Ray Rubenzer filed a federal copyright infringement lawsuit...
Florida Lawmakers Contemplate the Future of Citizens
Oct 6 2011 // With four months to go before Florida’s legislative session, lawmakers are already considering the future of the state’s largest homeowners’ insurer. However, there are few easy answers in sight. Citizens...
HSBC Approaches Japanese Insurers on Sale of Non-Life Unit
Oct 6 2011 // HSBC Holdings has approached the top three property/casualty insurers in Japan about the sale of its non-life insurance business, which could fetch more than $1 billion, sources close to the matter said on...
Med Liability Insurers in Strong Financial Shape, Report Says
Oct 5 2011 // Medical professional liability insurance (MPLI) carriers are in a strong financial position overall and the insurers are exhibiting rate discipline in soft market conditions, according to a new report this week by New...
Insurers to Send Refunds to 14,149 Massachusetts Motorcycle Owners
Oct 5 2011 // Travelers, Fireman’s Fund and Electric Insurance are the latest insurers to reach a settlement with Massachusetts attorney general’s office over motorcycle insurance premiums. The three companies are accused of...
Former Maryland Insurance Commissioner Orr Joins Workers’ Comp Insurer
Oct 3 2011 // Former Maryland Insurance Commissioner R. Steven Orr has joined Towson, Md.-based IWIF Workers’ Compensation Insurance as senior vice president of information systems. In his new role, he will be responsible for...
Chartis CEO Says Europe Still Safe; Insurer Seeks ‘Value Over Volume’
Oct 3 2011 // AIG’s global property and casualty insurer Chartis continues to see opportunities in Europe despite the sovereign debt crisis, the chief executive of the unit said in an interview last Friday. Peter Hancock also said...
Insurer Says Exclusion Bars Payment in Nebraska Pastor’s Death
Oct 3 2011 // An insurance company specializing in policies for churches is asking a federal court to absolve it from paying a claim by the widow of a central Nebraska pastor who died of carbon monoxide poisoning in a house owned by the...
Cross Border Claims Frustrate Auto Carriers
Oct 3 2011 // Staged automobile accidents in Canada’s most populated province of Ontario pose a unique problem for American auto insurers that must deal with Ontario’s stringent no-fault benefits. Some U.S.-based adjusters...
Brokers See Changing Relationships, Expanding Technology
Oct 3 2011 // At the same time they are trying to figure out what their customers, markets and the economy are going to do, today’s intermediaries are also having to navigate changing relationships among carriers, wholesalers and...
Insurers Draw Distinctions Between Air Races and Airshows
Oct 3 2011 // With an 11th fatality declared as a result of the crash at the National Championship Air Races in Reno, Nev. on Sept. 16, one of the world’s airshow insurance experts is anxious to draw a distinction between airshows...
Virginia Court: Insurer Not Liable For Global Warming Claims
Oct 3 2011 // The Virginia Supreme Court has ruled in favor of an insurance company in a closely watched legal case involving global warming. The high court ruled that Steadfast Insurance Co., which provided commercial general liability...
Sportscover: Providing Coverage for Sports and Leisure around the World
Oct 3 2011 // Sports and leisure activities are one of the most ubiquitous pass times the world over. Whether you participate, or just watch, virtually no one is far away from some form of sporting activity. It’s why sports, as a...
New Insurance Laws Go Into Effect in Missouri
Oct 3 2011 // Missouri homeowners hit by damaging storms now have stronger protections in place under two new state laws, insurance regulators announced. The laws allow insurance companies to better serve hard-hit areas and protect...
Mass. Agents Prepare for Battle Over Credit Ban on Ballot
Oct 3 2011 // A Massachusetts independent agents group said it is confident that a ban on auto insurers’ use of credit scores and other socioeconomic factors will become a state law in coming months. The Massachusetts Association...
