Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurers in Delaware Diocese Bankruptcy Balk at $15 Million Payout
Sep 8 2011 // A dispute over insurance payments is threatening to blow up the Catholic Diocese of Wilmington’s bankruptcy reorganization plan. Under the plan, the diocese, its parishes and affiliated entities, would be released...
Best Report Concludes Canada’s Insurers Improve, But Risk Profile Rises
Sep 8 2011 // A report from A.M. Best concludes that the Canadian insurance industry “continued to improve in 2010, exhibiting strong capitalization and favorable overall profitability, aided by Canada’s relatively strong...
Irene Raises Hurricane Deductible Questions in Hard-Hit Northeast States
Sep 7 2011 // New York and New Jersey regulators said recently that hurricane deductibles should not apply on homeowners’ insurance policies for Irene damages in their states. That’s because Irene was downgraded and...
Connecticut Asks Insurers to Waive Storm Deductibles for Irene Damages
Sep 6 2011 // Connecticut is negotiating with several insurance companies to waive hurricane policy deductibles for coastal homeowners whose properties were damaged or destroyed by Tropical Storm Irene, Gov. Dannel P. Malloy...
UK’s Justice Action Group Rebuts ABI’s Stance on Personal Injury Claims
Sep 6 2011 // The Access to Justice Action Group (AJAG) responded swiftly to the study and the bulletin published by the Association of British Insurers and a coalition of UK business groups, seeking to amend Britain’s personal...
British Insurers, Business Heavyweights Support UK Legal Reform Bill
Sep 6 2011 // A number of British retailers and business groups have joined forces with the Association of British Insurers (ABI) in support of an omnibus bill, introduced in Parliament in July. The legislation, entitled the...
Stability in the Affluent Market Shows Promise for Brokers, Insurers
Sep 5 2011 // The high net worth insurance market remains a stable market for agents and the insurers specializing in this exclusive class. “From a market opportunity perspective we are seeing a market that continues to be fairly...
First Responder Fees Claims Becoming Routine for Insurers
Sep 5 2011 // While fee recovery by fire departments is nothing new, an increasing number of local municipalities have begun to charge for first responder, primarily fire department, services. Though the types of fees and rates vary...
Essentials: Be Careful What You Say When Issuing a Binder
Sep 5 2011 // Insurance binders are contracts of temporary insurance pending the issuance of a formal policy or proper rejection of the application by the insurer. The binder serves only as a temporary or interim policy until a formal...
Top 25 Workers’ Compensation Insurers
Sep 5 2011 // Based on Premium Growth From June 30, 2011 vs. June 30, 2010 On Aug. 16, 2011, The National Academy of Social Insurance reported that “the number of workers covered by workers’ compensation dropped by 4.4...
Ark. Court: Policy Does Not Limit Insurer’s Liability in Underinsured Driver Case
Sep 5 2011 // The Arkansas Supreme Court has denied an insurer’s appeal of a lower court finding that the language of its insurance policy in a case involving an underinsured driver is ambiguous. Philadelphia Indemnity Insurance...
Florida Workers’ Comp Insurers Seek Hike
Sep 5 2011 // Florida business owners could see their workers’ compensation premiums go up if regulators agree to raise rates by a recommended statewide average 8.9 percent. The National Council of Compensation Insurance (NCCI)...
3 Insurers Bid for West Virginia Account
Sep 5 2011 // Three companies are vying to provide workers’ compensation coverage for state agencies. Acting Insurance Commissioner Michael Riley said that BrickStreet Mutual Insurance Co., Chartis, and Zurich Insurance Co....
Conn. Guaranty Fund Must Share Workers’ Comp Claims
Sep 5 2011 // The state insurance guaranty fund can be considered the last insurer on a workers’ compensation risk that has multiple insurers and be initially liable for paying benefits to the injured employee, with the right to...
Best Affirms Catlin Insurance Companies Ratings; Outlooks Stable
Sep 2 2011 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of ‘a’ of Bermuda-based Catlin Insurance Company...
Big Iowa Health Insurer Unsure About Exchange
Sep 1 2011 // A leading Iowa health insurer isn’t sure yet whether it will participate in the state’s planned insurance exchange. The exchanges are expected to be a key part of the national health care overhaul. Some people...
Customer Satisfaction with Home Insurers Improves, Says J.D. Powers
Sep 1 2011 // Customer satisfaction with homeowners insurance companies this year is up from 2010, but still remains below levels achieved in 2009. Overall satisfaction with homeowners insurance companies averages 769 in...
Insurer Ratings Unaffected, Stocks Rally As Losses from Irene Look Manageable
Aug 31 2011 // Loss estimates from Hurricane Irene continued to fall and ratings agencies said insurers would have no problem with claims, helping boost insurance industry shares Wednesday. The relatively limited losses that Irene...
Home Insurers in Georgia Seek Rate Hikes
Aug 31 2011 // A year after most Georgia insurers increased homeowners premiums by 9 to 23 percent, a new wave of increase requests is pending. State Farm, Georgia’s largest writer of homeowners policies, is seeking a 7 percent...
Irene’s Impact on Private Insurance Markets
Aug 31 2011 // The $7 billion in estimated losses from Hurricane Irene compound the vast damage caused by weather in the United States this year. Yet despite billions they’ve paid out for floods, tornadoes and earthquakes, big...
