Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Can Federal Flood Insurance Handle Irene Losses?
Aug 31 2011 // The only thing worse than getting flooded out of your home once is getting flooded out of it twice. Or, for that matter, over and over again. Margaret Wert bought her Wayne, New Jersey house in 1999, relying on assurances...
Swiss Re Sigma Study Examines Government/Private Sector Coverage
Aug 31 2011 // Swiss Re’s latest sigma study – “State involvement in private insurance” – examines the increasing symbiosis between governments and the private insurance sector. The report notes that...
Moody’s Sees Stable Outlook for Personal Lines Insurers
Aug 30 2011 // The personal lines insurance sector maintains a stable outlook in the face of a highly competitive environment, 2011 catastrophe losses and sluggish economic conditions, according to a report from Moody’s Investors...
S&P Sees Limited Impact on Insurers from Irene
Aug 30 2011 // Standard & Poor’s Ratings Services said it expects a somewhat limited impact from Hurricane Irene on U.S. property/casualty insurers and global reinsurers, based on preliminary insured loss estimates. “We...
Oklahoma Workers’ Comp Overhaul Now in Effect
Aug 26 2011 // Legislation overhauling the Oklahoma workers’ compensation laws becomes effective today, Aug. 26, 2011. The Oklahoma Workers’ Compensation Court noted that while the effective date for Senate Bill 878 is Aug....
California Regulator Wins Case Involving Sale of Life Insurer
Aug 26 2011 // A California state appeals court has upheld a state regulators’ refusal to approve the sale of a California insurance company to a French-owned company. The decision upheld Insurance Commissioner Dave Jones’...
Insurer Group Names Jackson as Southeast Lobbyist
Aug 26 2011 // The insurer group, American Insurance Association, has hired Ron Jackson to serve as its southeast region assistant vice president for state affairs. Jackson currently is the assistant commissioner for the Georgia Office...
UK Travel Insurer Columbus Direct Expands into German Market
Aug 26 2011 // UK travel insurer Columbus Direct, which is part of the Collinson Insurance Group, announced the expansion of its range of low cost travel products into the German market. The bulletin said a “range of travel...
Calif. Court Rules on Benefit from Negotiated Rate Differential
Aug 24 2011 // California’s highest court has ruled that accident plaintiffs may only recover economic damages equal to the amount paid by their insurer and not the higher amount billed. The opinion stated that “the...
North, South Carolina Coastal Insurance Plans Ready for Hurricane Irene
Aug 24 2011 // Caught square in the path of Irene, the first major hurricane of the season, the coastal insurance plans in North and South Carolina are prepared to absorb what may be their first major losses in years. Both plans appear...
Connecticut Court Rules on Guaranty Fund Role in Workers’ Comp Claims
Aug 23 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...
Judge Allows Investors, Insurers to Intervene in Bank of America Settlement
Aug 23 2011 // A New York state judge granted the request of dozens of investors including pension funds, insurers and several Federal Home Loan Banks to intervene in Bank of America Corp.’s proposed $8.5 billion settlement with...
Hurricanes May Be Catalyst for Insurance Rate Increases
Aug 23 2011 // Hurricane Irene, threatening to become the first hurricane to hit the United States in three years, could be the catalyst the insurance industry has been seeking in its quest for across-the-board premium increases after...
Insurers Contribute over $17 Billion to UK Economy
Aug 23 2011 // The Association of British Insurers notes that the industry made a “total contribution of £10.4 billion [$17.21 billion] to the Exchequer – which would cover the entire £10.2 billion [$16.9 billion] Home Office...
Insurer Sued for Refusal to Hire North Carolina Man in Drug Program
Aug 23 2011 // The U.S. Equal Employment Opportunity Commission has sued a national insurance company, contending the firm violated federal law by refusing to hire a North Carolina man after he disclosed he was participating in a...
Insurers Oppose Change in South Carolina Workers’ Compensation Medical Fees
Aug 22 2011 // A new South Carolina regulation for calculating medical fees in worker injury cases has set off opposition from insurers and business groups that claim it favors certain medical providers over others and will increase...
London’s Marine Insurers Say Libya to Stay on ‘High Risk’ List
Aug 22 2011 // There is no immediate prospect of Libya being removed from a list of areas deemed high risk by London’s marine insurance market. Underwriters will seek a stable period before looking at de-listing, a market official...
CEO of Arkansas-based Heifer Foundation Sues Board Members, Insurer
Aug 19 2011 // The chief executive of the foundation that supports the hunger-relief organization Heifer International has sued four foundation board members, alleging that he was suspended in retaliation for raising questions about...
AIR Chief on Cat Models: ‘What’s All The Fuss About?’
Aug 19 2011 // When it comes to revised hurricane models, AIR Worldwide CEO Ming Lee has one basic question, “What really is all this big fuss about?” Lee, whose Boston company launched the catastrophe modeling industry in...
Chinese Insurer Ping An Posts 33% Rise in 1st Half Profits
Aug 19 2011 // Ping An Insurance Co. of China Ltd. said Thursday its fast-growing banking business helped to boost profit for the first half by nearly 33 percent. Profit for the six months ending June 30 was 12.8 billion yuan ($1.9...
