Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurers Prop up European Shares Ahead of ECB News Conference
Aug 4 2011 // European shares held steady on Thursday, as strong earnings from insurers provided ballast and hopes that the European Central Bank could show readiness to buy bonds offset worries about slow economic growth in the...
UK’s ABI Details Increase in Fraudulent Claims – $29 Million per Week
Aug 4 2011 // The Association of British Insurers reports that the UK’s insurance companies are “detecting more fraudulent claims than ever: over 2,500 worth £18 million [$29.446 million] every week.” A number of...
Ark. High Court: Policy Does Not Limit Insurer’s Liability in Uninsured Driver Case
Aug 4 2011 // The Arkansas Supreme Court has denied an insurer’s appeal of a lower court finding that the language of its insurance policy at issue in a case involving an underinsured driver is ambiguous. Philadelphia Indemnity...
Workers’ Compensation Costs Continue to Drop in West Virginia
Aug 3 2011 // West Virginia employers would continue to benefit from lower workers’ compensation rates if the state agrees with an industry filing that loss costs be cut by 8.1 percent. Since the state privatized its...
Insurer Group Taking Hurricane Tour of Texas
Aug 2 2011 // The Insurance Council of Texas (ICT) will take its message of preparing for a hurricane down the Texas coast for its annual media tour in late August. The ICT team will consist of company personnel, insurance agents,...
Insurers Interested in ING European, Asian Units
Aug 2 2011 // ING could get a far bigger pay-out if it ditched a plan to spin-off its Asian and European insurance units as a single stock market-listed business and instead chose buyers from a long list of interested parties. A trade...
How Debt Ceiling Politics Impact P/C Insurance Industry
Aug 1 2011 // As they watched Congress struggle to put a debt deal in place by Aug. 2, U.S. insurers worried about their companies’ portfolios, short- and long-term interest rates and a decline in equity markets. The leading...
Insurer Wants to Sign 100 Agents in 100 Days
Aug 1 2011 // A commercial lines insurer is on a mission to sign a number of independent agents – as many as 100 of them – within 100 days. From July 12 through October 12, South Carolina-based Accident Insurance Co. (AIC)...
Agency Satisfaction With Insurers Not Driven by Price, Compensation
Aug 1 2011 // Insurance agents tend to give a greater share of their business to insurers with whom they are highly satisfied, according to a J.D. Power and Associates Insurance Agency Satisfaction Study-Personal Lines. The study, based...
Dodd-Frank Anniversary: What About Insurance?
Aug 1 2011 // The Dodd-Frank Wall Street Reform and Consumer Protection Act rewrote the landscape of the financial markets and it has permeated all sectors of the global economy. A year after the Dodd-Frank Act was signed, there...
Insurance Industry’s Economic Clout in California
Aug 1 2011 // The overall insurance industry accounts for more than 234,000 jobs in California with a payroll of $16.8 billion, a new report finds. Also, property/casualty insurers paid a total of $50.2 billion in claims and expenses in...
Allstate Agents Hope Unionization Sparks Changes at Insurer
Aug 1 2011 // Some unhappy Allstate Insurance agents who say the insurer controls them like employees even though they are independent contractors are moving to affiliate with a union. The National Association of Professional Allstate...
Top 25 Carriers’ Premium Growth Jumps 11.4% Q1 2011 vs Q1 2010
Aug 1 2011 // Property/casualty insurance companies have faced tough economic decisions over the last few years. Experts and analysts have expressed concern over soft pricing exhibited in the underwriting cycle. To avoid the...
Sony Insurer, Zurich, Files Suit to Deny Data Breach Coverage
Aug 1 2011 // One of Sony Corp’s insurers has asked a court to declare that it does not have to pay to defend the media and electronics conglomerate from mounting legal claims related to a massive data breach earlier this...
Safe Driving Habits Pay Off for Consumers with Usage-Based Insurance Programs
Aug 1 2011 // The driving habits of personal auto consumers are shaping the way carriers price coverage today. Those carriers providing usage-based insurance (UBI) options, including telematic systems or devices to monitor an...
Group Captive Chooses The Hartford As Insurer
Jul 28 2011 // Affinity Insurance Ltd., a casualty lines group captive owned by 290 companies, has selected The Hartford as its insurance carrier for workers’ compensation, commercial auto and general liability. Captive Resources,...
P/C Insurers Still Saddled with Asbestos Reserve Challenges
Jul 28 2011 // Asbestos-related diseases have been falling for a decade, but warnings from a pair of U.S. insurance giants about new claims raise questions about the industry’s ability to put the scourge behind it. While medical...
Post-Loss Assignments of Claims Under Insurance Policies in Louisiana
Jul 27 2011 // In the settlement of lawsuits involving insured claims, it is not uncommon that one condition of the settlement is that the defendant assign his or her claims under all applicable insurance policies to the party that filed...
Insurers Urge Senate OK for Insurance Rep on Financial Council
Jul 26 2011 // The Senate Banking Committee is today considering the nomination of a key insurance member to the new federal board that deals with the financial system and matters of systemic risk. President Barack Obama has nominated a...
Moody’s: U.S. P/C Insurers’ Report Meaningful 2010 Reserve Releases
Jul 26 2011 // U.S. property/casualty insurers reported meaningful reserve redundancies in their 2010 earnings, Moody’s Investors Service said, marking the sixth straight year in which the industry has posted a benefit to...
