Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurers Cover Mississippi County for Misuse of Funds
Jul 1 2011 // A second bond company has reached a settlement in the state auditor’s investigation of former Alcorn County Supervisor Danny Crotts. RLI Insurance Co. has agreed to pay $31,809. The board of supervisors agreed to...
UK’s Legal Expense Insurers Say Referral Fees Cause for Claims Increase
Jun 30 2011 // The UK’s Legal Expenses Insurance Group (LEIG) has taken issue with claims that the rise in lawsuits over automobile accidents are responsible for the car insurance rate rises. The Group, which was formed in April...
Survey: Law Firms Face Rising Number of Malpractice Claims
Jun 30 2011 // The recent economic recession and prolonged real estate market slump are triggering a rise in the number of malpractice or professional liability claims lodged against law firms this year. A new study by insurance broker...
3 New Jersey Insurers Switch to Plymouth Rock Brand Name
Jun 29 2011 // High Point Auto Insurance, Palisades Insurance and Teachers’ Insurance Plan of New Jersey all have a new brand name, Plymouth Rock Assurance. Over the next several months, current High Point, Palisades and...
Insurers Seek Investment Alternatives as Interest Rates, Pricing Lag
Jun 29 2011 // Insurers do not expect interest rates to rise materially in the next year or so, leading them to look for alternatives to improve returns and manage risk, the head of the world’s largest asset manager for insurance...
S&P Reports European Insurers Still ‘Nervous’ Despite Gains
Jun 28 2011 // Standard & Poor’s Ratings Services has issued a report which “discusses why it thinks the European insurance industry seems nervous as it enters the second half of 2011.” The report –...
2 Insurers Refund $1 Million in North Carolina
Jun 28 2011 // North Carolina residents insured by two companies are going to receive refunds totaling more than $1 million after state regulators found they overcharged their personal lines policyholders. SAFECO Insurance Co. of America...
Court Revives Banks’ Suit Against Bond Insurer MBIA
Jun 28 2011 // New York’s highest court Tuesday revived a lawsuit by several large banks challenging bond insurer MBIA Inc.’s 2009 restructuring, which they complained was unfair to policyholders. MBIA shares fell as much as...
Insurers’ Ratings Won’t Be Penalized for Catastrophe Losses: Demotech
Jun 28 2011 // The fact that U.S. property/casualty insurers’ earnings have taken a hit due to recent catastrophe losses should not by itself mean insurer ratings will change, according to one rating firm. As long as the insurers...
Calif. Homeowners Underinsurance Regs Take Effect, Despite Legal Challenges
Jun 28 2011 // A series of new California homeowners regulations aimed at enhancing the standards and training for estimating the replacement value on homeowners’ insurance in the event of a disaster took effect on June 27....
Insurer Investigators Donate $10K to Memorial Fund for Slain Louisiana Investigators
Jun 27 2011 // The nation’s largest association of insurer fraud investigators has contributed $10,000 to a memorial fund honoring two Louisiana investigators who were killed in the line of duty June 7. The board of directors of...
Banks, Insurers Move Closer to Deal on Greek Bailout
Jun 24 2011 // Banks and policymakers moved closer to a deal on Friday to help Athens secure funds ahead of a parliamentary vote on austerity next week that Greek Prime Minister George Papandreou must win to avert default. Despite a...
New York Approves Deregulation of Large Commercial Insurance Products
Jun 24 2011 // New York insurers and insurance agents are applauding lawmakers for giving final approval to a bill that eases regulations on commercial insurance products and rates. The bill exempts insurance policies written for large...
Brooklyn Auto Body Shop Charged with Inflating Bills to Insurer
Jun 24 2011 // Kings County District Attorney Charles J. Hynes announced has charged Borough Park autobody shop, Perfect Collision, with intentionally damaging cars brought in for repairs, so it could submit inflated bills to insurance...
Florida Agents’ Leader Grady Cites Progress, Disappointments on Reform
Jun 23 2011 // For those in the industry, Florida’s recent legislative session was a long march as they tried to navigate through a process that initially promised much in the form of a new governor and strong pro-business...
Insurers Offer $65.5M Settlement in Louisiana Housing Project Lead Claims Case
Jun 22 2011 // Insurance companies are offering $65.5 million to settle claims that lead in New Orleans’ housing projects hurt children who lived or visited there. Payments would go to people who spent time in the public housing...
Wash. Regulator Fines Insurers, Agents $750,000
Jun 22 2011 // Washington Insurance Commissioner Mike Kreidler has fined insurance companies, agents and brokers more than $750,000 in 2011. Violations included charging unapproved rates and submitting false documents. From January...
P/C Insurers’ Profits Fell in Q1 as Underwriting Losses Grew
Jun 22 2011 // Private U.S. property/casualty insurers’ net income after taxes dropped to $7.8 billion in first-quarter 2011 from $8.9 billion in first-quarter 2010, with insurers’ annualized rate of return on average...
Europe Seeks to Get Insurers, Banks on Board Greek Bailout
Jun 22 2011 // European governments are trying to persuade banks and insurers to share the pain of a second Greek bailout package, in an attempt to avoid market meltdown while keeping taxpayers happy. Talks between governments and...
Former Association of California Insurance Companies President Joins Barger & Wolen
Jun 22 2011 // Samuel Sorich, the former president of the Association of California Insurance Companies (ACIC), a California property/casualty insurance trade association, has joined Barger & Wolen as of counsel. Sorich, who has been...
