Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Survey Shows Opportunity for Carriers to Support Agents in Social Media
May 16 2011 // The majority of agents and brokers say using social media is important for business, yet many report not using social media tools in their business today. Seven of 10 independent agents and brokers believe it is important...
Florida Deregulates More Commercial Lines
May 16 2011 // Commercial insurers in Florida will have more leeway in setting rates on a number of lines of insurance under a bill approved by state lawmakers. The Florida legislature approved CS/HB 99 that expands the list of...
Court Decision Moves Louisiana Closer to Recouping ‘Road Home’ Money
May 15 2011 // Louisiana may be able to recoup much of the money it handed out following Hurricanes Katrina and Rita in 2005 to help storm victims repair their homes, following a recent ruling by the state’s high court. Under a...
Outlook Negative but ‘A’ Rating Affirmed for Motorists Insurance Pool
May 13 2011 // A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating (FSR) of A (Excellent) and issuer credit ratings (ICR) of “a” of The Motorists Insurance Pool (Motorists...
Kentucky Suburb to Charge Insurers Fee for Fire Service
May 13 2011 // A suburban fire department in Louisville, Ky. will begin charging a fee to battle most blazes later this summer. Lyndon will charge a homeowner’s or business’ insurance company as part of a new...
Best’s Analysis Concludes Solvency II Will Transform EU Captive Insurers
May 13 2011 // Although it has been coming for more than 10 years, the European Union’s Solvency II regulations covering the community’s insurance industry is now virtually around the corner. Over the years there has been a...
American Family Mutual Insurance to Pay $1M to Arizona Homeowners
May 12 2011 // The Arizona Department of Insurance announced that American Family Mutual Insurance Co. will be paying approximately $1.1 million to more than 5,000 homeowner claimants. In the course of investigating a complaint, the ADOI...
Alabama Insurers Receiving Steady Stream of Storm Claims
May 11 2011 // Alabama residents who suffered severe losses due to a series of storms that swept through the Southeast last month have already filed over 65,000 storms, according to an estimate by state officials. Alabama Governor Robert...
Changes on the Playing Field; P&C Insurers Question Impact of New Regulations
May 11 2011 // The European insurance industry is becoming increasingly aware that the Solvency II regulations, which are scheduled to take effect as of January 1, 2013, will not only impose a different set of rules for the industry, but...
P/C Insurers Cautious About Adopting New RMS Hurricane Model
May 10 2011 // Property/casualty insurers appear to be in no rush to adopt a controversial revised catastrophe model that dramatically raises certain estimates of potential hurricane losses in the country. California-based modeling firm...
P/C Insurer Failures in 2010 Unrelated to Catastrophes: A.M Best
May 10 2011 // The majority of the 11 financially impaired property/casualty companies in 2010 got into trouble primarily due to deficient loss reserves and inadequate pricing. None of the 2010 impairments were directly attributable to...
Florida Approves Property Insurance Reform
May 9 2011 // Homeowners’ insurers in Florida are breathing a sigh of relief after succeeding in a months-long battle to obtain property insurance reforms designed to reduce costs and stabilize the market. After watching state...
Texas: Many Life Insurers Keep Beneficiary Proceeds in Accounts
May 9 2011 // The Texas Department of Insurance says a recent industry survey shows that many life insurance companies place policy proceeds into Retained Asset Accounts (RAAs) instead of paying proceeds directly to the beneficiaries....
Calif. Bill Targets State Workers’ Comp Insurer’s Commission Policy
May 6 2011 // California Assembly Member Anthony Portantino, 44th District, has proposed a bill aimed to level the playing field for brokers who help to secure workers’ compensation insurance from the State Compensation Insurance...
Sony’s Insurers to Help Foot Bill for Data Breach
May 6 2011 // Sony is looking to its insurers to help pay for its massive data breach, an amount that one expert estimates could exceed $2 billion, but others said insurers may balk at ponying up that kind of money. “We have a...
Insurers Fight Over Flood Policies Dropped by State Farm
May 6 2011 // Major U.S. insurers jostled on Capitol Hill this week over control of 800,000 former State Farm flood insurance policies as lawmakers tried to advance reform of the nation’s flood insurance system. The conflict began...
Sony Calls on Insurers to Help Pay for Data Breach
May 6 2011 // Sony is looking to its insurers to help pay for its massive data breach, an amount that one expert estimates could exceed $2 billion, but others said insurers may balk at ponying up that kind of money. “We have a...
Insurers Fight Over Flood Insurance Policies Dropped by State Farm
May 5 2011 // Major U.S. insurers jostled on Capitol Hill this week over control of 800,000 former State Farm flood insurance policies as lawmakers tried to advance reform of the nation’s flood insurance system. The conflict began...
Insurer Association Urges Calif. Legislators to Ban ‘Crash Taxes’
May 4 2011 // California’s Senate Public Safety Committee held a hearing yesterday, evaluating the need to ban local governments from charging accident response fees or “crash taxes” for emergency responses to vehicle...
$11M in Calif. Insurer Investments Go to Underserved Communities
May 4 2011 // Insurance Commissioner Dave Jones and Speaker John A. Pérez announced that $11 million in new insurance company investments will benefit underserved communities across California. In February, the commissioner sent a...
