Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Ryan Specialty Group to Buy Lloyd’s Insurer Jubilee
May 18 2011 // Chicago-based insurance holding company Ryan Specialty Group, LLC (RSG) has agreed to acquire specialist Lloyd’s insurer Jubilee Group Holdings Limited. Jubilee Group Holdings owns Jubilee Managing Agency Limited and...
Florida Gov. Scott Signs Property Insurance Cost Control Bill
May 17 2011 // Florida Gov. Rick Scott has signed into law legislation that promises to lower costs for the state’s property insurers, including what they pay on sinkhole claims. While the memory of former Governor Charles...
Feliciano Named VP of California Insurer Association
May 17 2011 // The Association of California Insurance Companies (ACIC) has named Armand Feliciano vice president. He has 17 years of legal, regulatory and legislative advocacy experience in California. He will be responsible for...
P/C Insurers Take Hit in Q1 as Hurricane Season Approaches
May 16 2011 // The U.S. property/casualty (P/C) industry took a beating from record first quarter 2011 catastrophe losses, and recent earnings announcements from global reinsurers illustrate the damage those losses did to earnings and...
Agents View Carrier Consistency of Product, Price Critical in Relationship
May 16 2011 // Nearly half of independent insurance agents and brokers believe it is most important to their carrier relationships that companies are consistent in product and pricing in the marketplace, a new study co-sponsored by...
Insurers Fight over Flood Policies Dropped by State Farm
May 16 2011 // Major U.S. insurers are pushing to gain control of 800,000 former State Farm flood insurance policies as lawmakers contemplate reforms to the nation’s flood insurance system. The conflict began last year when State...
2011 Super Regional P/C Insurers™
May 16 2011 // Demotech Inc. Reveals Leading Multi-State P/C Carriers The original criteria and objective definition for Super Regional P/C Insurers™ was established in the Feb. 12, 2007 issue of Insurance Journal. Prior to the...
Man Reverses Name in Bid to Defraud Workers’ Compensation Insurer
May 16 2011 // A New York construction company owner faces jail time for a strange workers’ comp fraud scheme: He transposed his name on the application and lied to an insurer about previously cancelled coverage. Ondrej Marga, 43,...
Storms That Shatter Lives Hold Lessons for Insurers
May 16 2011 // It used to be the low-frequency, high-severity events that kept U.S. property insurance producers, carriers, and reinsurers up at night. These big Cats have become part of our collective history – Hurricanes Andrew,...
Florida Lawmakers Approve Property Reform
May 16 2011 // In the closing days of Florida’s legislative session, lawmakers approved a bill that addresses sinkhole claims and a number of other property insurance issues. In addition to redefining sinkhole losses, the measure...
2011 Super Regional Property/Casualty Insurers™
May 16 2011 // Alphabetical listing Acuity a Mutual Insurance Co. AIU Insurance Co. Alaska National Insurance Co. American Commerce Insurance Co. American Family Mutual Insurance Co. American Hallmark Insurance Co. of TX American...
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...
