Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Special Report: Top 10 Innovative P/C Insurance Products
Apr 1 2011 // A wave of new product offerings is jeopardizing the property/casualty insurance industry’s image as uncool. Since the beginning of the year, dozens of property/casualty insurers have announced innovative protections...
Defining Standards in Texas for the Duty to Defend and Indemnify
Apr 1 2011 // After years of maintaining that the duty to defend and the duty to indemnify were independent duties in a liability policy, the Texas Supreme Court held in 1997 that the same allegations used to determine that no duty to...
Capitol Insurance Companies Names Ogilvie Chief Operating Officer
Mar 30 2011 // Madison, Wis.-based Capitol Insurance Companies a national provider of specialty property casualty insurance and commercial surety products, has appointed Alan S. Ogilvie chief operating officer. Ogilvie joined Capitol in...
Insurer Rates 16 ‘Best Values’ in Autos
Mar 30 2011 // USAA, an insurer for the military community, unveiled its first “Best Value” vehicle list that names the top 2011 automobiles in 16 categories based on quantitative data used in USAA’s proprietary rating...
Insurer Group Says Amendments to Arkansas Bill Prevent Coverage Expansion
Mar 29 2011 // Amendments to insurance-related legislation in Arkansas will prevent unintended expansion of commercial liability insurance coverage in that state, according to an insurance company trade group. The American Insurance...
9 Alternatives to Individual Health Insurance Mandate; Will They Work?
Mar 29 2011 // There are alternatives to the controversial federal government mandate that requires almost everyone to purchase health insurance, although experts are divided over how effective the alternatives might be in helping to...
Federal Government Lifts Cargo Insurance Requirement for Truckers
Mar 28 2011 // The federal government is no longer requiring that about 76,000 of the nation’s for-hire truckers carry cargo liability insurance. Over the objections of shippers and transportation brokers, the Federal Motor Carrier...
Florida Hears First Community’s Home Rates; OKs Dwelling Increase
Mar 27 2011 // Florida regulators held a public hearing last week to consider the First Community Insurance Co.’s request to raise its homeowner rates a statewide average by 23.3 percent. The company said there are two driving...
California Insurer Association Names New Board Leadership
Mar 25 2011 // Members of the Association of California Insurance Companies (ACIC) nominated and appointed a new chair, vice chair, and board of directors to serve for a two-year term. Kathleen Bissell, assistant vice president of...
Rhode Island Ponders Forcing Insurers to Buy Driving Records
Mar 25 2011 // Budget-strapped Rhode Island is considering a new way to raise money: Force insurers to buy official driving reports from the state, at $20 a driver. The move — part of a budget amendment that would alter laws...
S&P: Outlook Negative on 9 Japanese P/C Insurers; Ratings Affirmed
Mar 25 2011 // Standard & Poor’s Ratings Services has conducted a detailed analysis of 15 Japanese P/C insurers, and has made several adjustments in its ratings following the earthquake and tsunami, which hit the country on...
Worldwide Facilities Introduces New Carrier for Life Sciences Risks
Mar 24 2011 // Worldwide Facilities, Inc. has introduced a new cover for life science innovators. The coverage provides protection for life sciences risks and can be tailored to protect companies ranging from those in the pre-clinical...
U.S. P/C Insurers’ Results for 2010 Get ‘Mixed Review’ from A.M. Best
Mar 24 2011 // The U.S. property/casualty insurance industry’s financial results for 2010 represented a mixed bag, with some good results and some that are of concern, according to a leading rating organization. A.M. Best Co....
Florida’s Homewise, First Home Insurance Companies to Merge
Mar 24 2011 // Two of Florida’s domestic insurance companies have announced that they plan to merge. Homewise Insurance Co. and First Home Insurance Co. are planning to merge sometime in the second quarter pending regulatory...
Florida Homeowners Insurers Seek ‘Flex-Rating’ Up to 15%
Mar 24 2011 // Florida lawmakers are considering giving homeowners insurers more flexibility to raise rates. The Florida Senate and Banking Insurance Committee recently approved a bill that would give homeowners insurers some latitude,...
UK Insurers Support Corporate Tax Reduction; Budget for Growth
Mar 24 2011 // The UK government’s recently proposed budget contain a number of measures aimed at helping UK firms to increase their business, and to make them more competitive. As the UK’s insurance industry is one of the...
Commentary: Pending State Legislation to Implement NRRA is Fly in the Ointment
Mar 23 2011 // Pending state legislative proposals, such as California’s AB 315, that would implement the Nonadmitted and Reinsurance Reform Act of 2010 (NRRA) are akin to the fly in the ointment. The NRRA becomes effective on July...
Insurers, Brokers Settle Spitzer-Era Bid-Rigging Case for $37 Million
Mar 23 2011 // Lawyers for a majority of the 15 insurance company and broker defendants in a long-running suit accusing them of bid-rigging are scheduled to be in court today outlining a proposed settlement that will cost them about...
Colorado Bill Restricting Homeowners Insurance Cancellations Defeated
Mar 23 2011 // The Colorado House Economic and Business Development Committee has voted 9-4 to defeat a bill that homeowner’s insurance carriers say would have restricted their underwriting freedoms and their ability to provide...
Florida Lawmakers Take Two-Pronged Approach to Insurance Reform
Mar 23 2011 // Tort reform and fraud have become the two big targets as Florida lawmakers are finally gearing up to tackle the state’s no-fault auto insurance law. Taking a divide and conquer approach, the House Insurance and...
