Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Florida Homeowners Insurers Seek ‘Flex-Rating’ Up to 15%
Apr 4 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 allow insurers to raise their rates up to...
Preparing for the Hurdles Ahead
Apr 4 2011 // Think of what happened in the neighborhood travel agency the first time an online travel Web site started doing business. Did those first agents, looking at the flickering image on their computer screens, realize what this...
The Future of the Independent Agency (Has Nothing to Do with Age)
Apr 4 2011 // Young Ownership Challenged by Carriers Unwilling to Hand Out Contracts to Start Ups For the last 20 years, at least, consultants, associations and publications have been worrying about the future of the independent agency...
Florida Lawmakers Advance Plan to Shrink State Insurer Citizens
Apr 1 2011 // Florida lawmakers have approved a plan designed to move more property owners into the private insurance market by restricting what properties the state-backed insurer can cover and allowing it to raise its rates. By a vote...
Lloyd’s Director Luke Savage on 2010 Results, Japan, What’s Ahead
Apr 1 2011 // His voice was a little husky, but Luke Savage – Lloyd’s Director of Finance, Risk Management and Operations – was still pleased to talk to the IJ about Lloyd’s financial results for 2010, which were...
Calif. Bill Would Give Insurance Commissioner Stronger Penalty Powers
Apr 1 2011 // California Sen. Noreen Evans, D-District 2, has introduced legislation to grant explicit authority to the state Insurance Commissioner to order restitution as part of an administrative enforcement action against an...
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...
