Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Connecticut Court Rules Man Charged in Arson May Sue Insurer
Mar 7 2011 // A Connecticut man charged with burning down his beach home hours before he was supposed to give it to his estranged wife may sue the home’s insurer for emotional distress, the state Appellate Court has ruled. Richard...
Texas Windstorm Insurance Litigation Costs Too High, Lawmaker Says
Mar 7 2011 // The amount the Texas Windstorm Insurance Association (TWIA) has paid out in litigation costs as a result of lawsuits stemming from Hurricane Ike claims is far too high, said one Texas lawmaker who’s working on...
NRRA Surplus Lines Requirements: The Devil is in the Details
Mar 7 2011 // Editor’s Note: This is the second installment of a two-part article on compliance with the Nonadmitted and Reinsurance Reform Act. Part one appeared in the West region of Insurance Journal’s February 21, 2011...
Rates for Architects, Engineers Going Up: Report
Mar 7 2011 // Rates for architects and engineers professional liability insurance, which have been stable, are expected to go up this year, a new study reports. A number of leading insurance companies offering this coverage expect to...
London Ship Insurers Add Libya to ‘High-risk’ List
Mar 4 2011 // London’s marine insurance market has added Libya to a list of areas deemed high risk as violence escalates in Africa’s third-largest oil producer, a senior market official said on Friday. Libyan rebels vowing...
Texas Associates Insurors Adds iPad App for Customer Service
Mar 3 2011 // Texas Associates Insurors has released the Texas Associates iPad application, the agency’s latest customer service tool. Texas Associates Insurors launched an application for the iPhone in late 2010. The iPad...
Kansas Studying Impact of Health Insurance Act on Agents, Insurers
Mar 3 2011 // Kansas Insurance Commissioner Sandy Praeger will conduct a public fact-finding hearing March 14 regarding the impact on Kansas insurance companies and agents of a medical loss ratio (MLR) provision in the federal...
Best Affirms CNA and Subs Ratings
Mar 3 2011 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of CNA Insurance Companies and its P/C members, as well as the ICR of...
Tennessee Sets Deadline for Claims Against 3 Shuttered Insurers
Mar 3 2011 // A Tennessee judge has set May 16 as the final date to resolve all outstanding claims against three insolvent risk retention groups that were closed in 2003 after the failure of their Virginia reinsurer, Reciprocal of...
Best Comments on Impact of Christchurch Earthquake on New Zealand P/C Insurers
Mar 3 2011 // A.M. Best’s London office announced that it “has begun to assess the financial impact of the Feb. 22, 2011 Christchurch earthquake on New Zealand’s non-life insurance industry, and it expects capital...
Holocaust Survivors Want U.S. to Push European Insurers on Payments
Mar 2 2011 // Aging survivors of the Nazi Holocaust plan to protest outside a political fundraiser in Miami Beach featuring President Barack Obama this week to publicize their struggle to collect what they say is $20 billion in Jewish...
ABI Describes EU Court’s Ban on Gender Use as ‘Disappointing’
Mar 2 2011 // “The decision by the European Court of Justice (ECJ) to ban the use of gender in insurance policies from December 2012 is disappointing news,” states a bulletin from the Association of British Insurers...
Independent Agents: Tell Carriers What You Think
Mar 1 2011 // Agents: There is still time to tell insurance carriers what you think! Take this quick survey. What are the most important factors in the independent agents’ relationship with insurance carriers—and which ones rate...
S&P: Capital Remains ‘Key Rating Consideration’ for Multiline Insurers
Mar 1 2011 // Standard & Poor’s Ratings Services said that in its opinion “global multiline insurers’ (GMIs) capital positions have recovered significantly since 2008.” In an article entitled...
EU Court Rules Insurers Cannot Link Risks to Gender
Mar 1 2011 // Insurance companies cannot take gender into account when setting premiums and paying out benefits from annuities and retirement savings or accident cover, the European Union’s top court ruled on Tuesday. The ruling...
S&P Announces Rating Actions in Wake of Bahrain Unrest
Feb 28 2011 // Standard & Poor’s Ratings Services announced that it has affirmed its long-term counterparty credit and insurer financial strength ratings on Hannover ReTakaful B.S.C. (Hannover ReTakaful), Trust International...
South Dakota Senate Panel Rejects Subrogation Bill
Feb 27 2011 // A measure aimed at changing South Dakota’s insurance law to give some injured people a better chance of receiving full compensation for their losses has been rejected by a state Senate committee. However, one of the...
Demand for Agricultural Insurance Expected to Grow
Feb 25 2011 // The agricultural insurance market is facing rising demand along with pressures to adapt to changes in farming and to become more efficient in delivering products. Increasing world demand for food is driving up commodity...
Duke University, Insurer End Dispute Over Lacrosse Settlement
Feb 25 2011 // American International Group has resolved its lawsuit with Duke University over expenses and legal fees in a case that has its origins in a 2006 incident when a woman alleged that three Duke lacrosse players had sexually...
Architects, Engineers Liability Rates to Go Up: Report
Feb 25 2011 // Rates for architects and engineers professional liability insurance, which have been stable, are expected to go up this year, a new study reports. A number of leading insurance companies offering this coverage expect to...
