Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Washington Refines Pay-As-You-Drive Legislation
Feb 18 2011 // Washington’s Senate Committee on Financial Institutions, Housing & Insurance has refined a proposal to allow drivers’ insurance rates to be based primarily on the number of miles driven per year. The PAYD...
Insurer Rejects Fan’s $50,000 Hockey Shot Pay-Out
Feb 18 2011 // An Indiana Ice fan who shot a hockey puck the full 175-foot length of the hockey rink into a target with the chance to win $50,000 in a minor league hockey game promotion won’t be able to give the money to charity....
Colorado House Tables Credit Disclosure Bill
Feb 17 2011 // Legislators in Colorado are considering a bill that would require additional disclosures of information that insurers use for underwriting personal lines property/casualty insurance policies. House Bill 11-1127, concerning...
Texas Insurer Group Releases Motorists’ Accident Brochure
Feb 17 2011 // The Insurance Council of Texas (ICT) has released its newest brochure, “Holy Fender Bender! What Do We Do Next?” which provides simple, useful information for motorists dealing with the aftermath of a traffic...
Connecticut Court: Man Charged in Arson Can Sue Insurer
Feb 16 2011 // A Connecticut man charged with burning down his beach home hours before he was supposed to give it to his estranged wife can sue the home’s insurer for emotional distress, the state Appellate Court has ruled. Richard...
Mississippi Municipal Insurer Takes Aim at Taser Weapons in Training
Feb 15 2011 // A company that administers an insurance program for county workers injured on the job is discouraging the use of Taser shock weapons in training police officers. The Mississippi Public Entity Workers’ Compensation...
Dad of Rhode Island Motorcyclist in Crash Sues Insurer
Feb 14 2011 // The father of a Rhode Island motorcyclist who was killed in May by a driver running a red light has sued his insurance company. The Westerly Sun reports that Richard “Robin” Foote’s lawsuit challenges a...
Utah Adds 54 Captive Insurance Companies
Feb 11 2011 // Utah gained 54 new captive insurance companies during 2010, according to the Utah Insurance Department. At the end of the year, there were 188 captive insurers in active operation with another 11 new applications pending....
New York Agents Happier with Insurers This Year, Survey Says
Feb 11 2011 // A new survey by a trade group for New York agents finds insurance producers give their carriers good marks for honesty and fair treatment — but find insurance companies don’t pay them enough. The Independent...
Best Issues Ratings Announcements on Fairfax Subsidiaries
Feb 11 2011 // A.M. Best has issued a series of ratings announcements relating to Canada’s Fairfax Financial Holdings and its subsidiaries. The bulletins are as follows: A.M. Best Co. has removed from under review with negative...
Prepareth Not and Doom Your Summer Vacation
Feb 10 2011 // The Nonadmitted and Reinsurance Reform Act (NRRA), Subtitle B, Part I, Dodd-Frank Wall Street Reform and Consumer Protection Act, will usher in a new era of premium taxation and regulation for surplus lines insurance on...
Report: Calif. Health Insurers Deny 26% of All Claims
Feb 10 2011 // California’s largest, private health insurers rejected 26 percent of all claims –13.1 million — submitted for the first three quarters of 2010, according to new findings by the Institute of Health and...
Inferior Results Will Force Admitted Carriers Out of the E&S World, Eventually
Feb 10 2011 // The loss of market share in the surplus lines sector of the property/casualty insurance industry will turn around when standard carriers begin to experience negative results from the non-standard business they’ve...
Insurers Seek Delay in Financial Rules Until Insurance Posts Filled
Feb 9 2011 // The insurance industry is asking the Obama Administration to slow down on rules for deciding whether insurers and other nonbank financial companies should be subject to extra scrutiny because they pose a systemic risk to...
Insurers Oppose South Carolina Bill on Construction Defects
Feb 9 2011 // Insurers have come out against a move by South Carolina lawmakers to extend general liability policies to include construction defects. The Property Casualty Insurers Association of America (PCI) says such a move would add...
SPECIAL REPORT: Extreme Weather Batters Insurance Industry
Feb 9 2011 // In Chester County, South Carolina, off a dirt road in the middle of a field, insurance companies are literally unleashing a storm. To simulate hurricane-like conditions, an industry group has built a wind tunnel big enough...
Florida Senate Committee Postpones Vote on Property Legislation
Feb 8 2011 // For the second straight week, the Florida Banking and Insurance Committee failed to reach a final vote on its comprehensive property insurance bill. The delay comes as committee members remain bogged down over how to...
Wild Weather Could Push Miners to Heed Insurers’ Warnings; Reassess Risks
Feb 8 2011 // A surge in weather-related disasters in Australia could push global mining firms to overhaul supply contracts and rethink how bad weather will affect their operations and customers worldwide. Climate scientists say a...
As Small Business Shrinks, Small P/C Insurers Lose
Feb 7 2011 // The property/casualty small business sector – those accounts with less than 50 employees – has shrunk substantially since 2007, and there has been a dramatic shift in market share among small, mid-sized and...
Oregon Credit Score Law Cuts Insurance Rates
Feb 7 2011 // Thousands of Oregonians are enjoying lower insurance premiums as a result of a year-old credit scoring law, according to a recent survey by the Department of Consumer and Business Services (DCBS) Insurance Division. The...
