Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Oregon Credit Score Law Cuts Insurance Rates
Jan 24 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...
Florida Commissioner McCarty Accused of Vendetta by Texas Insurer
Jan 24 2011 // A Texas insurance company and its owner are suing Florida Insurance Commissioner Kevin McCarty, accusing him of being vindictive and defamatory in his efforts to ban the company from writing workers’ compensation in...
Florida Looking for Ways to Curb Sinkhole Losses
Jan 24 2011 // Florida lawmakers are trying to address the cost of sinkhole claims, which state officials and insurers say are driving up property insurance rates and could threaten the solvency of some domestic insurers if not brought...
Florida Competitive in Workers’ Compensation Market Arena
Jan 24 2011 // Florida’s workers’ compensation market remains competitive with more than 250 private insurers writing coverage and only a fraction of business being funneled to the residual market. Also, availability does not...
Insurer Pays
Jan 24 2011 // Tennessee has received reimbursement for last May’s flooding that damaged state buildings and other state-owned property. Treasurer David Lillard says the state received a $7.5 million check from Lexington Insurance...
North Carolina Insurers Seek Dwelling Rate Hike
Jan 24 2011 // North Carolina insurers are looking to raise rates from 7 percent to 25 percent, or an average 20.9 percent statewide, for 2011 on dwelling fire and extended coverage policies. If approved the higher rates would affect...
Year-End Storms Cloud P/C Insurers’ Results
Jan 24 2011 // U.S. property insurers like Travelers Cos. Inc. and Chubb Corp. were expecting a relatively mild fourth quarter for catastrophe losses, but a series of punishing storms across the country in December may have blown away...
Court Upholds Florida Regulator in Denial of Texas Insurer
Jan 23 2011 // A Texas-based workers’ compensation insurer has lost its appeal of rulings by the Florida insurance commissioner that have blocked it from doing business in the state. On Jan 20, without explanation, a three-judge...
Hudgens Directs Insurers to Exercise ‘Leniency’ After Georgia Storms
Jan 21 2011 // Georgia Insurance Commissioner Ralph Hudgens has issued an order directing insurers to exercise leniency in dealing with individuals and businesses that may have trouble paying premiums due the winter storms that swept...
Capgemini/Efma Report Urges ‘Re-focusing,’ ‘Operational Efficiencies’
Jan 21 2011 // In their recently released 2011 World Insurance Report Capgemini and Efma explore how insurers can “dissect their business to identify opportunities that will make fundamental and lasting improvements to their core...
New Employee Benefits Analyst Joins Texas Associates Team
Jan 20 2011 // Texas Associates Insurors has added Grace Jaen as its newest Employee Benefits analyst. Jaen focuses on developing and implementing solutions that help businesses attract and retain the right employees. “With...
Vermont Settles Data Breach Case with Insurer for $55K
Jan 20 2011 // The Vermont Attorney General’s office says a Connecticut-based health insurance company is ready to pay $55,000 to settle a complaint that it didn’t inform customers that personal information had been lost...
Insurers Fined More Than $580,000 in Washington
Jan 19 2011 // Washington Insurance Commissioner Mike Kreidler fined insurers more than $580,000 in 2010 for violations including illegal telephone solicitation and overcharging customers. Kreidler also revoked the licenses of more than...
Ohio Uninsured Motorist Litigation Tied to Money for Charities
Jan 19 2011 // An Ohio insurance company in late 2010 successfully challenged a class action lawsuit involving uninsured motorist/underinsured motorist (UM/UIM) coverage in a case that played prominently in a campaign to change the way...
Michigan Suburb, Insurer Settle Employee Firing Case
Jan 19 2011 // The Detroit suburb of Southgate and its insurance company agreed to pay $300,000 to settle a lawsuit by a former court official who claimed she was fired because she questioned how a longtime judge handled money. At the...
Texas Work Comp December Enforcements Include Fines Up to $78K
Jan 18 2011 // Final enforcement actions taken by the Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC) for December 2010 include fines of up to $78,000. Division of Workers’ Compensationfinal...
Insurers Lash Out at New York ‘Crash Tax’
Jan 14 2011 // The insurance industry will speak out against what it is calling a hidden “crash tax” in New York City during a hearing this morning with fire department officials. The proposal would allow the city to charge...
Australia Begins Flood Cleanup; Insurer Compassion Urged
Jan 14 2011 // Australia’s third-largest city started cleaning up stinking mud and debris on Friday after some of the country’s worst floods on record, but in a sign of the task ahead, it could take six months to pump flood...
Florida Lawmakers Seek Ways to Curb Sinkhole Losses
Jan 14 2011 // Florida lawmakers are trying to address the cost of sinkhole claims, which state officials and insurers say are driving up property insurance rates and could threaten the solvency of some domestic insurers if not brought...
Oh, Deer! West Virginia Herd Costing Insurers $44 Million a Year
Jan 13 2011 // West Virginia deer are causing excessive damage across the state and the Division of Natural Resources’ plan to manage the herd is deficient in addressing the problem, says a legislative audit released this...
