Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Wyoming Insurers That Provide Fraud Tips Shielded From Lawsuits
Nov 22 2010 // Wyoming’s Joint Corporations, Elections and Political Subdivisions Interim Committee has endorsed a draft fraud bill that would protect insurers from civil liability for furnishing information relating to insurance...
Calif. Court Rules Federal Proceedings Equivalent to CGL-Covered Lawsuit
Nov 22 2010 // The California Supreme Court has ruled that the term “suit” in a comprehensive general liability policy includes federal administrative adjudicative proceedings before an administrative law judge of the U.S....
Health Insurance Brokers May Ask Congress to Protect Commissions
Nov 22 2010 // As insurance brokers feared, the Obama Administration has not exempted broker commissions from the formula for the medical loss ratio that health insurers must adhere to beginning in 2011. Brokers say they may ask Congress...
Health Insurers Win Some Breaks with Medical Loss Ratio Rule
Nov 22 2010 // New U.S. health insurance spending rules aimed at ensuring more customer dollars go toward medical care were finalized on Monday, ending a source of uncertainty for investors in the sector. Although the limits are mandated...
Best Upgrades Ratings of Zurich’s U.S. Subsidiaries to ‘A+’
Nov 19 2010 // A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A+’ (Superior) from ‘A’ (Excellent) and issuer credit ratings (ICR) to “aa-” from “a+” of the U.S....
Calif. Commissioner Rejects Increase in Workers’ Comp Cost Benchmark
Nov 19 2010 // California Insurance Commissioner Steve Poizner has rejected – for the third consecutive time – a workers’ comp rate filing submitted on behalf of insurers by the Workers’ Compensation Insurance...
EU to Give Insurance Industry More Time to Prepare for Solvency II
Nov 18 2010 // European Union regulators look set to bow to insurance industry demands for more time to adjust to new solvency rules, with the head of the EU’s insurance watchdog acknowledging that some of the measures would have...
Ireland’s Re/Insurers Not Seriously Affected by Financial Crisis
Nov 17 2010 // Even though Ireland’s financial crisis continues to make headlines, it’s not by any means a national meltdown, and it doesn’t appear to pose a threat to any of the re/insurance companies and brokers, who...
P/C Insurer Rules on Medicare, Medicaid Liability Claims Delayed
Nov 16 2010 // Property/casualty insurers will have some extra time to comply with new Medicare and Medicaid liability claims reporting requirements. The Department of Health and Human Services Centers for Medicare and Medicaid Services...
Moody’s Rates P/C Personal Lines Industry Financially Sound, Highly Competitive
Nov 15 2010 // The U.S. property/casualty personal lines insurance industry remains financially sound despite the weak economy and prolonged soft, though improving, pricing environment, Moody’s Investors Service says in its new...
Inside the Disaster Blaster
Nov 14 2010 // Industry’s $40M Research Center May Someday Lead to Lower Catastrophe Claims For those who question the intelligence of insurance companies, here’s a new industry development that should answer those questions...
Inside the Disaster Blaster
Nov 14 2010 // Industry’s $40M Research Center May Someday Lead to Lower Catastrophe Claims For those who question the intelligence of insurance companies, here’s a new industry development that should answer those questions...
Massachusetts Revises Workers’ Comp Paperwork Snafu
Nov 14 2010 // Bowing to pressure from insurers and agent groups, Massachusetts safety regulators have eased new workers’ comp paperwork requirements for some out-of-state contractors. At issue is a form used by inspectors to...
How Insurance Companies Live For 100 Years and More
Nov 14 2010 // Nearly 13 percent of property/casualty insurance companies today are more than 100 years old, which means they have been through two World Wars and the Great Depression. About 62 percent of 100-year-old companies are...
Bond Insurer Ambac Files for Bankruptcy
Nov 14 2010 // Ambac Financial Group Inc., which was the second-largest U.S. bond insurer before suffering huge losses on risky mortgages, filed for Chapter 11 bankruptcy on Nov. 8. The filing cements Ambac’s decline from a company...
People
Nov 14 2010 // Connecticut-based managing general agency Business Risk Partners has named Mark Bradway as director of broker relations. He has worked in specialty liability for over a decade. He began his career at wholesale broker Swett...
The ‘Secrets of the Ancients’
Nov 14 2010 // How Insurance Companies Can Live to Be 100 and Beyond Companies that seek longevity in the insurance industry should not focus solely on increasing profits. That’s the assessment of Robert P. Hartwig, president and...
Inside the Disaster Blaster
Nov 14 2010 // Industry’s $40M Research Center May Someday Lead to Lower Catastrophe Claim For those who question the intelligence of insurance companies, here’s a new industry development that should answer those questions...
Texas Work Comp October Enforcement Actions Include Hefty Fines
Nov 12 2010 // Final disciplinary actions taken by the Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC) in October include fines of up to $153,000, the department announced. Commissioner of Workers’...
Report Confirms Florida Sinkhole Insurance Woes are Deep, Spreading
Nov 12 2010 // A new state report confirms sinkhole insurance claims are rising in Florida, costing insurers millions of dollars in payouts and expenses, cropping up in counties where they have not been a problem in the past, and showing...
