Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Health Insurers, Drugmakers Oppose Repeal of Obama Healthcare Overhaul
Nov 12 2010 // Repeal reform? No thanks, say health insurers, drugmakers and others looking for a clearer picture of the U.S. healthcare market after the bruising passage of the controversial overhaul law. Company executives at the...
Best Assigns Aioi Insurance Company (China) ‘A-‘ Rating; Outlook Stable
Nov 12 2010 // A.M. Best Co. has assigned a financial strength rating of ‘A-‘ (Excellent) and an issuer credit rating of “a-” to Aioi Insurance Company (China) Limited, both with stable outlooks. The ratings...
Aon Warns Re/insurers of Heightened Rating Agency Scrutiny in Asia
Nov 11 2010 // Aon Benfield announced that it is “advising re/insurers that rating agencies are likely to increase their scrutiny of catastrophe risk in Asia and that many companies will have to make substantial investments to...
Illinois Disciplinary Actions Include License Denials, Suspensions, Fines
Nov 11 2010 // Illinois Department of Insurance Director of Insurance Michael T. McRaith has issued the following disciplinary orders for September and October 2010: Shango D. Johnson, Chicago – Insurance producer license suspended...
Aon Finds Business Interruption Demand Grows, but Insurers Back Off
Nov 10 2010 // Aon came up with the conclusion that although recent events have “increased demand and enquiries for business interruption insurance,” there is a “decreasing appetite of insurers to pay claims for this...
Workers’ Compensation Fees Would Cost New York Drivers, Insurers Warn
Nov 10 2010 // Proposed 30 percent increases in what medical providers in New York are paid for treating workers’ compensation injuries could have unintended consequences for the state’s motorists, an industry group has...
Ireland Unveils New, Tougher Regulations for Banks and Insurers
Nov 9 2010 // Ireland unveiled a new corporate governance code for banks and insurers on Monday to bring ‘fresh blood’ into boardrooms and prevent a repeat of the excessive risk-taking that precipitated the country’s...
Bond Insurer Ambac Files for Bankruptcy
Nov 9 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 Monday. The filing cements Ambac’s decline from a company...
Washington Orders 6 Chubb & Son Insurers to Stop Writing Policies
Nov 9 2010 // Washington State Insurance Commissioner Mike Kreidler has issued an order to suspend the insurance certificates of six Chubb & Son companies, effective Nov. 18, 2010. The move — which does not affect existing...
How Insurance Companies Can Live to Be 100 and Beyond
Nov 8 2010 // 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 economist for the Insurance Information Institute. In...
Internet Scam Targets Insurer USAA’s Customers
Nov 8 2010 // USAA, the banking and insurance company that caters to military personnel, says it is investigating an e-mail scam aimed at getting its customers’ personal information. The scheme targets a wide number of people in...
Why Now Is a Good Time for Agency Network Growth
Nov 5 2010 // They go by many names — networks, alliances, franchises, clusters and aggregators — but all have similar goals. Aggregator groups have been around the insurance industry for more than three decades but in the past few...
Massachusetts Revises Workers’ Comp Paperwork Snafu
Nov 5 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...
5,000 Coloradoans File Complaints Against Insurers
Nov 4 2010 // Nearly 5,000 formal complaints from more than 26,000 consumer inquiries on insurance questions have been filed by Coloradoans with the state Division of Insurance. According to the DOI’s annual report on...
Kentucky Contractors’ Self-Insurer to Return $11 Million Dividend
Nov 4 2010 // The Kentucky Associated General Contractors Self Insurers’ Fund, a provider of workers’ compensation insurance, said it will return $11.3 million in dividends to its qualifying membership in March of 2011. The...
Calif. State Fund: Getting Better Day by Day
Nov 3 2010 // In the ever controversial topic of workers’ compensation insurance in California, State Compensation Insurance Fund President and CEO Tom Rowe seemingly offers a bit of Zen. Rowe, who took the helm of the company in...
Canadian Insurers’ Earnings Results Seen Stronger, but ‘Messy’
Nov 2 2010 // Low interest rates and write downs are expected to lead to another messy quarter for Canada’s insurers, but recent stock market strength means the profit picture should be brighter than last quarter’s weak...
New York Panel Hears Homeowners Reform Proposals
Nov 1 2010 // New York insurance regulators proposed a series of tweaks to the state’s coastal homeowners insurance market last month, but acknowledged it will probably be months before the state panel tasked with evaluating the...
Why Should Private Companies Buy D&O Insurance?
Nov 1 2010 // Broad Coverage Is Available at a Relatively Low Cost Most public companies don’t need to be persuaded that their company needs directors and officers insurance. However, the view among some private company managers...
Fireman’s Fund Ready to Rally
Nov 1 2010 // Company Focused on Technology Upgrade, Mass Market Strategy Fireman’s Fund’s financials, like other insurance carriers’, got bruised in the first half of 2010. In particular, the Novato, Calif.-based...
