Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Title Insurer Stops Insuring Chase, GMAC Mortgage Foreclosures
Oct 4 2010 // Amid growing concerns about the legal practices of mortgage lenders, Old Republic National Title Insurance told agents Friday it would stop insuring homes foreclosed by JPMorgan Chase & Co., The New York Times reported...
Advertising, Claims Handling Drive Reputations of Auto Insurers
Oct 4 2010 // Consumers have been highly satisfied with their auto insurance companies over the past year, and they view Allstate, State Farm and Geico as the most reputable auto insurance providers, according to a new survey. The...
Texas Agency’s iPhone App Lets Customers Reach Agent on Their Terms
Oct 4 2010 // Who says insurance agents aren’t cool? A Texas-based independent insurance agency has proven they know what’s up with a new iPhone application that gives their customers access to important account information...
Michigan Officials Seek to Force Broker to Remit $1.3 Million Owed to Insurers
Oct 4 2010 // Michigan insurance officials have gone to court to force a Troy insurance broker to remit $1.3 million in premiums he owes to multiple insurance companies. The Office of Financial and Insurance Regulation petitioned the...
Top 25 Carriers’ Second Quarter Results Show Improvement in 2010 Versus Second Quarter 2009
Oct 4 2010 // Benjamin Franklin once said, “Without continual growth and progress, such words as improvement, achievement and success have no meaning.” In a market that continues to be described as soft, the Top 25...
16 Brokers to Use New Single-Entry Commercial Lines Insurance Exchange
Oct 4 2010 // Sixteen insurance brokerage firms have agreed to be the first to use a new Internet-based single entry submission system to transact commercial lines business with carriers, a system that will be made available to all...
Syndicates – The Heart of the Market
Oct 4 2010 // Catlin, and Other Lloyd’s Syndicates As underwriters, syndicates are the heart of the Lloyd’s market. Until the end of the 20th century they were largely funded by wealthy individuals, who pledged their...
UK Auto Market ‘Saturated’ as Claims Rise Says Towers Watson Study
Sep 30 2010 // “The cost of injury claims in the UK car insurance market has grown recently by nearly 30 percent per annum concludes a study, based on industry data, compiled by Towers Watson (TW). TW also noted that the findings...
Southwest Insurance Partners, Lightyear Delos Acquisition to Merge
Sep 29 2010 // Lightyear Delos Acquisition Corp. (LYDAC) and Southwest Insurance Partners Inc. (SWIP) announced they are merging in a transaction that is expected to close in the fourth quarter of this year. The merged entity will be led...
Ohio Adopts Emergency Rule for Children with Pre-Existing Conditions
Sep 28 2010 // The Ohio Department of Insurance has issued an emergency rule to better protect children under age 19 with pre-existing medical conditions by establishing uniform open enrollment periods in Ohio’s individual market...
Insurers Blast New York Coastal Homeowners Insurance Reform Plan
Sep 27 2010 // Insurers are blasting a proposal by New York regulators to reform the state’s coastal homeowners insurance market, a plan one exec called “a solution in search of a problem.” “The insurance industry...
Mississippi Insurance Chief Pushes Back At Allstate Rate Complaint
Sep 27 2010 // Allstate Insurance alleges that Mississippi’s insurance chief ignored an internal actuarial report that justifies the insurer’s request for a 44 percent rate increase when he denied the bid. But Insurance...
Michigan County Hopes Insurer-Gifted Dog Sniffs Out Arsonists
Sep 27 2010 // With big, liquid brown eyes and a mouth that seemed to stretch into a smile, Gunner has the look of a family pet ready to run after a stick and curl up at the foot of a bed. But while he might still do those things, there...
Texas Workers’ Comp Division Announces August Enforcement Actions
Sep 24 2010 // Texas Commissioner of Workers’ Compensation Rod Bordelon recently announced final disciplinary actions taken in August by the Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC)....
State Regulators Develop Rule on Health Insurers’ Medical Spending
Sep 24 2010 // U.S. health insurers should be able to exclude most federal taxes, but not all, in calculating spending rates to meet new healthcare law requirements, an insurance advisory group has proposed. Under a draft plan released...
Michigan Officials Seek to Force Broker to Remit $1.3M Owed to Insurers
Sep 23 2010 // Michigan insurance officials have gone to court to force a Troy insurance broker to remit $1.3 million in premiums he owes to multiple insurance companies. The Office of Financial and Insurance Regulation (OFIR) has...
ISO Developing Data on Driver Behavior for Use by Insurers
Sep 23 2010 // ISO’s Applied Informatix unit is developing a data source for insurers that want to develop state-of-the-art underwriting and rating plans involving driving behavior or use analytics to differentiate their driving...
Illinois Department of Insurance Highlights Pending Health Reform Changes
Sep 22 2010 // The Illinois Department of Insurance is reminding Illinois families and employers that significant new health insurance benefits and protections become effective Sept. 23, 2010. The changes — a result of the Patient...
Colorado Says Nebraska Insurer Pays $153,000 Fine
Sep 22 2010 // Colorado regulators say World Insurance Co. of Omaha, Neb., has paid a $153,000 fine after it was accused of not providing benefits it promised. The state Division of Insurance said that, among other things, the company...
6 Ways Agents Fail Their Workers’ Compensation Customers
Sep 20 2010 // Agents Can Easily Fall into the Trap of Poor Service and Not Even Know It Like most agents, you work hard at writing new accounts, what salespeople through the years have referred to as “getting the fish in the...
