Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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...
Florida Insurer Blames Exit on Fraud
Sep 20 2010 // With a letter sent out a few weeks ago, Explorer Insurance announced that it will no longer write private automobile policies in Florida because there is too much fraud. “The company is taking this action in light of...
North Carolina Workers’ Compensation Insurers Seek Slight Increase
Sep 20 2010 // North Carolina Insurance Commissioner Wayne Goodwin has received the 2010 workers compensation rate filings from the North Carolina Rate Bureau, the organization that represents the state’s workers compensation...
Insurers Probed Over Major League Baseball Teams’ Financial Data Leak
Sep 20 2010 // The New York Times reported that a Major League Baseball investigation into leaked financial documents is focused on insurance companies that do business with clubs. The Times reported the companies under investigation...
Florida’s Citizens Says Sinkhole Claims Require Rate Hike
Sep 20 2010 // At a hearing before the Florida Office of Insurance Regulation, Citizens Property Insurance Corp. officials blamed sinkholes as the major reason the public insurer needs a rate increase. Testifying at the public hearing in...
Wind Inspectors in Louisiana Say Insurers Vary on Proof for Discounts
Sep 20 2010 // In the entire state of Louisiana, there are only 16 of them, and they want business. They are certified wind inspectors, and for $150 to $200 they say they can knock hundreds of dollars off homeowners’ annual...
6 Ways Agents Fail Their Workers’ Comp 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...
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...
The Future for Independent Insurance Agencies
Sep 20 2010 // Proactively Manage Your Future and Be Ready for Change I believe the future of independent insurance agencies is at a tipping point. A number of forces are pushing agencies toward the precipice of major change. A few of...
University Study of P/C Insurers Finds Bad CEOs Can Wreck Companies
Sep 20 2010 // When companies go out of business, their leaders often blame something other than their own performance for the failure. Lehman Bros.’s CEO Richard Fuld said his compensation package had nothing to do with his...
6 Ways Agents Fail Their Workers’ Comp Customers
Sep 20 2010 // Like most agents, you work hard at writing new accounts, what salespeople through the years have referred to as “getting the fish in the boat.” But it doesn’t take a master angler to know that once you...
E&O Insight: Attention Personal Lines Unit!
Sep 20 2010 // Why Homeowners is a Major Cause of E&O Claims When reviewing errors and omissions (E&O) claims frequency by line of business, homeowners ranks third behind two commercial lines products (casualty and property)....
U.S. Group Health Premiums Rose 3% in 2009; Individual Up 15%
Sep 17 2010 // U.S. health insurers took in 7 percent more revenue from premiums from individual, group and other policies in 2009 than in the previous year, even as the number of those people with coverage fell, according to a report...
Slain Iowa Teen’s Family Settles with City’s Liability Insurer
Sep 16 2010 // The parents of a slain Waterloo girl will receive $103,000 in a settlement of their wrongful death lawsuit against the city. The Waterloo-Cedar Falls Courier reported that the city’s liability insurance carrier,...
Insurer Reaches Settlement with Texas Over Racial Bias in Rates
Sep 16 2010 // A life insurance company has reached a settlement with state regulators over discrimination in rates charged to black policyholders. A statement issued by the Texas Department of Insurance said Austin-based Citizens...
P/C Insurers Post First Half Profit Despite Underwriting Losses
Sep 16 2010 // Private U.S. property/casualty insurers’ net income after taxes rose to $16.5 billion in first-half 2010 from $6 billion in first-half 2009, with insurers’ overall profitability as measured by their annualized...
4 Additional Carriers Join Target Markets Program Administrators Group
Sep 16 2010 // The Target Markets Program Administrators Association (TMPAA) reports that four additional program carriers have joined the group. Admiral Insurance Co., General Star Management Co., State National Companies and Torus...
ACE Receives Approval to Acquire Malaysian Insurer
Sep 14 2010 // The ACE Group announced that it has “received approval from Malaysia’s financial regulator, the Minister of Finance, through Bank Negara Malaysia, to acquire Jerneh Insurance Berhad, a general insurance company...
Ohio Insurance Institute: State’s Insured Losses from Ike – $1.255B
Sep 14 2010 // For some Ohioans, the memory of Hurricane Ike is only surpassed by the damage it caused last Sept. 14 as it made its way across the Buckeye State packing winds at speeds equal to a Category 1 hurricane (up to 74...
Drugmaker Lilly Wins Reversal of Overpricing Case Brought by Insurers
Sep 13 2010 // A federal appeals court decertified a class of unions and insurers that accused Eli Lilly and Co. of overpricing its Zyprexa anti-psychotic drug after misrepresenting its efficacy and side effects. The U.S. Second Circuit...
