Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
E&O Insights: E&S Market Fraught with Landmines
Jul 19 2010 // Valuable E&S Market Must Be Navigated With Care For probably as long as the concept of insurance has been in existence, so has the excess and surplus (E&S) lines marketplace. It no doubt plays an extremely vital...
Truckers Insurance Headed in New Directions
Jul 19 2010 // Turns in the Road Include Recession, Court Rulings, Safety Initiatives, Coverage Forms The year 2010 might be considered revolutionary in the trucking insurance field, as it is ushering in more changes than those who...
Washington Commissioner Criticizes Insurers’ Credit Score Use
Jul 16 2010 // Washington Insurance Commissioner Mike Kreidler is taking aim at insurers’ use of credit scores, warning consumers that large drops in credit scores could lead them to pay 8 percent to 15 percent more for insurance....
Gale Force Winds Needed to Re-Inflate Insurance Share Prices
Jul 16 2010 // Nobody wishes for a natural disaster, but there’s nothing like a big U.S. hurricane to revitalize shares in property and casualty insurers, currently weighed down by persistently weak insurance prices. Nine analysts...
Ward Group Names Top 50 Performing P/C Insurers
Jul 16 2010 // The Ward Group has named the top 50 property/casualty insurers, based on its evaluation of more than 3,000 companies domiciled in the United States. Companies named to the list had surplus and premiums of at least $50...
Crop Insurers Reluctantly Agree to $600 Million a Year Subsidy Cut
Jul 15 2010 // All 16 private insurance companies that participate in a federal crop insurance program have signed off on the new federal reinsurance agreement that cuts the subsidies they get by $600 million a year for the next 10...
Reinsurance Tax Debate over HR 3424 Heats Up at Committee Hearing
Jul 15 2010 // Both sides presented their views at a hearing of the House Ways and Means Committee on Wednesday, July 14. Compromise over whether or not to disallow deductions for premiums paid to purchase reinsurance from...
Markel to Acquire Workers’ Compensation Insurer FirstComp
Jul 15 2010 // Specialty insurer Markel Corp., has struck a deal worth at least $135 million to acquire Aspen Holdings, which sells workers’ compensation under the name FirstComp to small businesses in 31 states. Aspen, which is...
Insurer to Occupy Majority of Cincinnati’s New Tallest Building
Jul 14 2010 // When complete, the Great American Tower in Cincinnati, Ohio, will be the city’s tallest building, and one crowned with a tiara. City leaders celebrated Tuesday as the final piece was placed into the “grand...
Allstate’s Castle Key Insurers Seek 18-33% Rate Hikes in Florida
Jul 13 2010 // Allstate Insurance subsidiaries in Florida are seeking rate increases from 18 percent to 33 percent. Castle Key Insurance Co. has filed with the Florida Office of Insurance Regulation (OIR) to increase homeowners rates by...
Insurer Ace Replaces Millipore on S&P 500
Jul 9 2010 // Standard & Poor’s Thursday said it will add property and casualty insurer Ace Ltd to its flagship Standard & Poor’s 500 stock index after the close of trading on July 14. Ace will replace Millipore...
Michigan Supreme Court Lifts Ban on Use of Credit Scores by Insurers
Jul 9 2010 // The Michigan Supreme Court has ruled that the Granholm Administration exceeded its authority when it banned the use of credit scoring by insurance companies in the state. The decision means insurers in Michigan can...
Obama Administration Asks Health Insurers to Embrace Reforms Now
Jul 9 2010 // U.S. Health Secretary Kathleen Sebelius, who has bashed insurers over rate increases, is seeking their help in making medical coverage accessible for more patients in the years before major reforms take effect. Sebelius,...
New York to Weigh Expanding Excess Lines Insurance List
Jul 8 2010 // New York Superintendent of Insurance James J. Wrynn said his agency will hold a public hearing on August 20 to explore the possibility of increasing insurance capacity in New York by easing access to unauthorized...
Health Insurer to Pay Connecticut $250K for Data Breach
Jul 8 2010 // A California-based health insurance company has agreed to pay Connecticut $250,000 for losing a disk drive containing private information of 1.5 million customers, including nearly 450,000 state residents. Attorney General...
Arkansas: Consumers Scammed by Insurer Face Claim Deadline
Jul 8 2010 // Arkansas Consumers who were scammed by an unlicensed health benefits company called American Trade Association Inc. (ATA) or its affiliates have until Aug. 31, 2010, to pursue a refund of money they paid for this phony...
New Jersey Supreme Court: Insurer Must Defend in House Guest Overdose
Jul 8 2010 // An insurance company must defend a homeowner who was sued after a woman overdosed on drugs at a house party he held, the New Jersey Supreme Court has ruled. This week’s ruling written by Justice Helen E. Hoens...
Actuarially Sound Property Rates Remain Elusive Along Texas Coast
Jul 7 2010 // Insurance company interests have long complained that the state-backed Texas Windstorm Insurance Association charges rates that are not actuarially sound for the risks it insures, making it impossible for private insurers...
New York Approves Medical Malpractice Insurance Rate Hike
Jul 7 2010 // The average medical malpractice insurance rate increase for New York doctors this year will be five percent. The increase, which took effect July 1, follows two years of rates freezes. New York State Insurance...
Marsh Warns Gulf Oil Disaster Insureds of July 8 Notice Deadline
Jul 6 2010 // Insureds facing the possibility of losses from the BP oil disaster in the Gulf of Mexico are being advised to submit their written notice to their insurance carriers as soon as possible and no later than July 8, 5 p.m....
