Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
West Virginians May Sue Insurers Under Human Rights Law
Jul 5 2010 // West Virginians can bring bad faith lawsuits against insurance companies under the state’s human rights act, the state Supreme Court of Appeals has ruled. The ruling rejects the widely-held belief that the sole...
2010 a Revolutionary Year for Truckers Insurance
Jul 5 2010 // The year 2010 might be considered revolutionary, as it is ushering in more changes for those who provide insurance for truckers than the industry has seen in a decade. Motor carriers, defined as anyone who uses a vehicle...
Actuarially Sound Rates Remain Elusive Along Texas Gulf Coast
Jul 5 2010 // Insurance company interests have long held that the Texas Windstorm Insurance Association charges rates that are not actuarially sound for the risks it insures, making it impossible for private insurers to compete for...
Construction Claims: Understanding Colorado’s Statutory Notice of Claim Process
Jul 5 2010 // In the construction industry, it is almost inevitable that at some time contractors and design professionals will receive a notice of claim (NOC) letter. This is the first step in the claims process that may lead to an...
2010 A Revolutionary Year for Truckers Insurance
Jul 5 2010 // The year 2010 might be considered revolutionary, as it is ushering in more changes for those who provide insurance for truckers than the industry has seen in a decade. Motor carriers, defined as anyone who uses a vehicle...
What Agents Think Makes a Great Insurance Carrier Field Rep
Jul 5 2010 // Underwriting Authority, Marketing Assistance and Communication Considered Valuable Traits Independent insurance agents often rate a carrier with great field representatives higher than others – sometimes elevating...
Rough Road for Trucking in the New Economy
Jul 5 2010 // Rising Taxes, Inflation Will Force Insurance Market to a ‘Déjà vu All Over Again’ The insurance industry has a long history for cyclical price adjusting, featuring long periods of marginal to inadequate...
Near National P/C Carriers Identified for 2010
Jul 5 2010 // The Demotech Company Classification System Shows 62 Carriers Meet Critieria The original criteria and objective definition for the Near Nationals was established in the Feb. 12, 2007 issue of Insurance Journal. The...
Insurers Divest Nearly $400M in Iran-Related Assets
Jul 2 2010 // California Insurance Commissioner Steve Poizner announced that his focus on reducing the exposure of California policyholders to risky Iran-related investments resulted in insurers selling nearly one-fifth of the assets...
Crop Insurer NAU Sold to QBE
Jul 2 2010 // Lightyear Capital LLC, a New York-based private equity firm, has completed the sale of crop insurer The NAU Group to QBE Holdings, Inc. NAU is now a wholly-owned subsidiary of QBE. As consideration for the merger, QBE made...
Ohio Orders Health Insurer to Refund $6M to Policyholders
Jun 30 2010 // More than 45,000 Ohioans will receive a refund or credit from Community Insurance Co., also known as Anthem, according to Insurance Director Mary Jo Hudson. The Ohio Department of Insurance alleges that Anthem has been...
Neal Bill, HR 3424, Proponents and Opponents Trade Salvoes
Jun 29 2010 // When U.S. Representative Richard Neal (D-MA) introduced, or more properly reintroduced, HR 3424, a bill aimed at closing what its proponents describe as a “loophole” in the U.S. tax code, he ignited, or more...
Keystone Insurers Group Adds 3 More Indiana Agencies
Jun 29 2010 // Keystone Insurers Group (KIG), headquartered in Northumberland, Penn., has added three Indiana franchisees to its growing list of partner agencies. Hummel Insurance Group, Associated Agencies and Rosemeyer Agency bring the...
Homeowners Offered Few Insurance Choices in Hurricane States
Jun 28 2010 // In most hurricane-prone states, homeowners have few choices of insurance coverage, with just eight property and casualty insurers in each state controlling up to 77.2 percent of the market share, according to Weiss...
West Virginia Court OKs Suits Against Insurers Under Human Rights Law
Jun 25 2010 // West Virginians can bring bad faith lawsuits against insurance companies under the state’s human rights act, the state Supreme Court of Appeals has ruled. The court found that the West Virginia Human Rights Act...
A.M. Best: P/C Insurer Financial Impairments Triple Since 2007
Jun 25 2010 // The number of financial impairments for U.S. property/casualty (P/C) insurers have more than tripled since 2007, the last full year before the current recession, rising to 18 in 2009, up from 16 in 2008 and from five in...
Ohioans to Be Affected by Liquidation of Tennessee Insurers
Jun 25 2010 // More than 1,000 Ohioans who have policies with American Trade Association Inc., American Trade Association LLC, Smart Data Solutions LLC and/or Serve America Assurance, will be affected by the liquidation of the companies...
ABI ‘Applauds’ UK’s Budget Austerity; Will Help Insurers to Compete
Jun 23 2010 // Chancellor George Osborne’s budget proposals, featuring spending cuts and new taxes, has received mostly a thumbs up from the Association of British Insurers. Commenting on the measures, Kerrie Kelly, the ABI’s...
P/C Insurers Return to Profitability in Q1 With $8.9B in Net Income
Jun 23 2010 // The property/casualty industry returned to profitability in the first quarter of 2010 despite continuing declines in both written premiums and earned premiums. Private U.S. property/casualty insurers’ net income...
Insurers Revive Cat Bond Market
Jun 21 2010 // Insurers are issuing catastrophe bonds again to complement traditional and cheaper reinsurance and to spread the risks in buying protection against events that could cost them tens of billions of dollars in claims. The...
