Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
North Carolina Insurers Oppose Change to Negligence Standard
Jun 7 2010 // North Carolina property and liability insurers are taking their case to the public to impede an effort in the Legislature to change how monetary awards are determined in negligence cases. The Insurance Federation of North...
Trains, Ships and Trucks
Jun 7 2010 // Maritime Law May Limit Compensation for Cargo Damages During the Inland Transportation Part of a Journey That Originated Overseas. In disputes regarding damage to cargo transported over land and water, it is important for...
Dealing With the Cover-Up
Jun 7 2010 // Increase in Falsified Insurance Applications Tied to Economy One of the many consequences of a tight insurance market during tough economic times is that potential insureds may have difficulty obtaining coverage if they...
Calif. Agents Could Face New CE Requirements
Jun 7 2010 // Agents, Insurer Groups Discuss Homeowners Replacement Cost Regulations California insurance agents and producers may face new continuing education requirements on estimating replacement value on homeowners insurance. The...
Study: Overall Purchase Beats Price in Auto Insurance Satisfaction
Jun 7 2010 // While price is a key motivator in the auto insurance shopping process and final purchase decision, its impact on new-buyer satisfaction has declined, compared with one year ago, according to a new industry study. The J.D....
Insurance Programs Must Work for All Involved
Jun 7 2010 // To some, a great solution; to others, a rate war triggering menace. What could that be? Well, insurance programs that have their good and bad points. There Are Several Forms of Programs A master policy covering individual...
Agents’ Top-Rated Carriers Make Fast Adjuster Contacts
Jun 7 2010 // Survey Shows the Amount of Time It Takes an Adjuster to Contact Insured Matters Most Independent agencies and their carriers perform a huge variety of tasks for policyholders when originating and servicing policies, but...
Commercial Market to Remain Stable, Challenging for Risk Managers
Jun 7 2010 // Marsh Sees Insurer Security, Transparency, Accountability as Issues Despite the global economic crisis, the commercial insurance market is poised to remain stable through 2010, but new challenges are emerging for risk...
Oil Rig Tragedies Shock Insurers, Destabilize Market, Says Willis
Jun 4 2010 // The U.S. Deepwater Horizon and Venezuelan Aban Pearl drilling rig losses have left upstream energy insurers with an unprecedented bill of $795 million within the space of a single month, destabilizing the market and...
Insurers: May Storms in Oklahoma Caused $1B in Damage
Jun 4 2010 // Industry representatives say insurance companies likely will pay out more than $1 billion for property damage sustained during a stormy month of May in Oklahoma. An estimate by ISO’s Property Claims Services unit,...
Calif. Bill Increases Disclosure for Pet Insurers
Jun 3 2010 // California lawmakers are bringing a version of health care reform to your pets. A bill that passed this week in the state Assembly would require greater disclosure from health insurance companies that cover animals. The...
S&P Warns P/C Insurers on Reserving Practices
Jun 3 2010 // Property/casualty (P/C) insurers have turned to releasing significant amounts of reserves in the past couple of years, even as the underlying business conditions have deteriorated, but may have to slow this practice,...
Insurers as Venture Capitalists? Maryland Pondering Tax Credit Plan
Jun 2 2010 // Maryland Gov. Martin O’Malley has a new proposal aimed at boosting the amount of venture capital for businesses like bioscience companies. The governor rolled out the proposal on Tuesday during a speech to academic,...
Florida Gov. Crist Vetoes Property Insurance Bill
Jun 1 2010 // As he hinted he would do, Florida Gov. Charlie Crist has vetoed an omnibus property insurance bill (SB2044) that the industry and even the state’s insurance commissioner had urged him to sign. Crist, who was elected...
Ohio Revokes Licenses of Oklahoma, New York Domiciled Insurers
May 28 2010 // The Ohio Department of Insurance has revoked the licenses of two troubled insurance companies: Imperial Casualty and Indemnity Co. of Oklahoma City, Okla., and Atlantic Mutual Insurance Co. (AMIC) of New York, N.Y. In...
Massachusetts AG Wants New Regulations for Insurers, Agents
May 28 2010 // Massachusetts Attorney General Martha Coakley is proposing new regulations that she says will rein in sales and underwriting practices for auto insurers and agents in the state. The regulations come in response to a report...
Maryland Suspends Insolvent Oklahoma Insurer
May 27 2010 // Maryland Insurance Commissioner Beth Sammis has suspended the license of Oklahoma-based Imperial Casualty and Indemnity Co., after a district court in its home state ordered the company liquidated. Oklahoma regulators...
State Farm First Insurer to Apply to Offer Californians Pay-As-You-Go
May 26 2010 // State Farm Mutual Automobile Insurance Co.is the first insurer to submit an application to offer an program that rewards California drivers who voluntarily drive fewer miles with lower auto insurance rates. State Farm is...
Survey: Agents Seek More Real Time Options from Carriers
May 26 2010 // Independent agents and brokers want more carriers to offer real-time functionality, according to a new industry survey. Agents believe those carriers will deliver the greatest benefit in making real time the predominant...
Arkansas Supreme Court: Class Action Suit Against Insurer Can Proceed
May 26 2010 // The Arkansas Supreme Court has affirmed a lower court order certifying class action status in a case involving an insurer’s depreciation practices in property claims against “actual cash value” homeowners...
