Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Arizona Privatizing Workers’ Compensation Insurer
May 17 2010 // The Arizona Legislature has approved a bill to privatize the state workers’ compensation insurer as an Arizona mutual insurance company, beginning Jan. 1, 2013. The State Compensation Fund (SCF) was created in 1925...
Trains, Ships and Trucks
May 17 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...
E&O Insights: MGAs Carry a Heavy Errors and Omissions Load
May 17 2010 // Having met the management of many managing general agencies (MGA), and managing general underwriters (MGU), I have been somewhat surprised by their perspective on their errors and omissions (E&O) claim potential. Some...
2010 Super Regional P/C Insurers
May 17 2010 // Demotech Inc. Reveals Leading Multi-State P/C Carriers The original criteria and objective definition for Super Regional P/C Insurers™ was established in the Feb. 12, 2007 issue of Insurance Journal. Prior to the...
Calif. Insurers Agree to Voluntary Sanctions Against Iranian Government
May 14 2010 // California Insurance Commissioner Steve Poizner announced that 1,010 insurance companies — more than 75 percent of insurers licensed to do business in California — have agreed to forgo future investments in 50...
Florida Insurers Head Into Hurricane Season with Fingers Crossed
May 14 2010 // Florida’s property insurance companies haven’t suffered hurricane losses for nearly five years, but many claim to be losing money even while collecting hefty premiums. It’s a complex paradigm for almost...
Arizona Privatizes Workers’ Compensation Insurer
May 13 2010 // Arizona Gov. Jan Brewer signed into law Senate Bill 1045, which repeals and amends state statute, directing the State Compensation Fund — known as SCF Arizona — to privatize and become a mutual insurance...
What Agents Think Makes a Great Insurance Carrier Field Rep
May 13 2010 // Independent insurance agents often rate a carrier with great field representatives higher than others — sometimes elevating them to their “Top 3” carriers. While the performance of insurance company field...
North Carolina Insurers Running Ads Opposing Change to Negligence Standard
May 13 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 when somebody gets hit by a car while crossing the...
Life products, Asset Mgmt. Buoy Allianz, Generali, Aegon, Ageas in Q1
May 13 2010 // European insurers were buoyed by strong sales of life insurance and asset management products on the back of a reviving economy in the first quarter, offsetting big disaster damage claims. Germany’s Allianz,...
Court: Pennsylvania City, Not Insurer, Must Pay Settlement
May 13 2010 // A federal appeals court says an eastern Pennsylvania city and not its insurance company must pay a multimillion-dollar settlement with the widow of a police officer accidentally shot by another officer inside police...
Zurich, Allied World Lead Carriers for OnPoint’s Indian Nations Program
May 13 2010 // OnPoint Underwriting has made Zurich in North America and Allied World Assurance Co. Inc. the lead carriers for its program for Sovereign Indian Nations. These programs are effective July 1, 2010, for all of...
Wisconsin Recovered More than $4.3 Million From Insurers
May 12 2010 // Wisconsin’s Office of the Commissioner of Insurance recently released its 2009 Insurance Complaints and Administrative Actions report summarizing the complaints received across all lines of insurance covering insurer...
McCarty Denies Bill Means Automatic Rate Hikes; Urges Crist to Sign It
May 12 2010 // Florida Gov. Charlie Crist may have just received an important nod he needs to be able to sign a homeowners insurance bill headed towards his desk. In a letter, Florida Insurance Commissioner Kevin McCarty is urging Crist...
2010 A Revolutionary Year for Truckers Insurance
May 12 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...
New Jersey Targeting Growth in Captive and Reinsurance Markets
May 11 2010 // New Jersey Insurance Commissioner Tom Considine praised new, bipartisan legislation that would grow the reinsurance market and create a captive insurance market in the Garden State. The captive insurance bill was put...
Specialty Insurer to Offer High Value Property Lines in Texas
May 11 2010 // PURE Risk Management LLC, based in White Plains, N.Y., is expanding its Privilege Underwriters Reciprocal Exchange (PURE), a member-owned reciprocal insurer, to offer comprehensive, customized property and casualty...
Mississippi Court Gets Insurer USAA Appeal of Katrina Damage Award
May 10 2010 // A dispute between an insurance company and a retired Navy admiral over coverage of damages from Hurricane Katrina has made its way to the Mississippi Supreme Court. The case is among dozens the Supreme Court will hear...
Best Removes Berkshire Companies from ‘Under Review;’ Affirms Ratings
May 10 2010 // A.M. Best Co. has issued three separate bulletins announcing that it has removed a number of Berkshire Hathaway’s insurance companies from the “under review with negative implications” status it announced...
ABI Advises Travelers After Latest Volcano Ash Cloud Disrupts Flights
May 10 2010 // Heightened eruptions from Iceland’s Eyjafjallajokull volcano caused periodic closures of a number of European airports, as flights were cancelled, delayed or rerouted. Transatlantic air traffic between Europe and the...