Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
UK Insurers Hit with over 2,300 Fraudulent Claims Every Week
Jul 26 2010 // The UK’s insurers are detecting more fraudulent insurance claims than ever according to figures released by the Association of British Insurers. The ABI said that insurers had received over 2,000 dishonest insurance...
S&P Comments on Dodd-Frank Act’s Implications for Insurers
Jul 23 2010 // A comment from Standard & Poor’s Ratings Services notes that the Dodd-Frank Wall Street Reform and Consumer Protection Act “seeks to expand regulation to address many aspects of the financial services...
Donegal Ratings ‘Unchanged;’ Michigan under Review Negative Says Best
Jul 22 2010 // A.M. Best Co. has issued two bulletins following the announcement that the Donegal Group has entered into an agreement to acquire all of the outstanding stock of Michigan Insurance Co., a majority-owned stock subsidiary of...
Distressed and Vacant Properties Fill a Void for Insurers
Jul 22 2010 // The vacant and distressed property segment, which was barely thought of two years ago, has been a beacon of light for insurers. This class has boomed over the last couple years as the economy has forced the closure of many...
Vermont Sees Growth in Number of Captive Insurers
Jul 22 2010 // Seventeen new captive insurers formed in Vermont through the first half of the year, a rate that puts the state on pace to have one of the best years in its history in terms of new captives. Last year the state saw...
Florida Insurers Need Rate Increases, Says Rating Expert
Jul 21 2010 // Florida’s property/casualty insurers appear to have adequate reinsurance and capital in place to withstand at least two major storms this season but their overall fate could hinge on whether they are allowed to raise...
Keller to Oversee Carrier Relations for Keystone Insurers Group
Jul 21 2010 // Pennsylvania-based Keystone Insurers Group has appointed David C. Keller as vice president for carrier relations. Keller, is a 25-year veteran of the insurance industry, spent the last four years with Harleysville...
President Signs Historic Financial Reform Legislation
Jul 21 2010 // President Barack Obama on Wednesday signed a sweeping overhaul of the financial regulatory system. The “Dodd-Frank Wall Street Reform and Consumer Protection Act,” drafted in response to the recent financial...
Judge Rejects Insurers’ Bid to Nix Probe into Oxendine Donations
Jul 20 2010 // A Fulton County judge tossed an attempt by two insurance companies that sought to block an ethics investigation into contributions to Republican gubernatorial hopeful John Oxendine. Judge Kimberly Esmond Adams said in her...
Second California Insurer Files to Offer Pay-As-You-Drive Coverage
Jul 19 2010 // The Automobile Club of Southern California has submitted an application to the state Department of Insurance to offer an insurance program that rewards California drivers who voluntarily drive fewer miles with lower auto...
New Jersey Supreme Court: Insurer Must Defend in House Guest Overdose
Jul 19 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. The ruling by Justice Helen E. Hoens reversed an appeals court...
Risk Managers Not Satisfied With U.S. Insurance Providers’ Service
Jul 19 2010 // Corporate risk managers report a serious and growing disconnect between themselves and their insurance brokers and carriers: At a time when U.S. companies are enhancing internal risk management capabilities and elevating...
Contractual Liability Is Just That
Jul 19 2010 // Texas Court: Exclusion Precludes Coverage for Breach of Contract Where contractors are involved, one of the most intractable problems for a carrier in negotiating and settling claims are the contract liability issues. How...
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...
