Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Florida Insurers Pin Hopes on Broad Bill Passed by Senate Panel
Mar 11 2010 // With the prospects for a controversial rate deregulation bill dimmed by Gov. Charlie Crist’s threat of a veto, the insurance industry is betting on a new wide-ranging insurance proposal to bring some reform to...
Obama Health Secretary Keeps Pressure on Health Insurers
Mar 11 2010 // Health and Human Services Secretary Kathleen Sebelius ratcheted up the pressure on health insurance companies Wednesday, urging them to forgo short-term profits to make coverage more affordable and to stop fighting the...
A.M. Best B+ (Good) Rated Contractor GL Insurance Carrier Expanding to 35 States
Mar 10 2010 // National Contractors Insurance Company, Inc., a Risk Retention Group (“NCIC”), A.M. Best Rated B+ (Good), is expanding from 25 to 35 states, with their Commercial General Liability coverage now being made...
More New Florida Property Insurers in Trouble?
Mar 10 2010 // Florida insurance regulators this week notified a Jacksonville-based insurer that it has until the end of the month to comply with solvency requirements to avoid suspension or losing its license. And the warning to...
Kinsale Formed as Virginia-Based Specialty Insurer
Mar 10 2010 // Kinsale Capital Group has formed a Virginia-based E&S insurer, called Kinsale Insurance Co., that will underwrite commercial property/casualty and professional liability E&S lines in 31 states and the District of...
House Panels Face Environmental, Insurer Groups Over Catastrophe Bill
Mar 10 2010 // Two House subcommittees have scheduled a joint hearing today on ways to address homeowners insurance costs in disaster-prone communities, an issue that has some environmentalists, taxpayer groups and insurers standing...
Bermuda Insurers, Reinsurers Oppose State Cat Fund Bill – HR 2555
Mar 9 2010 // The Association of Bermuda Insurers and Reinsurers (ABIR) has filed an opposition to HR 2555 which, the Association warns would “replace private sector risk bearing capital with government reinsurance and government...
Why Public Adjusters Are Not Enemies of Independent Agents
Mar 8 2010 // Here’s why working with a public adjuster can be good for an independent insurance agency and for its customers: 1. After a disaster, insureds have hundreds or even thousands of questions and worries. In a...
Insurers Urged to Keep Improvements to Medical Liability Line in Illinois
Mar 7 2010 // The consulting and actuarial firm, Milliman, reports that the Illinois Supreme Court’s overturn of caps on non-economic damages in medical liability cases will increase claim costs in that state. It’s thought...
New Florida Legislative Session Faces Familiar Problems
Mar 7 2010 // Randi Schuknecht worried that her longtime, established insurance company was about to leave Florida — and leave her without a homeowner’s policy. So she found a new insurer — one she wouldn’t have...
Insurers Restricting Coastal Exposure
Mar 7 2010 // The coastal home insurance market continues to tighten. State Farm is only writing a new homeowners policy in Mississippi if another is dropped and Allstate has stopped writing mobile homes on the South Carolina coast....
Ping An Sees No Impact on China Insurance from Prudential/AIG Deal
Mar 5 2010 // Ping An Insurance, China’s No. 2 insurer, said on Friday it was not concerned about a plan by Britain’s Prudential to buy the Asia assets of U.S. insurer AIG, the market leader among foreign insurers in...
Insurer Refuses Payment, Alleging Fire at North Carolina Inn Was Set
Mar 5 2010 // The company that insured a historic inn in western North Carolina is refusing to pay for damages from a fire, saying someone associated with the owners is responsible for the blaze. The owner has accused former employees...
No-Fault Auto Insurance Popularity Declines Due to High Medical Costs
Mar 2 2010 // No-fault automobile insurance, once seen as a way to limit court costs and lower premiums, has declined in popularity among both insurers and consumers because it largely has failed to accomplish either goal, according to...
Medicare Takes Action Against Insurance Company
Mar 2 2010 // An insurance company operating in Hawaii and 20 other states has been ordered to stop marketing and enrollment of new members to its Medicare Part D prescription drug plan. The order affecting Fox Insurance Co. of New York...
Geneva Association: ‘No Systemic Risk from Insurance Core Activities’
Feb 26 2010 // A newly published report from the Geneva Association, which analyzes the role played by “insurance in financial stability and its systemic relevance,” has concluded “that the core activities of insurers...
Celent Releases Report on French Insurance Industry
Feb 26 2010 // Boston-based consulting firm Celent (a part of Oliver Wyman) has been assessing the “subtle but important differences in how insurers from various countries” respond to the issues facing the industry. It has...
New Florida Legislative Session Faces Familiar Insurance Problems
Feb 24 2010 // Randi Schuknecht worried that her longtime, established insurance company was about to leave Florida — and leave her without a homeowner’s policy. So she found a new insurer — one she wouldn’t have...
Federal Rate Regulation Threatens Solvency, Health Insurers Warn
Feb 24 2010 // President Obama’s latest push for a health care overhaul could drive health plans around the country into insolvency, according to an insurance trade group. A plan released Monday by the White House would give the...
U.S. House Passes Repeal of Health Insurers’ Antitrust Exemption
Feb 24 2010 // The U.S. House of Representatives voted Wednesday to take a 65-year-old antitrust exemption away from health insurance companies, leaning hard on an industry that has been the focus of criticism for fast-rising rates. The...
