Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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...
(Re)Insurers Take on $5 Billion Risk with Soccer World Cup Coverage
May 10 2010 // Soccer teams and fans aren’t the only ones girding themselves for the start of the World Cup in South Africa. The world’s insurance companies have sold policies covering $5 billion worth of risks linked to the...
Oregon Advises P/C Industry of Credit Scoring Changes
May 10 2010 // The Oregon Department of Consumer and Business Services Insurance Division is reminding the insurance industry of new credit scoring legislation, which passed in the 2009 Legislative session and apply to personal insurance...
Wisconsin Gov. Signs Texting Bans; Insurers Warn Against All Distractions
May 6 2010 // Wisconsin Gov. Jim Dolye has signed legislation banning drivers from sending text messages while driving. Wisconsin joins Iowa, Kentucky, Michigan, Nebraska and Wyoming as the states to pass laws that ban all drivers from...
Four More Massachusetts Insurers Settle over Driving Records
May 6 2010 // Nearly 10,000 Massachusetts drivers’ records will be corrected after four insurers reached settlements with the state over their failure to do so. Attorney General Martha Coakley’s Office reached settlements...
Insurers’ Gulf Coast Oil Spill Losses Estimated at $1.4B
May 5 2010 // Companies with exposure to the sinking of the Deepwater Horizon oil rig in the Gulf of Mexico are insured for losses totaling about $1.4 billion, according to initial reports. “The insurance losses from the sinking...
74% of Nation’s Top Insurance Companies Are Hiring
May 4 2010 // The insurance industry employment outlook for 2010 is guarded, but cautiously optimistic, according to a new survey that also revealed 74 percent of the nation’s top insurance companies are currently...
Wash. Judge: Insurer Can Be Held Liable for Agent’s Actions
May 3 2010 // In a ruling that’s being closely watched by some insurers, a Thurston County, Wash., judge has affirmed that the state insurance commissioner may hold an insurance company liable for the actions of the...
Florida Lawmakers Pass Omnibus Property Insurance Bill
May 3 2010 // On the final day of this legislative session, Florida lawmakers passed omnibus legislation that aims to bring more control over homeowners insurance costs, raises the state’s minimum capital requirements for...
Arizona Privatizing Workers’ Compensation Insurer
May 3 2010 // The Arizona Legislature has approved a bill that 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...
