Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Large Brokers Freed to Go After Contingent Commissions But Will They?
Feb 17 2010 // The nation’s largest insurance brokers have received the go-ahead to begin accepting contingent commissions again — but two of them say they won’t do it. Officials in New York, Illinois and Connecticut...
Live Webinar Tomorrow for Agency Owners and Carriers: When Good CRMs Go Bad hosted by Leads360
Feb 16 2010 // Your insurance leads need special attention to become customers. It is not easy to get sophisticated consumers to buy, and that is why you need to leverage every tool available to make your time as effective as possible....
Keystone Insurers Adds 2 More Kentucky Agencies; Total Now 13
Feb 16 2010 // Keystone Insurers Group (KIG) is continuing its expansion in Kentucky. The company announced it has added Rowland Insurance and Rudd Insurance to its growing list of partner agencies in Kentucky. These two firms join...
Mass. Supreme Court Rules Against Agents in Auto Insurance Lawsuit
Feb 16 2010 // The Massachusetts Supreme Court has sided with the state’s insurance commissioner in a heated lawsuit brought by the state’s insurance agents and Arbella Mutual Insurance Co. over how new companies are assigned...
South Dakota Bills Favor Plaintiff Attorneys over Consumers
Feb 16 2010 // Two bills expected to be heard this week by the South Dakota legislature would favor attorney interests over consumers by changing important policies that control consumers’ insurance costs, according to the Property...
Lloyds Banking Group to Sell its 70% Stake in Online Insurer esure
Feb 12 2010 // The UK’s Lloyds Banking Group is selling its 70 per cent stake in online insurer esure, to a management buyout vehicle to be called esure Group Holdings Ltd. The esure Group is led by the company’s chairman...
Why AIG Omitted JP Morgan from Underwriters for Life Insurer IPO
Feb 12 2010 // American International Group Inc. turned down JPMorgan’s attempts to get in on the estimated $10 billion Hong Kong IPO of its Asian life insurance unit, sources involved with the deal said on Friday, in a snub partly...
Italian Auto Insurers’ Shares Could Gain from Price Increases
Feb 12 2010 // Shares in Italy’s top motor insurers could become more attractive this year because of the likely success of tariff [premium] increases in a market where rivalry from online and bank sales is still weak. Fund...
Florida Court Restricts Litigation Notice Rule Under No-Fault
Feb 11 2010 // A 2001 amendment to Florida’s no-fault law that requires insureds to notify their insurer that they intend to sue cannot be applied retroactively to policies issued before the amendment was enacted. The Florida...
California Continues To Evaluate Insurers’ Iranian Investments
Feb 11 2010 // California Insurance Commissioner Steve Poizner has released a list of 50 companies doing business in the Iranian oil and natural gas, nuclear and defense sectors, and announced that as of March 31, 2010, no investments...
Study: Agent Satisfaction Rises According to Size of Business Placed
Feb 11 2010 // The more personal lines business an agency places with a particular carrier, the more satisfaction the agency reports having with that same carrier. That’s according to a new industry study which states that insurers...
Congressmen Seek Auto Insurers’ Records on Toyota Accidents, Warnings
Feb 11 2010 // Two Congressional leaders are requesting information from five large auto insurers on accidents involving recalled Toyotas. The lawmakers have sent letters to Allstate, Farmers, GEICO, Progressive and State Farm. The...
Storm Prompts Maryland to Ask Insurers for Leniency on Cancellations
Feb 10 2010 // The Maryland Insurance Administration has issued a bulletin insurers in the state asking them to accommodate policyholders who have been impacted by last week’s massive snowstorm. Gov. Martin O’Malley declared...
Nebraska Court: Insurers Must Pay in Pollution Case
Feb 9 2010 // The Nebraska Supreme Court on Feb. 5 upheld a decision ordering two insurance companies to pay about $550,000 of the cost of cleaning up industrial contamination in Hastings. The ruling sets the standard in Nebraska for...
Insurer Pays $5 Million in Deaths of 2 Bicyclists in South Carolina
Feb 9 2010 // An insurance company is paying $5 million to settle a case of a North Carolina driver that struck and killed two bicyclists in South Carolina. The State newspaper reported that a federal judge approved the settlement for...
Massachusetts Settles With Commerce over Insurance Appeals Errors
Feb 9 2010 // Massachusetts has reached a settlement with the Bay State’s largest auto insurer, Commerce Insurance Co., over its failure to report at-fault auto accident determinations made by the state’s board of appeals,...
Accidents Involving Recalled Toyotas Still Have Coverage, Insurers Say
Feb 9 2010 // Toyota owners should place safety first and follow the car manufacturers’ instructions regarding the recalled vehicles, insurers say. After the recall of some 8 million Toyota vehicles, insurers are urging vehicle...
AIG Hires KeyCorp’s Hancock to Oversee Finance, Risk
Feb 8 2010 // American International Group Inc. is expected to hire Peter Hancock, a KeyCorp vice chairman and financial services veteran, in a newly created role, overseeing finance, risk and investments, according to two sources close...
Keystone Insurers Continues Kentucky Expansion; Adds 5 Agencies
Feb 8 2010 // Five more insurance agencies have joined the Keystone Insurers Group in Kentucky, bringing to 11 the total number of KIG agencies in the state. The latest to join are Hayes-Utley-Hedgspeth, Moore Insurance, Cambridge...
Insurance Company Says Oklahoma State Breached Contract
Feb 8 2010 // The insurance company sued by billionaire booster T. Boone Pickens and Oklahoma State University’s athletic fundraising foundation claims the university breached its contract and has no right to recover $33 million...
