Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Medical Malpractice Excluded from Health Insurers’ Antitrust Legislation
Feb 22 2010 // Free-standing legislation introduced by Reps. Betsy Markey of Colorado and Thomas Perriello of Virginia to amend the McCarran-Ferguson Act for health insurers no longer includes text to remove the limited antitrust...
Mississippi Homeowners Learning Credit Score Link to Insurance
Feb 21 2010 // Mississippi Gulf Coast policyholders are well aware a hurricane is guaranteed to hike insurance rates, but fewer realize their credit reports also are factored into homeowner and automobile insurance premiums. Consumers...
Private Crop Insurers Oppose Funding Cuts
Feb 21 2010 // The private crop insurance industry is blasting a proposed restructuring in the crop insurance program it says would cut $4 billion — or $800 million a year — over the next five years. The proposal by the U.S....
California Evaluates Continuous Coverage Discount
Feb 21 2010 // A California voter initiative that will appear on the June 8, 2010, ballot aimed at rewarding drivers who have had insurance for some time to be eligible for a “persistency discount,” even if they change...
Nevada Reminds Producers, Insurers of New Insurance Card Law
Feb 21 2010 // Starting February 1, Nevada motorists are required to present proof of insurance at the Department of Motor Vehicles when registering a vehicle for the first time. To assist Nevadans who might not be aware of this new...
Dispelling the Myth That Wholesalers Add Cost
Feb 21 2010 // Your current retail broker is using a wholesaler and it’s adding to the cost of business. We can reduce your costs by eliminating the wholesaler.” How many times have retail agents and brokers said this when...
European Insurers Increase Payouts, as Capital Recovers
Feb 19 2010 // Two leading European insurers on Thursday unveiled big dividend increases, confirming a sector-wide trend as the industry takes comfort from a steady recovery in its capital strength since the crisis. AXA, Europe’s...
The Cincinnati Insurance Companies Ratings Affirmed
Feb 19 2010 // A.M. Best Co. has affirmed the financial strength rating (FSR) of A+ (Superior) and issuer credit rating (ICR) of “aa” of The Cincinnati Insurance Companies (CIC) and its standard market property/casualty...
Washington Proposal to Ban Insurers’ Use of Credit Scores Stalls
Feb 18 2010 // Washington insurers can continue to use credit scores when rating and underwriting insurance, at least for the time being. Washington Senate Bill 6252, which would have banned credit-based insurance scores, failed to come...
Medical Malpractice Insurers Could Keep Antitrust Protection
Feb 18 2010 // Democrats appear to be removing medical malpractice insurers from a bill to eliminate the antitrust exemption for health insurers in the McCarran-Ferguson Act. According to Politico.com, Democratic aides in the House said...
Hawaii Approves Lincoln Financial Group as Temporary Disability Insurer
Feb 17 2010 // The Group Protection segment of Lincoln National Corp. announced its expansion of state-mandated disability insurance into Hawaii (called temporary disability insurance or TDI in Hawaii). The state of Hawaii requires...
Michigan Requires Insurers to File All Personal Lines Insurance Forms
Feb 17 2010 // Michigan’s insurance regulator is requiring insurance companies to get state approval for any changes to personal lines insurance forms before they use them Office of Financial and Insurance Regulation Commissioner...
Massachusetts Settles with Five Auto Insurers over Unreported Appeals
Feb 17 2010 // Five more auto insurers in Massachusetts have reached settlements with the state’s attorney general over their failure to update at-fault accident information for drivers whom they insure. The companies involved in...
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...
