Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
New York Insurers Say No-Fault Claims are Driving Up Costs
Nov 6 2009 // No-fault payments for medical claims by auto accident victims in New York have seen a dramatic increase over the last several years, one industry group says, and the state and insurance companies need to redouble efforts...
Survey: Despite Slow Growth, Carriers Still Upbeat About Program Market
Nov 5 2009 // Though fewer of them than a year ago perceive a growing market, carriers still have what must be considered an upbeat opinion of the nation’s program administrators and managing general agents marketplace in light of...
Florida State Senator Wants Clinical Trial Claims Covered
Nov 2 2009 // A powerful Florida state senator wants insurance companies and HMOs to stop denying coverage of routine medical treatment, such as doctor’s visits and X-rays, for Florida cancer patients participating in clinical...
House Health Bill Boosts FTC Authority Over Health Insurers
Nov 2 2009 // Health care legislation headed for a vote in the House would give the Federal Trade Commission authority to look into the health insurance industry at its own initiative, Democratic officials said. The FTC, which...
Forecast: Still Soft
Nov 1 2009 // Analysts Forecast Healthy Q3 Reports from Insurers promised the headline on Insurance Journal Oct.22. Reuters was reporting that third-quarter earnings reports from insurers would look a lot better than they did a year ago...
A Soft Landing
Nov 1 2009 // This soft market is likely to linger into the New Year. Analysts Forecast Healthy Q3 Reports from Insurers” promised the headline on Insurance Journal‘s Web site, www.insurancejournal.com, on Oct.22. Reuters...
Study: Workers’ Compensation Public Options Outperform Private Industry
Nov 1 2009 // State funds blunt the impact of bigger losses through concerted loss prevention efforts. An insurance industry think tank has concluded that 25 public and quasi-public workers’ compensation insurance plans perform...
Agency Co-branding: How to Work in Tandem with Carriers and Others
Nov 1 2009 // One of the most effective ways for an agency to build its book of business is through a co-branded marketing campaign with one of its carriers, a vendor that provides a unique service, or even another agency with...
California Gives Insurers Green Light for Pay-As-You-Drive Auto Policies
Nov 1 2009 // Californians will soon be able to purchase pay-as-you-drive automobile insurance, as the final regulations have been approved. The regulations regarding pay-as-you-drive, which was originally proposed by state Insurance...
Forecast: Still Soft
Nov 1 2009 // Analysts Forecast Healthy Q3 Reports from Insurers promised the headline on Insurance Journal Oct.22. Reuters was reporting that third-quarter earnings reports from insurers would look a lot better than they did a year ago...
It’s Time to Review Essential Procedures for Managing E&O
Nov 1 2009 // Systems, Checklists, Guidelines, Manuals Among Tools Useful in Reducing Agency Errors I have been an insurance broker since 1974. However, my principal occupation is attorney, practicing in insurance law. I have had many...
Washington Commissioner Warns Insurers on Flood Claims
Nov 1 2009 // The Washington State Insurance Commissioner has issued a warning to property insurers with policies in the Green River Valley not to categorically deny flood claims. The Howard Hanson Dam, above the valley, has been found...
Clear Insurance Policy: A Closer Look At Document Language
Nov 1 2009 // Insurance companies are taking another rhetorical beating—this time as a part of President Obama’s promotional campaign for his health care reform proposals. Now a healthy dose of professional introspection can be...
21st Century Holding Targeted by Florida Insurer
Nov 1 2009 // Homeowners Choice, Inc., a Florida-only homeowners insurance company founded in 2006, has sent a letter to the board of directors of 21st Century Holding Co. proposing a merger between the two companies. In an Oct. 12...
Agents’ E&O Marked By Stability, Satisfaction
Nov 1 2009 // As Agency Revenues Fell, At Least E&O Previums Didn’t Rise Independent insurance agents have had plenty to fret about the past year, including falling revenues. Thus stability in the market and pricing for their...
How the Economy Is Altering Architect/Engineering Insurance Buying
Nov 1 2009 // Architects and engineering (A/E) firms, construction professionals and the insurance carriers that serve them are facing unique challenges in this turbulent economic environment. SmartRisk surveyed professional liability...
How to COPE with Apartment Risks
Nov 1 2009 // COPE is generally associated with property underwriting rather than as a risk class-based underwriting acronym. However, the traditional use and definition of COPE can be broadened to highlight the top concerns of...
Plug the Agents’ E&O Gap: Protection from Carrier Insolvency
Nov 1 2009 // Any producer, agent or broker can be exposed to the insolvency of one of their markets. Carriers providing insurance agents’ errors and omissions insurance (E&O) have developed a variety of responses to the...
Georgia Workers’ Compensation Insurer Southeastern US Faces Liquidation
Oct 29 2009 // A workers’ compensation insurer for 3,000 public entities, hospitals, private companies and associations in Georgia has been declared insolvent and will be liquidated. Fulton County Superior Court Judge Thomas...
Insurer Harleysville Posts 488% Q3 Profit Gains to $24.7 Million
Oct 29 2009 // Pennsylvania-based insurer Harleysville Group Inc. saw its third-quarter profits climb to $24.7 million, up 488 percent from $4.2 million in the year-ago period. Revenue at the insurer rose to $244.3 million, up 5 percent...
