Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Carroll, Jarratt and Lee Added to PCI’s Board of Governors
Oct 29 2009 // Steven D. Carroll, Robert Jarratt and Michael H. Lee have been elected as the newest members of the Property Casualty Insurers Association of America’s (PCI) Board of Governors. Carroll, serves as executive vice...
Insurers Association Blasts Washington Flood Proposal
Oct 29 2009 // The State of Washington’s Insurance Commissioner’s proposal regarding a state-run, flood insurance program would probably hurt the insurance market and policy holders throughout the state, the Property Casualty...
Insurer Among Companies Approved for Michigan Tax Credits
Oct 28 2009 // A state economic development board is approving tax breaks for several projects aimed at bringing new jobs to Michigan. One of the companies approved for the tax breaks is Auto-Owners Insurance Group in Delta Township,...
Connecticut Judge: Killer’s Insurance Company not Liable
Oct 28 2009 // A Connecticut judge has ruled that the insurance company for a former Fairfield lawyer who killed his neighbor in 2006 won’t be responsible for any damages that could be awarded in a lawsuit filed by the...
Blame Shifting Begins Over Costlier Auto Insurance in Wisconsin
Oct 27 2009 // As insurance companies begin mailing notices to Wisconsin customers telling them that their premiums are likely to increase soon, state politicians are scrambling to avoid the blame. The first changes expected to affect...
Experts Say Antitrust Repeal Unlikely to Spur Health Insurance Competition
Oct 26 2009 // Democratic lawmakers are seeking to stir up competition by stripping health insurers of their protection from certain federal antitrust laws, although experts shrug off the effort as largely symbolic. Speaker Nancy Pelosi...
Illinois Suspends Operations of Medical Liability Insurer
Oct 23 2009 // Illinois Director of Insurance Michael McRaith has suspended the operations of medical liability insurer Professional Liability Insurance Company of America (PLICA). Under the Department of Insurance order dated Oct. 22,...
2010 Looks to Be Painful Year for P/C Insurers, Brokers: Advisen
Oct 22 2009 // Economists have declared the Great Recession over, but its lingering effects will continue to chip away at commercial property/ casualty premiums through 2010, according to insurance experts. A new Advisen Ltd. briefing...
UAE Health Insurer Daman and Munich Re Extend Strategic Partnership
Oct 22 2009 // The United Arab Emirates National Health Insurance Company, Daman, and Munich Re have extended their strategic alliance and partnership. The bulletin noted that the “initial five-year agreement between both firms was...
Healthcare Battle Turns to Antitrust Law for Malpractice, Health Insurers
Oct 22 2009 // Democrats in Congress moved Wednesday to repeal the health insurance industry’s exemption from antitrust laws, cranking up the pressure in a growing battle over President Barack Obama’s healthcare reform...
Analysts Forecast Healthy Q3 Reports from Insurers
Oct 22 2009 // If the stock market and weather are any indication, third-quarter earnings reports from insurers will look a lot better than they did a year ago. The big companies, which began their reporting season today with Travelers...
Study: Workers’ Compensation Public Options Outperform Private Industry
Oct 21 2009 // An insurance industry think tank has concluded that 25 public and quasi-public workers’ compensation insurance plans perform better financially than the private market in a number of performance categories and at...
S&P ‘Refining and Adapting’ Insurers ERM ‘Adequate’ Assessments
Oct 21 2009 // Standard & Poor’s Rating Services is refining and adapting its methodology for assessing insurance companies’ enterprise risk management (ERM), as set out in a recently published article, “Expanded...
West Virginia Insurer Brickstreet Plans to Trim 24 Jobs
Oct 21 2009 // BrickStreet Insurance is looking to shed about 24 jobs as it continues adjusting to a market in which it’s no longer the sole provider of workers’ compensation insurance in West Virginia. President and CEO Greg...
New Virginia Car Insurer to Host Grand Opening
Oct 20 2009 // Virginia-based Elephant Insurance, a recently launched direct writer for auto insurance, plans to host a grand opening for its new offices tomorrow. The company, which is owned by UK-based Admiral Group, has invited...
California Gets Pay-As-You-Drive
Oct 19 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...
Insurer Interest High in Michigan Credit Score Case
Oct 19 2009 // The Michigan Supreme Court on Oct. 7 heard opening arguments in a closely watched case that may decide the fate of insurers’ use of credit history in setting rates for personal lines policies in that state. In 2005,...
Mississippi Court Rules Home Policy Covers Hurricane Wind Damage
Oct 19 2009 // In a 9-0 decision, the Mississippi Supreme Court has ruled that so-called “all-risk home insurance policies may cover wind damage from hurricanes, even in situations where the loss is later exacerbated by water from...
Private Insurers Avoiding Washington Area Army Corps Says Will Flood Soon
Oct 19 2009 // Insurance brokers say private insurers won’t sell flood insurance in Kent, Renton, Auburn and Tukwila where the Corps of Engineers says Green River flooding is likely this winter. Federal insurance is still available...
Some Mutual Insurers May Need Partners to Grow
Oct 19 2009 // The world’s mutual insurance companies are well placed to continue to grow market share in the wake of the credit crisis, but they also face a vast range of challenges, according to new research. A report by credit...
