Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Customers Happier with Homeowners Insurers
Oct 19 2009 // For the first time in five years, customers are significantly happier with their homeowners insurer than they were in the past, according to market research firm J.D. Power and Associates 2009. In its survey, the National...
Insurers Backing Away from Homes with Chinese Drywall
Oct 16 2009 // James and Maria Ivory’s dreams of a relaxing retirement on Florida’s Gulf Coast were put on hold when they discovered their new home had been built with Chinese drywall that emits sulfuric fumes and corrodes...
In Error, Louisiana Paid Incentives to Insurers Too Soon
Oct 16 2009 // Louisiana’s Department of Insurance improperly made $29 million in incentive payments to five insurance companies before having all the agreements finalized, according to an audit from Legislative Auditor Steve...
Manulife Buys Pottruff & Smith; Now Canada’s No. 2 Travel Insurer
Oct 16 2009 // Manulife Financial, Canada’s biggest life insurer, announced on Thursday that it has acquired Pottruff & Smith Travel Insurance Brokers Inc. in an all cash deal that will make it Canada’s No. 2 travel...
Best Affirms Ratings for Northbridge (Fairfax) Operating Companies
Oct 16 2009 // A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Markel Insurance Company of Canada, Federated Insurance Company of...
P/C Insurance Company Salaries Holding Steady
Oct 15 2009 // Despite tough economic times, salary budgets within the property/casualty insurance industry appear to be holding steady, according to a new study from an insurer trade group. According to the Property Casualty Insurers...
Obama Official Questions Need for Insurance Antitrust Exemption
Oct 15 2009 // There are “strong indications” that the justifications for the insurance industry’s limited antitrust exemption that existed in 1945, when McCarran-Ferguson was enacted, are no longer valid, an Obama...
Insurers Happy About Quiet Atlantic Hurricane Season
Oct 14 2009 // Thanks to El Nino, the 2009 Atlantic hurricane season has been the quietest in more than a decade, offering a reprieve for residents in the danger zone and a chance for insurance firms to refill depleted coffers. With the...
NTSB Turns Louisiana Plane Crash Site Over to Insurers
Oct 14 2009 // The National Transportation Safety Board has completed its on-scene investigation of a midair collision in Louisiana that killed both men in one plane and injured a man and a woman in another. Board spokesman Terry...
White House Blasts Health Insurers’ Report on Costs of Reform Bill
Oct 13 2009 // The White House Monday blasted a report from the health insurance industry that said Senate healthcare legislation would lead to increases in annual insurance premiums of as much as $4,000 by 2019. The report for the...
Mississippi Court Rules Home Insurance Policy Covers Hurricane Wind Damage
Oct 9 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...
Insurer Urges Sale of Oklahoma’s CompSource
Oct 9 2009 // The state of Oklahoma could raise between $150 million and $200 million if it sold the agency that writes worker’s compensation insurance to the highest private bidder, officials of a Chandler-based insurance company...
Arguments For and Against Credit Scores Begin in Michigan Court
Oct 9 2009 // Attorneys on both sides of the issue argued before the Michigan Supreme Court on Oct. 7 as to whether insurance companies should be allowed to use credit history in setting auto and home premium rates. The practice was...
New York Med Mal Insurer Reducing Buy-in for New Policyholders
Oct 8 2009 // J. M. Woodworth RRG, Inc., a medical malpractice Risk Retention Group that insures physicians and surgeons in New York, is reducing the capital new policyholders are required to pay by 83 percent through the end of this...
California Insurers Waive Flu Shot Co-Pay
Oct 8 2009 // California ‘s six largest health insurers will waive co-pays and deductibles to make sure their members can all get the H1N1 flu vaccine, state Insurance Commissioner Steve Poizner announced yesterday. “I am...
Insurer Interest High in Michigan Credit Score Case
Oct 8 2009 // The Michigan Supreme Court on Oct. 7 heard the opening arguments in a closely watched case that may decide the fate of insurers’ use of credit history in setting premium rates for personal lines policies in that...
Louisiana Agency Named Trusted Choice Agency of the Month
Oct 7 2009 // Dupre Carrier Godchaux Agency Inc., located in Louisiana’s Acadiana region, has been named the Trusted Choice Agency of the Month by Trusted Choice, the consumer branding program for independent insurance agents and...
Mutual Insurers Positioned for Growth But Some May Need Partners
Oct 6 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...
A.M. Best Withdraws Ratings of 2 Midwest Mutual Insurers
Oct 6 2009 // A.M. Best Co. announced that, in separate actions, it has withdrawn the ratings of two Midwest-based mutual insurance companies at the request of those companies. Best affirmed the financial strength rating (FSR) of C++...
Changes at Tower Hill Secure Rating from Demotech
Oct 6 2009 // Insurance company rating firm Demotech, Inc. said it has affirmed the Financial Stability Ratings of A, Exceptional, assigned to Tower Hill Prime Insurance Co., Tower Hill Preferred Insurance Co., Tower Hill Select...
