Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
California Sets Rules for Pay-As-You-Drive Insurance
Sep 21 2009 // California has issued final pay-as-you-drive regulations, which will guide insurers offering consumers rates that are based on actual as opposed to estimated miles driven. The regulations allow insurers to offer discounts...
Home Insurers Use Lava Maps to Limit Exposure on Hawaii’s Big Island
Sep 18 2009 // The U.S. Geological Survey’s 35-year-old maps of lava danger zones in this southern corner of Hawaii’s Big Island are a tableau of earthy colors and odd shapes originally meant for scientific and planning...
Leahy Bill Repeals Antitrust Exemption for Malpractice, Health Insurance Companies
Sep 18 2009 // Senate Judiciary Committee Chairman Patrick Leahy, D-Vt. has introduced legislation to eliminate a federal antitrust exemption for health insurance and medical malpractice insurance companies. As the Senate prepares to...
Insurers Join Call for Review of Florida’s Insurance Mitigation Discounts
Sep 17 2009 // The arbitrary assignment of premium discounts for certain mitigation features without regard to insurance companies’ base rates or premium calculations for existing business has proven to be the downfall of the...
Lloyd’s Insurer Jubilee Launches New Brand Consolidation Plan
Sep 17 2009 // The specialist Lloyd’s insurer Jubilee Managing Agency Limited announced the launch of a new brand across its operations, which it said reflects “the company’s strategic plans to expand and grow its...
Iowa’s Farm Bureau Mutual Plans to Convert to Stock P/C Insurer
Sep 17 2009 // The board of Farm Bureau Mutual Insurance Co. in West Des Moines, Iowa, has approved a plan to reorganize into a mutual holding company structure. The plan is subject to approvals by the Iowa Insurance Commissioner and the...
ABI Calls for Tax Reform to Keep Insurance Companies in UK
Sep 16 2009 // The Association of British Insurers (ABI) has issued a bulletin calling for reform of the UK’s tax system in order for the country to remain competitive with lower cost domiciles. Citing a recently completed study,...
South Carolina Court Awards $10 Million to Man Cut by Health Insurer
Sep 16 2009 // The South Carolina Supreme Court this week upheld a multimillion verdict against an insurer the justices said revoked a man’s health policy after he tested positive for HIV based solely on a nurse writing down the...
Building of Unique Disaster Research Facility in South Carolina Begins
Sep 16 2009 // The property/casualty insurance industry today officially broke ground for the building of a disaster safety research center in Chester County, South Carolina. The Institute for Business & Home Safety (IBHS) said its...
Text: Sen. Baucus Introduces to Senate Financial Committee Health Bill
Sep 16 2009 // The following announcment was released by the office of Senate Finance Committee Chairman Max Baucus (D,Mont.). Senate Finance Committee Chairman Max Baucus (D,Mont.) today introduced the America’s Healthy Future...
Text: Senate Finance Committee’s America’s Healthy Future Act of 2009
Sep 16 2009 // Chairman’s Mark America’s Healthy Future Act of 2009 Scheduled for Markup By the Senate Committee on Finance On September 22, 2009 America’s Healthy Future Act of 2009 TITLE I—HEALTH CARE...
Missouri to Study Timeliness of Health Insurers’ Reimbursements
Sep 14 2009 // Missouri Gov. Jay Nixon has ordered the state Department of Insurance to determine whether health insurance companies in Missouri are withholding reimbursement payments to health care providers for unreasonable lengths of...
Another New Florida Home Insurer, Sawgrass Mutual, Open for Business
Sep 14 2009 // Sawgrass Mutual Insurance Co. is now selling residential property insurance coverage to Florida homeowners through independent agents. The company was launched last month with $10 million in initial capitalization. CEO...
California Court Rules for Surplus Lines Insurers on Taxes
Sep 11 2009 // A Los Angeles court has ruled that surplus lines insurers need not pay California’s 2.3 percent of gross premiums tax that admitted insurers pay, as well as the 3 percent surplus lines-premiums tax the state...
Hawaii Group Buys Hurricane Insurer Zephyr from Kingsway
Sep 11 2009 // Toronto-based Kingsway Financial Services Inc. has agreed to sell Zephyr Insurance Co., Inc. to Zephyr Acquisition Co., an acquisition vehicle of Ocean Harbor Holding Inc. and MP Holdings LLC, a Hawaiian based investor...
California Issues Regulations for Pay-As-You-Drive Insurance
Sep 10 2009 // California’s insurance commissioner, Steven Poizner, has issued final pay-as-you-drive regulations, which will enable insurers to offer consumers rates that are based on actual miles driven as opposed to estimated...
Obama Urges Congress to End Bickering and Pass Healthcare Reform
Sep 10 2009 // President Barack Obama told Congress Wednesday to end its political bickering and move quickly on a broad healthcare overhaul that would dramatically transform the U.S. health system and insurance market. In a sometimes...
Health Insurer Under Fire From North Dakota Insurance Department
Sep 10 2009 // An audit by the North Dakota Department of Insurance found that Noridian Mutual Insurance Company, doing business as Blue Cross Blue Shield of North Dakota (BCBS), racked up tens of thousands of dollars in excessive...
Wisconsin to Hold Hearing on Insurer Use of Credit Information
Sep 10 2009 // Wisconsin Insurance Commissioner Sean Dilweg will hold a hearing Sept. 14 on the use of consumer credit information in personal lines insurance policies. The public hearing with invited testimony will take place beginning...
Senate Health Proposal Includes Insurer Tax, Co-ops; Excludes Public Option
Sep 9 2009 // Senate Finance Committee Chairman Max Baucus has circulated a healthcare reform proposal he hopes will win support from both Democrats and Republicans. The proposal is based on weeks of intense negotiations by a bipartisan...
