Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
P/C Insurers Report Surge in Suspicious Claims
Sep 9 2009 // Property/casualty insurance companies report that the number of claims suspected of possible fraud has jumped 13 percent for the first half of this year compared to last year’s first six months. A review of...
Missouri: Medical Malpractice Insurers Profitable for 5th Year in a Row
Sep 8 2009 // Insurance companies providing medical malpractice coverage in Missouri returned a profit in 2008, marking the fifth consecutive year of positive earnings, Missouri Department of Insurance says. The department said its...
Oklahoma Considers Privatizing State-backed Workers’ Comp Insurer
Sep 8 2009 // In a recent meeting of a task force considering privatizing Oklahoma’s state-backed workers’ compensation insurer, CompSource Oklahoma, Nevada insurance executives said workers’ comp rates have dropped in...
People
Sep 7 2009 // ProMutual ProMutual Group has promoted José R. “Joe” Zorola to vice president of underwriting. Zorola previously served as director of underwriting for the Boston-based medical liability insurer. In this new...
Arkansas Among States Said to Be Lax on Motor Carrier Safety
Sep 7 2009 // A new analysis of government data reveals that more than 28,000 motor carrier companies that operate 200,000 trucks have violated federal safety regulations. The trial bar association, the American Association for Justice...
The Perception Gap
Sep 7 2009 // We’ve heard the complaints over and over again: “The insurance industry does a terrible job of public relations.” “The general public thinks insurance people are just one step above car...
Agency Co-branding: How to Work in Tandem with Carriers and Others
Sep 7 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...
Buyer and Agent Beware
Sep 7 2009 // BOP’s Changes for the Better or Worse? Just when I really think I understand a coverage I am blind-sided by the reality of what is actually happening in the insurance industry. I remember the good old days when a...
E&S Brokers Look for Rays of Light at the End of the Tunnel
Sep 7 2009 // Flat Economy, Persistent Soft Markets Have Forced Leaner Business Models, More Automation A poor economy, natural catastrophes and an extended soft market have all combined to nip growth in the excess and surplus lines...
Top 25 Workers’ Comp Insurers Show 36% Increase in Average Direct Premium Written
Sep 7 2009 // Results Based on Insurers’ Growth June 30, 2009, versus June 30, 2008 As I write this article, the unemployment rate in the United States was reported to be 9.4 percent as of the end of July. Gross Domestic Product...
North Carolina Beach Plan Insurance Reforms Become Law
Sep 7 2009 // North Carolina Governor Bev Perdue has signed into law legislation to shore-up the state’s backup coastal insurer and reduce the liability of private insurers should a major catastrophe strike the state. House Bill...
North Carolina Recovers Self-Insurer’s Comp Funds
Sep 7 2009 // North Carolina Insurance Commissioner Wayne Goodwin said that $6.5 million will be returned to 661 employers who formerly were members of the Phoenix Fund Inc., a self-insured workers’ compensation fund that was put...
Florida, Georgia Insurer First Commercial to Be Liquidated
Sep 7 2009 // Miami-based First Commercial Insurance Co. and its subsidiary have been declared insolvent and ordered liquidated about six weeks after being placed under state control. All policies written by FCIC and its subsidiary,...
New Insurer Ascendant to Rescue First Commercial Insureds, Jobs in Florida
Sep 4 2009 // Florida officials announced that a new Miami-based insurance company will pick up the insurance for about 15,000 of the policyholders now with bankrupt First Commercial Insurance Co., which is in liquidation. Florida CFO...
Some State-Run Property Insurance Plans in Precarious Financial Situation
Sep 4 2009 // As the 2009 Atlantic hurricane season enters its peak period, the finances of a number of residual market property plans in hurricane-exposed states are on shaky ground. The credit crunch and prolonged economic downturn...
Missouri Mortgage Insurers Suffer Large Losses
Sep 4 2009 // Companies that sell private mortgage insurance in Missouri suffered their largest losses last year in three decades of record-keeping. The state insurance department says mortgage guaranty insurers had net losses in 2008...
Aon Review Finds Offshore Energy Renewals ‘a Mixed Bag’
Sep 3 2009 // A report from Aon’s London office concludes that “2009 Insurance premiums are predicted to remain flat for offshore energy business for October’s renewals.” The premiums are dependent on location,...
Connecticut AG Wants Car Repair Practices Investigated
Sep 2 2009 // Connecticut Attorney General Richard Blumenthal is urging his federal counterpart, Attorney General Eric Holder, to look into reports that some auto insurers improperly steer consumers toward certain body repair shops...
Specialty P/C Insurer Ironshore Raises $300 Million
Aug 31 2009 // Property/casualty insurer Ironshore Inc. in Bermuda has completed an equity capital deal that will raise $300 million to support the continued expansion of Ironshore’s specialty insurance business. Lead investors in...
Missouri Sues Arkansas Insurer
Aug 31 2009 // Missouri insurance regulators have gone to court to stop an Arkansas-based life insurance company from illegally changing the terms of its cancer insurance policies, the Missouri Department of Insurance announced. The DOI...
