Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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...
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...
