Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Initiative to Change Calif. Auto Insurance Rating Factor Proposed, Faces Criticism
Aug 3 2009 // Californians for Fair Auto Insurance Rates is working on gaining support for a voter initiative aimed at the 2010 ballot that reward drivers who have had insurance for some time to be eligible for a “persistency...
Insurers to Pay $2.8M in New Jersey Strip-Search Settlement
Aug 3 2009 // A southern New Jersey county has approved a $4 million settlement that could end a class-action lawsuit over strip searches done at its jail. The suit claimed unnecessary strip searches were conducted on thousands of men...
State Farm Florida Withdrawal Plan May Go To Judge
Aug 3 2009 // After months of trying, Florida state officials and State Farm Florida have not been able to agree on the insurer’s plan for withdrawing from the state, so steps have been taken to have an administrative law judge...
West Virginia Insurers Fight City Over Debris Removal Account
Aug 3 2009 // Property insurance companies in West Virginia are caught between a rock and a hard place over an ordinance in the city of Huntington that forces them to pay funds on some total fire losses to the city rather than directly...
Private Role
Aug 3 2009 // The property/casualty insurance industry, whose employees do their share of volunteer work and whose financial contributions support many charities, occasionally finds itself involved involuntarily in efforts to improve...
A New Landscape: Notice and Prejudice in Texas
Aug 3 2009 // In the past few years, the Texas Supreme Court has repeatedly addressed the meaning and operation of policy conditions. Perhaps nothing has received as much attention as the conditions relating to notice of an occurrence,...
Colorado Workers’ Comp Insurer Wants to Go Private
Jul 31 2009 // The head of Colorado’s state-chartered workers’ compensation insurance fund says the company wants to go private. Ken Ross, president and chief executive of Pinnacol Assurance, told The Denver Post editorial...
Study: Health, Life Insurers Ignoring Younger Generations
Jul 31 2009 // Age may determine how much health and life insurance companies spend trying to get people onboard. A new study shows health and life insurers pay much more attention to Baby Boomers than they do to Generation X and...
FPIC Insurance Group Buys Texas Med Mal Insurer Advocate, MD
Jul 31 2009 // Jacksonville, Florida-based medical liability insurer FPIC Insurance Group Inc. will acquire Advocate, MD Financial Group Inc. of Austin, Texas for $33.6 million. The deal includes additional considerations of up to $12...
New Hampshire Man Fights Insurance Company in Family Lawsuit
Jul 30 2009 // The owner of the property where a New Hampshire man was murdered is at odds with his insurance company over a wrongful death lawsuit from the man’s family. Michael Connors owned the Deerfield horse farm where Jack...
How to Help Clients Work Through the Challenges of Business Bankruptcy
Jul 30 2009 // Bankruptcy. It’s a word agents and brokers will need to get used to hearing from their business clients. It’s not just occurring on Wall Street; it’s happening every day on Main Streets across the country...
Texas Enacts Windstorm Insurance Reforms; Will They Be Enough?
Jul 30 2009 // During the recently completed 81st Legislative Session, the Texas legislature adopted the most significant reforms to the Texas Windstorm Insurance Association (TWIA) since 1997 with the passage of House Bill 4409 (HB...
Consumer Group Urges Congress to Curb Insurers’ Risky Behavior
Jul 28 2009 // A large U.S. consumer group urged Congress Tuesday to clamp down on insurers’ risky practices after last year’s near collapse of AIG due to its foray into exotic derivative instruments. The Consumer Federation...
Report Claims Public Option Would Not Drive Out Private Health Insurers
Jul 28 2009 // Democrats in the House pounced on a congressional budget analysis to bolster their plan for a government-run health insurance option Monday, as party leaders said they were closer to agreement on healthcare reform. The...
Challenges to Anti-Concurrent Cause Clauses Linger in Katrina Lawsuits
Jul 27 2009 // Hurricane Katrina, in addition to causing unprecedented damage and destruction, added significantly to the workload of state and federal courts in Louisiana and Mississippi. Almost four years after the fact, those courts...
British Insurers State Position on Nat’l. Pandemic Flu Service and Travel
Jul 24 2009 // The Association of British Insurers (ABI) has issued a bulletin to coincide with the start up of the UK’s National Pandemic Flu Service. The bulletin notes that the UK’s “travel insurance industry has...
Canada’s Insurers Respond Quickly to Wildfire Crisis
Jul 23 2009 // Insurers in British Columbia “are acting quickly to assist those whose homes and businesses have been affected by the forest fires currently raging in the province,” notes a bulletin from the Insurance Bureau...
Insurer to Pay Bulk of $900K Settlement in Nebraska Fraud Case
Jul 23 2009 // A group of more than 200 investors who believe they were defrauded by their Nebraska-based brokers will share roughly $900,000 in a settlement with one of their brokers’ former employers. The company’s...
Michigan Hopes to Recover Tanker Blast Costs from Insurers
Jul 23 2009 // The state of Michigan says it spent about $170,000 to repair a busy stretch of Interstate 75, which reopened less than five days after a fiery tanker crash caused an overpass to melt and collapse. The Michigan Department...
West Virginia Insurers Fight City Over Forced Debris Removal Escrow Account
Jul 21 2009 // Property insurance companies in West Virginia are finding themselves caught between a rock and a hard place over an ordinance in the city of Huntington that forces them to pay funds on some total fire losses to the city...
