Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Best Affirms Ex-AIG Personal Lines Company Ratings; Outlooks Stable
Jul 21 2009 // A.M. Best Co. has affirmed the financial strength ratings (FSRs) of ‘A’ (Excellent) and issuer credit ratings (ICRs) of “a” of the operating insurance units of the former AIG Personal Lines Group,...
Tackling Client Bankruptcy
Jul 20 2009 // How to Help Clients Work Through the Challenges of Going Under 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;...
How Independent Agents View Super-Regional Carriers
Jul 20 2009 // Survey Says Carrier Size Matters But So Does Price, Underwriting and Service When it comes to selecting a carrier partner, size matters. But when it comes to ending a carrier relationship, price, underwriting flexibility...
Survey: Carrier Size Matters But So Do Price, Underwriting and Service
Jul 20 2009 // When it comes to selecting a carrier partner, size matters. But when it comes to ending a carrier relationship, price, underwriting flexibility and service matter the most. That’s according to the survey —...
South Carolina Chief Refutes Legislative Audit Critical of Some Insurance Department Work
Jul 20 2009 // A report by the auditing arm of the South Carolina Legislature has concluded that the state insurance department overall does a good job regulating insurance companies and their rates but it could do a better job of...
Florida’s Citizens Rate Hikes Fall Short of Industry Hopes
Jul 20 2009 // After three years of no increases, Florida’s Citizens Property Insurance Corp. is about to hike premiums up to 10 percent for many of its policyholders, although not for as many as some insurance insiders and...
Rhode Island Court Rules Insurer Not Obligated to Defend Nightclub Owners
Jul 20 2009 // A Rhode Island court has ruled that a commercial general liability insurance policy held by the owners of the Station nightclub does not require the insurance company to defend them against criminal charges. The case arose...
Insurers Get Tax Credits for Backing Tennessee Venture Fund for Startups
Jul 20 2009 // Newly signed legislation in Tennessee will provide venture money for new companies with high growth potential, such as those involved in biotechnology and other innovations. The money will come from insurance companies...
Insurer Dropped as Defendant in Wisconsin Diocese Case
Jul 20 2009 // A judge has dropped an insurance company from a lawsuit accusing the Catholic Diocese of Green Bay, Wis., of covering up a priest’s sexual assaults. Milwaukee-based Indiana Insurance Co. asked to be dropped from the...
California Closer to Allowing Mileage-Based Auto Insurance
Jul 20 2009 // California Insurance Commissioner Steve Poizner has issued proposed regulations for Pay-Drive (Usage Based Auto Insurance). According to the Commissioner, “Insurers frequently rely on consumers to provide their own...
British Insurers’ Report Denounces Widespread Insurance Fraud
Jul 17 2009 // The UK’s insurers are fighting back in the war against fraud. According to a report published by the Association of British Insurers, “the cost of insurance fraud is now estimated to be £5.2 million [$8.48...
Former Texas Insurance Company Owners Buy Waco Tribune-Herald
Jul 17 2009 // The Waco Tribune-Herald will be under local ownership for the first time in 33 years. Longtime Waco, Texas, insurance businessman and civic leader Clifton Robinson and his son, Gordon Robinson, are buying the 117-year-old...
New York Insurer Targets Worker-SafetyTraining Programs
Jul 16 2009 // The New York State Insurance Fund is reaching out to winners of federal, youth-training grants by offering free workplace safety services to those organizations. Ten organizations in the state — including United Way...
State Farm Florida Withdrawal Plan May Go To Judge
Jul 15 2009 // After months of trying, Florida state officials and State Farm Florida have been unable to agree on the details of the insurer’s plan for withdrawing from the state, so steps have been taken to have an administrative...
Most Bond Insurers Still Plagued by Troubled Assets
Jul 15 2009 // Most bond insurers are headed for liquidation or run-off as losses from troubled assets linger, an analyst at independent research firm CreditSights said Tuesday. While some insurers, such as MBIA and Ambac , are stronger...
North Carolina House Passes Beach Plan Insurance Reform Measure
Jul 15 2009 // The North Carolina House voted 89 to 27 yesterday to approve a measure designed to re-establish the state’s coastal insurance provider, the Beach Plan, as a market of last resort and cap the liability of private...
Today Is Hearing Deadline for State Farm Florida Exit Plan
Jul 15 2009 // Today is an important deadline in the process of settling the terms of State Farm’s withdrawal from the Florida insurance market. Representatives of Florida insurance regulators and State Farm Florida had hoped to...
Michigan Democrats Target Insurers Over Bad Faith Claims Denials
Jul 14 2009 // Democrats in the Michigan House are pushing a dozen bills they say are needed to protect consumers from unfair claims practices by insurance companies. But insurers maintain the measures are unnecessary and will do more...
Best Withdraws ‘Public Data’ Ratings on UK Insurance Companies
Jul 13 2009 // A.M. Best Co. announced that it has “withdrawn all public data (pd) ratings on UK insurance companies. Best last reveiwed the listed companies in December 2007. The financial strength ratings (FSR) and issuer credit...
Insurers to Pay $2.8M in New Jersey Strip-Search Settlement
Jul 13 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...
