Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Survey: Agents Report Recession Not as Disruptive as Initially Predicted
Aug 11 2009 // Main Street businesses may still be trying to recuperate from the recession, but independent insurance agencies report that it has not been as disruptive as initially predicted, an exclusive survey reveals. The survey...
Insurers in Crosshairs of U.S. Health Care Reformers
Aug 11 2009 // The debate over reforming the U.S. health care system has zeroed in on one main target: insurance companies. Democrats and the Obama administration plan to spend August battling to win popular support to expand health care...
Oklahoma Lawmakers Launch Study to Privatize Work Comp Insurer
Aug 7 2009 // A legislative task force has begun a study on how best to privatize CompSource Oklahoma, the agency that provides workers’ compensation insurance in the state. Members of a nine-member task force convened Aug 6. The...
North Carolina Senate Approves Beach Plan Insurance Reform Bill
Aug 6 2009 // A bill to rescue North Carolina’s coastal insurance plan handily passed the state Senate on Wednesday by a 42-5 vote, the same day it won approval from a Senate committee. Because the Senate version differs from the...
Arkansas Details Obligations for P/C Insurance Providers
Aug 6 2009 // The Arkansas Insurance Department has posted directives on its Web site that detail compliance requirements for property casualty insurance providers in that state. The insurance department noted that while Arkansas state...
North Carolina House, Senate Agree on Beach Plan Insurance Bill
Aug 6 2009 // The North Carolina General Assembly has approved a bill to reform the state’s coastal insurance system that caps private insurers’ liability for any funding shortfall in the state-backed Beach Plan, reduces...
Colorado Committee Evaluates State’s Workers’ Comp Insurer Pinnacol
Aug 5 2009 // A special committee of Colorado lawmakers is evaluating Pinnacol Assurance, to examine what role the state should have in managing the quasi-governmental workers’ compensation insurer’s business. Ken Ross,...
Regulatory Reform, Rewards for Quality Insurers Ahead, Says Chubb Exec
Aug 5 2009 // Skepticism over the financial condition of insurance companies is healthy and financially strong insurers stand to gain over weaker competitors in today’s market, an executive for a major property/casualty insurer...
North Carolina Senate Panel Approves Beach Plan Rescue
Aug 5 2009 // The North Carolina Senate Commerce Committee today passed legislation (HB 1305) to rescue the state’s underfunded coastal insurer, the Beach Plan. The bill, which already passed the House, will now bypass the finance...
California Releases New Draft of Pay-As-You-Drive Regulations
Aug 4 2009 // The California Department of Insurance has released a new draft of the Pay-As-You-Drive (PAYD) regulations, after receiving dozens of comments from consumer groups, the insurance industry and other invested parties, it...
Consumer Reports: 73% Happy with Their Home Insurance Company
Aug 4 2009 // A new Consumer Reports’ survey of homeowner insurance customers found some good news, especially for people with decent credit and claims history. Lots of consumers are finding lower prices. More than half (53...
Unsafe Truck, Bus Operators Told to Shut Down Are Still on Roads
Aug 3 2009 // Hundreds of tractor-trailer and bus companies ordered to shut down because of federal safety violations ranging from suspended licenses to possible drug use have stayed on the road by using different names, investigators...
Insurers See ‘Full Plate’ of Insurance Issues for Delaware Next Year
Aug 3 2009 // A trade group for insurance companies says Delaware lawmakers will have a “full plate” of legislative insurance issues when they reconvene next year. Among the big issues, according to the Property Casualty...
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...
