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