Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Inside the Beltway-Federal Regulation Threat Remains Priority
May 18 2009 // Health care reform hasn’t completely overwhelmed federal regulation as a concern in Washington, at least for insurance agents. They believe that given all of the current financial turmoil, some type of financial...
Capital, Capital, or Where Did All the Money Go?
May 18 2009 // At least the global depression has focused people’s minds on some important issues. The Group of 20 (G20) meeting in London acknowledged the need for more capital to shore-up the world’s financial system...
Best Affirms AXA (US) ‘A-‘ Ratings
May 15 2009 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of New York-based AXA Insurance Company, both with stable outlooks. Best...
Hartford, Prudential Among Life Insurers Approved for Treasury Funds
May 15 2009 // At least four U.S. insurers won approval on Thursday to raise billions of dollars through the government’s bank bailout plan, the U.S. Treasury Department said. Hartford Financial , the No. 4 U.S. insurer and beset...
Not So Prodigious: Texas Supreme Court and Late Notice
May 14 2009 // The Texas Supreme Court has been more active in addressing insurance coverage issues than at any other time in the last 20 years. With increasing concern, coverage lawyers are watching closely the areas it chooses to focus...
Agents: Last Chance to Rate Regional Carriers in Insurance Journal-Sponsored Research
May 14 2009 // Channel Harvest Research and Insurance Journal have announced a major new study in the Independent Agency System will be closing soon. Agents still have an opportunity to take the survey, which is probing their attitudes...
DCAP Morphs from Agency Franchiser into Insurer
May 14 2009 // DCAP Group Inc., an upstate New York franchiser of independent agencies, is ditching its franchise insurance business as part of a strategic move to exit the retail insurance business as it morphs into a reconstituted...
More European Insurers Hit by Market Writedowns
May 14 2009 // More European insurers unveiled writedowns on their investments in a second wave of first-quarter results on Thursday, although some said sales were proving relatively resilient. Analysts said investors were left with...
Florida Rejects Extending Surcharge Ban for Not-At-Fault Accidents
May 14 2009 // Florida officials have rejected a rule that would have expanded a ban on auto insurance surcharges for drivers involved in collisions where they were not found at fault. The state currently prohibits insurers from...
Florida Agents, Consumer Advocate Agree: Insurance Rates Must Go Up
May 14 2009 // With the start of the hurricane season just a few weeks away, a leading Florida consumer advocate joined independent agents at a press conference today to warn that property insurance rates need to be raised if insurers...
Florida Officials, State Farm Expect to Resolve Withdrawal Terms By June 15
May 13 2009 // Representatives of Florida insurance regulators and State Farm Florida believe they will be able to resolve their differences over how the insurer may exit the state’s insurance marketplace by June 15. Lawyers for...
Texas’ March Enforcements Result in $325K in Fines, Restitution
May 12 2009 // Enforcement actions taken by Texas Insurance Commissioner Mike Geeslin that became final during March include eight license revocations, three license denials and fines and restitution totaling more than $325,000. An order...
An Awakened Washington Promises More Stress for Directors & Officers
May 11 2009 // Corporations and their directors and officers are living in fear. Fear of the next financial scandal, the next stock market plunge, the next lawsuit. Fear of bankruptcy. Fear of angry policymakers inside Washington and...
6 Steps For Agents to Take Before Soft Market Hardens
May 11 2009 // Most insurance professionals detest a soft market due to the increase in competition, unreasonably low pricing and increased market vulnerability. Some, however, may appreciate a softening precisely because of the change...
Michigan Supreme Court to Hear Ban on Insurers’ Use of Credit Scoring
May 11 2009 // The Michigan Supreme Court has agreed to hear a case involving a ban on the use of credit scoring by insurance companies. In 2005, the Office of Financial and Insurance Regulation’s (OFIR) promulgated rules banning...
No New Government Funds for AIG
May 8 2009 // American International Group, the giant insurer bailed out by the U.S. government, reported its smallest loss in six quarters on Thursday, hurt once more by investment losses and write downs. AIG has lost more than $100...
Santa Barbara Wildfire Increase 448%, Insurers Ready for Calls
May 8 2009 // A wildfire that began on May 5 in Santa Barbara County, Calif., continues to burn, increasing 448 percent from 500 acres burned yesterday to 2,739 acres burned and at least 20 homes destroyed as of this morning, according...
Ohio Insurer Group: Proposed Fire Service Fees Not Always Covered
May 8 2009 // The Ohio Insurance Institute (OII) says the City of Toledo, and other cities and municipalities considering an additional revenue stream by charging insurers for fire department service runs to local residences should be...
New York Reminds Insurers about $10 Fees
May 6 2009 // The New York State Insurance Department has sent a reminder to all car insurers in the state that an admittedly confusing new law requires carriers to collect a $10 annual fee for each policyholder — at least for...
Insurer Group Assists Auto Theft Prevention Efforts in SE Texas
May 6 2009 // The Insurance Council of Texas (ICT) announced it has joined with the Texas Auto Burglary and Theft Prevention Authority in a crime prevention campaign aimed at preventing auto thefts and auto burglaries in southeast...
