Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Florida’s Crist Caught Between Dueling Officials on Insurance Deregulation
Jun 5 2009 // If Florida Gov. Charlie Crist vetoes a bill designed to deregulate pricing for large national property insurers as appears likely, he will be siding with an appointed official over an influential lawmaker. Crist, who is...
Wedding Insurance Gets Another Look in Tough Times
Jun 4 2009 // Fantasies of the perfect wedding never included banquet halls going bust or lovebirds losing their jobs. But a calamity can sneak up on you while you’re consumed with creating your dream day, especially during a...
Association of British Insurers Warns of Regulation ‘Contagion’
Jun 4 2009 // The Association of British Insurers has issued a statement warning that regulators and governments “must not harm other industries, such as insurance, as they deal with the banking crisis.” In a new report,...
Michigan Mandates Insurers File Home, Auto Insurance Forms with State
Jun 4 2009 // Michigan’s insurance regulator is reinstating a requirement that insurance companies submit all home and auto insurance documents and forms to the state insurance department for review prior to using them with the...
Top 100 Profile: Strength in Numbers at Keystone Insurers Group
Jun 4 2009 // As Insurance Journal prepares for another Top 100 Independent Property/Casualty Agency List, to be published in our Aug. 3, 2009, magazine, the editors wanted to highlight a few of the current Top 100 agencies. Throughout...
Regulator: California Workers’ Comp Insurance Rating Bureau Needs to Address Challenges
Jun 3 2009 // The California Department of Insurance has released the audit report of the state’s Workers’ Compensation Insurance Rating Bureau. Recommendations made by the audit suggest that WCIRB should: Begin to collect...
Former Gov. New CEO of Missouri Workers’ Compensation Insurer
Jun 3 2009 // Former Missouri Gov. Roger Wilson has taken over as acting president and CEO of Missouri Employers Mutual. Wilson began May 31 as the leader of the workers’ compensation firm that employs more than 200 people in...
Georgia Court Rules Insurer Not Liable for Voluntary Settlement
Jun 2 2009 // An insured who voluntarily agrees to pay a settlement that is not dictated by a jury verdict cannot sue its insurance company for bad faith failure to defend, even if the settlement is within the policy limits, the Georgia...
P/C Insurers Apply Lessons from Hurricane Katrina
Jun 2 2009 // The property/casualty insurance industry is employing advancements in catastrophe modeling and considering the impact of the creation of a national catastrophe fund as it applies lessons learned from Hurricane...
Insurer Can’t Deny Property Coverage Because of Nearby Excavation
Jun 2 2009 // An insurer can’t cite the commonly used earth movement exclusion to deny coverage to an insured whose property was damaged by excavation to a neighboring lot, a New York Appeals Court has ruled. The case pitted the...
Quality and Protectionism in the Insurance Market
Jun 1 2009 // Why Market Blocking Is Not Best for the Consumer or the Industry The insurance business needs to lose a vestige of the insurance marketplace of the last century. Let’s become more friendly to competition and the free...
40% of Florida Home Carriers Losing Money Even With No Big Storms
Jun 1 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 to warn that property insurance rates need to be raised if insurers are...
Insurance Industry Plays Significant Role in California’s Economy
Jun 1 2009 // The insurance industry plays a significant role in California’s economy, employing hundreds of thousands of workers, investing billions of dollars in state and local governments and paying the fourth largest amount...
State Auto: How a Regional Carrier Weathers the Storms
Jun 1 2009 // CEO Restrepo Talks Cat Losses, Premium Growth and Independent Agents Regional property/casualty insurance companies don’t make headlines like the large institutions. They simply go about their business serving...
Insurers Commend Oklahoma Law Banning “Accident Tax”
Jun 1 2009 // Oklahoma Gov. Brad Henry has signed into law HB 2013, which adds Section 10-118 of Title 47 to the Oklahoma Statutes to prohibit the levying of fees for the response or investigation of a motor vehicle accident by law...
Premium Growth: Top 25 Premium Gainers in 2008 Versus 2007
Jun 1 2009 // What is the impetus for growth? Why do some insurers emphasize growth and others do not? In his Sept. 25, 1961, address to the United Nations, President John F. Kennedy described conformity as “the enemy of...
Economy Forcing Changes in Carrier Investment Philosophy
Jun 1 2009 // Ratings Agencies May Need to Rethink Their Methodologies as Well The current economic environment has produced several influences that in combination are negatively affecting, or at least stressing, property casualty...
A.M. Best Concerned Over Insurers’ Exposure to the Florida Hurricane Fund
Jun 1 2009 // Based on the recently revised projected claims-paying capacity of the Florida Hurricane Catastrophe Fund (FHCF), rating agency A.M. Best has updated its treatment of reinsurance provided to rated entities from this...
California Considers Bill to Expand Insurance Fraud Reporting Law
Jun 1 2009 // The California legislature is considering amending the state’s insurance code to expand the state’s reporting law in insurance fraud. According to the text of AB 802, existing law requires “an insurer, or...
California Wildfires: Coverage Disputes May Be Heating Up
Jun 1 2009 // On a number of well-publicized occasions, California homeowners have been ravaged by a series of wildfires with devastating results. Most recently in May in Santa Barbara, for example, the Jesusita Fire burned 80 homes and...
