Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Regulators: AIG Not Using Bailout Funds to Underprice Insurance
Mar 18 2009 // Despite some complaints by competitors, American International Group (AIG) does not appear to be using federal bailout funds to lower its insurance prices to keep and attract business, state and federal officials told a...
Insurers’ Use of Credit Scores Faces Renewed Scrutiny by Regulators
Mar 17 2009 // The National Association of Insurance Commissioners (NAIC) has adopted a proposal to review the use of credit-based insurance scoring. The NAIC said it will convene a public hearing to take testimony on how the insurance...
Portion of Former Louisiana AG’s Suit Against Insurers Dismissed
Mar 16 2009 // A federal judge in New Orleans has dismissed some claims in a lawsuit filed by a former Louisiana Attorney General Charles Foti against dozens of insurance companies over payments to policyholders receiving funds from the...
Ohio Windstorm Losses in Feb. Reach Nearly $89M; Ike Losses Rise
Mar 16 2009 // Ohio’s Feb. 11-12 windstorm caused at least $88.9 million in damages, based on preliminary insured loss estimates from the Ohio Insurance Institute (OII), an insurance industry trade group. Widespread losses were...
Bills Filed to Roll Back Texas 2003 Insurance Reforms
Mar 16 2009 // Reforms to the Texas insurance regulatory system put in place by Senate Bill 14 in 2003 are under attack by a coalition of state lawmakers who have filed bills to, among other things, return the rate setting process for...
AIG Collapse Effect on Life Insurance Sector Overstated: Analysts
Mar 13 2009 // AIG’s recent claims that its collapse could threaten not just banking counterparties but also decimate the broader U.S. life insurance industry are alarming but also largely unproven. The contention was made in a...
Entertainment Industry Insurer, CMM Entertainment, Expands in California
Mar 13 2009 // Robert M. Bryar, president of C.M.Meiers Co. Inc. and CMM Entertainment has begun expansion plans to the entertainment division’s Woodland Hills, Calif., headquarters. The company is adding 25 percent more floor...
U.S. Firms Seek Trade Credit Insurance to Protect Revenues
Mar 13 2009 // As the global economy remains in recession, a growing number of U.S. manufacturers and distributors are looking for effective ways to protect their revenue streams. In particular, firms marketing their goods and services...
Report: Japanese Insurers Sompo, NipponKoa to Merge
Mar 12 2009 // Japanese non-life insurers Sompo Japan Insurance and NipponKoa Insurance plan to merge, an industry source said, in the second deal in less than two months in a sector struggling with slumping demand and a dwindling,...
Retired Pennsylvania Judge Gets 46 Months in Jail for Fraud
Mar 12 2009 // A retired Pennsylvania Superior Court judge was sentenced to three years, 10 months in prison Tuesday for falsely collecting $440,000 from insurance companies after being injured in a slow-speed fender bender. Michael...
Florida Surplus Lines Insurance Industry Seeks Regulatory Certainty
Mar 11 2009 // Surplus lines insurance industry leaders in Florida hope legislation working its way through the state Legislature will clarify how the industry will be regulated. The industry has had concerns about its future since court...
Michigan Denies Auto Insurance Rate Hikes Because of Credit Scoring
Mar 11 2009 // Michigan’s regulator has reignited a debate over credit scoring by denying auto insurance companies requested rate increases because their proposed rate schemes include discounts for good credit scores. Commissioner...
Policyholders of Failed HIH Insurance Company Receive Millions in Payments
Mar 11 2009 // Hawai’i Insurance Commissioner J.P. Schmidt has released the final payments from the estate of the failed insurer HIH America Insurance Company of Hawai’i Inc. HIH Hawai’i has now paid 100 percent of its...
Mississippi’s Rep. Taylor Renews Push for Federal Wind Insurance Policy
Mar 10 2009 // Rep. Gene Taylor, D.-Miss., isn’t letting opposition by major insurance companies keep him from pushing his plan to make wind coverage for properties available through the federal flood insurance...
Montana Legislators To Evaluate Auto Repair, Bad Faith Bills
Mar 10 2009 // The Montana legislature will hear bills this week related to auto body repair and what the insurance industry is calling bad faith legislation that could drastically affect the state’s insurance market and insurance...
North Carolina’s Goodwin Warns Against Coastal Rate Freeze
Mar 9 2009 // Legislative efforts to freeze insurance rate increases for coastal homeowners risk making policies less available and more costly for all state residents, North Carolina’s new insurance commissioner has warned. Such...
A ‘Victim’s’ View of Insurer’s Liability in Peanut Product Recall Case
Mar 9 2009 // The story of the salmonella-tainted peanut products distributed by Peanut Corp. of America (PCA) is one of the highest-profile food recall cases in recent memory, and one that holds interesting side stories for the...
Don’t Emulate How the Big Auto Insurers Sell
Mar 9 2009 // Market Auto Discounts Differently It’s pretty safe to say that money isn’t everything. Your health, happiness and, of course, golf are all more important. A lot more important, right? Well, maybe not if you...
Mass. AG Questions Insurer’s High Risk Insurance Auto Rates
Mar 6 2009 // Massachusetts Attorney General Martha Coakley wants a public hearing to review the auto insurance rates of a new company entering the market in Massachusetts. Occidental Fire and Casualty Insurance Co. of North Carolina is...
