Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
6 Steps to Take Before the Soft Market Hardens
Apr 6 2009 // Most insurance professionals detest a soft market because of the increase in competition, unreasonably low pricing and increased market vulnerability. Some, however, may appreciate a softening precisely because of the...
D&O Insurance for Early-Stage Venture-Backed Firms:
Apr 6 2009 // Carriers Scrutinizing More, But Hungry for Business Even for established companies with proven track records, the current directors and officers (D&O) insurance market is challenging. For early-stage companies,...
What’s So Special About Special Event Insurance?
Apr 6 2009 // The pitfalls of not placing special-event coverage, when it’s truly needed and available, can result in catastrophic losses to your insured, and possibly even damage the credibility of your agency and errors and...
An Awakened Washington Promises More Stress for Directors & Officers
Apr 6 2009 // Corporate Leaders Brace For Fallout From Heightened Regulation, Even Corrupt Foreign Practices Corporations and their directors and officers are living in fear. Fear of the next financial scandal, the next stock market...
Study: Agency Satisfaction Linked to Amount of Business Sent to Insurers
Apr 6 2009 // When it comes to an agency’s satisfaction with its personal lines insurance companies, commissions do not rank as tops. Nor do commissions rank second. In fact, out of six satisfaction factors, compensation from an...
Agents to Rate Regional Carriers in New Insurance Journal Sponsored Research
Apr 2 2009 // Channel Harvest Research and Insurance Journal have announced a major new study in the Independent Agency System, to be fielded in April, that will probe agents’ attitudes toward carrier relationships and the...
Massachusetts AG, Insurer Reach Settlement on Policy Plans
Apr 2 2009 // Massachusetts Attorney General Martha Coakley and a North Carolina insurance company have reached a settlement barring the company from using what Coakley described as unfair ratings practices. Occidental Fire and Casualty...
Keystone Insurers Group Realigns Top Management
Apr 2 2009 // Northumberland, Pennsylvania-based Keystone Insurers Group has hired five new executives and restructured its top management team in a move aimed at boosting growth and enhancing services, the company said. Ralph...
Financial Crisis Imperils Re/Insurers Ability to Access Capital
Apr 1 2009 // Insurers and reinsurers may have weathered the global financial crisis comparatively well so far, but they could be facing another threat. “We’re not capitalized enough,” was the way Michael...
Florida Suspends License of Weakened Coral Insurance
Apr 1 2009 // A Florida domestic property insurance company has been told to stop writing business– the second time in a week state regulators have had to act against an insurer. Hollywood-based Coral Insurance, which began doing...
Prepayments Planned by Backlogged Oklahoma Insurer
Apr 1 2009 // A state workers’ health insurance plan in Oklahoma recently came under renewed criticism when state lawmakers and plan administrators said it may take months to get rid of a backlog of more than 200,000 unpaid health...
Massachusetts Enters Second Year of Car Insurance Experiment
Apr 1 2009 // For decades, Massachusetts had some of the nation’s highest automobile insurance premiums and was the last state to have rates determined by the government, not the open market. That changed one year ago this week,...
Illinois Tells Crop Insurer to Cease ‘Improper Rebate’
Mar 31 2009 // The Illinois Department of Financial and Professional Regulation’s (IDFPR) Division of Insurance has ordered First Farm Credit Services to discontinue its Patronage Program, calling the program an “improper...
Insurer Group Takes Issue with Wrongful Death and Other Iowa Bills
Mar 27 2009 // The Iowa General Assembly is considering several insurance-related bills that could pose threats to consumers, including one that would expand wrongful death claims to allow recovery of highly speculative damages, which...
Insurers Find Geithner Regulatory Plan Unclear on Federal Role
Mar 27 2009 // The nation’s insurance industry found some things to like and not to like in Treasury Secretary Timothy Geithner’s proposed restructuring of financial services regulation. While Secretary Geithner said that any...
Study: Agency Satisfaction Linked to Amount of Business Sent to Insurers
Mar 26 2009 // When it comes to an agency’s satisfaction with its personal lines insurance companies, commissions do not rank as tops. Nor do commissions rank second. In fact, out of six satisfaction factors, compensation from an...
Allstate Agents Back in Court over Claims of Age Bias by Insurer
Mar 25 2009 // A group of insurance agents asked a federal appeals court on Monday to revive an age discrimination lawsuit over the Allstate Insurance Co.’s decision to switch thousands of them from employees to independent...
Insurers Oppose Minnesota Consumer Credit Ban Bill
Mar 24 2009 // While insurance consumer advocates step up their criticism of insurers’ use of credit scores, the American Insurance Association (AIA) and Property Casualty Insurers Association of America testified before a...
2 Iowa Insurers Cancel Merger
Mar 24 2009 // Two Des Moines area insurance companies have called off plans for a merger. American Enterprise Group Inc. of Des Moines and Homesteaders Life Co. of West Des Moines said in a joint statement that they’ve nixed the...
Michigan’s Auto Insurance Rate Denials Reignite Credit Scoring Fight
Mar 23 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...
