Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Arizona Insurers Want To Know When Cameras Catch Speeding
Feb 5 2009 // The Arizona Legislature is debating a bill that would prohibit a state or local authority from using photo enforcement systems to detect speeding violations on state highways. If passed, the bill, HB 2106, also would...
Michigan Auto Insurance System, Costs, Insurers Under Fire
Feb 5 2009 // Michigan’s insurance consumer advocate is charging that drivers are paying a high cost for years of state deregulation of insurance and record insurance company profits. Gov. Jennifer Granholm has threatened...
Farm Bureau County Mutual Insurance Company of Texas Downgraded
Feb 5 2009 // A.M. Best Co. announced it has downgraded the financial strength rating (FSR) to A- (Excellent) from A+ (Superior) and issuer credit rating (ICR) to “a-” from “aa-” of Farm Bureau County Mutual...
Insurance Industry Blasts Granholm’s Call for Rate Freeze, Advocate’s Report
Feb 5 2009 // The insurance industry is not taking the recent attacks by Michigan Gov. Jennifer Granholm and the state consumer advocate lightly. Insurance trade groups have come out swinging against Granholm’s call for a freeze...
S&P Foresees ‘Tough Times’ for Russian Insurers In 2009-2010
Feb 4 2009 // A report from Standard & Poor’s Ratings Services entitled, “Tough Times Will Challenge Russian Insurers In 2009-2010”, published on its RatingsDirect web site, concludes that “Russia’s...
Michigan Blue Cross Wins Battle Over Workers’ Compensation Business
Feb 4 2009 // Michigan Attorney General Mike Cox is not giving up in his battle and will appeal a judge’s ruling in support of Blue Cross Blue Shield of Michigan’s ownership of workers’ compensation insurance...
State Farm Rejects Call to Let Florida Agents Represent Other Insurers
Feb 4 2009 // Florida Chief Financial Officer Alex Sink is urging State Farm Florida to “immediately” let its agents do business with other insurance companies for their more than one million policyholders now that State...
Illinois Court Denies Insurer Claim That Boys’ Deaths Were Single Event
Feb 4 2009 // The accidental deaths of two teenage boys at an excavation site in 1997 were separate occurrences under the liability insurance policy of the property owner, the Illinois Supreme Court has ruled in reinstating a $2 million...
<em>AP</em> Analysis: Florida Insurance Bind Overshadows Louisiana
Feb 3 2009 // Louisiana homeowners stunned by their rising insurance rates should remember that it could be worse. They could live in Florida. State Farm announced recently that it will stop doing business in Florida, the first big firm...
Best’s Solvency II Analysis Concludes Financial Crisis Impacts Insurers
Feb 2 2009 // A report from A.M. Best examines the latest twists and turns of the European Union’s much discussed (and long delayed) implementation of the Solvency II regulations. Best notes that the “current turmoil in the...
Marine Insurance Group Sees ‘Tough Times’ for Insurers
Feb 2 2009 // According to Deirdre Littlefield, president of the International Union of Marine Insurance (IUMI), “While the insurance industry may be more insulated from failure than others in the financial sector, it will not...
Insurers Seek Dismissal of Louisiana Road Home Suit
Feb 2 2009 // Lawyers for major insurance companies are asking a federal judge to dismiss a lawsuit that accuses insurers of trying to profit from a grant program for homeowners devastated by Hurricane Katrina. U.S. District Judge...
State Regulators Deny Life Insurers’ Bid for Looser Capital Requirements
Jan 30 2009 // State insurance regulators voted against a proposal to loosen capital requirements for the battered life insurance industry, shooting down hopes for up to $30 billion in relief. The National Association of Insurance...
Association of British Insurers Faults Competition Commission on PPI
Jan 29 2009 // Nick Starling, the Director of General Insurance and Health of the Association of British Insurers (ABI), issued the following comment on the publication of the Competition Commission’s final remedies on Payment...
Best Affirms Nationwide Group ‘A+’ Ratings, Changes Outlook to Negative
Jan 29 2009 // A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Nationwide Group and its...
Wisconsin Court Sides with Insurer on Underinsured Motorist Coverage
Jan 28 2009 // The Wisconsin Supreme Court has ruled in favor of the insurance company in a closely-watched case involving a farmer’s business auto policy and whether its underinsured motorists endorsement applies to a family...
Insurance in Times of Financial Crisis
Jan 28 2009 // The current financial crisis affects almost every aspect of our business life. That includes insurance. Businesses need to be wise consumers and aware of the legal issues covered by their coverages. Let’s take a look...
Aon Insurer Survey Confirms Desire to Increase UK Commercial Premiums
Jan 28 2009 // According to the Aon’s newly launched “Market Pulse,” underwriters expect motor [auto] insurance premiums for UK companies to increase in the first quarter of 2009. Aon said its new quarterly index...
Marine Insurers Face ‘Shipping Slump’- International Union of Marine Insurance
Jan 28 2009 // “The marine insurance industry is facing one of the most crucial periods it has ever met, and underwriters, given the devastating fall in volumes and values in global trade, will have to ‘run hard to stay in...
Insurers Oppose North Dakota Bill to Ban Use of Credit Scoring
Jan 27 2009 // Property/casualty insuerrs are urging North Dakota lawmakers to defeat a bill that would preclude their use of credit scoring in calculating insurance premiums. The North Dakota Senate Industry, Business & Labor...
