Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
California Insurance Commissioner Seeks Disability Changes
Jan 21 2009 // For the second time in two months, Insurance Commissioner Steve Poizner is being accused by his predecessor, Lt. Gov. John Garamendi, of proposing regulation changes that will weaken consumer protections. The latest...
West Virginia Insurer BrickStreet Mutual Elects Flaherty Chairman
Jan 20 2009 // BrickStreet Mutual Insurance Co.’s board of directors has elected Charleston attorney Thomas V. Flaherty to serve as its new chairman. In addition, BrickStreet Senior Vice President and General Counsel Thomas J....
Insurers Buck Against Fire-Safety Discounts in Montana
Jan 16 2009 // Spending to stomp out wildfires could be reduced by training and rewarding homeowners to practice fire-safety defense, Montana lawmakers said as they presented several bills intended to cut costs. The bills could force...
Federal Affairs Chief Merski Latest Executive to Join Zurich from AIG
Jan 16 2009 // Zurich Financial Services Group Inc., which has been on a recruitment spree, said Rich Merski, a former AIG executive, is joining the insurer as head of federal affairs in the United States. Merski most recently managed...
Munich Re Webinar Provides Insights on Nat Cats, Industry Strength
Jan 16 2009 // Munich Re’s Webinar on Thursday – 2008 Natural Catastrophes – presented a detailed analysis of the increasing number of weather related events that concern both primary carriers and reinsurers. It also...
AIG Is Lead Insurer on Airplane Downed in Hudson River
Jan 16 2009 // American International Group Inc. said Friday it was the lead insurer on the US Airways passenger jet that went down in Manhattan’s Hudson River on Thursday. An AIG spokesman, John Jones, said he could not provide...
Why a Small Hairless Lawyer Should be America’s– and Insurers’– First Pet
Jan 15 2009 // Harry Truman might have said it, Bill Clinton did quote it and George Bush, Sr. said he didn’t need the advice because he already had First Lady Barbara Bush but it simply goes like this: “If you want a friend...
Madoff Scandal to Cost Insurers $1.8 Billion, Aon Benfield Says
Jan 15 2009 // While the maximum potential exposed insurance limits resulting from the alleged Bernard Madoff Ponzi scheme are estimated to be above $6 billion, the range of direct insured losses will be a far smaller number, most likely...
Iowa Burial, Health Savings Plan Insurers Merge
Jan 14 2009 // Two Des Moines area insurance companies have signed a letter of intent to merge. West Des Moines-based Homesteaders Life Co. and American Enterprise Mutual Holding Co. of Des Moines will merge under the plan, with...
Lawyers Hope to Fix Catastrophe- Related Insurance Problems
Jan 14 2009 // The nation’s lawyers who deal with insurance issues are developing policy recommendations designed to improve access to insurance coverage, reduce litigation over coverage and mitigate future losses involving natural...
Windstorm Fund a Leading Issue With Lawmakers at Texas Capitol
Jan 12 2009 // Hurricane Ike was the big storm Texas officials feared would hit the coast – and the state’s way of paying for it afterward. When lawmakers convene Jan. 13, they’ll face the financial devastation left by...
Lifelines in the Storm: Pro-Policyholder Developments in 2008
Jan 11 2009 // In light of the enormous losses and cascading failures triggered by the financial crisis, companies across the full spectrum of U.S. industry will be looking to their insurance policies for loss mitigation. Fortunately,...
West Va. Court Absolves Insurer in Underage Drinking Case
Jan 11 2009 // The West Virginia Supreme Court says a homeowner’s insurance company should not be held liable for paying damages stemming from a fatal alcohol-related accident involving underaged drinkers. In its unanimous ruling,...
North Carolina Auto Rate Hike In Escrow Until Court Rules
Jan 11 2009 // Auto insurers may increase premiums on North Carolina drivers by up to 9.4 percent starting Jan. 1, but a court ruling will determine whether they can keep the extra money. The North Carolina Rate Bureau, which represents...
North Carolina Agrees to 4% Home Rate Hike
Jan 11 2009 // North Carolina Insurance Commissioner Jim Long has agreed to permit homeowners insurance companies to hike their rates an overall statewide average of 4.05 percent beginning May 1. This is below the statewide increase than...
Lifelines in the Storm: Pro-Policyholder Developments in 2008
Jan 11 2009 // In light of the enormous losses and cascading failures triggered by the financial crisis, companies across the United States will be looking to their insurance policies for loss mitigation. However, recent developments in...
Actual Cash Value Versus Replacement Cost Value
Jan 11 2009 // Navigating the Valuation Quagmire As the saying goes, the devil is in the details. And insurance agents would be wise to explain the differences between actual cash value (ACV) and replacement cost value (RCV) to...
Lifelines in the Storm: Pro-Policyholder Developments in 2008
Jan 11 2009 // In light of the enormous losses and failures triggered by the financial crisis, companies across the full spectrum of U.S. industry will be looking to their insurance policies for loss mitigation. Fortunately, developments...
California Workers’ Compensation Insurers File for Rate Increases
Jan 11 2009 // The California Department of Insurance has approved rate increases for several workers’ compensation insurers. California Insurance Commissioner Steve Poizner had recommended a 5 percent increase in his rate...
Developing a Sales & Marketing Plan
Jan 11 2009 // Part 2: Designing the Plan The first part of this two part series described the self-analysis of the agency’s book that must precede the development of an effective sales and marketing plan. This is accomplished by...
