Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Massachusetts AG Wants Hearing on Insurance Company’s Auto Rates
Nov 21 2008 // Massachusetts Attorney General Martha Coakley has asked the Division of Insurance to initiate an administrative rate proceeding to review the new auto insurance rates of Premier Insurance Co., a subsidiary of Travelers...
Health Insurers Back Universal Coverage with Individual Mandate
Nov 20 2008 // The nation’s health insurers have proposed guaranteed coverage for people with pre-existing medical conditions in conjunction with an enforceable individual coverage mandate. Under the industry proposal, health plans...
Lauve to Lead Insurors Group
Nov 20 2008 // Peter Lauve, of Abilene, Texas, has been picked as president of Texas-based Insurors Group, effective Oct. 8. As president, Lauve, also a partner with CBS Insurance located in Abilene, will lead a leading network of agents...
Best, S&P Affirm State Auto Ratings Following Rockhill Agreement
Nov 20 2008 // Both A.M. Best Co. and Standard & Poor’s Ratings Services have affirmed their respective ratings on the State Auto Group of Companies, which are in turn the operating divisions of State Auto Financial...
New York Warns Insurers about Some Homeowners’ Cancellations
Nov 20 2008 // New York Department of Insurance has this advice for insurers in the Empire State: Stop canceling homeowners’ policies simply because a house in unoccupied. That announcement came in the form a circular letter...
North Carolina Urged to Reform Beach Plan Before It’s Too Late
Nov 19 2008 // Another insurance trade group has joined in urging North Carolina officials to reform the state’s coastal insurance pool before it grows so big it swamps smaller insurance companies. The anticipated growth of the...
State Auto to Purchase Rockhill Insurance Group
Nov 19 2008 // State Automobile Mutual Insurance Company has announced that it has agreed to acquire Rockhill Insurance Group of Kansas City, Mo. Closing is expected in the first quarter of 2009, subject to approval by regulatory...
Lloyd’s Expects U.S. To Adopt Federal Regulation of Insurance
Nov 19 2008 // Pushed by the global economic crisis, the United States is expected to embrace federal regulation of the insurance industry as early as 2009, according to some financial and insurance executives. Federal regulation in the...
Insurers Urged to Check Business Process Patents After Bilski Ruling
Nov 18 2008 // A recent federal court ruling could jeopardize the way some insurance, banking and high technology companies protect their business methods through patents. The United States Court of Appeals for the Federal Circuit...
Insurance Information Network Of California Offers Fire Victims Recovery, Claims Info
Nov 18 2008 // With displaced residents of the Southern California fires now returning to their neighborhoods, several home and business owners are now finding themselves facing dozens of questions before they rebuild. To help navigate...
Fire Victims Should Seek Safety, Make Contact with Insurers
Nov 18 2008 // As firefighters work to contain the Tea, Sayre, and Freeway Complex fires throughout Southern California, property/casualty insurance companies are on the ground reaching out to policyholders to facilitate immediate...
Hartford, 3 Other Insurers Seek to Buy Thrifts to Obtain Bailout Funds
Nov 17 2008 // Four insurance companies on Friday asked the government to allow them to buy thrifts so they can qualify to receive federal money under the financial rescue program. Hartford Financial Services Group Inc., Genworth...
Florida Workers’ Compensation Insurers Seek 8.9% Rate Hike
Nov 17 2008 // A Florida Supreme Court ruling has resulted in a request to raise workers compensation rates by 8.9 percent. The National Council on Compensation Insurance filed it Friday, citing last month’s ruling. The justices...
Texas Appeals Court Overturns Ruling on Hospital Fee Guideline
Nov 17 2008 // Texas Mutual Insurance Company and several other insurers say they won a substantial victory Nov. 13 in a Texas appeals court case challenging an abusive pattern of questionable hospital bills for injured workers covered...
What Additional Living Expense/Loss of Use Coverage Means to California Fire Victims
Nov 17 2008 // The skies are filled with smoke, and thousands of homeowners being evacuated from their homes in Southern California. It has been a weekend of devastation with the fires still ablaze. Our Saturday night’s plans...
Berkshire Closes on Deal for 2 White Mountains Insurers in Runoff
Nov 16 2008 // Billionaire Warren Buffett’s Berkshire Hathaway Inc. owns two more insurance companies after completing a deal with White Mountains Insurance Group. Documents filed with the Securities and Exchange Commission show...
Mississippi Rebuilds Its Insurance Markets
Nov 16 2008 // Wind Pool Modernization, Better Building Code Enforcement and Carrier Recruitment Efforts Begin to Pay Off Back in January, when Mike Chaney was getting ready to be sworn in as Mississippi insurance commissioner after his...
Florida Cat Fund Questions Risk Trigger Insurer Ratings
Nov 16 2008 // A.M. Best Co. says based on the credit market contraction and the uncertainty regarding the Florida Hurricane Catastrophe Fund’s ability to fund its claims-paying capacity, it placed several insurers’ ratings...
Strategic Planning for an Increasing Direct Writer Marketplace
Nov 16 2008 // The traditional role of an insurance agent in the sale of insurance products to potential policyholders has changed dramatically over the years. Historically, the agent was the customer’s first and only point of...
Survey: What Keeps Independent Agents Awake at Night?
Nov 16 2008 // Commissions, Technology, Agency Branding and Catastrophe Zones Rank High as Concerns Independent insurance agents and brokers are concerned about the future of contingent commissions, according to a recent survey. But...
