Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
El Paso Woman Pleads Guilty to Embezzling Nearly $1M from Insurer
Aug 4 2008 // An El Paso, Texas, woman faces up to 20 years in prison and repaying $940,000 to an insurance company where she worked. United States Attorney Johnny Sutton said 42 year-old Olivia Enriquez pleaded guilty on July 23 to one...
Agents Weigh Independence, Commissions, Markets When Choosing Agency Networks
Aug 4 2008 // Rising Costs, Soft Market Cause Agents to Consider Network Options Maintaining their independence while gaining access to resources and markets are what independent agents consider when deciding whether to join an...
U.S. P/C Insurers’ Catastrophe Losses for Q2 Double to $6 Billion
Aug 4 2008 // Total of 16 Cats Generate More Than 1.2 Million Claims; Average Claim Nearly $5,000 U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $6.025 billion for second quarter property...
Zurich Acquires German Insurer
Jul 31 2008 // The Zurich Financial Services Group announced that its subsidiary, Zürich Beteiligungs-AG (Deutschland), has agreed to acquire 100 percent of the private accident insurer Baden-Badener Versicherung AG. Zurich said the...
Sierra Specialty Appointed Exclusive Underwriter for Topa Insurance Company’s Growers’ Service Insurance Program
Jul 31 2008 // Clovis, CA, July 31, 2008 – Topa Insurance Company, headquartered in Los Angeles, CA is an admitted property and casualty specialty insurer writing personal lines, commercial lines and programs. Topa has partnered...
The Hartford Unveils National Coastal Home Insurance Plan
Jul 31 2008 // The Hartford Financial Services Group Inc. has proposed a far-reaching new plan – one that includes mandatory flood insurance, IRA-like catastrophe accounts, subsidized premiums for homeowners and a federal...
Georgia Insurer Sends Personal Info to Wrong Addresses
Jul 30 2008 // The largest health insurer in Georgia has sent letters containing personal information to the wrong addresses, exposing more than 200,000 Georgians to possible identity theft. The Atlanta Journal-Constitution is reporting...
New York Same-Sex Couple Wins Fight Against Health Insurer
Jul 30 2008 // The New York Civil Liberties Union says a lesbian couple who married in Canada have won their fight against a western New York insurance company over spousal health care benefits. The NYCLU sued Blue Cross & Blue...
N.H. Calls on Insurers to Get More Claims Adjusters to Storm Victims
Jul 29 2008 // Last week’s severe tornadoes and thunderstorms in New Hampshire have prompted the state’s insurance chief to allow temporary emergency licensing of property/casualty claims adjusters to speed up...
Merrill, XL to Bail Out Bond Insurer Security Capital
Jul 29 2008 // Merrill Lynch has agreed to help bail out bond insurer Security Capital Assurance Ltd. by canceling $3.5 billion in credit default swaps and ending litigation. Under the pact, Security Capital will be released from the...
Under The Microscope: Spitzer-Era Ban On Insurer Fees
Jul 28 2008 // Insurance brokerages who lost billions of dollars in revenue under a ban imposed by former New York Attorney General Eliot Spitzer told state regulators on Friday that the rules were never applied universally, and should...
Oakland Files Lawsuit Against Muni Bond Insurers
Jul 28 2008 // Oakland, Calif.’s city attorney said Friday he will file a lawsuit claiming municipal bond insurers duped the city into buying bond insurance despite risks the guarantors faced to their triple-A ratings from insuring...
El Paso Woman Admits Diverting Nearly $1 Million from Insurance Company
Jul 25 2008 // An El Paso woman faces up to 20 years in prison and repaying nearly $1 million to an insurance company where she worked. Prosecutors say 42-year-old Olivia Enriquez pleaded guilty to one count of wire fraud. Sentencing is...
Chubb: Lessons in Globalizing an Insurance Brand
Jul 24 2008 // Chubb Insurance, founded in 1882 in New York, today sells in 28 countries and has about 120 offices throughout North America, Europe, South America, and the Pacific Rim, serving its property and casualty customers. While...
Insurers Say Major North Carolina Storm Could Cost Billions
Jul 23 2008 // Insurance companies say a major hurricane could lead them to pass billions of dollars in charges to homeowners across North Carolina because a state-created coastal insurance plan is underfunded. The News & Observer...
Price a Sticking Point for Bermuda Insurers Looking to Buy Entry into Lloyd’s Market
Jul 23 2008 // A handful of Bermuda insurers see an opportunity to expand their horizons by entering the Lloyd’s of London insurance market, but their interest of late has waned as prices of potential target companies have...
New York Agents Support Expansion of Excess & Surplus Export List
Jul 23 2008 // Insurance agents and brokers in New York have called upon state officials to ease the rules for how agents obtain coverage for some high-risk policies. The Excess Line Association of New York has proposed adding dozens of...
Mass. Insurers, Businesses Balk at Plan to Hike Health Fee
Jul 22 2008 // Massachusetts insurers and business owners have one question for Gov. Deval Patrick: Why us? Patrick is looking to tap insurers, businesses and hospitals to help close a looming $130 million budget hole in the...
Obtaining Optimal Catastrophe Coverage
Jul 21 2008 // In the midst of hurricane season, insurance agents and brokers are reminded of the need for forward-thinking solutions that will help them obtain the best-possible catastrophe coverage for their clients. Following the 2005...
Watchdog Survey Targets Insurers
Jul 21 2008 // Declarations “While Allstate publicly touts its ‘good hands’ approach, it has instead privately instructed its agents to employ a ‘boxing gloves’ strategy against its...
