Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Georgia Revokes Life Insurer’s License
Jul 7 2008 // Georgia’s insurance commissioner has revoked the license of a life insurance company, banning it from selling policies in the state. It’s the first time John Oxendine has barred an insurer from the state since...
National Insurer Wants to Include Flood Coverage in Home Policies
Jul 7 2008 // One of the nation’s largest insurance companies is lobbying Congress for permission to sell policies that cover damage from both wind and flood water, a plan billed as a way for insurers and homeowners to avoid...
National Insurer Wants to Include Flood Coverage in Home Policies
Jul 7 2008 // One of the nation’s largest insurance companies is lobbying Congress for permission to sell policies that cover damage from both wind and flood water, a plan billed as a way for insurers and homeowners to avoid...
California Considering Pay-As-You-Drive Auto Insurance
Jul 7 2008 // Price at the Gas Pump Spurring Assembly Bill, DOI Regulation California’s Department of Insurance as well as state legislators are considering bringing pay-as-you-drive automobile insurance to the state, a system in...
Japan: Risk and Rewards
Jul 7 2008 // A Glimpse into Japan’s Property and Casualty Market The Japanese property and casualty insurance market is ripe for opportunities, but there also are significant risks in the country, according to Keiji Fukasawa of...
Exclusive Survey, Part 2: Strengths and Weaknesses – What Agents Think of Regional and National P/C Insurers
Jul 7 2008 // Regional P/C Insurers Beat Out Nationals on Compensation, Claims; Nationals Outperform on Technology Regional carriers come out on top in agency compensation and claims services, while nationals outscore regionals on loss...
Unitrin Specialty & Red Shield Insurance Company Form Marketing Venture
Jul 3 2008 // July 3 2008 – Unitrin Specialty and Red Shield Insurance Company announced today that the two companies have formed a marketing relationship that will benefit both company’s appointed agents in Oregon and...
PricewaterhouseCoopers Survey Raises Questions on Enterprise Risk Management
Jul 2 2008 // A new survey, released by PricewaterhouseCoopers (PWC) London office, notes that although significant progress has been made by the insurance industry in adopting enterprise risk management (ERM) techniques, questions...
California Workers’ Comp Insurer Extends Credit to Wildfire Victims
Jul 2 2008 // California State Compensation Insurance Fund announced that it will extend credit to policyholders who have suffered a financial loss or business disruption caused by the hundreds of wildfires burning throughout...
Insurers Welcome Rhode Island Supreme Court Lead Paint Decision
Jul 2 2008 // The property/casualty insurance industry is applauding a recent Rhode Island court ruling on lead paint for confirming that a state’s product liability, not public nuisance, law should govern in such cases. In its...
Fitch Places XL on Rating Watch Negative
Jul 1 2008 // Fitch Ratings has placed the ratings of XL Capital Ltd. and its P/C (re)insurance subsidiaries, including the Issuer Default Rating (IDR) and the Insurer Financial Strength (IFS) rating of lead (re)insurance companies XL...
Mo. Gov. Blunt Asks Insurance Companies to Give Grace Period to Flood Victims
Jun 30 2008 // Missouri Gov. Matt Blunt and the Department of Insurance, Financial Institutions and Professional Registration (DIFP) called on insurance companies to provide maximum consideration to flood victims in the coming days....
North Carolina Agents Honor Montgomery Insurance Company
Jun 30 2008 // Montgomery Insurance, a Liberty Mutual Agency Markets regional company received the Independent Insurance Agents of North Carolina young agents company of the year award. Presented during the recent young agents conference...
Condo Insurance Requirements Not Cookie-Cutter
Jun 30 2008 // “Given the great interdependence of the unit owners in the stacked unit condominium situation, mandating property insurance for the entire building is the preferable approach.” This one explanatory sentence...
New York Court Orders Release of Anti-Redlining Report
Jun 30 2008 // New York’s top court has ordered the release of insurance company reports showing automobile policies broken down by zip code so Brooklyn officials can determine whether neighborhoods were deemed high-risk and...
Cat Bond Sales Seen Slowing
Jun 27 2008 // Catastrophe bonds, which allow investors to make bets on disaster, have thrived in recent years, but a number of factors are seen cooling this obscure part of the debt market in 2008. The growth of catastrophe, or...
Nationwide Insurance Pushes to Include Flood Coverage in Home Policies
Jun 27 2008 // One of the nation’s largest insurance companies is lobbying Congress for permission to sell policies that cover damage from both wind and flood water, a plan billed as a way for insurers and homeowners to avoid...
West Virginia Workers’ Comp Insurer Working to Pay off State Loan Early
Jun 27 2008 // The sole provider of workers’ compensation insurance in West Virginia plans to make an early $60 million payment on a $200 million startup loan from the state. Greg Burton, BrickStreet Mutual Insurance Co.’s...
Insurance Companies Help Arizona Teen Drivers Prepare for License Requirements
Jun 26 2008 // Auto insurance companies are supporting parents and teens with driving safety programs as the Arizona Teen Driver Safety Act goes into effect July 1. With the new law, teen driversin the state will have new requirements to...
S&P: Rising Claims, Competition Squeeze Canadian P/C Insurers
Jun 26 2008 // “Lack of premium growth nationwide and diminished results in the Ontario auto segment restrained results for Canadian property and casualty insurers in the past year,” according to a newly published report from...