Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
India’s WNS Buys Insurer Aviva’s Business Process Offshoring Business
Jul 10 2008 // Back-office firm WNS (Holdings) Ltd said it acquired insurer Aviva’s business process offshoring (BPO) business for about $228 million, a deal that will give the company $1 billion worth of outsourced work over a...
Florida Property Insurer Offers Boat Insurance to Members
Jul 9 2008 // Florida-based PURE Risk Management recently launched an insurance program for personal boaters called PURE Watercraft Insurance. PURE provides hull coverage, including coverage for windstorm, on an agreed-value basis, and...
Axis CEO Sees Insurers’ Returns Eroding; Plans Axis Expansion
Jul 9 2008 // John Charman, chief executive of Bermuda-based Axis Capital says insurers are caught between softening policy rates and volatile investment markets, a situation he expects to hurt returns. “You could make the case...
Tulsa Has More Traffic Accidents Than Oklahoma City, Insurer Says
Jul 9 2008 // A report by an automobile insurer concludes that Oklahoma City drivers are less likely than Tulsa drivers to be involved in traffic collisions. “Its kind of weird,” Lt. Roger Bratcher of the Oklahoma City...
Mass. Allows Liquor Liability JUA to Expand as Hospitality Mutual
Jul 8 2008 // Massachusetts lawmakers have approved legislation converting the state’s liquor liability insurer of last resort into a competitive mutual insurance company offering liquor liability insurance to the entire...
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...
