Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
State Regulators Consider Centralizing Insurance Market Conduct Reporting
May 30 2008 // State insurance regulators want to centralize the filing and storage of their annual market conduct reports on insurance companies. The regulators are reviewing a proposal that would allow insurers to make one filing, as...
Report: Technology Critical for Insurers Targeting ‘Millennial Generation’
May 30 2008 // As the estimated 80 million people born between 1981 and 2001 enter the workforce and become active consumers, technology will play a critical role for insurance firms targeting those in the so-called “millennial...
Europe’s Insurers Lead M&A Activity Says Conning Report
May 29 2008 // “Global insurance industry acquisitions in 2007 were driven by non-U.S. insurers, primarily Western European firms-who clearly see value in this market,” stated Sherry Manetta, director at Conning Research...
Mass. FAIR Plan Home Insurer Won’t Appeal Rate Denial
May 29 2008 // Massachusetts’ insurer of last resort won’t immediately seek a steep premium increase, saving money for 150,000 customers. The decision by the FAIR Plan comes after Insurance Commissioner Nonnie Burnes rejected...
Fla. Gov. Signs Law Extending Citizens Rate Freeze; Nixes Private Incentive
May 29 2008 // Gov. Charlie Crist has signed homeowners insurance legislation in Florida that extends for another year a rate freeze for the 1.2 million customers of state-backed Citizens Insurance whose premiums in some cases are...
Over Protests of Insurers, Businesses, La. Senate OKs Prosthetics Bill
May 29 2008 // Beginning next year, health insurance policies written in Louisiana would have to provide at least $50,000 worth of coverage for those who need artificial limbs, under legislation approved 26-7 by the state Senate. There...
California Workers’ Comp Insurer Files for 3.5 Percent Rate Decrease
May 28 2008 // California State Compensation Insurance Fund announced it filed a July 1, 2008, revision to its rating plan, which it anticipates will result in a 3.5 percent reduction in collectible premium. While base rates will remain...
Oregon Collision Shops Give State Farm High Customer Service Marks
May 27 2008 // State Farm and several smaller Northwest-based auto insurers continue to be among the best at taking care of their customers after an accident. And some of the other larger, best-known insurers –including...
Louisiana Supreme Court Agrees with Insurer in Wind v. Water Case
May 23 2008 // The Louisiana Supreme Court on May 21 upheld a previous appeals court’s decision upholding the state’s “valued policy law” (VPL). The plaintiffs in Mark Landry and Barbara Landry V. Louisiana...
Mass. Approves Mapfre Acquisition of Commerce Insurance
May 22 2008 // Massachusetts Commissioner of Insurance Nonnie S. Burnes has approved the acquisition of Commerce Insurance Co., principal subsidiary of The Commerce Group of Webster, Mass., by the Spanish insurance company Mapfre,...
Texas Review Board Says Insurance Department Works, Offers Changes
May 22 2008 // Staff of the Texas Sunset Advisory Commission says the Texas Department of Insurance functions well but that the state’s “overall approach to insurance regulation,” may need tweaking. State agencies in...
Survey: Program Market to Remain Vibrant in 2008
May 21 2008 // The program market continues to grow and will continue to grow in 2008, as insurance companies focus on core concerns of new business production, premium writing and rate profitability, according to a new industry survey...
Insurer Executives Say More Can be Done to Attract New Talent
May 19 2008 // Encompass, The Hartford execs note that agents stand on solid ground in their role as trusted advisors Young agents today face a number of challenges, including the soft market, a downturn in the economy, and learning the...
U.S. Insurers Face Uphill Battle to Alter Foreign Insurers’ Tax Break
May 19 2008 // A coalition of U.S. insurers is calling on lawmakers to close a tax loophole that helps foreign insurers, and although it has won the support of presidential hopeful Hillary Clinton, it faces a harder task convincing...
Mass. Auto Competition Heats Up – Over Rules and Regulations
May 19 2008 // Existing carriers call high risk exemption for newcomers unfair; agents say Progressive’s Web site misleads After a month of operating under a new managed competition system for auto insurance, Massachusetts is...
Insurers Market Private Workers’ Comp on U.S. Defense Projects
May 19 2008 // As the need for U.S. government foreign-based support personnel increases, so does the need for workers’ compensation coverage for contractors involved in U.S. funded projects. Contracts for insurers wanting to...
New York Agents Seek to Curb State-backed Workers’ Comp Insurer
May 19 2008 // A trade group for New York insurance agents wants to rewrite the laws governing the New York State Insurance Fund — a nonprofit state agency that is the state’s largest workers’ compensation insurer — to...
A.M. Best: Credit Woes May Cause Turbulence in Catastrophe Markets
May 19 2008 // The credit crunch in the U.S. financial markets that boiled over after the subprime mortgage meltdown may affect the ability of insurers and reinsurers that cover coastal areas to raise cash for claims if a major hurricane...
Alabama Opens Coastal Home Insurance Market to Captive Insurers
May 19 2008 // The Alabama Legislature has passed a bill that will allow captive insurance companies to sell residential insurance along the Alabama coast. The House and Senate voted without dissent to give final approval to changes in...
Insurers Market Private Workers’ Comp for U.S. Defense Projects
May 19 2008 // The Defense Base Act sets forth the benefits due private sector employees injured while working overseas As the need for U.S. government foreign-based support personnel increases, so does the need for workers’...
