Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Federal Charter: A Future ‘Insurance Subprime’ Debacle?
Apr 21 2008 // The banking and securities industry is facing worldwide subprime mortgage-related losses which knowledgeable sources – including the International Monetary Fund — now suggest could top $1 trillion, according to...
Case Watch
Apr 21 2008 // Additional Insured Evanston Insurance Co. v. Atofina Petrochemicals Inc., Texas Feb. 15, 2008. Contract provision requiring that refinery “shall be named as additional insured” sufficient to trigger additional...
Contractors and Certificates of Liability Insurance
Apr 21 2008 // Your E&O claim waiting to happen Certificates — not again. Haven’t we heard enough about this topic? Apparently not. Certificates are issued for all sorts of insureds, but contracting risk is the most...
Insurers Keen on NCAA’s Basket-full of Opportunities
Apr 21 2008 // The Hartford and XL Insurance pursue insurance industry’s love affair with sports-related, 360-degree marketing Quite a few insurers’ names have been bounced and bandied about like basketballs on TV lately, and...
Federal Charter: A Future ‘Insurance Subprime’ Debacle?
Apr 21 2008 // The banking and securities industry is facing worldwide subprime mortgage-related losses, which knowledgeable sources – including the International Monetary Fund — now suggest could top $1 trillion, according to...
Insurers: Colorado Bill Threatens Auto Insurance Savings
Apr 21 2008 // The Colorado Legislature is considering a bill that the Property Casualty Insurers Association of America claims would add bureaucratic red tape and costs to the state’s automobile insurance system. House Bill 1389,...
Underwriting Hurt Insurers’ Bottom Lines in 2007
Apr 21 2008 // Steep declines in underwriting profits hurt bottom lines for property casualty insurers, which saw their 2007 profits slip slightly from a year earlier, a new report from three industry groups says. The industry’s...
Clinton Plan Would Cut Tax Benefit for Foreign Insurers Competing for U.S. Business
Apr 21 2008 // Democratic presidential hopeful Hillary Clinton, as part of a broad plan to boost the fortunes of U.S. workers, if elected would clamp down on tax benefits to foreign insurers doing business in the United States, she...
Premium Growth: Top 25 P/C Premium Gainers in 2007 Versus 2006
Apr 21 2008 // President Calvin Coolidge noted that “All growth depends upon activity. There is no development physically or intellectually without effort, and effort means work.” That being the situation, the following 25...
Climate Change Risk Gives Industry An Opportunity to Be Part of the Solution
Apr 21 2008 // Global warming, the consequence of which is referred to as climate change, is the heating of the earth’s surface temperature caused by man-made activity linked to release of greenhouse gases (GHGs). The burning of...
Better Data Needed to Fight Cargo Thefts, Say Insurers, Law Enforcement
Apr 17 2008 // It’s like “Gone in 60 Seconds” with tractor trailers. Thieves steal billions of dollars of electronics, medicine, vehicles and other items from U.S. businesses each year by targeting trucks and other...
Minnesota Lawmakers OK Compromise on Suing Home, Auto Insurers
Apr 16 2008 // The Minnesota Legislature approved this week a compromise bill giving consumers more clout in court when they disagree with their home and auto insurance companies. The legislation passed the Senate 47-15 and the House...
Okla. Democrats Express Frustration Over Death of Insurance Bills
Apr 16 2008 // Democrats in the Oklahoma Legislature have expressed frustration over their lack of success in getting insurance mandate bills heard in the Republican-controlled state House. Democratic legislators said insurance measures...
Florida Senate Property Insurance Bill Pleases Regulators, Angers Insurers
Apr 16 2008 // As insurers and other interested parties criticized a Florida property insurance bill that passed through the state Senate this week on a 32-7 vote, Florida’s insurance commissioner lauded the action. Sponsored by...
Malpractice Insurer to Give Back $11 Million to Illinois Doctors
Apr 14 2008 // Illinois doctors will get a refund collectively worth $11 million from the state’s largest medical malpractice insurer. The Illinois State Medical Insurance Exchange says claims are down. That means doctors will get...
Berkshire Hathaway Municipal Bond Insurer Wins Top S&P Rating
Apr 14 2008 // Billionaire Warren Buffett’s new municipal bond insurance company Friday won the top “AAA” rating from Standard & Poor’s Ratings Services, which cited the venture’s nearly $1 billion...
Georgia Lawmakers Vote to Give Insurers a Tax Break
Apr 14 2008 // Georgia lawmakers couldn’t agree on cuts to property or incomes taxes this legislative session. But they did manage to usher through legislation to provide $146 million to insurance companies over five years. The...
California Workers’ Compensation Insurer in the Midst of Change
Apr 11 2008 // California State Compensation Insurance Fund has been facing many changes recently, but it has no intent to be the dominant player in the state workers’ compensation insurance market, according to Janet Frank,...
Report: Underwriting Hurt Insurers’ Bottom Lines in 2007
Apr 11 2008 // Steep declines in underwriting profits hurt bottom lines for property casualty insurers, which saw their 2007 profits slip slightly from a year earlier, a new report from three industry groups says. The industry’s...
Mississippi: Insurer Wants Sisters to Pay for Providing Katrina Claims Records to Scruggs
Apr 10 2008 // State Farm Fire and Casualty Co. wants a federal judge to sanction two sisters who secretly copied Hurricane Katrina claims documents and gave them to a Mississippi lawyer whose clients were suing the company. Cori and...
