Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Proposal Easing Lawsuits against Insurers Clears Minnesota House
Apr 1 2008 // The Minnesota House has approved legislation making it easier for consumers to sue their insurance companies over denied claims. The bill passed on a vote of 81-51 after it was changed to make it more like a Senate version...
Disaster Derivatives Set to Grow in 2008
Apr 1 2008 // With the United States bracing for big hurricanes this year, new derivatives to trade catastrophe risks offer insurers the extra protection they crave against multi-billion-dollar storms. Trading of “catastrophe...
Procedures for Depopulating La. Citizens Property Ins. Corp. Unveiled
Apr 1 2008 // The Louisiana Department of Insurance has issued procedures for the first round of depopulation of Louisiana Citizens Property Insurance Corporation (LCPIC). The procedures were established at a meeting on March 14, 2008....
Industry Lines Up ‘Pro and Con’ on Bush Plan for Federal Insurance Regulator
Mar 31 2008 // Insurance industry groups are lining up quickly with responses to the Bush administration’s proposed overhaul of the way the government regulates the nation’s financial services industries, including...
Hawaii’s Largest Insurer, HMSA, Plans Rate Hike
Mar 31 2008 // Haeaii’s biggest health insurer wants to hike health insurance premiums by more than 12 percent next year, the biggest increase in nearly two decades. The proposed rate hikes would affect 144,000 members and...
California Assembly Considering Insurance Agent-Broker Bill
Mar 31 2008 // A bill that would help to clarify when an insurance professional is acting in the capacity of a broker versus an agent in California is scheduled come before the state Assembly Insurance Committee no later than April 16,...
Texas Supreme Court: Use of Defense Staff Attorneys OK in Some Cases
Mar 31 2008 // In a long awaited ruling, the Texas Supreme Court, in a 7-2 decision in Unauthorized Practice of Law Committee v. American Home Assurance Company, Inc and The Travelers Indemnity Company, approved the use of insurer...
California May Create New Bond Insurer to Rival Buffett’s
Mar 28 2008 // California Treasurer Bill Lockyer is exploring the possibility of having state pension funds create a new bond insurer, his spokesman said Thursday. Lockyer has no immediate plans to use Berkshire Hathaway’s new bond...
Florida Senate Passes Bill to Reduce Insurers’ Catastrophe Coverage Limits
Mar 27 2008 // Legislation passed by the Florida Senate this week would reduce the amount of state-funded reinsurance that insurers can purchase under the temporary increase in coverage limit (TICL) program. The Senate bill would reduce...
Insurers Say South Carolina Storms Caused at Least $43M in Damage
Mar 26 2008 // Insurers say estimated damage in South Carolina from severe weather earlier this month has increased to $43 million. The South Carolina Insurance News Service said Monday that more than 11,000 insurance claims had been...
Ohio Governor Signs Physician Insurance Contract Reform Bills
Mar 26 2008 // In a ceremony attended by Ohio’s physician leaders, Governor Ted Strickland today signed House Bill 125, some refer to as the most sweeping physician-insurance industry contract reform bills in the country, into...
Insurer Cautions Mass. Drivers about Consumer Web Sites
Mar 26 2008 // Less than a week before historic auto insurance reform takes effect in Massachusetts, one of the insurers is urging Bay State auto insurance policyholders to use caution when using consumer web sites, saying many sites...
West Virginia’s Workers Comp Insurer May not See Huge Profits Again
Mar 25 2008 // BrickStreet Insurance’s profit from running West Virginia’s workers’ compensation program more than doubled in its second year of business, but those heady days could be ending. In July, the company will...
British Insurers Call for Government Action on Personal Injury Compensation
Mar 25 2008 // The Association of British Insurers (ABI) has joined with the Confederation of British Industry (CBI), the UK’s leading employers’ organization, and Citizens Advice to call for the Government to introduce its...
West Virginia Invites Workers’ Comp Insurers to Open Market Forum
Mar 25 2008 // On the verge of an open competitive environment in West Virginia’s workers’ compensation insurance market, the state’s insurance commission scheduled a forum for insurers seeking information. Insurance...
S&P Sees Improved Insurer Enterprise Risk Management in 2008
Mar 25 2008 // Standard & Poor’s Ratings Services said that 2008 could see an overall improvement in insurance-industry enterprise risk management (ERM) scores. The firm says a 2006 review of the ERM practices of rated...
Critics Question Insurer Exemption from N.H. Consumer Protection Law
Mar 25 2008 // The subprime mortgage crisis is prompting some people to take another look at New Hampshire’s consumer protection law. Six years ago, the Legislature changed the law to exempt the banking, insurance, public utilities...
The Long and Short of the New Mass. Auto System
Mar 24 2008 // The new managed care auto insurance system that is underway in Massachusetts should benefit most consumers as well as the state’s local insurers in the short run, according to a new report by Fitch Ratings. However,...
Indiana One of First States to Ban Tax on Insurers for Accident Responses
Mar 24 2008 // Some call it ‘double taxation;’ others easy money Indiana recently became one of the first states in the country to pass legislation prohibiting the practice of municipalities charging fees for accident...
West Virginia Workers’ Comp Insurer Reports $185 Million Profit for 2007
Mar 24 2008 // BrickStreet Insurance’s profit from running West Virginia’s workers’ compensation program more than doubled to $185 million last year. The Charleston-based insurer earned $70.7 million in 2006, its first...
