Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Lloyd’s Defends Insurers Against ‘Spoilsport’ Image
Jan 4 2008 // An increasingly common complaint against the insurance industry charges that it is largely responsible for the disappearance of traditional events and activities due to the unavailability and/or the increasing cost of...
Guaranty Fund System Continues to Deliver
Jan 4 2008 // At the heart of every property and casualty insurance contract lies a promise to soften the blow of misfortune. But what happens when an insurance company becomes financially troubled, fails and is no longer able to uphold...
Insurers Win Court Fight over Delaware Home Insurance Renewals
Jan 4 2008 // In a victory for the insurance industry, a Delaware Superior Court has ruled that the state’s insurance regulator overstepped his authority when he prohibited property insurers from refusing to renew a homeowner...
Montana Directs Auto Insurers to Follow Anti-Steering Law
Jan 4 2008 // Montana State Auditor John Morrison is reminding all licensed property and casualty insurers doing business in the state that a new law recently went into effect to protect Montanans’ right to choose an auto body...
CarInsurance.com Adds Insurance Carriers for 2008
Jan 3 2008 // CarInsurance.com, which sells auto insurance over the Internet, has added more carriers to its current 28 state agency product offering. In November and December 2007, the firm expanded and now offers Encompass Insurance...
Mauna Kea Beach Hotel Owners Sue Insurer for Earthquake Claim
Jan 3 2008 // The Mauna Kea Beach Hotel on the Big Island of Hawaii has sued one of its insurance carriers for denying a $20 million claim stemming from last year’s earthquakes. The hotel has been closed for repairs and...
Proposed Federal Regulation of Insurance Hotly Debated
Dec 31 2007 // Participants on a panel session debating the pros and cons of proposed federal regulation of the insurance industry at the Casualty Actuarial Society’s (CAS) annual meeting agreed there is a need for regulatory...
Top Insurance Stories in 2007 in Southeast
Dec 31 2007 // High heat, changing winds put reputations on the line. 1. Florida’s gamble “It’s all about rates,” maintained Sam Miller, of the industry’s Florida Insurance Council. Florida lawmakers in...
Top Insurance Stories in 2007 in Midwest
Dec 31 2007 // From storms that flooded the Midwest destroying homes and business in the summer to a court ruling that could have a significantly negative impact on the medical malpractice insurance market in the state of Illinois, 2007...
Top Insurance Stories in 2007 in South Central
Dec 31 2007 // Weather, directly or indirectly, was a driving force in the insurance markets for the South Central states of Arkansas, Louisiana, Oklahoma and Texas in 2007. With the exception of Arkansas, throughout the year the South...
Top Insurance Stories in 2007
Dec 31 2007 // The debate over climate change captured the world’s attention, including the insurance industry’s, in 2007, while major hurricanes spared the United States’ coastline. The soft market took hold of...
Top Insurance Stories in 2007 in the West
Dec 31 2007 // While 2007 was a surprisingly calm year for hurricanes, that doesn’t mean Mother Nature didn’t have a tantrum or two. In 2007, the West faced its share of disasters, with freezes, floods and fires making news...
Top Insurance Stories in 2007 in East
Dec 31 2007 // New leaders tackled old issues and the region battled fire and rain. 1. No day at the beach Insurance markets for coastal properties continued to challenge insurers, agents, policymakers and property owners, despite an...
California Workers’ Comp Insurer Makes HR Promotion
Dec 31 2007 // Susan Lynch has been promoted to manager of California State Compensation Insurance Fund’s Employee Assistance Program (EAP) in Human Resources. EAP helps State Fund employees address personal issues and maintain...
Berkshire Hathaway Gets Expedited License In N.Y. for Bond Insurer
Dec 28 2007 // Berkshire Hathaway will have its municipal bond insurance company licensed in New York much quicker than normally, the New York State Insurance Dept. said Friday afternoon. Superintendent of Insurance Eric R. Dinallo said...
Lloyd’s Insurers Consider Coverage for Commercial Space Flights
Dec 28 2007 // A bulletin on the Lloyd’s web site (www.lloyds.com) notes that the State of New Mexico and Virgin Galactic recently announced plans to construct a “multi-million pound spaceport.” As a result...
OC Appeals Panel Rules on Cancellation by Health Insurer
Dec 27 2007 // A state appeals panel ruled that insurers cannot rescind health policies unless they can show policyholders willfully lied on their insurance applications or prove that companies investigated applications before issuing...
Conn. Private Coastal Insurance Market Works, Say Commissioner and Insurers
Dec 27 2007 // Acknowledging the ongoing concern over coastal property insurance in his state, Connecticut Insurance Commissioner Thomas Sullivan maintained that the state’s coastal property insurance market is in pretty good shape...
Mass. Wants Insurers to Notify Consumers When Payments Made
Dec 27 2007 // Massachusetts Insurance Commissioner Nonnie S. Burnes has issued a bulletin calling on insurance companies to send written notification to consumers when a settlement payment in any third-party liability claim is made to...
California Workers’ Comp Insurer Promotes Two
Dec 27 2007 // California’s State Compensation Insurance Fund has appointed Chris Reyes regional assistant real estate manager for Central Valley operations, and Yvette Montano-Anda claims manager for Los Angeles Claims...
