Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Dallas National Insurance Company Strengthens its Board of Directors and Posts a Strong Third Quarter
Dec 20 2007 // Nehls cites profitable growth and positive changes December 20, 2007 – Dallas National Insurance Company has recorded another strong quarter, ending the first three quarters of 2007 with net income of $9.4 million on...
Russian Insurer NASTA to Operate under Zurich Brand Name
Dec 20 2007 // Zurich Financial Services Group announced that OOO NASTA Insurance Company will operate under the global Zurich brand and the name Zurich Retail Insurance Company Ltd. in line with Zurich’s global “One brand,...
New La. AG not Ready to Comment on Insurer Lawsuit
Dec 19 2007 // Louisiana Attorney General-elect Buddy Caldwell said he wants his office free of politics and speedier on issuing guidance on legal matters when he takes office in January 2008. Caldwell, who moves into the job Jan. 14,...
Mass. AG Targets 2 More Insurers’ Auto Rates for Hearing
Dec 19 2007 // Mass. Attorney General Martha Coakley has asked for two more auto insurers to defend their proposed 2008 rates at public hearings. Coakley wants Arbella Insurance and Hanover Group to explain their rates for next year when...
California Workers’ Comp Insurer Names Program Manager
Dec 19 2007 // California State Compensation Insurance Fund has named Gary Dunlap program manager for the organization’s Customer Service Center. Dunlap has spent 34 years at SCIF, starting in 1971 as a claims adjuster. His most...
Fla. Insurers Remind Drivers of Personal Injury Protection Law’s Return
Dec 19 2007 // Auto insurers in Florida are reminding drivers that Florida law will once again require drivers to carry personal injury protection insurance effective Jan. 1, 2008. Companies are sending notices to policyholders informing...
California Workers’ Comp Insurer Names Regional Assistant Real Estate Manager
Dec 17 2007 // Luis Borovinsky has been named regional assistant real estate manager for California State Compensation Insurance Fund’s Southern California operations. Borovinsky joined the organization’s Santa Ana District...
Munich Re to Acquire Aon’s Healthcare Insurer Sterling for $352 Million
Dec 17 2007 // Munich Re is also buying a slightly smaller piece of Aon (See previous article). The world’s second largest reinsurer announced that it has concluded an agreement with Aon to acquire 100 percent of Sterling Life...
Companies Suing West Va. Insurer BrickStreet Over Agent Commissions
Dec 17 2007 // Two companies are suing West Virginia’s workers’ compensation writer BrickStreet Mutual Insurance Co. over agent commissions. Aero-Fab Inc. and The Bunch Co. allege that Brickstreet is billing companies for the...
Survey of Analysts Projects Healthy Underwriting Profits
Dec 17 2007 // Next year may just go down on record as one of the best insurance industry underwriting performances in the past 80 years, according to an industry survey of Wall Street stock analysts and industry professionals. Analysts...
California Fines Health Insurer Blue Shield $12.6 Million
Dec 14 2007 // California Insurance Commissioner Steve Poizner is seeking $12.6 million in fines and penalties against health insurer Blue Shield for violations regarding healthcare rescissions and irresponsible claims processing. The...
Best Upgrades Company Ratings after Country Risk Methodology Review
Dec 14 2007 // A.M. Best Co. announced that it has upgraded the ratings of a nember of companies -l isted below – following a review of the application of its country risk methodology within the rating process. Best explained that...
A.M. Best: Subprime Exposure Modest, But Contagion Is Concern
Dec 14 2007 // As the turmoil from the subprime crisis ripples across the global credit and equity markets and threatens the stability of the U.S. economy, several insurers have announced their exposure to mortgage-linked assets in their...
Ark. Woman Settles with Insurer in Agent Theft Case
Dec 12 2007 // A settlement in the amount of $435,298.25 has been reached between Reba Irons of Fort Smith, Ark., and Allianz Life Insurance Company of North America in a case involving John Phillip Middleton, an insurance agent who sold...
La. Workers’ Comp Insurer Promotes Jorgensen
Dec 12 2007 // Louisiana Workers’ Compensation Corporation (LWCC) has promoted Geoff Jorgensen to business unit manager for the company’s small accounts production team. In this position, Jorgensen will be responsible for...
Grimstad to Lead La. Medical Liability Insurer as President, CEO
Dec 11 2007 // The Louisiana Medical Mutual Insurance Company (LAMMICO) Board of Directors elected Thomas H. Grimstad, M.D., as its new president and chief executive officer. Dr. Grimstad will succeed John E. Lemoine, M.D., effective...
Study: California Workers’ Comp Insurer Needs Significant Reforms
Dec 11 2007 // California’s State Compensation Insurance Fund “has weak corporate governance, inadequate internal controls in various areas and a general inability to plan for the long-term,” according to an operational...
Several Mass. Auto Insurers under Pressure to Amend Rates for 2008
Dec 11 2007 // At least three insurers whose 2008 Massachusetts auto insurance rates have been questioned by officials have agreed to revise them and other insurers are under pressure to do the same. Massachusetts Insurance Commissioner...
S.C.-based Insurer Adds Ashley as Controller
Dec 7 2007 // Upstate South Carolina-based insurance agent/brokerage and consulting firm, Rosenfeld Einstein, recently added Neal Ashley as controller. Ashley is a practicing certified public accountant and holds both B.A. and...
Mich. Court’s Ruling: Insurer to Pay Sterling Heights More than $14 Million
Dec 7 2007 // United States District Court Judge Nancy G. Edmunds of the Eastern District of Michigan in a final judgment ordered United National Insurance Co. to pay the city of Sterling Heights $14,640,632.90 plus taxable costs as...
