Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurance Company Must Defend Wis. School Employee in Defamation Suit
Nov 1 2007 // A school’s insurance company must pay the attorney fees and expenses of an administrative assistant who was sued for defamation, a state appeals court ruled Tuesday. Gail Haack, who worked for former Algoma School...
Insurer Trade Group PCI Elects New Officers: Joyce, Blackburn, Abraham
Oct 31 2007 // The Property Casualty Insurers Association of America (PCI) elected new officers during its annual meeting in Boston today. Robert Joyce, chairman and chief executive officer of Westfield Group, was elected as the...
Insurer for Norwich, Conn. Diocese Settles Another Abuse Case
Oct 30 2007 // Bishop Michael Cote of the Diocese of Norwich, Conn. says a settlement of $170,000 will be paid to a Pawcatuck man who claims he was molested by a priest in a Stonington church. The word of the settlement came in a letter...
Texas Sept. Enforcements Result in Nearly $376K in Fines, Restitution
Oct 30 2007 // Enforcement actions taken by Texas Insurance Commissioner Mike Geeslin that became final during September 2007 include 12 license revocations, three license denials and fines and restitution totaling $375,983, the Texas...
Spain’s Mapfre to Buy Mass.-Based Commerce Insurance for $2.2 Billion
Oct 30 2007 // Spain’s largest insurer, Mapfre S.A., has agreed to buy the Massachusetts-based personal lines insurer The Commerce Group, Inc. for $2.21 billion in cash in a bold move to expand its presence in the U.S....
Private Insurers Find Way to Grow in Florida Homeowners Market
Oct 29 2007 // The Florida Office of Insurance Regulation signed Consent Orders allowing four companies to assume a total of 173,000 policies from the Citizens Property Insurance Corp., the state’s insurer of last resort. American...
Brownyard Adds Admitted Carrier to Private Investigator Program
Oct 29 2007 // The Brownyard Group, based in Bay Shore, N.Y., added Arch Insurance Co. as an admitted carrier for its PI Protect program, which serves private investigators and security consultants. Arch Insurance Co., rated A...
LA. SEEKS PROPERTY INSURERS
Oct 27 2007 // LUXURY AND SAFETY Not always the same thing FINDING COMMON GROUND Surplus lines execs debate issues
News Currents
Oct 27 2007 // La.’s $100M incentive program commences Louisiana began taking applications Oct. 2 for a $100 million incentive program designed to get insurers to write more property coverage in the state. The goal of the program...
Off-year election 2007 could provide glimpse into 2008
Oct 27 2007 // This fall is an off-year election season with only a handful of federal races and most state houses gearing up for contests in 2008. However there are some races — a hotly-debated referendum in Washington and key...
Premium Growth: Top 25 P/C premium gainers for first-half 2007
Oct 27 2007 // According to Gail Sheehy, growth demands a temporary surrender of security. Although it is unlikely she was speaking of property and casualty insurance industry marketshare when she made this comment, it seems to me that...
For small truckers, exceed the minimum
Oct 27 2007 // The past few years have not been easy for the U.S. trucking industry. Rising fuel prices, threats of terrorism, new regulations and the daily challenges of simply moving heavy freight from point A to point B, have combined...
NetRate Systems Introduces ‘Black Box’ Component for ISO Commercial Lines Rating
Oct 26 2007 // Okemos, MI October 26, 2007 – NetRate Systems, Inc. (Okemos, MI), a leading supplier of ISO® Commercial Lines Rating software for the MGA and carrier marketplace, has announced the availability of component objects...
Insurers Rebut Claims Policies Will Be Cancelled Due to Wildfires
Oct 26 2007 // Insurance industry associations in California are hoping to quell concerns stirred up they say by the media and politicians that indicate homeowners’ policies would be cancelled because of the wildfires. The...
N.Y. Proposal Prompts States to Rethink Regulation of Reinsurers
Oct 25 2007 // As the reinsurance industry increasingly moves offshore, U.S. insurance regulators are rethinking current rules that require only non-U.S. reinsurers to post collateral equal to the full amount of their liabilities to U.S....
Mass. Caps Hikes in Auto Insurance at 10%; Smaller Insurers Eye 2.5% Cut
Oct 25 2007 // The first moves toward competitive rating for auto insurance in Massachusetts indicate that rates for drivers insured by insurers with small market share could drop an average 2.5 percent, while rates for drivers in the...
Homeowners Insurers Not Earning Cost of Capital Despite Rate Increases
Oct 24 2007 // The countrywide prospective return on equity for the homeowners line of insurance for 2007 is 7.0 percent, up from 5.4 percent in 2006, according to an analysis by Aon Re Global, a unit of Aon Corp. The year-over-year...
Texas Workers’ Comp Penalties Total Nearly $685K for Aug., Sept.
Oct 23 2007 // Final disciplinary actions taken by Texas Commissioner of Workers’ Compensation Albert Betts during August and September 2007 include orders assessing administrative penalties totaling $684,877 for violations of the...
Survey: MMG of Maine Named Best Ease of Doing Business Performer
Oct 23 2007 // More than 8,000 independent agents and brokers assessed the performance of over 220 property and casualty carriers in Deep Customer Connections Inc.’s (DCC) 5th annual Ease of Doing Business (EDB) survey. MMG...
Insurance Group Answers Consumer Questions Raised by Wildfires
Oct 23 2007 // After a wildfire, people usually have questions about the coverage provided by a typical homeowners or auto insurance policy. The Insurance Information Network of California offers answers to some of these basic...
