Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Comp insurers appeal S.C. rate hike rejection
Oct 8 2007 // The South Carolina Department of Insurance recently disapproved a request made by the National Council on Compensation Insurance to increase loss costs statewide by 23.7 percent. NCCI State Relations Executive, Amy Quinn,...
Fla. high court affirms insurers need pay for covered perils only
Oct 8 2007 // Florida’s valued policy law means property insurance companies are only responsible for actual damages caused by perils that are specifically cited in the policy, the Florida Supreme Court has affirmed in a key...
Case Watch
Oct 8 2007 // Agent/Broker Liability Lin v. Metro Allied Ins. Agency Tex. App. 1st Dist., Aug. 31, 2007 Insurer liable under DTPA for its agent’s failure to procure insurance. An insured accepted a commercial general liability...
Oct. 31 is deadline for insurer review of premium credits in La.
Oct 8 2007 // Insurance companies have until Oct. 31 to review the discounts they offer for property insurance policies in Louisiana that don’t cover wind or have high hurricane deductibles, according to a bulletin issued by the...
Washington insurers, trail lawyers at odds over treble damages
Oct 8 2007 // With millions in campaign contributions and plenty of name-calling, trial lawyers and insurance companies in Washington are doing their best to spice up this fall’s otherwise ho-hum statewide vote. At issue is...
Niche writing and the soft market
Oct 8 2007 // The wise program manager takes yet another step forward and commits their organization to multiple niches. As the property casualty market softens, insurance carriers will strive to figure out new ways to maintain recent...
News Currents
Oct 8 2007 // The offshore reinsurance tax debate resurfaces in Congress again Domestic-owned insurers claim Bermuda-based companies hold an unfair tax advantage An industry executive, representing a coalition of 14 large U.S.-based...
Advice for firms considering a captive
Oct 8 2007 // If you are a mid-sized business interested in an alternative risk transfer product, choose your service providers carefully. Dealing with those who are inexperienced in the captives market can result in delays and...
BOPs deliver more now than in the old days
Oct 8 2007 // The business owner policy (BOP) of today is not the BOP of yesterday, industry experts agree. When the first BOP coverage was introduced in the late 1970s, it was mostly utilized by direct writers whose niche in the...
W.R. Berkley Completes Acquisition of American Mining Insurer
Oct 5 2007 // Connecticut-based W. R. Berkley Corp. reports it has closed on the acquisition of CGH Insurance Group, the owner of American Mining Insurance Co. Terms of the transaction were not disclosed. American Mining, based in...
La. Commissioner Faces Three Challengers in Insurance Race
Oct 5 2007 // Louisiana Insurance Commissioner Jim Donelon will face three little-known candidates who lack both fundraising strength and political experience, according to some observers. Donelon is a political veteran with three...
Program Designed to Attract More Insurers to Write Property in La.
Oct 4 2007 // The state is taking applications for a $100 million incentive program designed to get insurance companies to write more property coverage in Louisiana. The goal of the program is to make private insurance more available in...
Ratings Round Up: Travelers, Atlantic American
Oct 3 2007 // A.M. Best Co. has upgraded the financial strength ratings (FSR) to A+ (Superior) from A (Excellent) and issuer credit ratings (ICR) to “aa-” from “a” for Northland Insurance Co. (St. Paul, Minn.),...
For Small Fla. Insurer, Sunshine State Brings Storm Clouds
Oct 3 2007 // From “Happy Days” to “The Perfect Storm” is how one Florida insurance executive describes her state’s turbulent and defining years between 2003 and 2007 – and she isn’t talking...
Starr International Buys Texas-based P/C Insurer from Berkshire Hathaway
Oct 3 2007 // Starr International Co. Inc. announced its U.S. subsidiary, Starr International USA Inc. (SICO USA), acquired Republic Insurance Co. from Columbia Insurance Co., a member of Warren Buffett’s Berkshire Hathaway...
Judge Dismises Corruption Charges Against Marsh, Brokers, Insurers
Oct 2 2007 // The same federal judge who early in September dismissed all federal antitrust charges against Marsh & McLennan Companies and a group of other brokers and insurers has now thrown out all related federal charges of...
Pa. Judge Accused of Bilking Insurers to Take His Defense to Trial
Oct 2 2007 // Suspended Pennsylvania Superior Court Judge Michael T. Joyce intends to stand trial on federal money laundering and mail fraud charges, according to his lawyer. Attorney David Ridge refused to comment on the defense...
Insurers’ Use of Credit Scores on Agenda on Capitol Hill Today
Oct 2 2007 // U.S. Rep. Melvin L. Watt, D-N.C., chairman of the House Subcommittee on Oversight and Investigations, will oversee a hearing today on Capitol Hill to consider the implications for consumers of the growing use of...
Insurers Must Review Premium Credits by Oct. 31, La. Says
Oct 1 2007 // Insurers have until Oct. 31 to review the discounts they offer for policies in Louisiana that don’t cover wind or have high hurricane deductibles, according to a bulletin issued by the Louisiana Department of...
Wis. Jury Says Quad/Graphics and Insurer Entitled to $63 Million
Oct 1 2007 // Quad/Graphics and its insurer are entitled to $63 million in damages from the 2002 collapse of a shelving system that ignited a fire at the publishing giant’s Lomira plant, according to a jury verdict. The jury...
