Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
U.S. P/C Insurers’ Reserving Likely To Remain Prudent, S&P Says
Oct 1 2007 // Will increased competition and lower pricing lead U.S. property/casualty insurers to skimp on reserves? Not according to a report published by Standard & Poor’s Ratings Services. The article, “For U.S....
More States Join Centralized Insurer Market Conduct Exam Initiative
Sep 30 2007 // Alabama, California, Montana, Rhode Island and Washington will begin requiring insurance companies to file annual statement data as part of a growing effort to make market conduct exams more efficient that now includes 30...
The Offshore Tax Debate – Déjà vu – All over Again
Sep 28 2007 // At least that’s how Yogi Berra might describe it. On Sept. 25 William R. Berkley, chairman and CEO of the company of the same name, gave a detailed indictment before the Senate Finance Committee of the iniquities...
La. Commissioner to ask Insurers to Continue Katrina Mediations
Sep 28 2007 // Property insurers in Louisiana should continue mediating outstanding claims of homeowners who sustained damages in Hurricane Katrina and pay the costs of the sessions, although they are not legally obligated to do so,...
Fla.’s Citizens Responds to Agents’ Advisory on Coverage Gaps
Sep 28 2007 // Responding to a consumer advisory about potential coverage gaps issued by the state’s independent insurance agents, Citizens Property Insurance Corp. maintained that its basic coverages match what most private...
Colo. Releases Tools for Consumers to Check Insurance Company Complaints
Sep 27 2007 // The Colorado Division of Insurance has released two references to help consumers make more informed decisions about buying insurance: an Interactive Complaint Ratio search tool and the Consumer Complaint Ratio Report. The...
Insurers Outline Consequences of No-Fault Law Expiration in Florida
Sep 27 2007 // For the vast majority of policyholders, nothing will change on Oct. 1. Policyholders will still maintain the insurance coverage they had in place on Sept. 30 for the duration of their contract. Auto insurance policies are...
Insurers Urge Congress to Level Bermuda Insurers’ Tax Playing Field
Sep 26 2007 // An industry executive, representing a coalition of 14 large U.S.-based insurance groups, told the U.S. Senate Finance Committee on Wednesday that a major tax advantage for certain foreign insurance groups could threaten...
P/C Insurers’ Underwriting Results, Profitability Slip in First-Half 2007
Sep 25 2007 // The U.S. property/casualty insurance industry’s overall profitability as measured by its annualized rate of return on average policyholders’ surplus (or statutory net worth) slipped to 13.1 percent in...
U.S. excess and surplus lines market attracts international attention
Sep 24 2007 // The United States excess and surplus lines market presents opportunities that are not lost on the rest of the world. Lloyd’s is the second largest U.S. surplus lines writer with a 14 percent market share. Direct...
Judge throws out all federal antitrust charges against insurers, brokers
Sep 24 2007 // No evidence found to support charges of a global conspiracy among commercial brokers and insurers Finding the charges lack any factual support, a federal judge has dismissed a big antitrust conspiracy case that was lodged...
Insurer to Waive $10K Theft Deductible on Nationally Registered Equipment
Sep 24 2007 // Through an alliance between the National Equipment Register and CNA, the insurer will waive up to $10,000 of a policy deductible if a piece of construction equipment registered with the national database is...
Prospects and pitfalls in a changing global insurance world
Sep 24 2007 // The ‘rest of the world’ offers new opportunities for growth, but not without risk No European City has recently changed as much as Berlin (with the possible exception of Dublin). Since the fall of the wall in...
Alabama realtors call for coastal insurance relief
Sep 24 2007 // Owners of thousands of condominiums that line the Alabama Gulf Coast say they’re getting burned by soaring insurance premiums and insurance legislation to make coverage available and affordable on the coast...
By Marty Ellingsworth
Sep 24 2007 // The use of predictive analytics is truly enhancing speed and customer experience at the service delivery points in the value chain. Understanding behavioral patterns enables insurers to optimize their risk evaluation,...
Catastrophes: There is no free lunch
Sep 24 2007 // Any study that implies consumers and taxpayers have thousands of years to realize savings is immediately suspect. Since the devastating hurricane seasons of 2004 and 2005, some Florida politicians and a few insurers have...
HAWAII INSURERS FILE 16.8 PERCENT WORKERS’ COMP COST DECREASE
Sep 24 2007 // The National Council on Compensation Insurance has filed a request to decrease workers’ compensation loss costs in Hawaii by 16.8 percent, beginning Jan. 1, 2008, according to the state Department of Commerce and...
Calif. urges governor to sign workers’ comp bill
Sep 24 2007 // The Association of California Insurance Companies is urging Gov. Arnold Schwarzenegger to sign into law legislation that it said could encourage expansion of the workers’ compensation insurance market in...
Report: Insurers did not shift wind claims
Sep 24 2007 // A preliminary report from the federal government found no evidence to support allegations that private insurers improperly shifted wind damage claims from Hurricane Katrina onto the federal government’s flood...
CEA funding structure to be revamped under legislation sent to governor
Sep 24 2007 // By a wide margin, California lawmakers have approved a compromise between the California Earthquake Authority’s governing board and its participating homeowner insurers to replace a significant portion of the...
