Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Endurance Specialty to Acquire Crop Insurer ARMTech
Sep 7 2007 // Endurance Specialty Holdings Ltd., a Bermuda-based provider of property and casualty insurance and reinsurance, reports that one of its U.S. based holding companies is buying out ARMtech Insurance Services, Inc. and its...
Texas Medical Liability Carrier Announces Rate Cut
Sep 7 2007 // Medical liability insurer Texas Medical Liability Trust (TMLT) recently approved a 6.5 percent rate reduction for all medical specialties and classes effective Jan. 1, 2008, the third straight rate reduction/dividend for...
Fla. Special Session Postponed, Insurers Agree on Level of Confusion
Sep 7 2007 // A three-week Florida special legislative session scheduled to begin Sept. 18 has been postponed, meaning lawmakers will probably not act to halt the Oct. 1 expiration of a key no-fault auto insurance law. The session was...
Federal Judge Allows Class Action Against Disability Insurer Unum
Sep 6 2007 // A federal judge in Chattanooga, Tenn. has granted class-action status to a lawsuit that contends Unum Group, the nation’s largest disability insurer, schemed to deny or terminate claims of thousands of disabled...
Maryland Officials to Explain Good Faith P/C Damage Filings
Sep 6 2007 // The Maryland Insurance Administration (MIA) will conduct a workshop to explain how it will implement newly enacted legislation that authorizes the award of enhanced damages against property and casualty insurance companies...
Insurer Doesn’t Have to Pay for Miss. Pastor’s Sex Charge Defense
Sep 6 2007 // State Farm Insurance Co. does not have to pay to defend the Rev. Jeffery Stallworth of Jackson, Miss., from a civil lawsuit filed by a Maryland woman who accused him of sexually assaulting her in 2001 in her home, a...
Judge Throws Out All Federal Antitrust Charges Against Insurers, Brokers
Sep 6 2007 // Finding the charges lack any factual support, a federal judge has dismissed a big antitrust conspiracy case that was lodged against large commercial insurance brokers and insurers back in 2004 when bid rigging and account...
Allstate Balks at N.Y. Ban on Tying Home Renewals to Other Business
Sep 5 2007 // Allstate Insurance Co. is defending its right to non-renew certain homeowner insurance accounts in New York based in part on whether the insureds also have auto or life policies with the company. The non-renewal tactic is...
Ala. Coast Condo Industry Pushes for Action on Rising Insurance Rates
Sep 4 2007 // As Labor Day tourists take an end-of-summer beach trip, owners of thousands of condominiums that line the Alabama Gulf Coast say they’re getting burned by soaring insurance premiums. Insurance legislation aimed at...
Calif. Bill to Lower Industry Support for Earthquake Coverage
Sep 4 2007 // California homeowners who buy earthquake insurance through the state-run California Earthquake Authority (CEA) could see their premiums rise under a bill that passed an Assembly committee over opposition from the state...
N.Y. Supt. Dinallo Calls for End to Bureau-Filed Rates for Workers’ Comp
Sep 4 2007 // Workers’ compensation rates in New York State should be determined by more competition among insurance carriers, instead of through the current rating board that now proposes these rates, New York State Insurance...
News Currents
Sep 3 2007 // Credit scoring use still an issue for officials, consumer groups But industry groups say the battle has become less ‘onerous’ but it’s not over in some states The recent release in late July of a...
Insurers say Alaska court decision could lead to uneven rates
Sep 3 2007 // A ruling by the Alaska State Supreme Court requiring insurers to re-rate all policies at the very first renewal as if credit information was never considered will have the unintended result of forcing good insurance risks...
Staying afloat in complex construction insurance waters
Sep 3 2007 // With the tidal wave of legal cases involving construction defects bogging down county, state and federal courts, it has become imperative that insurers “cover their behinds” from every imaginable angle —...
Insurers oppose proposed Calif. workers’ comp deductible
Sep 3 2007 // Some California insurers are asking the Legislature to reconsider a proposal that they say will dramatically boost workers’ compensation temporary disability payments to injured workers. The American Insurance...
Insurance company protecting pricey Idaho homes from wildfire
Sep 3 2007 // Idaho’s Sun Valley Insurance is doing everything it can to keep claims at bay during wildfire season — including sending in a fire truck to cover million-dollar homes threatened by a wildfire outside the...
Insurers say Alaska court decision could lead to uneven rates
Sep 3 2007 // A ruling by the Alaska State Supreme Court requiring insurers to re-rate all policies at the very first renewal as if credit information was never considered will have the unintended result of forcing good insurance risks...
The subprime mortgage meltdown: will insurance feel the heat?
Sep 3 2007 // At a minimum, D&O claims are expected; Countrywide’s Balboa insurance operations under review The subprime mortgage lending blame game is in full swing — with people arguing about who’s at fault for...
Report: insurers did not shift wind claims
Sep 3 2007 // A preliminary report from the federal government has found no evidence to support allegations that private insurers improperly shifted wind damage claims from Hurricane Katrina onto the federal government’s flood...
Florida home insurers, politicians at odds over rate filings
Sep 3 2007 // About seven months ago, Gov. Charlie Crist signed legislation he said would lower property insurance premiums. It hasn’t quite turned out that way. State officials had promised rates would drop about 25 percent on...
