Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Ill. Governor Uses Executive Authority to Limit What Insurers Can Charge
Jul 17 2007 // Ill. Gov. Rod Blagojevich used his executive authority last week to make a rule that prevents insurance companies from considering someone’s health when deciding what premium to charge when renewing an individual...
Fla. CFO Paints Scenario of Post No-Fault Auto Insurance
Jul 17 2007 // After several weeks of analysis, Chief Financial Officer Alex Sink sent Gov. Charlie Crist, Senate President Ken Pruitt, House Speaker Marco Rubio and other legislative leaders a letter outlining potential implications of...
Insurer Seeks Repayment from Parents of Vt. Teen Who Took Hostage
Jul 16 2007 // An insurance company that paid workers’ compensation to a bank employee traumatized in a Thetford, Vermont hostage-taking incident is seeking to recover the money from the family of the teenager charged in the...
Mass. To Test Drive Competitive Rating for Auto Insurance for First Time in 30 Years
Jul 16 2007 // The last time — January, 1977 — Massachusetts tried to introduce competitive rating into private passenger auto insurance, a Democrat, Michael Dukakis, was governor. The experiment lasted about seven months before...
Ark. Reminds Insurers not to Penalize Armed Services Personnel
Jul 13 2007 // The Arkansas Insurance Department issued a directive to property and casualty carriers issuing policies containing “occupancy” requirements in their underwriting standards that could adversely impact insurance...
Fla. Insurer Group Places New Chairman
Jul 12 2007 // The Florida Insurance Council installed George Grawe, Regional Counsel for Allstate Insurance Company and the Allstate Floridian Insurance Companies, St. Petersburg, as 2007/2008 Chairman of its Executive Committee and...
Born in Crisis, Insurer for Mutual Insurers, Agents Marks 20th Year
Jul 12 2007 // The blueprint for the company was originally conceived by an ad hoc task force of senior executive officers from several mutual property/casualty insurance companies in response to the liability insurance crisis of the...
Insurance Group Urges Defeat of Wis. Auto Repair Shop Legislation
Jul 11 2007 // The American Insurance Association (AIA) today urged Wisconsin legislators to reject two bills that would make it illegal for insurers to provide their customers valuable information after a car accident. “These...
U.S. P/C Insurers’ Paid $2.1 Billion for 2d Quarter Catastrophes
Jul 10 2007 // U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $2.175 billion for second-quarter property losses resulting from a total of six catastrophes in 25 states — tying the record for...
S.D. Arsonist to Pay $76,000 Back to Insurance Company
Jul 9 2007 // A South Dakota judge has ordered a man who set fire to a Rapid City home last fall to pay thousands of dollars in restitution to an insurance company. Dustin Bomford, 19, pleaded guilty to second-degree arson and was given...
Insurer Group Refutes Fla. Gov. Crist’s Claim of ‘Broken Promises’
Jul 6 2007 // Insurance companies have taken exception to a reported accusation by Florida Gov. Charlie Crist that the insurance industry has broken its promises to lower rates and help restore the state’s private property...
Fla. CFO Cuts State’s Workers Comp Charge to Insurers
Jul 5 2007 // Florida Chief Financial Officer Alex Sink ordered a 50 percent cut in the 2008 Workers’ Compensation Administration Trust Fund assessment rate. The reduction is projected to result in as much as $19 million in...
FindMyBestAgent.com Redesigned to Provide Enhanced, Organized List of Insurance Companies and Agents
Jul 5 2007 // What began as a simple online directory has been redesigned into a comprehensive, feature-rich information powerhouse. FindMyBestAgent.com, under new ownership by an insurance industry insider, has just re-launched to...
Insurer Group Asks La. Gov. to Veto Hike in Minimum Insurance Limits
Jul 5 2007 // The Property Casualty Insurers Association of America (PCI) announced it has requested that Louisiana Gov. Kathleen Blanco veto SB 233, which the insurer group says would dramatically raise the state’s minimum...
Nevada Consumers Puzzle over Using Credit History to Set Rates
Jul 5 2007 // As Ed Rathje sees it, his first foray into the Nevada Legislature as a citizen-activist ended in “total defeat” earlier this month when a bill he was pushing to limit the insurance industry’s use of...
Insurer Reported to Pay $20 Million to Settle Bad Faith Claim in Pa.
Jul 2 2007 // An insurer has agreed to pay $20 million in what is believed to be the state’s richest settlement of a bad faith claim. According to the plaintiff’s attorney, Robert Mongeluzzi of Saltz Mongeluzzi Barrett...
Insurer Group: La. Legislature Acts to Revive Marketplace
Jul 2 2007 // The Louisiana Legislature adjourned last week after sending to the governor a series of bills including one that abolishes the state’s insurane rating board. The enactment of HB 960, which abolishes the Louisiana...
Lawsuit claims insurer denied firefighter’s benefits, caused death
Jul 2 2007 // The family of a Puyallup, Wash., firefighter has filed a lawsuit claiming the city of Puyallup and its insurer illegally denied health benefits after the worker contracted a disease on the job that eventually led to his...
Focus key to surviving insurance industry challenges
Jul 2 2007 // The “big problems” facing insurance agents and brokers today are human resources; government intervention; sustaining agency revenue growth/profit; maintaining a consistent company strategy and tactics; and...
Maximize your value by asking the right questions
Jul 2 2007 // Price, all too often, is the single factor in an agent’s choice of workers’ compensation insurance coverage for his or her clients. An effective way to differentiate your agency from your competitors is to shop...
