Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
S&P Sees Japan P/C Sector as ‘Stable’
May 30 2007 // Standard & Poor’s Ratings Services latest report on the Japanese non-life industry concludes that, despite large payouts the sector remains relatively stable. However, 2006 was not a particularly good year....
Delaware Offers Prices from 53 Homeowners Insurers Online
May 29 2007 // Delaware Insurance Commissioner Matt Denn has unveiled an online homeowner insurance tool that compares rates from 50 insurers and complements an auto insurance rate comparison that has been available since November. Denn...
Study Highlights Industry’s Potential Climate Change Liabilities
May 29 2007 // Liabilities follow the insurance industry as the night follows the day. So, it’s not terribly surprising to learn that a new study – “Limiting Liability in the Greenhouse: Insurance Risk-management...
Utilities, Insurers Say They’re Better Prepared for Hurricane Season
May 29 2007 // Forecasts for a busier-than-normal hurricane season mean added pressure on the utility and insurance industries, but they say they’re more prepared to absorb a catastrophic hit. Power utilities have invested in...
FERMA Calls EC Broker Commission Rules ‘Not Entirely Satisfactory’
May 29 2007 // The Federation of European Risk Management Associations notified the European Commission that the level of transparency of broker commissions is still “not entirely satisfactory.” FERMA first proposed changes...
Insurer Helps Develop Hurricane Plan for Newport’s Picturesque Mansions
May 25 2007 // Perched on the picturesque Rhode Island coastline, the 11 Newport Mansions are a national treasure. Once a summer getaway for the country’s wealthiest industrialists, today the historic mansions are a tourist...
Sens. Sununu, Johnson Reintroduce Optional Federal Charter Legislation
May 25 2007 // United States Senators John Sununu, R-NH, and Tim Johnson, D-SD, reintroduced “The National Insurance Act of 2007,” legislation that aims to modernize insurance industry regulation by providing an optional...
Plan Meant to Lower La. Citizens Rates Wins Panel’s Approval
May 25 2007 // The Louisiana House of Representatives Insurance Committee approved a plan meant to lower homeowners rates charged by Louisiana’s state-backed insurer, despite warnings that it will backfire and exacerbate the...
E&S Carrier Ironshore Approved to Write Commercial Risks in Fla.
May 24 2007 // Bermuda-based Ironshore Insurance Ltd. reports it has been approved to write property, property catastrophe and casualty insurance on an excess and surplus basis for risks in Florida. Ironshore, formed in late 2006, is a...
Let Ground Zero Rebuilding Begin: Spitzer Brokers Settlement with 7 Insurers
May 23 2007 // New York Governor Eliot Spitzer and Insurance Superintendent Eric R. Dinallo announced that they have negotiated a $2 billion settlement between Silverstein Properties and seven insurance companies covering all outstanding...
Wash. Sets Hearing for Purchase of Unigard Insurers
May 23 2007 // Washington’s Office of the Insurance Commissioner has scheduled a May 29, 2007, hearing in Tumwater, Wash., to consider an Austrialian group’s request to purchase three Washington-based property and casualty...
S&P Report Says Insurers’ Climate Change Concerns are Real
May 23 2007 // A new report from Standard & Poor’s Ratings Services – “Insurers Seek To Weather Changes In The Weather” – stresses that for the insurance industry, “climate’s impact...
Survey: 75% of Consumers Satisfied with Insurance Agents; Prefer Personalized Service
May 22 2007 // Three-quarters of consumers are very satisfied with the service provided by their insurance agents and remain committed to working with them in the future, according to a new survey of 1,000 American consumers commissioned...
Allianz Acquires Russian P/C Insurer
May 22 2007 // Germany’s Allianz further expanded its presence in the Russian insurance market with the announcement that it has “finalized the acquisition of the P/C insurer Progress-Garant.” Allianz purchased all of...
Insurers Ask Colo. to Veto UIM Coverage
May 22 2007 // The National Association of Mutual Insurance Companies is urging Colorado Gov. Bill Ritter to veto Senate Bill 256, legislation concerning uninsured and underinsured motorists. In a letter to the governor, NAMIC warned...
Pennsylvania House Approves Ban on Emergency Services Fees
May 22 2007 // The Pennsylvania House has voted 190 – 7 to prohibit municipalities from billing insurers or citizens a fee when a police department is called upon to respond to a motor vehicle accident. The vote was cheered by...
New ‘GREEN’ Captive Insurer Promises Savings for Eco-Friendly Businesses
May 22 2007 // Plans are in place for what its creators say will be the first captive insurance program designed exclusively for companies that are committed to sustainable business practices such as using renewable energy and producing...
Agent Association Says Wash. Fair Conduct Act Bad Idea
May 21 2007 // The Professional Insurance Agents (PIA) of Washington has issued a statement, noting it is discouraged by the decision of Governor Chris Gregoire to sign Washington’s ESSB 5726 into law. The law, which will take...
Insurer recommendations
May 21 2007 // PCI offered a variety of suggestions for consideration by lawmakers, including: Enhancing the My Safe Florida Home Program to provide more effective economic incentives for consumers to retrofit homes that reduce losses...
Are you truly independent?
May 21 2007 // Given today’s business environment, is it possible for independent agents to truly be “independent?” When we talk about an independent agent, we simply think of a producer who has access to many different...
