Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Study: Time is Right for Insurers to Improve Mobile Strategies
Apr 4 2007 // New research from research and advisory services firm TowerGroup finds the time is right for U.S. property and casualty claims insurers to aggressively exploit the business benefits of an enterprise mobility...
Insurers Blast Florida Report on Education, Job Rating
Apr 3 2007 // Florida insurers are hammering a Florida Office of Insurance Regulation report on the use of occupation and education for rating of auto insurance policies, calling the report’s claims that the use of these factors...
Insurers Support Limited Wind Pool Expansion in S.C.
Apr 3 2007 // Insurers have expressed support for a limited expansion of South Carolina’s wind insurance pool, as long as the state entity remains a market of last resort and does not offer rates that are competitive with private...
London Boroughs Form First Local Mutual Insurer in 100 Years
Apr 2 2007 // London is a huge city. 7,500,000 million people live within its city limits and over 14 million in the greater Metropolitan area. Sometimes bigger isn’t necessarily better. That appears to be the impetus behind the...
Insurer Sues Le-Nature, Says Pa. CEO Lied on Liability Form
Apr 2 2007 // A New Jersey-based insurance company has sued the bankrupt bottled water maker Le-Nature’s Inc. and its former CEO, alleging that the executive lied in an application for a policy meant to protect him from legal...
Narcotics Found in Des Moines Insurance Company Restroom
Apr 2 2007 // Police closed a downtown street last week after finding a suspicious powder in the restroom of an insurance company. Police determined the powder, found in a small plastic bag, was an illegal drug. “We tested it with...
Insurers Commend Mississippi’s New Mitigation Program
Mar 30 2007 // The Mississippi Legislature put its stamp of approval on a comprehensive homeowner mitigation program earlier this week, giving final approval to HB 753 and sending it to Gov. Haley Barbour. The program has the potential...
Best Assigns ‘A-‘ Ratings to German Insurer WuerttVers
Mar 30 2007 // A.M. Best Co. has assigned a financial strength rating of “A-” (Excellent) and an issuer credit rating of “a-” to German insurer Wuerttembergische Versicherung AG (WuerttVers) with a stable...
Conn. AG Hits Department’s Failure to Penalize Health Insurer
Mar 30 2007 // Connecticut Attorney General Richard Blumenthal said the state Department of Insurance (DOI) has failed to hold an insurance company accountable for “repeatedly and unconscionably denying consumers promised health...
Judge Rules Spitzer Suit May Continue; Liberty Mutual Not Giving Up Fight
Mar 30 2007 // Liberty Mutual has vowed to continue its court fight against charges begun by former New York Attorney General Eliot Spitzer that it engaged in anti-competitive bid-rigging and broker compensation practices after a judge...
Revised Captive Laws in Effect in D.C.
Mar 30 2007 // Two changes to captive insurance laws passed by the Council of the District of Columbia went into effect on March 14, 2007. Supporters see the changes as giving captives more flexibility and making the District a more...
N.Y. Insurer to Pay Customers for Unlawful Access to Credit Reports
Mar 30 2007 // New York Attorney General Andrew M. Cuomo has negotiated a settlement affecting nearly 400 New York consumers whose credit reports were unlawfully accessed by an insurance company. Under the settlement, Administrators for...
‘Near Term’ Hurricane Models Used by Insurers Under Fire
Mar 29 2007 // Recent “near term” hurricane prediction models based on five-year forecasts are being skewered by consumer groups urging state regulators to reject them as a basis for hiking coastal property insurance...
Mich. Body Shop Owners Defraud Insurers of Millions, Cox Says
Mar 29 2007 // A woman and two sons who run a string of Detroit-area auto body shops have been charged with conspiracy, fraud and racketeering on accusations that they tricked insurers out of millions of dollars through false...
Wife of Former Yankee Lidle Sues Baseball’s Benefit Insurer
Mar 28 2007 // The widow of New York Yankees pitcher Cory Lidle has sued MetLife Inc., claiming she is owed more than $1 million under baseball’s benefit plan. Lidle died in the crash of his small plane Oct. 11 and was covered by...
Let Private Markets Handle Most Disasters, Insurers Advise Congress
Mar 28 2007 // The best way for the federal government to help property owners recover from a natural disaster is to let private insurers do what they know, except in the case of a megadisaster, when federal aid would be needed. That was...
Insurers Reject Critics Who Say Big Profits Are at Claimants’ Expense
Mar 28 2007 // The headline numbers were eye-popping: Allstate reported a record $5 billion profit for 2006. State Farm Insurance’s profit climbed 65 percent for the year. St. Paul Travelers’ earnings rose sixfold in the...
Washington Aims to Establish Insurance Fair Conduct Act
Mar 27 2007 // The Washington Senate has adopted an amendeed bill that insurance industry associations say will increase the number of lawsuits filed and needlessly drive up insurance costs for consumers. Senate Bill 5726 was developed...
Mass. Auto Report Urges Limited Price Competition; No Assigned Risk Change for Now
Mar 27 2007 // A special auto insurance study group appointed by Massachusetts Gov. Deval Patrick has recommended modest changes to introduce limited pricing competition while warning against a proposed overhaul of the state’s high...
A.M. Best Cites 15 P/C Insurers as Financially Impaired in 2006
Mar 27 2007 // Seventeen U.S. insurance companies became financially impaired in 2006, despite a respite for property/casualty insurers from two consecutive turbulent hurricane seasons and more diversified asset portfolios among...
