Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurers Oppose Nevada Bill that Would Open Court Records
May 17 2007 // Judges and an insurance trade association stated that they’re opposed to a bill that would restrict Nevada judges’ ability to seal court records, raising questions about its lack of privacy protections. Chief...
Insurers Urge S.C. Senate to Accept House Version of Workers’ Comp Bill
May 17 2007 // The South Carolina House of Representatives unanimously approved a workers’ compensation reform measure that is stronger than the version passed last month by the Senate, according to the American Insurance...
Mass. Workers’ Comp Rates Going Down Again, This Time by 16.9%
May 16 2007 // Workers’ compensation insurers and the state regulator have agreed upon a 16.9 percent average decrease in workers’ compensation rates in Massachusetts starting Sept. 1, 2007. The industry’s...
Insurers Call for Additional Reforms for Florida Consumers
May 15 2007 // A new Florida law enacted during a 2007 January special session provides immediate savings for homeowners by shifting potential payments for hurricane losses from the homeowners receiving the current policy benefits to...
Texas Auto, Homeowners Rates Still Falling, Insurer Group Says
May 14 2007 // Data released from the Texas Department of Insurance (TDI) shows the state’s average automobile and homeowners rates continue to fall, the Insurance Council of Texas reported. The ICT says rates have been steadily...
N.C. Trial Lawyers Accuse Malpractice Insurer of Illegal Rates
May 11 2007 // An association of trial lawyers has accused North Carolina’s largest medical malpractice insurer of violating state law by charging doctors excessive rates, but the company said its rates are reasonable. The North...
HSBC, Aviva/Norwich Union to Create New UK General Insurer
May 11 2007 // HSBC Bank plc and Norwich Union Insurance, the U.K. operating company of the Aviva Group, announced plans to create a joint-venture general insurance company to underwrite and distribute products to HSBC’s 10.2...
S&P Reports Warns German Insurers of ‘Winds Of Industry Change’
May 11 2007 // Standard & Poor’s has issued a report – “Insurance Industry Risk Analysis: Clear Skies Belie A Brewing Storm As German Insurers Need To Prepare For Regulatory Reform & A Cyclical...
Insurers Say N.J. Bill Would Limit Insureds’ Choice
May 11 2007 // The New Jersey Senate Commerce Committee heard testimony that insurers say could make it more difficult for consumers to choose the level and type of insurance they use. The Property Casualty Insurers Association of...
Delaware Senate Bill Permits Restricted Use of Credit Scores
May 11 2007 // The Delaware Senate this week approved legislation that allows insurance companies to continue using credit-based insurance scores while putting in place additional consumer safeguards. Senate Bill 31 as originally...
Legislation Could Help S.C. Coastal Residents with Insurance
May 10 2007 // Residents on the South Carolina coast could see home insurance costs drop with a bill that received key approval Tuesday in the House. The legislation is part of Insurance Director Scott Richardson’s response to...
Wis. Hockey Player Loses 5-Year Battle with Insurance Company
May 10 2007 // An adult hockey player who punched an opponent in the face during a heated game in Appleton nearly five years ago lost a legal battle this week to have his insurance company pay the injured player. The 3rd District Court...
Magaril to Head Insurer Group’s N.Y. Office in Albany
May 9 2007 // The Property Casualty Insurers Association of America (PCI) has appointed Paul Magaril as regional manager and counsel of its New York office in Albany. Magaril will assist PCI members and handle state legislative and...
GMAC Insurance to Buy U.K. Auto Insurer Provident Financial
May 9 2007 // GMAC Insurance, the insurance business of GMAC Financial Services, has agreed to acquire Provident Insurance, the United Kingdom-based auto insurance division of Provident Financial PLC. The acquisition will complement...
Kan. Department Ready to Work with Adjusters, Residents in Storm Aftermath
May 8 2007 // Kansas Insurance Commissioner Sandy Praeger wants citizens to know the Kansas Insurance Department is here to help. In a statement on Monday morning she said, “The past weekend has been devastating for the state of...
Insurers Encourage Texas Consumers to Consider Flood Insurance
May 8 2007 // Recent severe weather in Texas has prompted the Southwestern Insurance Information Service, an insurance trade group, to remind consumers that damage to their homes resulting from flooding is not covered by the standard...
Editor’s Note: It’s about time, really
May 7 2007 // It will take the collective clout and leadership of agents everywhere to move more carriers and transactions to real time. Agents have the future of the agency system at their fingertips, literally. Many of those who have...
Case Law Watch
May 7 2007 // Anti-assignment Clause Holloway v. Republic Indemnity Co. of America (Oregon, Nov. 16, 2006) Ruling: At issue on this appeal was whether an anti-assignment clause that provided that “[y]our rights or duties under...
Assisted living and miscellaneous medical facilities spur new growth
May 7 2007 // An aging population and a demand for new and unique medical services in non-hospital settings are driving growth in certain areas of medical professional liability coverage, in particular medical facilities coverage. The...
Thinking outside of the box
May 7 2007 // No one knows just how many managing general agencies (MGAs) operate in the United States, but the insurance industry couldn’t survive without them, says Scott Anderson, current president of the American Association...
