Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Are state-backed insurance schemes the wave of the future?
Apr 9 2007 // The government’s role in insurance markets is a matter of increasing importance and controversy. Historically, state insurance departments have regulated insurers and insurance markets, overseeing solvency, rate and...
Top 10 myths of D&O liability insurance
Apr 9 2007 // In today’s soft directors and officers market, the importance of a long term approach can often be lost in the process of securing coverage. However, history has proven in the past 15-plus years that the D&O...
Florida officials: Education, job rating ‘unintentionally’ harms minorities
Apr 9 2007 // A Florida report on the use of occupation and education in underwriting and rating auto insurance asserts that while the practices “unintentionally harm minorities and low-income individuals,” they are...
Are state-backed insurance schemes the wave of the future?
Apr 9 2007 // The government’s role in insurance markets is a matter of increasing importance and controversy. Historically, state insurance departments have regulated insurers and insurance markets, overseeing solvency, rate and...
News Currents
Apr 9 2007 // La. commissioner proposes $100 million fund to lure insurers to state Louisiana Gov. Kathleen Blanco has set aside $100 million in her budget to cover insurance issues and state Commissioner of Insurance Jim Donelon thinks...
Top 10 myths of D&O liability insurance
Apr 9 2007 // In today’s soft directors and officers market, the importance of a long term approach can often be lost in the process of securing coverage. However, history has proven in the past 15-plus years that the D&O...
On shaky ground?
Apr 9 2007 // Two decades since its formation, the West’s only regional catastrophe pool, the California Earthquake Authority, faces financial and management changes that could have significant implications for its future. Those...
Are state-backed insurance schemes the wave of the future?
Apr 9 2007 // The government’s role in insurance markets is a matter of increasing importance and controversy. Historically, state insurance departments have regulated insurers and insurance markets, overseeing solvency, rate and...
Riding out soft and hard market cycles with quality relationships
Apr 9 2007 // Analyzing the economic rhymes and reasons of soft and hard market cycles in the insurance industry would make for a challenging university-level business course. Theories abound on why and when these cycles occur, but no...
A.M. Best cites 15 P/C insurers as financially impaired in 2006
Apr 9 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...
La. Citizens CEO Hospitalized, Consultants to Take Over Insurer
Apr 6 2007 // Private consultants will take over management of Louisiana’s state-controlled insurer of last resort after the firm’s outgoing chief physically collapsed and its chief financial officer resigned. Terry Lisotta,...
Insurers Support Tax-Free Savings Accounts for Natural Disasters
Apr 5 2007 // Legislation that would allow homeowners to set up tax-free savings accounts for natural disasters would go a long way toward encouraging them to prepare for catastrophes, according to a national insurer group. A proposal...
Insurer Must Pay for Boy’s Breast Reduction Surgery, N.Y. Court Rules
Apr 5 2007 // An insurer that refused to pay for a teenage boy’s breast reduction on the grounds that it was cosmetic surgery must reimburse his father for the operation, an appeals court in New York has ruled. The Supreme...
S&P Says Credit Insurer Atradius Ratings ‘Unaffected by Combination’
Apr 4 2007 // Standard & Poor’s Ratings Services said that its “ratings and outlook on Netherlands-based credit insurance group Atradius (main operating entities are rated A/Stable/–) and Spain-based credit...
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...
