Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
More Punch for Programs
Dec 10 2006 // Today’s managing general agencies and carrier partners in the specialty program marketplace are enjoying profitable times while looking over their shoulders at new carriers and agents eager to enter the ring,...
Allstate to Halt New Property Business in Conn., N.J. and Del.
Dec 8 2006 // Allstate Insurance Co., continuing its reappraisal of its hurricane loss exposure along the East Coast, has decided to stop writing new property insurance policies in all areas of Connecticut, New Jersey and Delaware. The...
La. Gov. Urges Insurer to Reverse Plan to Stop Renewing Commercial Policies
Dec 7 2006 // Louisiana Gov. Kathleen Blanco met with the state’s largest commercial insurer on Dec. 5, trying to convince executives to reverse an earlier decision to stop renewing policies in the New Orleans area next year. St....
Hartwig to Speak in Austin at Insurer Group’s Public Policy Forum
Dec 7 2006 // Dr. Robert Hartwig, president-elect and chief economist for the Insurance Information Institute is scheduled to speak in January at a public policy forum hosted by Southwestern Insurance Information Service. SIIS announced...
Conn. Coastal Rules Could Make Matters Worse, Warn Insurers
Dec 7 2006 // Insurers aren’t happy with new restrictions on coastal property underwriting being imposed by Connecticut Insurance Commissioner Susan Cogswell in a reversal of her previous policy and they warn that the rules could...
Insurer Group Names New Media Relations Director
Dec 7 2006 // The National Association of Mutual Insurance Companies (NAMIC) announced today that it has named Nancy Grover as its new media relations director. Grover, who will be based in NAMIC’s Washington, D.C. office, will...
Conn. Clamps Down on Shutters; Seeks Coastal Policy Alternatives
Dec 5 2006 // Home insurers in Connecticut may no longer require permanently installed storm shutters as a condition for writing or renewing policies but must offer consumer choices of loss mitigation controls and deductibles, according...
Insurers Get Serious About Enterprise Risk Management, Tillinghast Reports
Dec 5 2006 // Driven in part by increased demands from regulatory and rating agencies, enterprise risk management (ERM) has become integral to insurers’ business processes around the world. Sixty percent of survey respondents...
California To Rule on Industry Petition Becoming “Precedential Decision”
Dec 5 2006 // The California Office of Administrative Law (OAL) has decided to accept a petition filed by Insurance Brokers and Agents of the West (IBA West) requesting review of the former Insurance Commissioner John Garmendi’s...
Insurer Group to La. Lawmakers: Avoid Hasty Decision-Making
Dec 4 2006 // Louisiana’s special legislative session begins Dec. 8 and insurers are urging lawmakers to exercise caution in when it comes to making decisions regarding solutions to insurance issues or how to spend the...
Little Rate Relief Found First Year After N.J. Auto Reforms
Dec 4 2006 // A year after New Jersey enacted auto insurance regulation changes meant to reduce rates, state residents were still paying through the nose, according to the latest survey compiled by the National Association of Insurance...
Pa. High Court Revives Suits on Non-Profit Insurers’ Surplus
Dec 4 2006 // Pennsylvania’s highest court has breathed new life into lawsuits that ask the state’s four nonprofit Blue Cross and Blue Shield insurers to use some of their cash surpluses to lower health-insurance...
Atlanta Insurer Buys High Risk Insurer Omni from The Hartford
Dec 3 2006 // Independent Insurance Investments Inc. announced it has completed its acquisition of Omni Insurance Group. Omni, an Atlanta-based auto insurance company for high-risk drivers, generated net written premiums of $174 million...
N.Y. City Comptroller Hits Auto Insurers’ Profits; Insurers Hit Back
Nov 30 2006 // Auto insurance companies are profiting at unprecedented levels from New York drivers who are spending more on insurance premiums while the industry pays out less in claims, New York City Comptroller William C. Thompson,...
Businesses Must Address Environmental Exposures, Says Insurer
Nov 30 2006 // ACE European Group (ACE) is warning that UK businesses are exposing themselves to unnecessary environmental liability risks, simply because they continue to view specialist insurance products as too expensive and overly...
Spitzer Notifies Insurers Contingent Commissions No Longer an Option
Nov 30 2006 // New York Attorney General Eliot Spitzer has notified four leading insurance companies that, under agreements reached with his office earlier this year, they may no longer pay “contingent commissions” to agents...
Insurer Group Urges Supreme Court to Overturn Ruling on Credit Scoring
Nov 29 2006 // A national insurance trade group has filed an amicus brief urging the U.S. Supreme Court to overturn the cases of Safeco Insurance v. Burr and Geico General Insurance v. Edo, which said insurers acted in willful disregard...
PIA Offers ‘Main Street’ Agent Ad Campaign Free to Members, Insurers
Nov 29 2006 // Members of the National Association of Professional Insurance Agents and the insurance companies they represent can now participate in a new branding program, Local Agents Serving Main Street America,which has been...
Mass. AG’s Big Dig Suit Targets Include 3 Surety Insurers
Nov 29 2006 // Massachusetts Attorney General Thomas F. Reilly planned to file his civil lawsuit yesterday against 15 companies including three insurers that provided surety bonds for the general contractor of the Big Dig Interstate 90...
German Insurer Allianz Foresees Future Job Cuts
Nov 28 2006 // German insurer Allianz SE said it had reached a new labor deal that avoids any near-term compulsory layoffs but still foresees some 5,700 jobs cut by the end of 2008. Under the agreement with the ver.di union, Allianz...
