Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
!Cuidado! Construction Industry and the Latino Workforce
Sep 25 2006 // In the next 10 years, the construction business will need to fill more than 180,000 jobs. As the rush to fill these positions advances, workers’ compensation professionals will be challenged along with the...
P/C insurers’ performance exceeding Fitch estimates for 2006
Sep 25 2006 // The U.S. property/casualty insurance industry showed continued favorable and improved operating performance in the first half of 2006 and, based on results and barring any unusual events going forward, the industry is...
When insuring international trade, expect the world
Sep 25 2006 // Think how few things any of us wears, uses or drives that are wholly made in the USA, and that provides a sense of the magnitude of international trade. International trade also is no longer the domain of global giants...
The negligent premises liability inspection: Potential liability for the insurer?
Sep 25 2006 // People are always on the search for the “deep pocket” and insurers are very often the target of such searches. A common fixture of the underwriting process for many insurers is the inspection of an...
Insurers Lowering Car Insurance Rates in Virginia
Sep 25 2006 // Some of the top auto insurers in the nation are reducing rates in Virginia. The reasons range from high gas prices to more sophisticated technology with which companies can calculate the risks of insuring particular...
Advisory Group Expands Valuation Service for Agents, Insurers
Sep 22 2006 // Wheaton, Ill.-based The American Association of Insurance Services (AAIS) announced this week that it is expanding the availability of property valuation services provided by e2Value, Inc. to insurers that use the...
Small Insurer Granted 47.1 Percent Increase, Vows to Stay in La.
Sep 22 2006 // Homesite Insurance has promised to resume writing policies in southern Louisiana now that the Louisiana Insurance Rating Commission has granted it an average rate increase of 47.1 percent. The increase, approved Sept. 20,...
Regional Carriers Rank Best on Ease of Doing Business Performance
Sep 22 2006 // Regional insurance carriers again topped the list of best performers when it comes to ease of doing business, according to a new survey by Deep Customer Connections Inc. based in Acton, Mass. West Bend Mutual,...
One Year After Hurricane Rita Texas Insurers Offer Advice
Sep 22 2006 // As we approach the one-year anniversary of Hurricane Rita’s visit to Texas, residents along the Gulf Coast of Texas can and have learned a lot about the devastating effects of a hurricane, an insurance industry...
NAIC, Trades Spar at Congressional Hearing on Insurer Investments
Sep 20 2006 // The National Association of Insurance Commissioners (NAIC) President and Maine Insurance Superintendent Alessandro A. Iuppa told the House Finanacial Services Subcommittee panel that strong financial regulation of...
Insurer Group Presents 2006 Service Awards
Sep 20 2006 // The National Association of Mutual Insurance Companies presented 2006 Service Awards at its annual business meeting held this week in Tampa, Fla. The five recepients included Midwesterner Terry Wendorff, CPCU, president...
Insurer ProMutual Offers Captive-Like Option to Medical Facilities
Sep 19 2006 // ProMutual Group, a provider of medical malpractice liability insurance in the Northeast, recently launched ProSolutions Insurance Company, an alternative capptive-like insurance entity designed to assist medical facilities...
Lawyers Seek to Lift W. Va. Ban on Certain Bad Faith Suits
Sep 19 2006 // While West Virginia Gov. Joe Manchin and the insurance industry credit last year’s ban on “third party, bad faith” lawsuits for $77 million in policy rate cuts, Jenny Bonham believes it helped one insurer...
Fla. Orders 5 Workers’ Comp Insurers to Refund ‘Excess Profits’
Sep 19 2006 // Florida Insurance Commissioner Kevin McCarty has ordered five workers’ compensation insurance carriers to return what his department has determined are excessive profits totaling $649,363.00. Workers’...
N.J.’s National Atlantic, Commerce Group of Mass. in Talks
Sep 19 2006 // New Jersey property casualty insurer National Atlantic Holdings Company has confirmed that it is engaged in preliminary discussions regarding potential transactions with The Commerce Group, Inc. of Webster, Mass. The...
Report Identifies Major Risks for P/C Insurers
Sep 19 2006 // Casualty Actuarial Society, ERM Institute International, Ltd (ERM-II), and the CAS/SOA Risk Management Section have released the results of a major research project titled “Enterprise Risk Management for...
Insurers Have Work to Do on Own Business Continuity Plans
Sep 18 2006 // Insurance carriers recognize the need for having a business continuity plan in place, according to a survey recently conducted by IVANS, however, much work still needs to be done in the area of disaster recovery to be...
Insurer Association Urges Veto of Calif. Punitive Damages Bill
Sep 18 2006 // The Association of California Insurance Companies (ACIC) is urging Governor Arnold Schwarzenegger to veto punitive damage recovery legislation that it says “makes no public policy sense from either a fiscal or legal...
Ohio Ward Group Conducts Customer Retention Study for Insurers
Sep 18 2006 // Cincnnati, Ohio-based Ward Group, a provider of benchmarking and best practices consulting services, is conducting an in-depth study of customer retention at both personal lines and commercial lines property-casualty...
E&Y Survey: 80% of EU Insurers Start Solvency II Compliance; Will Affect U.S.
Sep 15 2006 // The shoe doesn’t fall until 2010, but already, according to a survey by the Ernst & Young Global Insurance Centre, 80 percent of “major European insurance companies have already begun Solvency II (SII)...
