Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Associations oppose eliminating contingent commissions
Sep 4 2006 // The attorneys general of New York, Connecticut and Illinois are continuing their fight against anti-competitive practices in the insurance industry. In doing so, they have been finding fault with contingent commissions...
M.H. Ross Finds New Carrier for Travel Coverage
Sep 1 2006 // The M.H. Ross Co., Northride, Calif., has announced that as of March 1, 2007, the firm’s travel insurance policies will be underwritten by Old Republic Insurance Co., a subsidiary of Old Republic International Corp.....
Research & Markets Issues Study of China’s Insurance Industry
Sep 1 2006 // Dublin-based Research and Markets has announced the addition of “China Insurance Industry Report (Investment & Merger)” 2006 to their offering. R&M said the “report describes the status quo of...
Drive Insurance Survey Asks Young Agents Their View on Industry Challenges, Opportunities
Aug 31 2006 // The future of any industry, including the independent insurance agency system, depends on the successful development and advancement of today’s young professionals. One event designed to help young agents master the...
Plaintiffs Crowd La. Courthouse, Suing Insurers Just in Case
Aug 31 2006 // The line of people suing insurance companies – just in case something derails Louisiana’s one-year extension of the deadline for victims of last year’s hurricanes – spilled out of the clerk of...
California Insurers Oppose Giving Punitive Damages to State
Aug 31 2006 // The Association of California Insurance Companies’ (ACIC) has sent an opposition letter to SB 832, a late end-of-session development, to members of the Assembly. According to ACIC, the bill would grant, for the first...
N.J. Lawmaker Reimburses Insurer for Gifts from Lobbyist
Aug 31 2006 // The head of the New Jersey Democratic Party has repaid Prudential Insurance Co. more than $1,200 for golf tickets and other gifts he received from a former lobbyist who was later accused of stalking him. Assemblyman Joseph...
Chicago Group Designs Test Study for Underwriting in Urban Markets
Aug 30 2006 // Insurers seeking a competitive edge in diverse markets are in the final stages of designing a study that will test a wide array of traditional and non-traditional information. Chicago-based Urban Insurance Partners...
Ill. Consumers File Fewer Complaints Against Insurers in 2005
Aug 30 2006 // Illinois consumers filed fewer complaints regarding their insurance companies and HMOs in 2005, according to consumer complaint statistics released recently by the Illinois Department of Financial and Professional...
Customer Satisfaction Impacts Bottom Line, J.D. Powers Reports
Aug 29 2006 // Auto insurance companies that record high levels of customer satisfaction benefit from customer behaviors that have positive financial implications, according to the J.D. Power and Associates 2006 National Auto Insurance...
Texas Insurers Say They Learned Lessons from Hurricane Katrina
Aug 29 2006 // Texas insurers were thankful that Hurricane Katrina avoided the state’s coastal property, but the storm provided the industry valuable lessons in dealing with future catastrophes. Hurricane Katrina forced companies...
Fla. Workers Comp Insurers File for 13.3% Rate Reduction
Aug 29 2006 // Workers compensation insurers have filed to reduce rates in Florida an average 13.3 percent statewide next year. Florida Insurance Commissioner Kevin McCarty said the cut, if approved, would produce a savings of over $400...
R&M Report Assesses Top U.K. General Insurers
Aug 28 2006 // Dublin-based Research and Markets has added a U.K. “General Insurance Market Assessment 2006” to their offering. The report examines the state of general insurance in the retail market in the UK in 2006. It...
California Lawmakers Enter Final Days of 2005-06 Session
Aug 28 2006 // California lawmakers on Monday will begin the final days of the 2005-2006 legislative session, which ends midnight Aug. 31. The following, by Sam Sorich, president of the Association of California Insurance Companies, is a...
Another Federal Laptop Stolen: Motor Carrier Licenses May Be At Risk
Aug 27 2006 // A laptop that might contain personally identifiable information on 193 people who have commercial driver’s licenses was stolen in Baltimore this week, transportation officials said Friday. The Federal Motor Carrier...
Republican Blames Own Party for Failing to Solve Fla. Insurance Crisis
Aug 27 2006 // Republican state Rep. Juan Zapata said his own party has failed Floridians by not coming up with a solution to the state’s insurance crisis and accused a fellow GOP lawmaker who has had a large role in insurance...
La. Man Booked for Trying to Defraud Insurance Company
Aug 25 2006 // A 29-year-old Louisiana man has been arrested for filing a bogus auto insurance claim in an attempt to defraud his insurance company, state police said Aug. 23. Glynn Johnson Jr., formerly of New Orleans, was arrested in...
Insurers Failing To Hit ROI for IT Projects, Survey Says
Aug 25 2006 // While insurers are increasingly embracing the use of return on investment (ROI) to measure the success and failure of IT projects, many are failing to meet their own targets, according to a new survey released by...
Marsh Given OK to Accept Contingent Pay When Serving as MGA
Aug 25 2006 // In a departure from their $850 million agreement prohibiting all contingent payments, New York officials have agreed to let Marsh & McLennan Cos. Inc. (MMC) accept contingent commissions from an insurer for which...
Commerce Insurance Says Mass. Doesn’t Need Assigned Risk Plan
Aug 24 2006 // The state’s largest auto insurer and the lead plaintiff in the fight against Massachusetts Insurance Commissioner Julianne Bowler’s effort to install an auto insurance assigned risk plan is hoping that Bowler...
