Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Fitch Sees Little Subprime Exposures in Latin American Banks, Insurers
Aug 23 2007 // A poll, conducted by Fitch Ratings, indicates that the banks and insurance companies it rates in the Latin America Region as to the extent they may hold direct or indirect exposure to U.S. subprime backed structured...
S&P Forecasts a ‘Challenging Environment’ for Global P/C Insurers
Aug 22 2007 // Standard & Poor’s Ratings Services has issued a report entitled “Global Multiline Insurers Brace For A Testing Second-Half 2007 As Property/Casualty Market Languishes,” on its RatingsDirect service....
Insurers Say Alaska Court Decision Could Lead to Uneven Rates
Aug 22 2007 // A ruling by the Alaska State Supreme Court requiring insurers to re-rate all policies at the very first renewal as if credit information was never considered will have the unintended result of forcing good insurance risks...
Best Offers Analysis on Securitization of Reinsurance Recoverables
Aug 21 2007 // A.M. Best Co. has released its methodology, “Securitization of Reinsurance Recoverables,” which describes the criteria it uses for rating securities collateralized by reinsurance recoverables. Best noted that...
Mo. Insurance Dept. Invites Captive Insurance Companies to State
Aug 20 2007 // The Missouri Insurance Department recently announced steps it’s taking to implement legislation signed by Gov. Matt Blunt, which allows for the formation of captive insurance companies to bring as much as $10 million...
Katrina at Two Years
Aug 20 2007 // $40.6 billion paid on 1.7 million insurance claims Two years after Hurricane Katrina struck, the “overwhelming majority of claims” in Gulf Coast states from her destruction have been settled in what has been...
Court affirms flood exclusions in La. property policies
Aug 20 2007 // Two federal appeals court rulings in early August in class-action lawsuits stemming from Hurricane Katrina-related property damage in Louisiana underscored the validity of flood exclusions in property insurance...
More than half of all RV owners may not have the right coverage
Aug 20 2007 // If your client bought a tractor-trailer or an airplane, you probably wouldn’t put either on their car insurance policy, since both are specialty vehicles and require specialized coverages and claims handling,...
Insurers, underwriters try to relax with medispas
Aug 20 2007 // In a world where one-stop shopping is the norm, it makes sense that consumers now demand cosmetic and medical services be blended and offered in one location. With no extra travel and no extra hassle, a one-stop, beauty...
More than half of all RV owners may not have the right coverage
Aug 20 2007 // If your client bought a tractor-trailer or an airplane, you probably wouldn’t put either on their car insurance policy, since both are specialty vehicles and require specialized coverages and claims handling,...
News Currents
Aug 20 2007 // Court affirms flood exclusions in La. property policies Two federal appeals court rulings in early August in class-action lawsuits stemming from Hurricane Katrina-related property damage in Louisiana underscored the...
Insurers, underwriters try to relax with medispas
Aug 20 2007 // In a world where one-stop shopping is the norm, it makes sense that consumers now demand cosmetic and medical services be blended and offered in one location. With no extra travel and no extra hassle, a one-stop, beauty...
Katrina at Two Years
Aug 20 2007 // Two years after Hurricane Katrina struck, the “overwhelming majority of claims” in Gulf Coast states from her destruction have been settled in what has been the single largest loss — $40.6 billion —...
Mass. Man Pleads Guilty to Eating Glass to Defraud Restaurant Insurers
Aug 17 2007 // A Massachusetts man pleaded guilty this week to his role in a multistate scheme in which prosecutors say he and his wife intentionally ate glass at restaurants and collected more than $200,000 in compensation. Ronald...
Hold the Kibble: Fat Cats and Dogs Cost Pet Insurer $14 Million
Aug 17 2007 // A fat cat, or dog, may result in a fat bill. Veterinary Pet Insurance (VPI), the nation’s oldest and largest provider of pet health insurance, recently reviewed policyholder data to find that it reimbursed more than...
N.Y. AG Cuomo Takes Issue with Health Insurers’ Physician Rankings
Aug 17 2007 // New York Attorney General Andrew M. Cuomo has warned two major health insurers, Aetna and Cigna Healthcare, that their physician ranking programs, as currently designed, “are likely to confuse or even deceive...
S&P Reports on Australian P/C Insurers
Aug 16 2007 // A new report from Standard & Poor’s Ratings Services notes that “from October 2006 to August 2007, the Australian non-life [P/C] insurance industry underwent a deluge of activity that is changing the...
S&P Reports New Zealand P/C Insurers Still Face Price Pressures
Aug 16 2007 // A new report from Standard & Poor’s Ratings Services notes that the New Zealand non-life (P/C) insurance industry is still on a downward pricing cycle that has yet to correct. The report entitled, “Pursuit...
Conn. Physicians Sue Insurers, Alleging They Favor Designated Doctors
Aug 16 2007 // A Connecticut physicians group has sued three insurance companies, claiming they steer patients to certain doctors designated as elite to cut costs. In a lawsuit filed in Danbury Superior Court, the Fairfield County...
Iowa Diocese Asks Court for Time to Negotiate with Insurers
Aug 16 2007 // The Davenport, Iowa Diocese has asked for more time to file its reorganization plan while it negotiates with insurance companies to compensate victims of clergy abuse. The diocese, which filed for bankruptcy last October...
