Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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...
Interim Report: No Proof Insurers Labeled Katrina Wind Claims as Flood
Aug 16 2007 // A preliminary report from the federal government has found no evidence to support allegations that private insurers improperly shifted wind damage claims from Hurricane Katrina onto the federal government’s flood...
Insurers Oppose Proposed Calif. Workers’ Comp Deductible
Aug 16 2007 // Some California insurers are asking the Legislature to reconsider a proposal that they say will boost workers’ compensation temporary disability payments to injured workers dramatically. The American Insurance...
Aon: China Must Boost Quality Control to Win Over Product Recall Insurers
Aug 16 2007 // Despite recent product recalls, brokers and insurers are rising to the challenge of insuring the Chinese manufacturing industry for recalls, according to a leading insurance broker and risk management consultant. However,...
Former N.Y. Mail Carrier Lied to Get Workers’ Comp Benefits
Aug 15 2007 // A former New York postal worker who said he suffered a back injury on the job 16 years ago has admitted to bilking the government out of nearly $400,000 in workers’ compensation benefits. David VanDeusen, 56, of...
