Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
La. Gov. Pitches $100M Insurance Plan
May 1 2007 // With Louisiana’s hurricane recovery stymied in part by skyrocketing property insurance rates, Gov. Kathleen Blanco has a plan to ease the problem: Offer insurance companies $100 million in incentives. But in an...
Proposal Would Give La. AG Muscle in Insurance Disputes
Apr 30 2007 // Mississippi Attorney General Jim Hood didn’t wait long to take on the insurance industry for denying the claims of thousands of policyholders after Hurricane Katrina. Less than a month after the Aug. 29, 2005, storm...
Willis Rejects Insurers’ Alternatives for Contingent Commissions
Apr 30 2007 // After a review of the supplemental compensation plans recently proposed in the marketplace by certain carriers, Willis Group Holdings reported that it will not be accepting these incentive arrangements because, it says,...
First Quarter Catastrophes Cost U.S. Insurers $1.22 billion
Apr 27 2007 // U.S. property and casualty insurers are expected to pay some $1.22 billion for catastrophic events during the first quarter, including severe tornadoes in several southern states, according to a company that tracks...
Generali, PPF Create Joint Insurer for Eastern Europe
Apr 27 2007 // Italy’s Generali Group has concluded an agreement with PPF Group N.V., an international financial group, headquartered in Amsterdam, Netherlands, which is 95 percent controlled by Petr Kellner, a Czech entrepreneur...
Mich. Business Tax Plan Would Impact Insurance Companies
Apr 27 2007 // A new business tax plan detailed this week by the Michigan House Democrats would reward companies that create jobs in Michigan, but could shift more of the burden to those headquartered out of state and insurance...
Mo. Dept. Warns Consumers about Charitable Group Acting as Insurer
Apr 26 2007 // Missourians should exercise caution when supporting an alleged Tennessee-based charitable organization, the Missouri Department of Insurance, Financial Institutions and Professional Registration said in a recent...
P/C Insurers to Pay $1.2 Billion in 1st Quarter Home, Business Catastrophe Claims
Apr 25 2007 // Severe tornadoes in several southern states helped push catastrophe losses to more than $1.2 billion during the first quarter of 2007, according to the industry’s Property Claim Services (PCS), a unit of Insurance...
Program Writer Delos Forms Excess & Surplus Insurer, Naxos
Apr 24 2007 // New York-based Delos Insurance Company launched a new excess and surplus (E&S) lines company, Naxos Insurance Company, which will be a wholly-owned subsidiary of Delos. Naxos operations will be managed under terms of...
Fla. House Panel Moves Bill Banning Fla.-Only Insurer Subsidiaries
Apr 24 2007 // National insurance companies would be prevented from setting up new, Florida-only subsidiaries under a bill a House panel approved Monday, part of an effort to force property insurance rates lower to appease angry...
Premium growth: Should it be measured by company or by group?
Apr 23 2007 // Henry Miller, the author of “The Absolute Collective,” once said that “all growth is a leap in the dark, a spontaneous unpremeditated act without the benefit of experience.” Although he spoke of...
2007 Agency Salary Survey says …
Apr 23 2007 // More than a 1,000 insurance agencies nationwide responded to the 2007 Agency Salary Survey published in the March 12, 2007, issue of Insurance Journal. While Insurance Journal published the survey results in its annual...
Globalization of directors and officers coverage
Apr 23 2007 // International business expansions deliver new exposures, new concerns Globalization of directors and officers (D&O) liability products has opened up a whole new world of “what ifs” and “spiraling...
Captive insurers honor Vermont regulator
Apr 23 2007 // For more than 30 years, Leonard Crouse has been credited as a key figure in advancing the captive insurance industry. Now Crouse, the deputy commissioner for captive insurance for Vermont, has been honored for his efforts...
News Currents
Apr 23 2007 // Judge rejects antitrust, racketeering charges in brokerage suit Plaintiffs in a class action suit alleging bid rigging and account steering by commercial insurers and brokers have failed to show that the defendants’...
News Currents
Apr 23 2007 // Insurers fight impression their big profits are at claimants’ expense The headline numbers were eye-popping: Allstate reported a record $5 billion profit for 2006. State Farm Insurance’s profit climbed 65...
With La. session on horizon, governor and commissioner unveil package of bills
Apr 23 2007 // Louisiana Governor Kathleen Babineaux Blanco and state Commissioner of Insurance Jim Donelon on April 11 unveiled a joint legislative package designed to attract new insurers to the state, drive down rates and protect...
Disruptive Forces in the Insurance Industry: Constructive or chaotic?
Apr 23 2007 // Capital markets, technology and the use of mass media could be disruptive forces in the insurance industry in the near future, according to Paula Reynolds, CEO of Seattle-based Safeco Insurance Co. Speaking at the...
2007 Agency Salary Survey says …
Apr 23 2007 // More than a 1,000 insurance agencies nationwide responded to the 2007 Agency Salary Survey published in the March 12, 2007, issue of Insurance Journal. While Insurance Journal published the survey results in its annual...
Globalization of directors and officers coverage
Apr 23 2007 // Globalization of directors and officers (D&O) liability products has opened up a whole new world of “what ifs” and “spiraling concerns” for the insurance industry. For starters, insurers,...
