Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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,...
Mass. Ruling Gives New Hope to Advocates of Auto Assigned Risk Plan
Apr 20 2007 // Whether Massachusetts will implement an assigned risk plan for its private passenger auto market was considered a dead issue when in January the incoming Patrick administration suspended rules to create one, but now the...
SNL Financial to Publish Statutory Insurance Company Financial Data
Apr 18 2007 // Publisher SNL Financial has reached an agreement with the National Association of Insurance Commissioners (NAIC) to acquire and publish statutory insurance data through SNL’s database products. Statutory insurance...
Report Details P/C Insurers’ 2006 Proftability, Escape from Storms
Apr 18 2007 // Another report on the insurance industry confirms and details what has been widely acknowledged: a sharp decline in catastrophes in 2006 contributed to improved underwriting results for the year. The U.S. property/casualty...
Insurers Association Voices Concern Over Washington ‘Bad Faith’ Bill
Apr 17 2007 // Following the Washington Senate’s passing of an Insurance Fair Conduct Act, the Property Casualty Insurers Association of America (PCI) has issued a statement voicing its concern that the bill will lead trial...
Mass. Firm Fights State’s Bill for Explosion; Insurers Look to Recoup
Apr 16 2007 // A Massachusetts ink manufacturer whose plant exploded and damaged dozens of homes has mounted a legal challenge to the state’s authority to bill it $312,000 for the cost of responding to the crisis. Lawyers for CAI...
Military Insurer USAA Restricts New Business in Florida
Apr 13 2007 // Effective immediately, military personnel insurer USAA said it will “significantly restrict” the number of new homeowner, fire, and renter insurance policies it sells in Florida. USAA will only sell new...
