Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Largest Ill. Medical Malpractice Insurer Lifts Moratorium on New Business
Jan 17 2007 // The largest medical malpractice insurer in Illinois plans to lift a four-year-old moratorium on new business, citing an improved economic and legal climate. ISMIE Mutual Insurance Co., which provides malpractice coverage...
Rep. Thompson: Miss. Katrina Ruling Will Prompt Probe of Insurers
Jan 15 2007 // A federal judge’s ruling in favor of a Biloxi couple in a Hurricane Katrina insurance lawsuit will prompt a congressional investigation into insurance companies’ denial of claims, Rep. Bennie Thompson, D-Miss.,...
Fla. Lawmakers Face Balancing Act in This Week’s Insurance Session
Jan 15 2007 // Florida lawmakers wish they could simply outlaw hurricanes. That would solve the state’s insurance crisis. Unfortunately, changing the weather seems easier than what legislators have on their hands. As they return to...
After Record 2006, P/C Insurers See Promising 2007 Ahead
Jan 15 2007 // Property/casualty insurers should be able to build on the momentum of 2006 to deliver another profitable year in 2007 if they maintain discipline on price, a group of industry observers told insurance executives attending...
D&O Insurers Not Worried About Stock Options Backdating Probes…Yet
Jan 12 2007 // The insurance industry does not think the emerging scandal over backdating of stock options will reach a point where it will pose a major claims problem for insurers of directors and officers. “If it were a problem,...
Mass. Diocese Ordered to Release Sex Abuse Documents to Insurers
Jan 12 2007 // A judge has ordered the Roman Catholic Diocese of Springfield, Mass. to release thousands of pages of documents in a dispute between the church and seven of its insurance carriers over settlements with clergy sex abuse...
Lloyd’s Chief Says Insurers Must Take Action on Climate Change Issues
Jan 12 2007 // Insurers must address global climate change as they cope with the growing cost of extreme natural disasters, said Lord Peter Levene, chairman of Lloyd’s, the London insurance market. “We cannot risk being in...
Fla. Senate Proposal Would Give Citizens Customers Relief
Jan 10 2007 // Customers of the state’s largest insurer, Citizens Property, would be spared a recent proposed 55 percent increase and see their rates frozen for a year under a massive bill proposed Monday by a state legislative...
Miss. Congressman Calls for Federal Probe into Insurers’ Katrina Practices
Jan 10 2007 // U.S. Rep. Gene Taylor has called for a congressional investigation into the post-Hurricane Katrina practices of private insurance companies. Taylor, D-Miss., made the announcement Monday at a public forum in Ocean...
Ind. Insurer Pulls Out of State Over Regulatory Action
Jan 10 2007 // An Indiana-based insurer is pulling out of West Virginia, saying regulatory action taken against it by the state forced the decision. Medical Savings Insurance of Indianapolis notified customers this month that it will not...
Report: Nearly 20% of Customers Consider Switching Insurers After Collision
Jan 9 2007 // Nearly one out of every five customers considers switching insurance companies after experiencing the collision claim process, according to the J.D. Power and Associates 2006 Collision Repair Satisfaction...
Report: Calif. Health Insurers Deny Policies over Jobs, Medications
Jan 9 2007 // Some Californians are refused individual health insurance policies even if they are in good health and can afford coverage because of their jobs and use of certain medications, according to a published report. Such...
IIAT and Insurors Indemnity Team Up for Commercial Lines Program
Jan 8 2007 // The Independent Insurance Agents of Texas and Waco-based Insurors Indemnity announced they have teamed up to offer qualifying IIAT members a new commercial market for small to medium business accounts. IIAT will help...
California Reaches Agreement with Insurers Over Legal Fees
Jan 8 2007 // The California Department of Insurance announced it has reached a resolution of its obligation to pay attorneys’ fees to two of the insurance companies that challenged the constitutionality of the landmark Holocaust...
Insurer Warns Some Cyber Policies Leave Gaps in Coverage
Jan 8 2007 // Security breaches are becoming more frequent as businesses increasingly rely on technology to store and transfer assets and sensitive information, such as customer names and credit card numbers. With each security breach,...
Consumer Federation: Insurers Increase Profit Levels by Overpricing Policies
Jan 8 2007 // National consumer organizations joined the Consumer Federation of America (CFA) today in Washington D.C. to release a new study concluding that the property/casualty insurance industry (which includes the nation’s...
National Group Responds to Consumer Federation Study on Insurer Profitability
Jan 8 2007 // The National Association of Mutual Insurance Companies (NAMIC) issued the following statement in response to allegations by the Consumer Federation of America (CFA) regarding record profit levels among insurers. “The...
Bi-cycling
Jan 8 2007 // What a difference a year makes. The U.S. property/casualty industry posted a $24.4 billion net gain on underwriting through the first nine months of 2006. For the same period in 2005, it lost $2.5 billion. Insurers and...
La. judge: Insurers liable for water
Jan 8 2007 // Even though a homeowner’s insurance policy said floods were not covered, leaving that statement out of the application left the company liable for damages to a house destroyed by Hurricane Rita’s winds and...
Dissecting a claims made policy
Jan 8 2007 // You’ve heard the phrase: “If I could predict the future, I would be wealthy.” If our industry truly could do that, underwriting, rating and pricing would become the easiest tasks on the planet. Short of...
