Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Ill. Director Looks at New Options for Insurers to Serve Urban Markets
Nov 28 2006 // Regulators want to make sure that insurers are serving the urban market appropriately, according to Illinois Insurance Director Michael T. McRaith, who spoke at a recent workshop sponsored by the Urban Insurance Partners...
Blanco and Donelon Urge Insurers to Speed La.’s ‘Road Home’
Nov 27 2006 // Amid complaints the Road Home program is moving too slowly, Louisiana Gov. Kathleen Blanco and Insurance Commissioner Jim Donelon asked insurance companies to speed their cooperation with the state’s hurricane...
Insurer, Agent Told to Stop Selling Unauthorized Insurance in La.
Nov 22 2006 // Louisiana Commissioner of Insurance Jim Donelon reported that his office obtained an order from the 19th Judicial District Court in Baton Rouge to stop the alleged sale of unauthorized commercial insurance by United...
California Issues 2007 Insurer Assessment Rates
Nov 22 2006 // The California Department of Industrial Relations (DIR) has issued 2007 assessment rates for User Funding, Anti-Fraud Programs, the Uninsured Employer Benefit Trust Fund and the Subsequent Injury Benefit Trust Fund. State...
Reynolds Named Southeast Manager for Mutual Insurer Trade Group
Nov 21 2006 // The former director of public affairs for Indiana Farm Bureau Insurance, Liz Reynolds, has joined the National Association of Mutual Insurance Companies as state affairs manager for the southeast. Reynolds, will be...
Crash Cost-recovery Fees Could Boost Premiums, Mich. Insurers Say
Nov 21 2006 // Insurers and municipalities in Michigan are squaring off over who should pay for rescue and cleanup crews and heavy equipment used in certain car crashes, and the result could be higher insurance rates for motorists. The...
Insurers Take Issue with Regulators’ Reinsurance Evaluation Proposal
Nov 21 2006 // A national insurer trade group has raised questions recently about a proposal involving the Reinsurance Evaluation office which is under auspices of the National Association of Insurance Commissioners (NAIC). The Property...
Lame duck Romney team pushes ahead with high risk plan change
Nov 20 2006 // Massachusetts Insurance Commissioner Julianne Bowler said she intends to finish what she started three years ago in trying to refashion the state’s high risk auto insurance system, despite urgings by some that she...
Burden of proof to determine insurance coverage in ‘slab’ case
Nov 20 2006 // When asked to determine coverage under an insurance policy, courts frequently recite the principle that the insured has the burden of proving coverage under the policy and the insurer has the burden of proving exclusions...
Oregon defeats Measure 42; insurers can continue to use credit scores
Nov 20 2006 // Oregon voters rejected Measure 42 — which would have banned the use of credit-based insurance scoring — by nearly a two-to-one margin of 65.58 percent to 34.42 percent in November’s election. The...
Calif. associations take issue with broker definition, OAL to weigh in
Nov 20 2006 // The California Office of Administrative Law (OAL) has decided to accept a petition filed by Insurance Brokers and Agents of the West (IBA West) requesting review of the outgoing Insurance Commissioner John...
Washington’s online complaint guide deemed helpful, but incomplete
Nov 20 2006 // Washington Insurance Commissioner Mike Kreidler has launched a new Web-based tool for insurance consumers, called the annual Complaint Comparison Guide. The Washington guide is designed to allow consumers to search online...
DISABILITY INSURER SIGNS “MODEL” PACT OVER COMMISSIONS
Nov 20 2006 // UnumProvident Corp. disability insurance company has ended what New York Attorney General Eliot Spitzer called deceptive practices and secret payments to brokers, according to a $15.5 million settlement announced earlier...
SPECIAL REPORT: Surplus Lines
Nov 20 2006 // The insurance industry’s excess and surplus lines (E&S) sector has experienced a pronounced reversal of position in the last 20 years. Once considered a mere adjunct, a safety valve for risks that were too hard...
MODES OF INSURANCE REGULATION — WHO SUPPORTS WHAT?
Nov 20 2006 // H.R. 5637, the Nonadmitted and Reinsurance Reform Act, would: — Give sole regulatory and enforcement authority to the insured’s home state for the placement of surplus lines/nonadmitted insurance; —...
Commercial lines prices up 7%; carriers reap benefits of higher renewals
Nov 20 2006 // Stock Prices: Commercial lines stock prices were up 7 percent through the first nine months of 2006. In October, insurers reported dramatic changes from 2005 third quarter earnings that were dominated by catastrophe losses...
Lame duck Romney team pushes ahead with high risk plan change
Nov 19 2006 // Opponents of the ARP have urged Bowler to leave the decision of what to do about the high risk system to the incoming Patrick administration. News Currents Massachusetts Insurance Commissioner Julianne Bowler said she...
Burden of proof to determine insurance coverage in ‘slab’ case
Nov 19 2006 // When asked to determine coverage under an insurance policy, courts frequently recite the principle that the insured has the burden of proving coverage under the policy and the insurer has the burden of proving exclusions...
News Currents
Nov 19 2006 // Washington’s online complaint guide deemed helpful, but incomplete Washington Insurance Commissioner Mike Kreidler has launched a new Web-based tool for insurance consumers, called the annual Complaint Comparison...
News Currents
Nov 19 2006 // Calif. associations take issue with broker definition, OAL to weigh in The California Office of Administrative Law (OAL) has decided to accept a petition filed by Insurance Brokers and Agents of the West (IBA West)...
