Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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...
Case Law Watch
Jan 8 2007 // Cancellation and Nonrenewal John Gibson Auto Sales Inc. v. Direct Insurance Company (Ark. App., Div. III and IV, Dec. 20, 2006) Arkansas statute deemed inapplicable. Insured brought suit against insurer for denial of auto...
Miss. AG’s Katrina case moved to state courts
Jan 8 2007 // A federal judge agreed in late December to transfer Missis-sippi Attorney General Jim Hood’s lawsuit against insurance companies over Hurricane Katrina damages from federal to state court. U.S. District Judge L.T....
Credit scoring an issue in 2007
Jan 8 2007 // Even though 2006 is safely behind us, some sticky issues are on the horizon as we edge our way into 2007. Case in point is the pending Supreme Court cases of Safeco v. Burr and GEICO v. Edo. The cases are about...
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...
Insurers seek Indiana Supreme Court review of family’s damage award
Jan 8 2007 // Insurance industry trade groups are asking the Indiana Supreme Court to review an appeals court decision that awarded damages for emotional distress to the family of an injured man, saying it could set a costly...
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...
