Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Submitting, underwriting and placing lawyers professional liability
Nov 5 2006 // Lawyers’ professional liability is a bit different from other professional liability risks, and there appears to be interest in providing coverage for the risk. Back in the 1970s, lawyers professional liability used...
Katrina trial could be moved from Gulf Coast to Oxford
Nov 5 2006 // State Farm Fire & Casualty Co. has filed a motion in federal court in Gulfport, claiming it will get a fairer trial somewhere other than the Mississippi Gulf Coast. Fifty-two policyholders, along with current and...
Honesty is the best insurance policy
Nov 5 2006 // I have introduced legislation in the U.S. Senate to make future insurance policies easier for consumers to understand. The “Honesty is the Best Insurance Policy Act” calls for requiring insurance companies to...
Submitting, underwriting and placing lawyers professional liability
Nov 5 2006 // Lawyers professional liability, sometimes called legal malpractice, belongs with the selected “traditional” professional liability lines, such as physicians, accountants and architects/engineers. While...
Submitting, underwriting and placing lawyers professional liability
Nov 5 2006 // Lawyers professional liability, sometimes called legal malpractice, belongs with the selected “traditional” professional liability lines, such as physicians, accountants and architects/ engineers. Lawyers, in...
News Currents
Nov 5 2006 // Even though the storm disproportionately affected poor blacks, many residents of predominantly black neighborhoods said they were not aware they could seek state help, or else were skeptical about the help...
Honesty is the best insurance policy
Nov 5 2006 // I have introduced legislation in the U.S. Senate to make future insurance policies easier for consumers to understand. The “Honesty is the Best Insurance Policy Act” calls for requiring insurance companies to...
Hawaii commissioner warns insurers of discriminatory practices
Nov 5 2006 // The Hawaii Insurance Division has issued a memo to all motor vehicle insurance insurers authorized in the state that discriminatory practices are prohibited, including those that award discounts. According to Commissioner...
Survey: Commercial market softens, insurer appetite increases
Nov 5 2006 // The commercial property/casualty market continued to soften during the third quarter, with indications that some insurers are finding an appetite for business in which they previously were not interested, according to the...
Submitting, underwriting and placing lawyers professional liability
Nov 5 2006 // Lawyers professional liability, sometimes called legal malpractice, belongs with the selected “traditional” professional liability lines, such as physicians, accountants and architects/ engineers. Lawyers, in...
Homeowners want insurance carriers to offer identity theft coverage
Nov 5 2006 // More than 40 percent of consumers would like their homeowners insurance carrier to offer coverage for identity theft, according to a study released by J.D. Power and Associates. The “2006 Homeowners Insurance...
Federal appeals court upholds juries’ rulings in World Trade Center twin tower claims
Nov 5 2006 // A federal court has upheld the jury verdicts that recognized the two-plane terrorist attacks on the towers at the World Trade Center on Sept. 11, 2001, as a single event for some insurers and two events for others. A...
Golden State Division of Workers’ Compensation proposes penalties against laggard insurers
Nov 5 2006 // California’s Division of Workers’ Compensation has issued a revised proposal of regulations that would penalize insurers and self-insurers that show a pattern of denying or delaying workers’ compensation...
Insurance credit scoring plagued with fundamental problems
Nov 5 2006 // A fundamental problem exists with insurance scoring. The problem is that insurance scores and credit scores reflect correlation, but correlation does not necessarily indicate dependency upon which effective decisions can...
Ease of doing business can make the strategic ‘profit’ differential
Nov 5 2006 // Let’s start with three basic ideas about property/casualty insurance distributed through independent agents and brokers — a sector with more than $200 billion in written premium annually. 1) P/C insurance...
UNDER CONSTRUCTION
Nov 5 2006 // Douglas G. Hotchkiss, owner of the Dallas, Texas-based Hotchkiss Insurance Agency, hadn’t thought much about building “green” or environmentally-friendly structures. But he now says, “it’s a...
U.S. legal precedents assume larger role in corporate oversight
Nov 5 2006 // Maybe it’s part of the globalization process; maybe it’s due to the increasing sophistication of private investors and fund managers, or maybe it’s the legal profession prospecting for additional income...
Calif. Commissioner Reaches Settlement with UnumProvident
Nov 3 2006 // California Insurance Commissioner John Garamendi has reached a settlement with UnumProvident Corp., Provident Life and Accident Insurance Company, and Unum Life Insurance Company of America to ensure that all compensation...
Disability Insurer Signs ‘Model’ Pact With Spitzer Over Commissions
Nov 3 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 this...
Rapper Sues Insurer for Failing to Cover Students’ Deaths
Oct 31 2006 // Rapper Heavy D has filed a $1.5 million (euro1.2 million) lawsuit against an insurance company he says refused to pay damages to people who sued him after nine students were crushed to death in a stampede at a celebrity...
