Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Court Affirms Limit on Replacement Cost for World Trade Center
Oct 31 2006 // The replacement cost insurance policies on the World Trade Center entitle the insureds to monies sufficient to rebuild the buildings as they were prior to being destroyed in the terrorist attack of September 11, 2001, but...
State Farm Pushes to Move Katrina Trial Away from Miss. Coast
Oct 30 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...
J.D. Power: Homeowners Want Carriers to Offer Identity Theft
Oct 30 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 Study reported...
Moran Named Insuror of the Year by Insurors of Tennessee
Oct 27 2006 // Louis S. Moran, III, of Inter-Agency Insurance in Knoxville, was named Insuror of the Year at the Insurors of Tennessee 113th Annual Convention in Nashville. The Insuror of the Year is the highest honor the association...
Lawmakers: AP’s New Orleans Insurance Analysis Points to Need for Legislation and Outreach
Oct 27 2006 // An Associated Press analysis showing white homeowners in New Orleans were three times as likely as minorities to appeal insurance settlements after Hurricane Katrina points to a deep racial imbalance and the need for...
American National Declares Quarterly Dividend
Oct 27 2006 // Galveston,Texas-based American National Insurance Company has declared a quarterly dividend of 76 cents per share on its common stock, CUSIP #028591-105, payable Dec. 15, 2006, to shareholders of record as of the close of...
Whites Pursued Katrina Insurance Complaints More than Blacks in La.
Oct 25 2006 // The Littles and the Kitchens watched helplessly as Hurricane Katrina battered their New Orleans homes. Both families waited patiently for an insurance adjuster to settle their losses. And both were sorely disappointed with...
Conn. Woman Sentenced for Embezzling $1 Million from Insurer
Oct 24 2006 // An Avon, Conn. woman has been sentenced to four years and nine months in prison for embezzling about $1 million from her employer. Jessica Feurer, 36, worked as an insurance claims handler for ESIS Inc. in Windsor, an...
Insurer Sues Vermont Arson Suspect for Fire Truck Damage
Oct 24 2006 // A Vermont man already facing arson charges in two apartment house fires now is being sued by the city of Rutland’s insurance company, which says the blazes damaged a fire truck. Robert Vandriel has pleaded innocent...
Making Hartford shine again as insurance capital
Oct 23 2006 // While other states from Minnesota to New Hampshire compete to attract the insurance sector by lowering premium taxes and extending incentives, Connecticut thinks it has the best offer: an unmatched talent pool of insurance...
Mich. appeals court hears oral arguments on use of credit scores
Oct 23 2006 // A hearing with oral arguments on the legality of the use of credit scoring in setting insurance rates took place in Lansing, Mich., this month at the Hall of Justice. The appeals hearing follows the ruling by Judge James...
Alabama coastal property owners face more insurer restrictions
Oct 23 2006 // Two of the Alabama’s largest insurance firms said they’re reducing coverage and increasing deductibles in Mobile and Baldwin counties, citing frequent hurricanes, coastal construction growth, lack of strong...
News Currents
Oct 23 2006 // Fla. gubernatorial candidates offer property insurance proposals If he is elected governor, Democratic gubernatorial candidate Jim Davis says Florida homeowners would see lower property insurance rates as soon as next year...
By U.S. Sen. Trent Lott
Oct 23 2006 // Why government should require insurance policies to declare what is NOT covered I have introduced legislation in the U.S. Senate to make future insurance policies easier for consumers to understand. The “Honesty is...
Honesty is the best insurance policy
Oct 23 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...
Former insurance company execs get 6 years
Oct 23 2006 // A federal judge sentenced two men to six years in prison for their roles in the failure of a Tulsa, Okla., insurance company, which had repercussions in both Texas and Oklahoma. Besides prison terms for convictions on...
Premium rating errors cost auto insurers more than $16 billion
Oct 23 2006 // In 2005, the private passenger auto insurance industry lost $16.2 billion because of premium rating error, according to San Francisco-based Quality Planning Corp.’s annual Premium Rating Error report. Data showed...
P/C market takes hold of rapidly developing identity theft solutions
Oct 23 2006 // Identity-related fraud is a virulent crime, with 3.5 times the aggregate losses of all property crimes, such as burglary, larceny and vehicle theft, reported last year. In today’s technology- information-driven...
Editor’s Note: Thin ice
Oct 23 2006 // Identity theft costs American businesses and consumers a reported $50 billion, and victimizes an estimated 10 million people in the United States each year, according to the Federal Bureau of Investigation. While those...
Check technology helps insurance companies save time and money
Oct 23 2006 // Brokerage agencies and insurance companies across the country are changing the way they move money — taking advantage of a piece of legislation that allows them to process policyholder checks more quickly and...
