Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurer Group to La. Lawmakers: Avoid Hasty Decision-Making
Dec 4 2006 // Louisiana’s special legislative session begins Dec. 8 and insurers are urging lawmakers to exercise caution in when it comes to making decisions regarding solutions to insurance issues or how to spend the...
Little Rate Relief Found First Year After N.J. Auto Reforms
Dec 4 2006 // A year after New Jersey enacted auto insurance regulation changes meant to reduce rates, state residents were still paying through the nose, according to the latest survey compiled by the National Association of Insurance...
Pa. High Court Revives Suits on Non-Profit Insurers’ Surplus
Dec 4 2006 // Pennsylvania’s highest court has breathed new life into lawsuits that ask the state’s four nonprofit Blue Cross and Blue Shield insurers to use some of their cash surpluses to lower health-insurance...
Atlanta Insurer Buys High Risk Insurer Omni from The Hartford
Dec 3 2006 // Independent Insurance Investments Inc. announced it has completed its acquisition of Omni Insurance Group. Omni, an Atlanta-based auto insurance company for high-risk drivers, generated net written premiums of $174 million...
N.Y. City Comptroller Hits Auto Insurers’ Profits; Insurers Hit Back
Nov 30 2006 // Auto insurance companies are profiting at unprecedented levels from New York drivers who are spending more on insurance premiums while the industry pays out less in claims, New York City Comptroller William C. Thompson,...
Businesses Must Address Environmental Exposures, Says Insurer
Nov 30 2006 // ACE European Group (ACE) is warning that UK businesses are exposing themselves to unnecessary environmental liability risks, simply because they continue to view specialist insurance products as too expensive and overly...
Spitzer Notifies Insurers Contingent Commissions No Longer an Option
Nov 30 2006 // New York Attorney General Eliot Spitzer has notified four leading insurance companies that, under agreements reached with his office earlier this year, they may no longer pay “contingent commissions” to agents...
Insurer Group Urges Supreme Court to Overturn Ruling on Credit Scoring
Nov 29 2006 // A national insurance trade group has filed an amicus brief urging the U.S. Supreme Court to overturn the cases of Safeco Insurance v. Burr and Geico General Insurance v. Edo, which said insurers acted in willful disregard...
PIA Offers ‘Main Street’ Agent Ad Campaign Free to Members, Insurers
Nov 29 2006 // Members of the National Association of Professional Insurance Agents and the insurance companies they represent can now participate in a new branding program, Local Agents Serving Main Street America,which has been...
Mass. AG’s Big Dig Suit Targets Include 3 Surety Insurers
Nov 29 2006 // Massachusetts Attorney General Thomas F. Reilly planned to file his civil lawsuit yesterday against 15 companies including three insurers that provided surety bonds for the general contractor of the Big Dig Interstate 90...
German Insurer Allianz Foresees Future Job Cuts
Nov 28 2006 // German insurer Allianz SE said it had reached a new labor deal that avoids any near-term compulsory layoffs but still foresees some 5,700 jobs cut by the end of 2008. Under the agreement with the ver.di union, Allianz...
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...
