Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Treasury Report on Terrorism Insurance Says Backstop Negatively Affects Private Capacity
Oct 3 2006 // A new federal report has found that the long-term development of the private terrorism insurance market remains at best uncertain due to the unpredictable nature of terrorist attacks. The President’s Working Group on...
State Farm Wants Katrina Trial Moved, Claiming Jury Pool Bias in Miss.
Oct 3 2006 // The jury pool in south Mississippi has been tainted by “media propaganda” about the insurance industry’s handling of claims after Hurricane Katrina, a major insurer argued in a bid to move the trials for...
Praetorian Completes Acquisition of Specialty Insurer Alea
Oct 2 2006 // Praetorian Financial Group, Inc., itself a specialty insurer, said it has completed the acquisition of Alea North America Specialty Insurance Company (ANASIC), which following regulatory approval will be renamed Praetorian...
P/C Insurers’ Profitability Drops in First-Half of 2006
Oct 2 2006 // The U.S. property/casualty insurance industry’s net income after taxes fell 9.3 percent to $28.3 billion in first-half 2006 from $31.2 billion in first-half 2005 as investment results deteriorated. Reflecting the...
R&M Report Finds Almost Half of Insurers Use Outsourcing
Sep 27 2006 // Dublin-based consultants Research and Markets have announced the addition of “BPO and Sourcing Trends in Insurance (Customer Focus)” to their offering. The study concludes that the use of outsourcing continues...
Industry to Congress: Permanent Solution to Terrorism Insurance Vital
Sep 27 2006 // Insurers, agents and business groups called on Congress to create a permanent solution safeguarding the economy against future terrorist attacks at congressional hearing today, “Protecting Americans from Catastrophic...
Insurer Opposes Award to R.I. Man for Malfunctioning Penile Implant
Sep 26 2006 // A former handyman from North Providence, Rhode Island, who won more than $400,000 in a lawsuit over a malfunctioning penile implant may not get the money after a judge dismissed his claim. Superior Court Judge Edward C....
Insurers Reject Notion of TRIA Renewal for Nuclear-Biological Terrorism Risk Only
Sep 26 2006 // A new federal government report concludes that a totally private market solution to insuring against certain terrorist attacks is unlikely in the near future. The report covers the risk of nuclear, biological, chemical or...
The Commissioners
Sep 25 2006 // Hawaii:Perfectly poised for insurers in the Pacific Rim Although it is undeniably one of the 50 United States, Hawaii’s location at the edge of the Pacific Rim yields creative business opportunities throughout the...
Construction Industry and the Latino Workforce
Sep 25 2006 // In the next 10 years, the construction business will need to fill more than 180,000 jobs. As the rush to fill these positions advances, workers’ compensation professionals will be challenged along with the...
P/C insurers’ performance exceeding Fitch estimates for 2006
Sep 25 2006 // The U.S. property/casualty insurance industry showed continued favorable and improved operating performance in the first half of 2006 and, based on results and barring any unusual events going forward, the industry is...
Iowa’s open dialogue and stable environment a ‘draw’ for insurers
Sep 25 2006 // Iowa is perceived by other states as a model in terms of the number of companies domiciled in the state and those wanting to do business there, as well as having a very stable legislative and regulatory environment. But...
Insurer to drop Texas medical liability rates again
Sep 25 2006 // Texas Medical Liability Trust (TMLT) recently declared a 20 percent dividend amounting to approximately $35 million for 2006 effective Jan. 1, 2007, for renewing TMLT policyholders. In addition, it plans to reduce rates...
When insuring international trade, expect the world
Sep 25 2006 // Think how few things any of us wears, uses or drives that are wholly made in the USA, and that provides a sense of the magnitude of international trade. International trade also is no longer the domain of global giants...
Survey: young agents value rates, technology, products from insurers
Sep 25 2006 // The five most important things carriers can offer independent insurance agencies are: competitive rates; technology that helps them more easily write business and service customers; a variety of markets and products;...
The negligent premises liability inspection: Potential liability for the insurer?
Sep 25 2006 // People are always on the search for the “deep pocket” and insurers are very often the target of such searches. A common fixture of the underwriting process for many insurers is the inspection of an...
Insurer to drop Texas medical liability rates again
Sep 25 2006 // Texas Medical Liability Trust (TMLT) recently declared a 20 percent dividend amounting to approximately $35 million for 2006 effective Jan. 1, 2007, for renewing TMLT policyholders. In addition, it plans to reduce rates...
Creating more capacity on the Texas coastline
Sep 25 2006 // Writing property insurance in Texas can be a difficult proposition, especially in a time when the frequency and severity of catastrophic coastal storms is increasing. To address this problem, the Texas Joint Committee on...
Aon freed to accept contingent pay when serving as managing general agents
Sep 25 2006 // Aon Corporation said it has obtained agreement from five agencies in three states to amend its settlement agreements so that it can accept contingent compensation from an insurer for which Aon is acting as a general agent...
J.P. Schmidt, Hawaii, Insurance Commissioner
Sep 25 2006 // Although it is undeniably one of the 50 United States, Hawaii’s location at the edge of the Pacific Rim yields creative business opportunities throughout the world. The state’s captive insurer law already has...
