Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Avreco Announces Ill. Malpractice Carrier Reduces Rates by 25 Percent
Sep 6 2006 // Ill.-based wholesaler Avreco has announced that one of its carriers has significantly reduced its medical malpractice rates for standard doctors, as well hard-to-place doctors within Illinois and outside of Cook County, by...
Fitch: P/C Insurers’ Performance Exceeding Estimates for ’06
Sep 6 2006 // The U.S. property/casualty insurance industry showed continued favorable and improved operating performance in the first half of 2006 and, based on first-half results and barring any unusual events going forward, the...
Insurance Watchdog Petitions California Commissioner to Bar ‘Outlaw’ Insurer
Sep 6 2006 // Ray Bourhis, the San Francisco lawyer who won multi-million dollar verdicts and settlements against UnumProvident is at it once again. Bourhis, who assisted in Eliot Spitzer’s investigation resulting in Unum being...
Texas Regulators Announce July 2006 Enforcement Actions
Sep 5 2006 // The Texas Department of Insurance recently announced enforcement actions taken by Commissioner Mike Geeslin that became final during July. The actions include 24 license revocations, one license denial and fines and...
What’s Next in Terrorism Insurance Market…and Politics?
Sep 5 2006 // Terrorism insurance has become increasingly common and affordable five years after Sept. 11. But that market has only emerged with the federal government’s pledge to serve as an insurer of last resort — assistance...
Insurer’s Policies for Churchgoers Attract Christians
Sep 5 2006 // Diana Drees was taking her children to a home-school group at the family’s church when she swerved on an icy road and crashed her Nissan Altima into a fence. Because she was on her way to a church function —...
Pa. High Court Dismisses Insurer Appeal of $3.07M Award
Sep 5 2006 // The Pennsylvania Supreme Court has dismissed an appeal by Erie Insurance Exchange of a judge’s order to pay $3.07 million to a customer who alleged that her claim was mishandled. In a January 2002 case, Luzerne...
The Mass. liquor JUA serves up misleading market information
Sep 4 2006 // As a managing general agent for liquor liability insurance for over 20 years, I took great interest in a recent article in Insurance Journal titled, “Raising the bar on liquor liability training.” (See...
A year later, insurers report 95% of Katrina claims settled in La. and Miss.
Sep 4 2006 // One year after Hurricane Katrina, the insurance industry says that nearly 95 percent of homeowners insurance claims have been settled in Louisiana and Mississippi, insurance companies have paid billions in storm damage...
What the West Coast can learn from the Gulf Coast
Sep 4 2006 // One year after Hurricane Katrina, the insurance industry says that nearly 95 percent of homeowners insurance claims have been settled. Insurance companies have paid billions in storm damage claims, and the vast majority of...
One year later, insurers report 95 percent of Katrina claims in La. and Miss. settled
Sep 4 2006 // One year after Hurricane Katrina, the insurance in-dustry says that nearly 95 percent of homeowners insurance claims have been settled in Louisiana and Mississippi, insurance companies have paid billions in storm damage...
Developing a program from a book of specialized risks
Sep 4 2006 // Do you currently write a book of specialized industry accounts, or have you been trying to get a carrier to give you binding authority? Did you previously have a program, or do you have an idea for a new program/product,...
One year later, insurers report 95 percent of Katrina claims in La. and Miss. settled
Sep 4 2006 // One year after Hurricane Katrina, the insurance in-dustry says that nearly 95 percent of homeowners insurance claims have been settled in Louisiana and Mississippi, insurance companies have paid billions in storm damage...
Developing a program from a book of specialized risks
Sep 4 2006 // Do you currently write a book of specialized industry accounts, or have you been trying to get a carrier to give you binding authority? Did you previously have a program, or do you have an idea for a new program/product,...
Glenn
Sep 4 2006 // Former Executive Director A ‘spirited’ Kentucky wants make up ground in the race for captives Glenn Jennings replaced Martin J. Koetters as Executive Director of the Kentucky Office of Insurance in April 2005....
Case Law Watch
Sep 4 2006 // Actions and Proceedings Brannon v. Continental Casualty Co. (Alaska court, June 9, 2006, Unpublished) Ruling: The trial court had dismissed the injured party’s action against the insurer based on statute of...
Size up subsidence and earth movement exclusions
Sep 4 2006 // More than a decade ago, law firms specializing in construct defect litigation sprang up in California and the West. Construction defect cases in the building industry became all too common, and construction insurance...
Navigating Washington’s business and occupation tax tangle
Sep 4 2006 // Washington State’s current business and occupation (B&O) tax laws operate under a unique structure that can confuse even the most astute insurance agent or company. Harbored within this structure is the question...
News Currents
Sep 4 2006 // Associations oppose eliminating contingent commissions The attorneys general of New York, Connecticut and Illinois are continuing their fight against anti-competitive practices in the insurance industry. In doing so, they...
Cultivating a management mentality
Sep 4 2006 // A common misconception among agency owners who began their careers in sales is the belief that agency management and sales management are the same. The art and science of agency management require a unique set of...