Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
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...
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...
