Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
A Year Later, Insurers Report 95% of Katrina Claims in La. and Miss. Settled
Aug 22 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...
Insurers: Trial Bar Short on Facts in Katrina Charges
Aug 22 2006 // Trial attorneys’ charges that the insurance industry is putting profits over people in the handling of claims from Hurricane Katrina are being dismissed by industry trade groups. The Florida Insurance Council (FIC),...
Judge denies California insurers’ lawsuit to stop auto rate regs
Aug 21 2006 // A Sacramento Superior Court judge has rejected the insurance industry’s request for an injunction against auto insurance rate regulation reforms in California, but the legal challenges will not end...
Golf Course Risks and Greek Mythology
Aug 21 2006 // In Greek mythology, Sisyphus was a deceitful king who was condemned to spend eternity pushing a giant boulder up a mountain. As Sisyphus approached the peak of the mountain, the rock would elude him and roll back down to...
Declarations
Aug 21 2006 // Dangerous rum “The burning rum stuck to her skin and continued to burn as she fell to the floor and tried to put herself out.” From a lawsuit filed by a Miami woman who alleges she was severely burned by...
Floridians begin to question insurers’ ‘pup companies’
Aug 21 2006 // A lot of Floridians have had their homeowners insurance company — call it XYZ Florida Insurance — increase their premium because of huge losses. Weeks later, the residents see XYZ Insurance USA, based in...
Insurer’s injured workers’ data stolen; sold on Internet
Aug 21 2006 // Personal information on 72 workers’ compensation claimants was stolen from Wisconsin-based Sentry Insurance and later sold over the Internet, the company said. The data sold included names and Social Security numbers...
Insurer to Refund $1M to Ga. Policyholders
Aug 18 2006 // Georgia Insurance Commissioner John W. Oxendine announced he has ordered a Kansas insurance company to return $1,016,518 in overcharges to 159 Georgia customers. Oxendine said Universal Underwriters Insurance Company will...
La. Governor Meets With Insurers About Hurricane Problems
Aug 18 2006 // Gov. Kathleen Blanco met with representatives of at least a dozen of Louisiana’s largest property insurers on Aug. 17, hoping to ease jitters and keep them in the state after hurricanes Katrina and Rita. Blanco wants...
Chicago Fort Dearborn Life Acquires HM Life Insurance Company
Aug 17 2006 // Chicago-based Fort Dearborn Life Insurance Co., a subsidiary of Health Care Service Corp. (HCSC), a Mutual Legal Reserve Company, has completed the acquisition of the life and disability business of HM Life Insurance...
N.C. Appellate Court Sides with Insurer in Denying Pre-Storm Coverage
Aug 17 2006 // An insurance company legally denied coverage to a business seeking to renew its policy in the days before Hurricane Isabel struck North Carolina, the state’s Court of Appeals ruled Aug. 15. HPB Enterprises, the owner...
Associations Oppose Eliminating Contingent Commissions
Aug 16 2006 // The Alliance of Insurance Agents and Brokers has joined the Independent Insurance Agents and Brokers of America (IIAB) and Western Insurance Agents Association (WIAA) in criticizing regulators and public officials who seek...
Mass. Largest Auto Insurer Dropped from High Risk Board
Aug 16 2006 // Massachusett’s largest, locally-based auto insurer, which has frequently locked horns with the Romney administration, has been dropped from the board that oversees how high-risk drivers are apportioned among...
Arizona Puts the Heat on Insurers for Wildfire Protection
Aug 15 2006 // As wildfire season stretches across the Western states from June through September, Christina Urias, director of the Arizona Department of Insurance, has lit a fire under agents and insurers to work with their clients to...
99% of La. Insurers Extending Claims Period; Assistance Program Started
Aug 15 2006 // Reporting that more than 99 percent of homeowners insurers are voluntarily complying with his order to extend the prescriptive period for policyholders to file a lawsuit as result of a hurricane-related insurance claim,...
N.Y. Looks to Speed Comp Benefits to Ill 9/11 Rescue Workers
Aug 15 2006 // New York State has adopted a trio of laws designed to speed workers’ compensation benefits for workers and their families with claims related to 9/11 rescue efforts. The first new law enables many workers who became...
Judge Rules in Favor of Insurer in Miss. Wind vs. Water Case
Aug 15 2006 // In a highly anticipated ruling in one of the first wind vs. water insurance claims arising out of Hurricane Katrina, a Mississippi judge has upheld the exclusion for damage caused by water and water-borne materials in an...
Insurers in Louisiana Agree to Extend Hurricane Lawsuit Deadline
Aug 14 2006 // Commissioner of Insurance Jim Donelon says nearly all of Louisiana’s homeowners insurance companies, including State Farm and Allstate, have complied with his order to extend the prescriptive period for policyholders...
Mass. Auto Insurers Seek 3.7% Rate Cut for 2007
Aug 11 2006 // For the second year in a row, Massachusetts auto insurers have filed for rate reduction. For 2007, the industry’s rating bureau is recommending rates be cut an average 3.7 percent. If approved, that would mean about...
Insurers: Mich. Supreme Court’s Decision Will Reduce Asbestos Litigation Abuse
Aug 11 2006 // The Michigan Supreme Court’s decision to preclude trial courts from bundling asbestos cases for trial or settlement is an excellent first step toward restoring balanced justice in asbestos cases in the state,...
