Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Abacus Names Ace American Carrier for Online Foreign Production Coverage
Aug 1 2006 // Abacus Insurance Brokers Inc., a Los Angeles-based retail and wholesale insurance brokerage that distributes traditional and specialty insurance products online through the Abacus Program Management Platform, has named ACE...
Wis. Insurer Says Customer Data Stolen, Some of it Sold on Internet
Jul 31 2006 // Personal information on 72 worker’s 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...
Fla. Gov. Bush Eyes State Pool for Commercial Lines
Jul 30 2006 // Florida Gov. Jeb Bush is considering a state-run reinsurance pool or joint underwriting pool to help businesses that can’t get policies from private insurers, saying that if companies can’t get coverage, it...
Ethics Panel Hits Fla.’s Gallagher Over Insurer Stock Holdings
Jul 30 2006 // The ethics commission determined last Friday that Republican gubernatorial candidate Tom Gallagher may have violated ethics laws because he owned stock in two insurance companies while regulating the industry. The...
Ind. Judge Okays Settlement to Church Group, Insurer
Jul 26 2006 // A group helping rebuild the Church of God’s financial arm is to pay at least $4 million to investors who lost many millions more when their money was put in risky real estate deals rather than toward building...
Delaware Inaction on Workers’ Comp Disappoints Insurers
Jul 25 2006 // The Delaware General Assembly concluded its 143rd legislative session late on June 30, 2006 without addressing comprehensive reform of the workers’ compensation system. But the Assembly did maintain an exemption for...
NJ PURE Medical Malpractice Insurer Receives Favorable Financial Rating From S.A.S.
Jul 25 2006 // Standard Analytical Service (SAS) Rating for NJPURE Is Higher Than For The 15 Largest Companies Princeton NJ – New Jersey Physicians United Reciprocal Exchange (NJ PURE), a leading NJ medical malpractice insurer,...
Riding out soft and hard market cycles with quality relationships
Jul 24 2006 // Analyzing the economic rhymes and reasons of soft and hard market cycles in the insurance industry would make for a challenging university-level business course. Theories abound on why and when these cycles occur, but no...
Miscellaneous Health Care Facilities: Risk mixing and matching
Jul 24 2006 // Someone once said “change is inevitable,” and in the health care arena that truism rings a bell. It wasn’t so long ago that the only place a person would go for immediate treatment was the emergency room...
Take the pollution out of the D&O policy
Jul 24 2006 // Is your directors and officers policy polluted? Shareholders and environmental groups are taking a closer look at the environmental disclosures made by public companies. The U.S. General Accounting Office issued a report...
Editor’s Note: Exemption protection
Jul 24 2006 // The U.S. Senate Judiciary Committee last month received testimony on whether to continue the insurance antitrust exemption contained in the 1945 McCarran-Ferguson Act. This law placed responsibility for insurance...
Exemption protection
Jul 24 2006 // The U.S. Senate Judiciary Committee last month received testimony on whether to continue the insurance antitrust exemption contained in the 1945 McCarran-Ferguson Act. The law placed responsibility for insurance regulation...
Donelon orders insurers to extend hurricane claims period in Louisiana
Jul 24 2006 // Just over a month after asking insurers in his state to voluntarily do so, Louisiana Commis-sioner of Insurance Jim Donleon issued Directive 199 mandating that all companies insuring property in Louisiana extend the period...
California agency approves change in auto insurance law
Jul 24 2006 // A state administrative office approved changes to California’s insurance law, clearing the way for regulations that will force insurers to base premiums on drivers’ records instead of their address. The action...
Spokane diocese settles claims with two insurers
Jul 24 2006 // The Roman Catholic Diocese of Spokane has reached agreements with two more insurance carriers on payments to cover sexual abuse claims as the diocese’s bankruptcy case heads into mediation. In a statement, Bishop...
Case Law Watch
Jul 24 2006 // Actions and Proceedings Continental Insurance Co. v. The Pamona Redevelopment Agency (California Court of Appeals, May 15, 2006, Unpublished) Ruling: On this appeal, the excess insurer, Continental, sought to intervene in...
Csiszar tells agents major shift essential to entice carriers to Florida
Jul 24 2006 // Insurers look at Florida’s government as a heavy-handed, intrusive, oppressive regulatory regime that does more harm than good to property insurance markets. According to Ernie Csiszar, president and CEO of the...
Utah board recommends traffic tickets not be reported to insurers
Jul 24 2006 // The Holladay Citizens Advisory Board in Utah has recommended some traffic tickets not be reported to insurance companies so the offenders’ premium rates don’t increase. The proposal is opposed by the...
U.S. property/casualty industry posts record 1Q profits
Jul 24 2006 // The U.S. property/casualty industry’s net gain on underwriting rose $1.4 billion, or 20.8 percent, to $8.4 billion in first-quarter 2006 from $6.9 billion in first-quarter 2005. The combined ratio–a key measure...
Sen. Smith unveils ‘comprehensive plan’ to fix Florida’s insurance woes
Jul 24 2006 // Unless the state adopts a comprehensive and workable plan, accumulating financial stress could destroy the viability of the Florida insurance market and leave millions of Floridians without affordable and reliable...
