Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Calif. Agency Approves Change in Auto Insurance Law
Jul 17 2006 // A state administrative office on Friday 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...
Insurance Rates Skyrocket on Alabama Gulf Coast
Jul 17 2006 // Property owners are stunned by insurance rates that have tripled for some properties on the Alabama Gulf Coast after back-to-back years of hurricane damage. Owners of the 35-unit Romar Tower at Orange Beach, Ala. saw their...
Acquisition Broadens Ebix’s Insurance Market Presence
Jul 14 2006 // Ebix Inc., an Atlanta based software developer and supplier of e-commerce software has announced that effective May 1, 2006, it completed the acquisition of substantially all the operating assets of Reston, Va. and...
S.D. Amendment Allowing Judges to be Sued Opposed by Insurer Trades
Jul 14 2006 // The American Insurance Association (AIA) and the National Association of Mutual Insurance Companies (NAMIC) said today that South Dakota Attorney General Larry Long’s official explanation of a proposed constitutional...
Indiana Insurer Offers Midwest Tornado Disaster Preparation Guide
Jul 13 2006 // Indiana Insurance, a member of the Liberty Mutual Group, has released a six-page Disaster Planning Guide available to its 92,000 homeowner insurance customers throughout the Midwest. The Guide, which provides tips on...
Western Agents Oppose California’s Mileage Verification Proposal
Jul 13 2006 // The Western Insurance Agents Association has issued a statement, opposing the California Department of Insurance’s revised proposed auto mileage verification regulation. The statement reads: “The proposed...
Cincinnati Insurer Settles Lawsuit Alleging Minorities Overcharged
Jul 12 2006 // The Ohio Insurance Department this week said that about 25,000 minorities in North Carolina could be eligible for benefits as a result of a settlement with Western and Southern Life Insurance Co. An investigation led by...
Auto Club of SoCal Reduced Rates to Take Effect in December
Jul 12 2006 // California’s fourth-largest provider of auto insurance has agreed to base its rates on safety and driving frequency rather than primarily on where a driver lives. The plan, to take effect Dec. 1, would cut some $133...
Miss. Trial Could Help Decide Claims from Hurricane Katrina
Jul 12 2006 // Hurricane Katrina left thousands of Gulf Coast homeowners battling their insurance companies. A Mississippi police officer and his wife are the first to take their fight to court. A federal judge on Monday began hearing a...
Attorneys Arrive in Miss. for Opening of First Katrina Insurance Lawsuit
Jul 11 2006 // Attorneys carried files and exhibits into a Mississippi federal courthouse Monday for what they expect to be a groundbreaking trial on whether insurance policyholders who lost homes in Hurricane Katrina are entitled to...
Sen. Smith Unveils ‘Comprehensive Plan’ to Fix Florida’s Insurance Woes
Jul 11 2006 // Without a real, comprehensive and workable plan, accumulating financial stress could destroy the viability of the Florida’s insurance market and leave millions of Floridians without affordable and reliable insurance...
La. Insurers not Voluntarily Extending Policy Deadlines
Jul 11 2006 // A month after Louisiana Insurance Commissioner James Donelon called on insurers to voluntarily extend the one-year deadline for customers to file suits for unsettled claims related to Hurricanes Katrina and Rita, not a...
Staranczak Joins Insurers Group as Chief Economist
Jul 11 2006 // The Property Casualty Insurers Association of America (PCI) has appointed Genio Staranczak as the organization’s chief economist. Dr. Staranczak will be responsible for economic analysis on the full range of public...
Insurer Group Supports State Regulation at Senate Hearing
Jul 11 2006 // The National Association of Mutual Insurance Companies (NAMIC) is convinced that insurance regulatory reform at the state level is the best and safest course for consumers and insurers alike, said a Namic witness in...
La. Commissioner Orders Insurers to Extend Hurricane Prescription Period
Jul 11 2006 // Just over a month after he asked insurance companies in his state to voluntarily do so, Louisiana Commissioner of Insurance Jim Donleon issued Directive 199 mandating that all companies insuring property in Louisiana...
Tenet gets $340M From Insurers for Hurricane Damage
Jul 10 2006 // Dallas-based Tenet Healthcare Corp. said insurance companies paid it $340 million to cover claims from Hurricane Katrina, which damaged five of its hospitals in the New Orleans area and one in Biloxi, Miss. Tenet said it...
Little Help from La. Lawmakers for Skyrocketing Insurance Costs
Jul 10 2006 // Louisiana homeowners hoping for relief from insurance bills that were boosted by the hurricanes received little help from lawmakers. Legislators lamented, complained and worried about rising insurance costs that could...
Spokane Diocese Settles Sexual Abuse Claims with Two Insurers
Jul 10 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 issued late...
Reinsurance Poses Dilemma for Mass. Fair Plan and Regulator
Jul 9 2006 // Last summer when the Massachusetts Fair Plan, the state’s involuntary homeowners insurance market, looked into purchasing reinsurance, the premium was about $17.5 million. The plan did not purchase the reinsurance...
N.Y. Agents Decry Failure to Make Back-Up Property Insurer Permanent
Jul 7 2006 // The New York State Legislature once again missed an opportunity to help calm a growing homeowners insurance crisis in the downstate region, according to the state’s insurance agents. With insurance companies such as...
