Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Best’s 2006 European review highlights common industry concerns
Aug 7 2006 // For the insurance industry, global controversies tend to obscure some equally important debates going on in smaller forums around the globe. The principal controversy in the U.S. revolves around state vs. federal...
Miss. Katrina Suits: Key Wind-Water Ruling Expected Soon; Other Plaintiffs Seek Joint Trial
Aug 4 2006 // Lawyers for hundreds of Mississippi homeowners who sued their insurance companies for denying their claims after Hurricane Katrina are fighting to keep the cases joined in a “mass action” rather than split up...
Fla. Candidates Jockey Over How to Fix Insurance Crisis
Aug 4 2006 // In his second television campaign ad, State Sen. Rod Smith says that if elected governor, he will fix the state’s homeowners insurance crisis and rein in rate increases, calling them “unacceptable.” The...
GeoVera Offers Homeowners Coverage to Texas Select Policyholders
Aug 4 2006 // Fairfield, Calif.-based GeoVera Holdings Inc., which entered the Texas homeowners market in April 2006, announced they are actively working with Texas producers to secure replacement coverage for policyholders insured with...
State-run Insurer Could Cover Dropped Allstate Policies in La.
Aug 4 2006 // Louisiana Citizens Property Insurance Corp., Louisiana’s state-run insurance company, could provide wind damage coverage for about 30,000 homeowners along the coast if Allstate Insurance Co. drops that coverage,...
USAA Insurance Seeks Approval for 22 Percent Rate Decrease
Aug 4 2006 // California Insurance Commissioner John Garamendi has issued a statement announcing his intention to review and consider approval of an average 22 percent decrease in homeowners insurance rates for policyholders of United...
TDI Announces June 2006 Enforcement Actions
Aug 3 2006 // The Texas Department of Insurance announced enforcement actions taken by Commissioner Mike Geeslin that became final during June. The actions include eight license revocations, three license denials and fines and...
Pinnacle Entertainment Files Lawsuit Against Three Insurers
Aug 3 2006 // Pinnacle Entertainment Inc. announced that, on August 1, 2006, it filed suit in the U.S. District Court for the District of Nevada against three of its excess insurance carriers. The suit relates to the loss incurred by...
Western Agents Blast Insurers for Settlements Restricting Compensation
Aug 2 2006 // The Western Insurance Agents Association has issued a statement saying the settlement that St. Paul Travelers has just reached with attorneys general from Connecticut, Illinois, and New York is the latest attempt by an...
Pa. Firm Settles Salmonella Cases; Battles Among Insurers Next
Aug 1 2006 // The Pennsylvania-based convenience store chain Sheetz Inc. has settled all but a few customer lawsuits spawned by salmonella-tainted tomatoes sold at its stores two years ago. But complicated legal battles involving...
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...
