Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Agents Exec Praises Fla. Reforms, Suggests Incorporation Into National Legislation
May 19 2006 // Elements of a Florida property insurance reform bill signed into law May 16 by Governor Jeb Bush could be included in national legislation, according to Len Brevik, executive vice president and CEO of the National...
Washington Insurance Commissioner Seeks Legal Redress for Failed Insurer
May 18 2006 // Editor’s Note, March 2009: In response to a complaint that the Insurance Journal reported only one side of the preceding story, and as a means of resolving Anthony Huff’s claims against the Insurance...
Vermont Diocese Sues Insurer to Recover Abuse Settlement Monies
May 18 2006 // Vermont’s Roman Catholic Diocese in Burlington has been searching for insurance documents dating back three decades, in hopes of showing it should recover the $965,000 it recently paid to settle a complaint about...
Missouri Physicians Mutual Ranks as Top Malpractice Insurer for 2005
May 17 2006 // St. Louis-based Missouri Physicians Mutual (MPM) maintained its position as the state’s top malpractice insurer in 2005 while more than doubling its reserves for future claims and increasing its premiums written by...
FCCI Insurance Named Top Regional Carrier by Hylant Group of Indianapolis
May 17 2006 // The Indianapolis/Bloomington offices of Hylant Group have formally honored FCCI Insurance Group with its Regional Carrier of the Year Award for 2005. Tom Nix, chief operating officer of Hylant’s Carmel, Ind. office,...
Complaints Lead to Probe of La. Insurers’ Hurricane Claims Handling
May 17 2006 // Lousiana Commissioner of Insurance Jim Donelon announced the Department of Insurance is set to begin market conduct examinations on two insurers, Allstate and St. Paul/Travelers. Donelon said he ordered the exams in...
Insurance Bills Awaiting Action by Hawaii’s Governor
May 17 2006 // Several insurance-related bills in Hawaii — including measures involving workers compensation, auto insurance claims and privacy — have been approved by the Legislature and are awaiting action by the...
China’s P&C Insurer Licenses AIR’s Quake Cat Models
May 17 2006 // Boston-based AIR Worldwide Corporation announced that China’s PICC Property and Casualty Company Limited has licensed CLASIC/2™ and CATRADER®, AIR’s catastrophe risk management systems, to manage the...
Insurer Group Reminds Homeowners of the Need for Flood Coverage
May 16 2006 // Many Texas homeowners are under the impression that flooding caused by rising water is covered under the standard homeowners insurance policy in Texas and often they discover that fact too late, according to Sandra Ray,...
Alaska Legislature Ends Session; Rejects Self-Insurance Bill
May 11 2006 // Alaska legislators concluded the 2006 regular session this week and in the final hours rejected a bill opposed by insurers that would have encouraged more employers to self-insure for workers’...
Insurers Fight Trial Bar Initiatives in La.
May 11 2006 // The right to have trial by jury in Louisiana will become more difficult if the Louisiana Legislature agrees with a trial bar initiative and passes SB 117, according to the Property Casualty Insurers Association of America...
Tobacco-trial Lawyer ‘Poster Child’ for Katrina Insurance
May 10 2006 // A private jet is waiting for Richard Scruggs, but first the millionaire lawyer wants to squeeze in a quick lunch. Smiles and nods greet him as he walks into Lu-Cher Doe’s Diner, a soul food restaurant down the street...
Insurers Oppose California Auto Repair Dispute Legislation
May 9 2006 // California is scheduled to consider a bill today, May 9, that is designed to resolve auto repair disputes between insurers and policyholders, according to Jeff Fuller, executive vice president and general counsel of the...
Agents Learn U.S. Insurers Withstood Record Catastrophe Losses with Strong Capitalization, Sound Risk Management
May 9 2006 // Strong capitalization, sound risk management and efficient global risk sharing enabled the U.S. property/casualty insurance industry to withstand record-setting catastrophe losses in 2005, but the industry also should keep...
Hawaii Working to Improve Business Climate for Insurers
May 9 2006 // Hawaii is working to improve business conditions for insurers, brokers and agents, according to Jeffrey P. Schmidt, the state’s insurance commissioner. Schmidt recently addressed a crowd at the opening breakfast at...
Insurers paid $43 million in Boston clergy abuse case
May 8 2006 // The Roman Catholic Church in Boston has paid $150.8 million through June 2005 to settle claims of sex abuse by clergy, with $43.3 million of that paid by insurance companies, according to financial information released by...
Case Law Watch
May 8 2006 // Tenant’s PolicyMinges Creek, LLC v. Royal Insurance Company of America (6th Cir. [Mich.] April 6, 2006) Ruling: Mall owner was not entitled to additional insured status on mall tenant’s policy for accident...
Critics allege wind modelers following politics over science
May 8 2006 // Risk Management Solutions has defended its hurricane risk models in the face of consumer groups’ criticisms that the models are more political than they are scientific and that they are designed to justify insurance...
Spokane Roman Catholic Diocese settles claims with more insurers
May 8 2006 // The Roman Catholic Diocese of Spokane recently reached settlements totaling $4.25 million with two of its insurance carriers in a dispute over coverage of sex-abuse claims, according to Bishop William Skylstad. It was the...
Lloyd’s sees 1906 San Francisco earthquake as a turning point
May 8 2006 // One of the most significant natural disasters in U.S. history, the San Francisco earthquake of 1906, rolled to its centennial anniversary April 18, 2006. One hundred years ago in San Francisco, the Earth bounced and the...
