Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Proposed Calif. regulations would stress driving record over zip code in pricing auto insurance
May 8 2006 // California Insurance Commissioner John Garamendi has unveiled enhancements to his proposed regulations that he said follow through on the promise voters sought when they approved Proposition 103 in 1988 –TITLE:...
INSURERS TO PAY $1.38 BILLION FOR Q1 LOSSES
May 8 2006 // U.S. property/casualty insurers are expected to pay an estimated $1.38 billion to homeowners and businesses in insured property losses from seven catastrophe events in first-quarter 2006, according to preliminary analysis...
Checking-in on hospitality coverage
May 8 2006 // As an agent or broker serving the hospitality market, you’ve enjoyed many coverage options at lower premiums in the last few years. In fact, you’re probably still delivering good news to your clients about...
Sound risk management, investment plus for insurers
May 8 2006 // U.S. property/casualty insurers managed to increase earnings and add to their capital base in 2005 despite record catastrophe losses, according to Insurance Services Office (ISO) and the Property Casualty Insurers...
Commercial lines insurers’ capital, M&A activity silent in first quarter
May 8 2006 // Stock Prices: Shares of commercial lines insurers were down 2 percent in the first quarter of 2006, with the exception of Ohio Casualty Corporation, whose stock traded up 12 percent. In February, Ohio Casualty announced...
Insurers paid $43 million in Boston clergy abuse case
May 8 2006 // Recovery from insurance carriers was complicated by the fact that one of the insurers, Lumbermens Mutual, faced financial difficulties. News Currents The Roman Catholic Church in Boston has paid $150.8 million through June...
Delmarva poultry industry criticizes federal avian flu planning
May 8 2006 // News Currents The federal government could learn a thing or two from the Delaware- Maryland-Virginia area poultry industry about how to prepare for an outbreak of avian flu, according to the Delmarva industry officials. In...
Case Law Watch
May 8 2006 // Tenant’s Policy Minges 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 // News Currents 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...
Critics allege wind modelers following politics over science
May 8 2006 // News Currents 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...
Proposed Calif. regulations would stress driving record over zip code in pricing auto insurance
May 8 2006 // California Insurance Commissioner John Garamendi has unveiled enhancements to his proposed regulations that he said follow through on the promise voters sought when they approved Proposition 103 in 1988 -namely, that the...
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...
Liberty Mutual Opts to Fight, Not Settle, Charges Over Contingent Commissions, Account Steering
May 7 2006 // Unlike American International Group, Zurich, ACE and other insurers that have settled similar charges, Liberty Mutual Insurance Group has decided to fight allegations of anti-competitive practices that have been brought...
Texas Mutual Appoints Wagner VP of Underwriting
May 5 2006 // Texas Mutual Insurance Company appointed Larry Wagner as its new vice president of underwriting. Wagner will serve as the company’s chief underwriting officer and oversee its loss prevention efforts. Wagner has 30...
La. Judge Steps Down from Suit Against Last-Resort Insurer
May 5 2006 // A judge has disqualified herself from a lawsuit brought by policyholders against Louisiana Citizens Property Insurance Corp. Civil District Judge June Darensburg said she found out she has a policy from Louisiana Citizens,...
Insurers Assoc. Pushes Fla. Legislators for Property Market Reforms
May 5 2006 // On the final day of the Florida legislative session, the Property Casualty Insurers Association of America is encouraging legislators to make a commitment to create a healthy and competitive insurance marketplace, which is...
Insurer Group Says Some La. Bills Are Bad for Consumers
May 4 2006 // As the Louisiana Legislature considers a wide array of legislative proposals, many of which would be detrimental for consumers, the Property Casualty Insurers Association of America said it is telling lawmakers that the...
N.Y. Supt. Mills Urges Tax-Deferred Catastrophe Reserves for Insurers
May 4 2006 // The country may not need a natural catastrophe backup fund like it has for terrorism exposures, provided government allows insurers to create catastrophe reserves on a tax-deferred basis, according to New York’...
Accenture Survey Finds European Insurers See Positive Impacts from Solvency II Accounting Standards
May 3 2006 // A survey conducted by Accenture, the global management consulting, technology services and outsourcing company, has concluded that the majority of European insurers believe that “Solvency II will improve their...
