Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Auto Insurance Costs Holding Steady; Average Nationwide Premium at $867
May 3 2006 // The cost of auto insurance is expected to rise by just 0.5 percent in 2006, the smallest increase in six years, reports the Insurance Information Institute. A declining number of auto accidents, safer cars and...
N.H. Gov. Joins Foes of Association Health Plan Bill
May 3 2006 // New Hampshire Gov. John Lynch has joined a chorus of state leaders opposing a bill in the U.S. Senate that would let small businesses buy health insurance policies exempt from state coverage requirements. Senate Bill 1955...
Insurers Should Expect Next Influenza Pandemic to be Severe, Experts Say
May 2 2006 // Risk experts are warning insurance companies that they may be underestimating their risk if they assume that a new influenza pandemic would be no worse than the 1918 influenza pandemic. While some published studies have...
Conn. Legislature Passes Flex-Rating for Personal Lines
May 2 2006 // The Connecticut House has passed a bill providing flex-rating for personal lines insurance with a six percent flex band. The measure, Senate Bill 410, also includes new requirements governing access to...
Ill. Workers Comp Fee Schedule Open to Abuse, Insurer Group Says
May 2 2006 // The Property Casualty Insurers Association of America has concerns based on a National Council on Compensation Insurance’s estimate that implementation of Illinois’ new medical fee schedule will result in...
American National Reports Dividend of 75 Cents per Share
May 1 2006 // American National Insurance Company, based in Galveston, Texas, announced its Board of directors declared a quarterly dividend of 75 cents per share on its common stock, payable June 16, 2006, to shareholders of record as...
Best Takes Various Rating Actions on Unitrin Inc.
Apr 29 2006 // A.M. Best Co. has affirmed the financial strength ratings (FSR) of “A” (Excellent) and assigned issuer credit ratings (ICR) of “a” to the Unitrin Property and Casualty Insurance Group (Unitrin)...
Ark. Reminds Insurers of Anti-Money Laundering Responsibilities
Apr 28 2006 // The Arkansas Insurance Department issued a reminder to insurers operating in the state of the upcoming May 2, 2006, effective date for the establishment of anti-money laundering programs. The department’s bulletin is...
New Report Rebuts Consumer Group’s Criticism of Med-Mal Insurers
Apr 28 2006 // A newly released report says that recent consumer groups’ criticisms of the medical malpractice insurance industry contain “systematic flaws and the intentional misuse of industry data.” “This new...
California Releases New Regulations Governing Pricing of Auto Insurance
Apr 27 2006 // California Insurance Commissioner John Garamendi has unveiled enhancements to his proposed regulations that will follow through on the promise voters sought when they approved Proposition 103 in 1988 – namely, that...
Mich. Legislature Considers Asbestos Litigation Reform, Insurer Group Says
Apr 27 2006 // The Property Casualty Insurers Association of America says that the Michigan Legislature is considering litigation reform regarding asbestos claims. According to Chicago-based PCI, Michigan has looked at the efforts of...
Fla. Insurance Council Describes Pending Legislation
Apr 27 2006 // The Florida House Insurance Committee and the House Fiscal Council have approved CS/CS/HB 7225, and according to the Florida Insurance Council, the next stop is the full House. FIC released a side-by-side comparison of...
Insurers Say Auto Insurance Bill is ‘Good Public Policy’
Apr 26 2006 // The California Assembly Insurance Committee is considering a bill today that the Association of California Insurance Companies (ACIC) says would prevent the Department of Insurance from altering auto insurance rating...
Fla. Court Orders Southern Family Into Rehabilitation; Citizens to Receive Policies July 1
Apr 26 2006 // Leon County (Florida) Circuit Court Judge Thomas Bateman has ordered Southern Family Insurance Company, one of three financially-troubled property insurers of the Tampa-based Poe Financial Group, into rehabilitation. The...
Insurers Welcome IRS ‘Gross Receipts’ Tax Code Clarification
Apr 25 2006 // Insurers are applauding a recent IRS/Treasury Department tax code ruling that settles the definition of “gross receipts” for property casualty insurers. The National Association of Mutual Insurance Companies...
N.Y. City Targets Medical Mills; Insurer Group Encourages Action
Apr 25 2006 // The New York City Council is looking for ways to shut down certain fraudulent medical clinics that critics say take advantage of the state’s no fault insurance system and drive up auto insurance rates. One prominent...
Australian Manufacturer CSR , Insurers Agree to Asbestos Settlement
Apr 25 2006 // CSR Limited, a large Australian building products manufacturer, has reached a settlement of asbestos litigation with a group of 48 Australian, United Kingdom and European insurers. Under the terms of the settlement each of...
La. Insurance Commish Courting More Insurance Companies
Apr 24 2006 // State Insurance Commissioner Jim Donelon says he is working to get at least a “half-dozen” more companies to write homeowners policies in Louisiana in an effort to ensure affordable premiums for coastal...
Diocese Settles Claims With More Insurance Companies
Apr 24 2006 // The Roman Catholic Diocese of Spokane has reached settlements totaling $4.25 million with two of its insurance carriers in a dispute over coverage of sex-abuse claims, Bishop William Skylstad says. It is the second time in...
Conn. Health Management Firm Repays Alleged Rebates; No Fines
Apr 24 2006 // An Avon, Conn. obstetrician and gynecologist management company subpoenaed last June for allegedly accepting illegal insurance rebates will repay $198,000 to its clients to settle the case, according to state Attorney...
