Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Calif. Approves Tax-Exempt Status for Private School Self-Insurer
Apr 21 2006 // The California Private Schools Workers’ Compensation Self-Insurance Group, Inc., a self-insurance group for private schools, has been granted tax-exempt status by the California Franchise Tax Board. Rather than...
Insurer Targets Market for Off-Road Recreational Vehicles for Retirees
Apr 21 2006 // No more rocking chairs and shuffleboard. Today, more retired Americans are apparently heading off-road for recreation and adventure. To better serve this active and growing population, The Hartford Financial Services...
Stinson to Direct Government Relations for Physician Insurers Association
Apr 21 2006 // The Physician Insurers Association of America has promoted Michael C. Stinson to be its new director of government relations. Stinson has served as the government relations representative for the PIAA for three years, and...
Kan. Governer Signs Law Giving Immunity to Insurers Reporting Suspected Fraud
Apr 21 2006 // The Coalition Against Insurance Fraud reported that Kansas Governor Kathleen Sebelius signed a law requiring insurers to report suspected schemes to the state fraud bureau. SB 207 also gives insurers immunity from...
N.Y. Hospitals, Physicians Get New Medical Liability Insurer
Apr 20 2006 // Hospitals and physicians in New York now have a new option for obtaining professional liability coverage and physician excess professional liability coverage, through the establishment of the Healthcare Professionals...
Insurers Paid $43 Million of $150 Million Boston Clergy Abuse Settlements
Apr 20 2006 // The Roman Catholic Church in Boston has paid a total of $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...
Louisiana Approves Rate Hikes for Allstate, Other Insurers
Apr 20 2006 // Louisiana’s second-largest insurer has received permission to boost homeowners’ rates an average of 20.6 percent for nearly half its customers, while the remainder will see rates rise an average of 9...
Insurer Sells Chatham Bars Inn on Cape Cod
Apr 20 2006 // American Financial Group, Inc.’s subsidiary, Great American Financial Resources, Inc., has reached an agreement to sell Chatham Bars Inn, its resort-hotel property located on Cape Cod, Massachusetts, for $166...
Insurers Expected to Pay $1.38B for Q1 Cat Losses
Apr 20 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...
Insurers Applaud Signing of Maine Bill Limiting Uninsured Motorist Claims
Apr 19 2006 // In a major victory for Maine insurers, legislation drafted by the National Association of Mutual Insurance Companies (NAMIC) aimed at correcting a Maine Supreme Judicial Court decision hindering insurers’ ability to...
Miss. A/G’s ‘Careless’ Comments Shock American Insurance Association
Apr 19 2006 // The American Insurance Association has responded to stunningly careless and inappropriate public comments made last week by Mississippi Attorney General Jim Hood, in which he compared insurance companies dealing with...
Fla. Commissioner Encouraging Insurers to Use Loss Mitigation
Apr 19 2006 // Property insurers in Florida are being contacted by Insurance Commissioner Kevin McCarty, to participate in a program that focuses on hurricane loss mitigation at local venues around the state. The Federal Alliance for...
Alaska Unfair Claim Settlement Bill Would Undermine Insurance Commissioner’s Authority, Insurers Say
Apr 18 2006 // A bill to change Alaska’s insurance settlement practices, “is unnecessary, would likely cause insurance rates to increase, would unreasonably usurp the Insurance Commissioner’s regulatory prerogative and...
Insurer Group Calls Miss. AG’s Comments ‘Hysterical, Irresponsible’
Apr 18 2006 // Mississippi Attorney General Jim Hood’s recent comments comparing the insurance industry to Nazis are “hysterical and irresponsible,” claims an insurance trade group leader. “Now that Hood’s...
Okla. Tax Proposals: Boon for Companies-Including Insurers-and Wealthy?
Apr 18 2006 // Two tax-credit programs now under intense legislative scrutiny could mean some of Oklahoma’s wealthiest taxpayers, both individuals and corporations, will pay no state income taxes for up to 10 years, officials...
Sound Risk Management, Strong Investment Results Prove Positive for P/C Industry
Apr 18 2006 // U.S. property/casualty insurers managed to increase earnings and add to their capital base in 2005 despite record catastrophe losses, according to ISO and the Property Casualty Insurers Association of America (PCI). Sound...
China Launches Nationwide Insurance Overhaul to Promote Growth
Apr 17 2006 // The China Insurance Regulatory Commission (CIRC) said it will begin thorough investigations into the country’s insurance companies this month to promote the healthy growth of the fledgling insurance market. The...
Miss. AG Hood: Insurance Companies Intentionally Delaying Paying Katrina Claims
Apr 17 2006 // Mississippi Attorney General Jim Hood has sharply criticized insurers’ denial of Hurricane Katrina claims in Mississippi, saying companies are “in lockstep like Nazis locking arms, coming at those people down...
Critics allege wind modelers following politics over science
Apr 17 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...
Not all agents oppose an optional federal charter
Apr 17 2006 // The Commissioners are now fully prepared to go before their various legislative committees with recommendations for a system of insurance law which shall be the same in all States – not reciprocal, but identical; not...
